Top 5 Undervalued Altcoins To Make Millionaires, According to Cheeky Crypto
The market is on the dip these days. This is considered a good opportunity to jump into a potential project. But traders wonder which one has the huge potential to join in.
In the latest video, Cheeky Crypto, a Youtube Channel that focuses on cryptocurrency, has highlighted the top 5 undervalued altcoins that can easily help their owner become a millionaire.
The first altcoin mentioned on the list is Loopring (LRC). LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed to build decentralized crypto exchanges.
They’re an Etherium Zk Roll-up layer 2 protocol. We had a bounce, but we expect some lower prices to be coming in the short to medium term.
The bear market is where all the money is made in the bare cycles. This project is going to be solid because they’ve got a solid team, solid technology, and solid use cases. And they’re going to be here for the test of time. That’s why Loopring takes first place on the list. LRC is trading at $0.55, up 0.33%.
LRC/USDT | Source: TradingView
The next one is Storj (STORJ). Storj is an open-source cloud storage platform. It uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.
This project is pretty solid. There’s going to be a use case that requires this one, and it deserves to be on this list. This one is cheaper on some of the pullbacks that we’re expecting. It is changing hands at $0.56, up 0.45%, and ranking number 136 by market cap.
STORJ/USDT | Source: TradingView
Polygon (MATIC) is the next under $1 altcoin on the list. Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
This is a solid project. It’s going to do really well. It is ranked number 17, trading at $0.64 for now, which is down 7.4% and but it’s still a really solid one to keep an eye on.
MATIC/USDT | Source: TradingView
The next altcoin on the list is Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
They have an upgrade towards the end of June. However, with everything that’s happening in the market, maybe that will be a catalyst for price discovery afterward with lots of projects moving over as it’s able to scale to new heights.
Cardano has a really great utility, a solid team, and solid technology. ADA is ranked seventh by market cap at press time. It is changing hands at $0.51, which is up 0.35%.
ADA/USDT | Source: TradingView
The fifth and final project just had to be SingularityDAO. SingularityDAO is a true Decentralized Autonomous Organization designed to simplify access to the crypto economy.
SingularityDAO has created the first decentralized, non-custodial, dynamically adjusted baskets of tokens (DynaSets) controlled by a team of traders aided by and eventually handing over majority control to, highly advanced Artificial Intelligence, the likes of which are leveraged daily on Wall Street but are as yet unknown in the crypto space.
It’s a hedge fund that utilizes AI and machine learning to outperform other hedge funds and the market ultimately. The whole Singularity team is just solid. SDAO is ranking number 525 by market cap and trading at $0.8, up 0.85%.
SDAO/USDT | Source: TradingView
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