With the way the cryptocurrency space is currently structured, it is gradually becoming difficult to find Altcoins that have not significantly risen in value than others that grew when dumped.
It is good to always do your research before investing in cryptocurrency; cryptocurrency is not like stocks; they are not representatives of the value of companies; instead, they are representative of the values of the networks they represent. When there is more participation in a currency, its value appreciates.
There are several altcoins in this category that are significantly undervalued but have 100x potential. These altcoins are the types that, when people begin to purchase, will increase in value over some time. They are not short-term pumps and dumps but are long-term investments.
The first is YFDAI Finance, which did not launch that long ago, and there wasn't any opportunity to purchase during the last bear market. It is currently valued at about $4,000 per coin with a market capitalization of $16.5 million. There are only 21,000 YFDAI coins in existence.
It has potential in the sense that, from the looks of its chart, you would see that we have just broken out of a bullish formation on the lower timeframe. This is quite attractive for investors, especially the types that make use of technical analysis. Also, on the YFDAI application, you can stake coins and receive about 72% per year.
The second coin on the list is Pluton; Pluton has a market capitalization of about $4.4 million, which is about a third the size of YFDAI. Pluton is a decentralized web where you can spend Ethereum. Pluton is a project that has been in existence since 2016, and most people do not even know about it. Pluton is significantly undervalued when compared to its utility potential.
Bondly is another undervalued cryptocurrency; it is currently worth about $0.1622 per coin and has a market capitalization of about $30million. It has a 24hr volume of $1.5million, and in terms of price action, since its launch, it has slightly depreciated.
The altcoins listed above are not there only ones with 100x profit potential and the sorts; there are more others.
It is best to always do first-hand research before deciding to trade, invest in or purchase altcoins. One important thing to note is that most altcoins, especially those with low market capitalization, are very good for investment in the long term.
