Top 13 Underrated Cryptos that Might Bring Major Gains to Watch in June 2022
The cryptocurrency market has had a very volatile year, especially in the last few months. There are many coins that have taken major dips and seem to be on their way up again. Though these currencies have done fairly well recently, there may still be more room for gains as time goes on. It is important to keep an eye out for cryptocurrencies that might make big moves soon so you can ride them when they rise back into profitability.
The “best crypto under 1 cent 2022” is a list of 13 cryptocurrencies that will likely outperform in the next year. These coins are currently worth less than one cent each, but they have the potential to grow into major gains.
The cryptocurrency market has lately seen another major price drop, but it looks that the rebound is only getting started. While the sector isn’t doing well right now, and many investors are worried about recent price declines, experienced investors know that now is the perfect moment to purchase.
However, if you’re searching for a long-term investment that will pay off handsomely after many years, undervalued cryptos are your best bet. There are a lot of initiatives in the industry that have solid technology, a clear roadmap, and a lot of use cases. Despite the fact that these projects should be the stars of the whole crypto industry, they are being disregarded and discounted for some reason. You may take advantage of this since it will ultimately change and their market worth will catch up to their true value, and when that occurs, you will be pleased you got them while they were cheap.
Today, we’ve compiled a list of 13 such cryptocurrencies, which we feel can perform far better than they are now, independent of market conditions. So, if you’re looking for inspiration, here are some options.
1. Polygonal shape
The first project on our list is Polygon, which is not just undervalued in terms of pricing, but we had to include it first since it recently opened its doors to companies attempting to escape Terra’s collapsing environment.
Polygon is a supplier of Ethereum scalability solutions, making it an ideal location for dApps and DeFi protocols. While it has made significant progress in terms of its own development, its choice to embrace Terra’s “refugee projects” will provide it with a slew of new projects and use cases.
Visit our Investing in Polygon guide for more information.
Decentraland comes in second place. This is one of the first, if not the first, metaverse projects, and as such, it is the Bitcoin of the metaverse. It not only has a first-mover advantage, but it also has a well-developed network and digital world with many applications.
Users may buy their own piece of land in Decentraland’s metaverse with NFTs and use it for anything they like, from game and software creation to organizing virtual events. The Australian Open, for example, utilized it to host a virtual version of their famed tennis tournament for individuals who couldn’t attend in person owing to COVID-19 limitations.
Visit our Investing in Decentraland guide for more information.
3. Protocol for Bands
The next project is Band Protocol, which is a decentralized oracle network project. The project, like Chainlink, has a significant benefit in that it works on the Cosmos network. Chainlink, on the other hand, is based on Ethereum, which implies it is similarly affected by the network’s scalability issues.
Oracle networks are vital for the blockchain because they enable smart contracts to get data from a number of outside sources. This is significant because this information must be supplied to smart contracts in order for them to recognize whether the contract’s conditions have been satisfied and whether or not they should self-execute. And, since Band is quicker and less expensive than Chainlink, it has the potential to displace it in the future, or at the very least, to become similarly popular and well-liked.
Visit our Investing in Band Protocol guide to learn more.
4. Token of Basic Attention
Basic Attention Token, or BAT, takes the fourth position. This is the native cryptocurrency of the Brave Browser, a browser designed to provide users the freedom to choose whether or not to view advertisements. The developers were fed up with marketers blasting people with adverts anytime they wanted, so they devised a project that hides all ads and only exposes them to consumers if they specifically request it.
Of course, no one would want to watch commercials if they weren’t given a reward, and Brave Browser delivers that in the form of BAT tokens. The idea is to revolutionize advertising by connecting firms promoting their goods to prospective customers directly, bypassing intermediaries who keep all of the money.
Visit our Investing in Basic Attention Tokens page for more information.
Dogecoin is a fifth cryptocurrency.
We have Dogecoin as our sixth submission. Dogecoin’s tale is now well-known in the cryptocurrency community. It was launched in 2013 as a joke cryptocurrency, and despite the fact that even its designers anticipated it to vanish shortly, it has managed to become the crypto industry’s favorite coin and has been around for 9 years. Not only that, but it exploded last year, setting a new high in early 2021.
Since then, a slew of memecoins have sought to supplant DOGE, and although one (Shiba Inu) came close, DOGE has reclaimed its position as the most popular memecoin. Still, DOGE is the first and oldest memecoin, and such currencies are seldom replaced, which is why we predict DOGE will continue to be the “top dog.”
Visit our Investing in Dogecoin guide for more information.
We have STEPN as our sixth project. This is an NFT token that allows users to buy digital shoes in the form of NFTs. Users will be creating bitcoin for themselves and earning while living a healthy lifestyle by doing so, and then just walking or jogging.
STEPN is the first project to successfully mix crypto with fitness in such a unique and enjoyable manner, which is why we feel it has a strong chance of remaining popular as the market learns more about it.
Visit our Investing in Stepn guide for more information.
We’ll move on to Waves now. Our is a project you would not have expected to see on this list, given that it went through a rough patch around two months ago when its stablecoin lost its peg, causing the whole project to suffer. However, its creators have just disclosed plans for Waves’ rebirth, which leads us to think that purchasing it now might be incredibly beneficial if the plan succeeds.
Of course, we can’t guarantee that it will work, which is where the risk resides. Users will have to decide for themselves whether or not to give Waves a chance.
Visit our Investing in Waves page for more information.
MyNeighborAlice is number eight.
MyNeighborAlice is the next game on the list, and it’s a blockchain-based metaverse game. MyNeighborAlice is a game based on the famous Animal Crossing video game. Users may buy digital islands in the form of NFTs in the game. They may then collect different materials from the islands and use them to construct goods, decorate their island, and so on.
Players may earn cryptocurrency by doing daily activities and entering competitions, and the greatest part is that the project was designed specifically for non-blockchain users to utilize without ever coming into direct touch with the blockchain. All transactions are made via Alice, a persona who makes the project very user-friendly.
Visit our Investing in MyNeighborAlice guide for more information.
We have a project called Ertha, which is another metaverse project that provides a virtual replica of the planet Earth, in ninth place. It is divided into 350,000 equal plots known as HEXes, and gamers who purchase a plot become a part of the area in which the HEX is situated. This entails becoming a citizen of a nation and then filling one of the various positions available in that country.
This is primarily a game, but it challenges users to consider the economic, military, scientific, and other elements of running their HEX, as well as the nation to which that HEX belongs.
Visit our Investing in Ertha guide for more information.
Ethereum Name Service is number ten.
We now come to Ethereum Name Service, which is ranked eighth. This is an intriguing effort that seeks to convert existing crypto addresses, which are accessible by computers but represent nothing more than a series of letters and numbers to people, into something that humans can read and comprehend.
This will be critical in making the crypto business more user-friendly and delivering on the old promise of making crypto payments as simple as sending an email.
Visit our Investing in Ethereum Name Service guide to learn more.
Filecoin is the eleventh cryptocurrency.
Filecoin is our eleventh entry, a project that aims to leverage blockchain technology to enable secure and private digital storage. The goal of the project is to provide a decentralized alternative to conventional cloud services that are user-friendly but lack privacy. After all, the corporations that provide modern-day clouds have complete access to the data that is kept there, and consumers must trust that they will not gather and use it in any manner.
Filecoin provides a trustless system in which users’ data is encrypted, divided into numerous bits, and then stored across a network of nodes for information security.
Visit our Investing in Filecoin guide for more information.
Golem is nearing the Conclusion of the list. This is a Swiss-based initiative that aims to provide the first proxy-free, censorship-resistant environment for computer-intensive projects serving consumers all over the globe. After some time, the team understood that it needed to improve its design and provide customers a new sort of programming platform with endless possibilities.
In 2020, the team was also given the task of developing a brand new protocol, architecture, and codebase, and as a result, it is now a project that fosters a global community of creators who are developing ambitious software solutions that will shape the technological landscape of future generations by utilizing computing resources on its platform.
Visit our Investing in Golem guide for more information.
Cardano, no. 13
Finally, but certainly not least, there’s Cardano. Cardano is an underappreciated cryptocurrency, despite its enormous market size and excellent ranking, since smart contracts launched in late 2021 gave the coin a variety of new use cases. Despite an increase in the number of projects, developers, and users, its price never grew as much as it deserved, since the bear market struck just a month later.
Cardano is a project with a lot of promise, but it also likes to take things slowly, which is why it’s such a good long-term investment.
Visit our Investing in Cardano guide for more information.
While we have high hopes for the projects on the list above, it is important to realize that these are not the only underappreciated and undervalued initiatives out there, and that there is no assurance that they will genuinely rise. There is no assurance that any crypto will survive, since we have seen initiatives like Terra lose everything due to a single error. However, we feel that these are the projects that have that potential, and you will be pleased you purchased them when the time comes.