6 Most Undervalued Crypto to Buy in 2024

With investors looking for a promising new cryptocurrency, it’s tough to scavenge for credible projects that show potential without going through the most undervalued crypto assets.

Undervalued crypto coins allow you to invest at a price that is perceived to be lower than its actual long-term value. As such, you’ll be investing at a discounted price.

Let’s take a closer look at the most undervalued crypto coins in the market right now.

A Closer Look at The Most Undervalued Cryptocurrencies

Are you looking to buy cryptocurrency this month? It is challenging to identify the most undervalued digital currencies in the market among thousands of options.

The good news is that we have done the hard work for you by narrowing our list of undervalued projects down to 11, including old and new crypto projects:

1. Pepe Unchained

Pepe Unchained ($PEPU) is today’s most underrated cryptocurrency. It’s the improved version of Pepe the Frog, offering amazing features. Its most impressive feature is undoubtedly the Layer-2 blockchain. Unlike its predecessor, Layer 1, Layer 2 offers outstanding speed, low fees, and solid security. Believe it or not, its volume capacity is 100 times faster than ETH.

Moreover, this is the first Pepe that has its own chain. It offers great staking opportunities, with an annual reward rate of 4,740%. In fact, 30% of the total token supply, or 2.4 billion tokens, is allocated to staking.

This may be the best unknown crypto to buy due to its great price, which is at its lowest now, at $0.0089105. Investors can purchase tokens during the ongoing presale, and the process is simple; buyers should follow the instructions on the official website.

2. Crypto All-Stars

What is the most underrated cryptocurrency? One of them is definitely Crypto All-Stars, a revolutionary platform offering a unique MemeVault protocol. What makes this protocol one of a kind is its capacity to allow the staking of 11 well-known meme coins, including Pepe and Shiba Inu. Moreover, those who also own and stake $STARS will be provided with 3x the staking rewards. All of this contributes to the potential of this crypto becoming the next crypto to explode.

Users can participate in the presale, stake their $STARS tokens right away, and begin gaining rewards prior to the public launch, enjoying an excellent advantage.

The token allocation is well-balanced, with 20% reserved for each presale and marketing, 25% for staking and the MemeVault ecosystem, and 10% for CEX/DEX.

Crypto All-Stars is also very community-focused. It aims to create a united and solid community of meme coin enthusiasts, fostering engagement in the crypto world.

Crypto All-Stars is not just about individual gains; it’s about building a strong, united community of meme coin enthusiasts. The platform is designed to foster growth and engagement within the crypto space.

3. Flockerz

If you’re looking for the best undervalued coins in 2024, put Flockerz on your investment list. This DAO managed to attract investors with its innovative vote-to-earn system. Anyone who becomes part of the Flock family will be able to vote on the future of the project. The more they contribute to the project’s future, the more $FLOCK tokens they’ll get in return.

This means that Flockerz puts all the power in the hands of its Flock. I.e., the project won’t be controlled by a single entity. Instead, its members alone will shape its future, which makes Flockerz a 100% community-driven project.

If you stake your $FLOCK today, you’ll earn a generous APY, currently 5.244%. This is perhaps the biggest benefit of investing in the $FLOCK token during its presale. The token has a total supply of 12 billion, of which 20% will be reserved for early birds.

At the time of writing, the $FLOCK token trades at $0.0057012. Join the Flock now before its price goes up.

4. Memebet Token

Memebet Token is the native token of the upcoming Memebet Casino and one of the underrated crypto projects. The casino targets the elite meme degen community, allowing users to bet with their favorite meme coins. The platform fills the voids in the crypto casino industry by offering an immersive, meme-filled, and customer-focused gambling experience.

Of the total token supply, 70% is allocated to the presale, which started just a few days ago. Still, it has managed to raise more than $207k. Moreover, 10% of the total token supply is reserved for liquidity and the remaining 20% for casino rewards. Speaking of rewards, the project announces massive airdrops of 400 million tokens to both early investors and regular casino members. They will be distributed over two seasons.

With the Memebet Casino Lootboxes, holders gain access to real-world prizes and casino bonuses, so the platform offers tangible rewards and added utility.

5. Sponge V2

Sponge V2 is an upcoming upgrade to Sponge V1 that promises many benefits to investors. V2 holders will be able to use their tokens to vote on changes within the ecosystem, make transactions, play P2E games, and gain access to dApps and DeFi platforms. This is why many analysts believe that the V2 token could repeat the success of its predecessor, whose value grew by 100x.

V2 tokens can be obtained via the stake-to-bridge model, i.e., by staking V1 tokens. After all V1 tokens are staked, the V2 token will replace them.

Sponge V2 also offers large APYs of up to 362% on the polygon network and up to 166% on the Ethereum network. The $SPONGE V2 token has a total supply of 150 billion, and nearly 10 billion tokens have been staked so far. At the time of writing, the price of the $SPONGE V2 token stands at $0.000074.

6. Shiba Shootout 

If you’re wondering what the most undervalued cryptocurrency is, you should look for a token with a low price and great growth potential, such as Shiba Shootout. Shiba Shootout is an ERC-20 and BEP-20 token whose design includes the Wild West. This dog-based token also has multiple use cases, which further increases its value and sustainability. Investors can use it to vote and participate in Lucky Lasso lotteries. They can also earn additional tokens by sharing their crypto-related stories and by joining its referral program.

$SHIBASHOOT stands out among its meme coin peers with its massive staking rewards, whose APY goes up to 1,874% (at the time of writing). Its developers are also planning the launch of a P2E mobile game in which players will face each other through exciting shooting duels.

$SHIBASHOOT token currently costs $0.0198. However, once it gets listed on major crypto exchanges, its price could reach a potential high of $0.065.

How Do You Tell If a Crypto Is Undervalued?

Buying an undervalued crypto asset allows you to invest at a discounted price – compared to its perceived worth.

But how do you determine if a crypto is undervalued? Well, in a nutshell, there is no sure-fire way of knowing if a crypto – or any asset class for that matter, is undervalued – not least because the concept is subjective.

Here are some signals and factors to consider when assessing whether a crypto asset is undervalued:

• Know the Team: Always check the people behind the project. Trustworthy and experienced founders add credibility and attract investor trust.
• Investigate Backers: Look for well-known investors who invest early in the project. Reputable angel investors and VC funds often choose projects with promising returns.
• Consider Supply Limit: Some cryptos have a maximum supply limit, which can boost their value due to scarcity. Cryptos with these limits are more likely to be undervalued.
• Assess Utility: A crypto’s worth depends on the services it offers users. Cryptos with valuable applications, like Ethereum or Lucky Block, tend to be undervalued because of their utility. More utility often means more undervaluation.
• Analyze the Price Trends: To spot undervalued assets, study price charts. It might be undervalued if the current value is lower than its usual range, and criteria like a reliable team and strong support are met.

How to Find Undervalued Cryptocurrencies? 

Below, we offer some handy tips to help you choose the top undervalued cryptocurrencies for your portfolio.

1. Consider Broader Market Conditions

Like most tradable instruments, cryptocurrency markets go through bullish and bearish cycles. This means that, for example, the broader industry can experience a collective upward swing that can last several weeks or even months.

When this happens, most digital currencies will experience prolonged pricing growth. This happened throughout 2021 when many crypto assets hit new all-time highs.

On the other hand, when the cryptocurrency markets go through a bearish cycle, most projects will struggle in terms of growth. And when this does happen, it gives you the best opportunity to buy undervalued crypto tokens.

The broader markets move in sync, meaning when Bitcoin loses value, so do most other cryptocurrencies, even if the decline isn’t justified with any fundamental reasoning. Therefore, you can often buy your chosen crypto asset at a huge discount.

2. Look at the Market Capitalization

]This refers to the overall market value of the project and is calculated by the total number of tokens in circulation against the current price of the crypto asset.

The idea here is to assess the current valuation of the project to its prior peak. For example, as of writing, Bitcoin carries a market capitalization of under $800 billion.

However, when the digital currency last hit an all-time high in late 2021, its market capitalization was $1.3 trillion. To regain its prior peak valuation, buying Bitcoin at current pricing levels requires an upside of nearly 70%.

As such, in exploring the market capitalization of a crypto project and analyzing it against prior highs, you can attempt to calculate the potential upside the investment offers.

3. Search for Low-Cap Gems

Another effective way to find the most undervalued crypto projects is to search for low-cap gems. This means finding relatively new projects in this space and thus carrying a small market capitalization.

Compared to the other undervalued crypto projects discussed on this page, which carry a valuation of over $1 billion, the upside potential with the best low-cap cryptocurrencies could be huge.

Conclusion

This market insight has discussed some of the most undervalued crypto tokens available to buy at a discount.

Overall, We found that PlayDoge is the most undervalued crypto in the space, already attracting significant attention during its presale phase.

As you consider your investment choices, look for the most undervalued cryptos with the potential to unlock substantial gains.

FAQs