9 Most Undervalued Cryptocurrencies to Invest in 2024
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The goal of just about everyone that invests in crypto or stocks is to find an undervalued asset that they’re able to extract profit from. However, finding the most undervalued crypto projects requires a huge amount of research and can be rather difficult.
Throughout this guide, we’ll be taking a look at 9 of the most undervalued crypto projects that can be purchased right now, including Pepe Unchained, Crypto All-Stars and Base Dawgz, discussing what makes a project undervalued, and explaining where to find the most undervalued cryptocurrencies in 2024. Let’s get started.
Most Undervalued Crypto Projects to Invest in Now
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
ETH
bnb
usdt- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
Bank Card- +2 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
- Bank Card
- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- New meme coin offering an immersive Wild West crypto experience with high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- +1 more
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
Solana- ETH
- bnb
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- Easy to integrate Dogecoin spinoff, celebrating 10 years of the original Dogecoin
- Secure and transparent staking on ETH blockchain, with high passive rewards for holders.
- Scheduled to be launched on major crypto exchanges in Phase 3 of roadmap, ensuring widespread accessibility and adoption.
- usdt
- Bank Card
- ETH
- Native token of the DTX Exchange that offers 1000x leverage
- Almost $1 million already raised in just a short time
- Upcoming crypto giveaway where 10 presale participants will win $100,000 worth of DTX Token each
Bitcoin- ETH
- usdt
- +2 more
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- Forecast the outcomes of Formula One races and compete with fans worldwide for a spot on the leaderboard.
- Use $BDJ tokens to participate in prediction markets, stake for additional rewards, or hold for potential future value appreciation.
- Buy and stake $BDJ to earn up to 6,811% in passive income rewards.
- ETH
- bnb
- usdt
- +1 more
- Latest crypto ecosystem designed to power all upcoming dApps.
- With no gas fees, lightning-fast transactions, crypto staking options and more, JetBolt is one to watch.
- Buy and stake JBOLT tokens to earn rewards.
- Bank Card
- ETH
- Bitcoin
- +2 more
The 9 Most Undervalued Cryptos to Buy Today
Below, we’ve rounded up a few of the top undervalued cryptocurrencies that have the potential to explode over the coming months. The projects we’re looking at offer a wide variety of use cases and comprise some of the top cryptos with the most potential in 2024.
- Pepe Unchained – Most undervalued crypto to buy with innovative Ethereum Layer 2 solution.
- Memebet Token – Undervalued GambleFi meme coin that offers play-to-earn airdrop rewards.
- Crypto All-Stars – Stake multiple meme coins under one ecosystem. Get 3x staking APY.
- Shiba Shootout – Undervalued Shiba meme coin with generous staking and community rewards.
- Mega Dice Token – Recently launched coin of popular crypto casino that issues rewards based on the casino’s performance.
- Sponge V2 – Sponge V1 did 100x in 2023, Sponge V2 aims to outperform with a play-to-earn game.
- XRP – Transactional cryptocurrency that is used by multiple banks and financial institutions.
- Cardano – Popular crypto project building a secure smart contract ecosystem.
- Chainlink – Data-driven cryptocurrency project that is packed with intrinsic value.
Analyzing The Most Undervalued Crypto Coins
We’ve taken a quick look at each, so now it’s time we delve into our reviews of the most undervalued cryptocurrencies in 2024.
1. Pepe Unchained – Most Undervalued Crypto in 2024 Offers Layer 2 Ethereum Solution
Pepe Unchained takes the top spot on our list of most undervalued crypto due to its unique answer to Ethereum’s scaling problems that have hindered meme coin trading on the second-largest blockchain ecosystem. Pepe Unchained offers a fresh take on the classic Pepe meme that has birthed countless amphibian-themed meme coins such as Pepe (PEPE) and Snappe Coin (SNAPPE). While many of the coins are simple meme coins with no utility, Pepe Unchained comes with its own blockchain built on the Ethereum blockchain.
This allows Pepe Unchained to offer lower cost, faster transactions while enjoying the security of Ethereum. This makes it perfect for meme trading, which is high volume and sometimes for low amounts. In comparison, Ethereum transactions can cost about $1, making day trading a costly activity. By doing this, Pepe Unchained hopes to foster an entire ecosystem of meme coins.
At $0.0095743 per token during the presale, it has a significant potential upside. You can also stake your $PEPU tokens for staking rewards of more than 210% at the time of writing. This project merges meme culture and scaling solutions to create a new type of meme coin. To learn more, follow Pepe Unchained on X and join its Telegram channel.
Why is Pepe Unchained undervalued?
- Pepe Unchained is in its presale phase, offering $PEPU tokens at a low price. As it lists on exchanges and launches its blockchain, expect to see more investors ape in.
- It will also release a block explorer and other products, helping build an entire Pepe Unchained ecosystem.
- By staking $PEPU tokens, early investors can enjoy high staking rewards, resulting in long-term holding and engagement.
| Presale Started | June 2024 |
| Purchase Methods | BNB, USDT, ETH, Card |
| Chain | Ethereum |
| Current Valuation | $12.5 million |
| Current Price | $0.0095743 |
| Min Investment | None |
2. Memebet Token – Meme Coin Wagering Casino Launches Token Presale
Memebet Token ($MEMEBET) is one of the most undervalued cryptos right now as it’s being sold in a presale at a discounted price of $0.025. This exciting new meme presale will be the native token that powers a unique crypto casino that will allow gamblers to wager with their favorite meme coins like $PEPE and $DOGE.
Unlike many presales where users can’t claim their tokens until the presale ends, Memebet will allow users who buy $MEMEBET on the Ethereum blockchain with ETH, USDT, or a card, to withdraw their tokens and use them on the Memebet Casino. The casino will launch sometime during the presale, allowing token holders to wager with $MEMEBET.
Those who wager with the token will earn $MEMEBET token airdrops. For that purpose, 20% of the token supply has been allocated. The presale will get a total of 70% allocation, showing the team’s commitment to turn this into a massive community meme coin. Follow Memebet on X and join their Telegram group to get the latest updates.
Why is Memebet undervalued?
- The $MEMEBET token is sold at a discount during the presale, giving early investors the best deal. With every presale stage, the token price will go up.
- The Memebet Casino will allow users to wager with their favorite meme coin while earning airdrop rewards.
- Memebet Token holders will get exclusive benefits like VIP rewards and wagering bonuses. Wagering with $MEMEBET during the presale will earn airdrop rewards.
| Presale Started | Sept 2024 |
| Purchase Methods | USDT, ETH, BNB, MATIC, Card |
| Chain | Ethereum |
| Current Valuation | $150,000 |
| Current Price | $0.025 |
| Min Investment | N/A |
3. Crypto All-Stars – Crypto Platform for Staking the World’s Best Meme Coins
Crypto All-Stars is an innovative crypto platform that is allowing meme coin investors to stake their holdings on a single ecosystem. Through a feature called the ‘MemeVault,’ Crypto All-Stars will support the staking of top meme coins, including Shiba Inu, Dogecoin, Floki, and many more. In return for staking, investors will earn passive income rewards in the form of $STARS tokens. 
The native token of Crypto All-Stars, $STARS, is currently priced at $0.001431 on presale. Those already holding $STARS tokens can earn up to a 3x increase on the standard APY being offered via the MemeVault. The $STARS token can also be staked on smart contracts to generate an annual yield of 1,277%. From a total supply of 42.069 billion tokens, 20% are being allocated to the presale. For more information, read the Crypto All-Stars whitepaper and join the Telegram channel.
Why is Crypto All-Stars Undervalued?
- The $STARS presale has raised $1.16 million in just a couple of weeks, denoting high investor interest and confidence.
- High staking rewards can make $STARS a top investment opportunity.
- Priced at just $0.001431, $STARS is available at a very low price, making it a top undervalued investment opportunity.
| Presale Started | August 2024 |
| Purchase Methods | BNB, USDT, ETH, Card |
| Chain | Ethereum |
| Current Valuation | $1.16 million |
| Current Price | $0.001431 |
| Min Investment | None |
4. Shiba Shootout – Shiba Meme Coin With Generous Staking and Community Rewards
Shiba Shootout ($SHIBASHOOT) is one of the most undervalued cryptocurrencies this year. This Shiba-themed meme coin has massive viral potential as it blends the Wild West with Shiba dogs. It also brings generous rewards to the table that you can earn in the form of staking and various community activities.
Users can earn $SHIBASHOOT tokens by referring other investors. This way both the referrer and the investor earn tokens for free. Another rewarding activity is the campfire stories. Users share their crypto and meme coin stories and the best story earns tokens. During the presale, there’s a generous staking APY of over 860% dynamic.
These tokens can be used in the “Lucky Lasso Lotteries” for a chance to win crypto prizes. A portion of the lottery funds could also go to charitable initiatives, to do good while having fun. Make sure to check out the Shiba Shootout whitepaper for more information. Also, follow Shiba Shootout on X and join their Telegram group to stay up to date.
Why is Shiba Shootout undervalued?
- While Shiba Shootout is in a presale phase, early investors get to buy it at a discount. There’s also over 860% dynamic staking APY during the presale phase.
- Use the $SHIBASHOOT token to participate in lotteries for a chance to win various crypto prizes.
- There are many ways to earn the token by being an active community member, such as sharing your crypto stories or referring other investors.
| Presale Started | April 2024 |
| Purchase Methods | BNB, USDT, ETH, Card |
| Chain | Ethereum |
| Current Valuation | $1.10 million |
| Current Price | $0.0202 |
| Min Investment | None |
5. Mega Dice Token – New Token of Popular Crypto Casino; Stakers Receive Rewards Based on the Casino’s Performance
Mega Dice Token is next on our list of the most undervalued cryptocurrencies, as it offers an innovative staking mechanism where users can earn rewards based on the performance of the Mega Dice casino itself. With $50 million wagered every month on the Mega Dice Casino and over 10,000 active monthly players, this could prove extremely lucrative for $DICE holders.
Token holders also receive a host of other benefits and rewards, including eligibility for upcoming airdrops totaling $2.25 million, limited edition NFTs, special privileges, and daily payouts. Another exciting feature is the 25% referral bonus, where $DICE holders will receive a 2% revenue share for anyone they refer – for life!
Anyone who joins the presale will also receive bonus $DICE tokens and be able to stake tokens early, bolstering their investment even further. Price at only $0.116056, this token is hugely undervalued when you take into account all the benefits it offers. Check out the project on X (Twitter) and join the Telegram channel for the latest updates. For more information, read our guide on how to buy $DICE.
Why is Mega Dice Token undervalued?
- It offers unique staking rewards based on the performance of the Mega Dice casino, offering a strong value proposition.
- $DICE is in the early stages of its presale and development. As it progresses through its roadmap, including DEX and CEX listings, its value is expected to increase substantially.
- Mega Dice Token benefits from an already successful casino with $50 million in monthly wagering volume. This integration reduces investment risk and provides a strong foundation for future growth.
| Presale Started | April 2024 |
| Purchase Methods | SOL, BNB, Card |
| Chain | Solana |
| Current Valuation | $1.80 million |
| Current Price | $0.116056 |
| Min Investment | None |
6. Sponge V2 – Undervalued Crypto Project Building a Play-to-Earn Game
Sponge V2 is the upgraded version of Sponge V1, which saw its price surge 100x from its presale prices and reach a market cap of $368,000 in 2023. The new iteration aims to outperform its predecessor and bring more utility to the coin via a play-to-earn racing game with meme characters.
The only way to get your hands on $SPONGEV2 is to buy the V1 version, $SPONGE. You can then stake it on the Sponge V2 presale site to get the new tokens in return. Buy the tokens with ETH, USDT, or a card, and stake them. There’s a 39% staking APY at the moment.
The project will run in three stages. The first stage is designed to bridge the V1 to V2 tokens. After that, the token will be listed on DEXs while the game is built. The final stage marks the release of the P2E game and the token listing on major exchanges. Join the Sponge V2 Telegram channel, follow Sponge V2 on X, and read our guide on how to buy Sponge V2 for information.
Why is Sponge V2 undervalued?
- Sponge V2 is in its presale phase with promising features like staking rewards and a play-to-earn game yet to come. As these features gain traction, its value is likely to rise.
- Many investors misunderstand Sponge V2’s potential. It offers innovative staking and play-to-earn gaming features but is often seen as just another meme coin.
- Sponge V2 has a strong community backing, which has driven significant growth and engagement. This support is crucial for its long-term success and market performance.
| Presale Started | December 2023 |
| Purchase Methods | ETH, USDT, and Card |
| Chain | Ethereum |
| Current Valuation | $368,000 |
| Current Price | $0.000035 |
| Min Investment | None |
7. XRP – Transactional Cryptocurrency Held Under Water by Legal Issues
Created by David Schwartz and Jeb McCaleb, XRP is a transactional cryptocurrency designed for low-cost, energy-efficient money transfers and currency conversion. Though often associated with Ripple Labs, which they later formed, XRP was created independently. Ripple Labs has significantly boosted the XRP ecosystem through strategic partnerships with major institutions like Bank of America.
XRP’s market cap is substantial, reflecting its established role in the crypto world. The 2021 launch of the XRP Ledger (XRPL) added smart contract functionality, expanding its use cases. This positions XRP favorably against higher-valued projects like Ethereum and Solana.
Despite a legal battle with the SEC, XRP remains a resilient and undervalued asset, potentially poised for growth pending court outcomes. For more details, follow Ripple on X and read our guide on how to buy XRP.
Why is XRP undervalued?
- The broader market sentiment has been affected by the legal uncertainties surrounding XRP. Despite recent positive developments, these issues have created caution among potential investors, keeping the price suppressed.
- XRP has seen significant adoption and development, including partnerships across Asia, Africa, and Europe for cross-border payments. These partnerships and ongoing technological advancements position XRP for future growth as regulatory clarity improves.
- There is growing institutional interest and potential for further integration into traditional financial systems. The recent acknowledgment of XRP as a utility token and developments like the on-chain lending proposal by RippleX enhance its value proposition.
| Presale Started | 2012 |
| Purchase Methods | Binance, Bybit, HTX, and 85 other exchanges |
| Chain | XRP Ledger |
| Current Valuation | $34.05 billion |
| Current Price | $0.06 |
| Min Investment | None |
8. Cardano – Popular Crypto Project Building a Secure Smart Contract Ecosystem
Rounding off our list of the most undervalued crypto projects is Charles Hoskinson’s Cardano (ADA). While the token was launched in 2017, it gained traction in 2021 as an alternative to Ethereum, eventually climbing to an all-time high of $3.10. The token is still among the top ten cryptos, but its potential has yet to be fully realized in this bull run.
The project was designed as a heavily decentralized and secure blockchain and has been successful on this front. Cardano was one of the first large-cap cryptocurrencies to implement the proof-of-stake (PoS) consensus mechanism, which has now been adopted by post-merge Ethereum.
While many investors aren’t fans of the time it takes for Hoskinson to fulfill his goals, it seems logical that it’s better for updates to take a while rather than be rushed and insecure. As it stands, Cardano is one of the largest cryptocurrencies on the market. With a loyal community, it’s unlikely to lose this status. For more information, read our step-by-step guide on how to buy Cardano and follow ADA on X.
Why is Cardano undervalued?
- Many investors misunderstand Cardano’s potential. Its efficient proof-of-stake protocol and advanced smart contract capabilities make it a strong competitor to Ethereum, yet it often goes overlooked.
- Cardano’s Alonzo upgrade added smart contract functionality, enhancing its DeFi and NFT capabilities. As adoption increases, its true value may become more apparent.
- Despite recent bullish trends, broader market volatility and liquidation crises have impacted Cardano’s price, creating a buying opportunity at lower valuations.
| Presale Started | September 2017 |
| Purchase Methods | Binance, HTX, MEXC, and 76 other exchanges |
| Chain | Cardano |
| Current Valuation | $13.9 billion |
| Current Price | $0.38 |
| Min Investment | None |
9. Chainlink – Data-Driven Crypto Project Packed with Intrinsic Value
Chainlink (LINK) is a favorite among investors looking for the best future cryptocurrency projects. The project was created as a way to implement data gathered off-chain into on-chain projects. This has massively opened up what’s possible in the world of crypto and web3.
With Chainlink offering such an in-demand service, it should be of little surprise that the project has been picked up a plethora of high-profile entities including Aave, Polygon, and even Google Cloud. Thanks to its first-mover status and its long list of established partnerships, the project is likely to continue growing for the foreseeable future.
Chainlink is one of the most impressive crypto projects on the market right now. It offers investors a huge amount of intrinsic value at a comparatively low cost compared to the token’s previous highs. Being one of the best altcoins available right now, it’s well worth keeping an eye on LINK throughout the coming months. Read our step-by-step guide on how to buy Chainlink for more details and follow Chainlink on X for the latest updates.
Why is Chainlink undervalued?
- Many investors misunderstand Chainlink’s full potential, seeing it only as an oracle service. In reality, it provides crucial infrastructure across multiple blockchains, enabling smart contracts to interact with real-world data and services.
- Growing institutional interest, such as Grayscale’s Chainlink Trust and partnerships with financial giants like SWIFT, underscores Chainlink’s strategic importance.
- Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is still in its rollout phase. As it becomes fully integrated, it could unlock trillions in real-world asset value, significantly boosting Chainlink’s utility and demand.
| Presale Started | September 2017 |
| Purchase Methods | Binance, MEXC, Coinbase, and 87 other exchanges |
| Chain | Ethereum |
| Current Valuation | $7.9 billion |
| Current Price | $12.99 |
| Min Investment | None |
What Makes a Cryptocurrency Undervalued?
While it’s true that ‘undervalued’ will be a subjective term, the majority of investors will likely be able to agree on a few key attributes that make a cryptocurrency undervalued. Typically, if an asset has greater intrinsic value than perceived value, it can be considered undervalued.
Intrinsic value simply refers to a project’s utility. For example, if a certain cryptocurrency provides a service that is actually needed within the industry, it will always have a utilitarian demand, helping to bolster its value regardless of the current market conditions.
On the other hand, perceived value is what investors believe an asset is worth. This is influenced largely by hype and buyer sentiment. As such, once things start going awry, perceived value tends to melt away as interest in an asset declines.
An attractive market capitalization indicates a crypto’s potential for growth and stability. Low market cap cryptos are often undervalued, especially if the project has strong fundamentals. When researching undervalued cryptos, we compare their market caps to similar projects with higher valuations, assessing their technology, use cases, and adoption potential. This helps identify which cryptos might be undervalued and are likely to grow significantly. Compelling use cases indicate a cryptocurrency’s practical utility and adoption potential. They show how the project can solve real-world problems. When evaluating undervalued cryptos, we assess their use cases compared to similar projects. We consider factors like technology, market needs, and adoption rate. Strong use cases often lead to increased demand and higher valuations, highlighting potential undervaluation opportunities. This approach helps identify utility tokens with practical applications and growth potential. Comparing similar projects with higher valuations helps identify undervalued cryptos by revealing discrepancies in market perception versus actual utility. We evaluate this by analyzing their technology, adoption rate, and valuation. This helps spot cryptos with similar or superior features that are priced lower, indicating undervaluation and investment opportunities. This step helps us get a thorough understanding of market dynamics and project potential. Alignment with future trends indicates a cryptocurrency’s potential relevance and adoption, and ensures the project addresses emerging market needs. We evaluate this by analyzing emerging and future trends trends, such as green technology, data availability layers, AI cryptos, tokenization of real-world assets, and DePIN projects. Comparing the crypto’s focus with these trends helps identify projects poised for future growth. This approach highlights undervalued cryptos likely to benefit from evolving market dynamics and technological advancements.Methodology: How We Determine the Most Undervalued Crypto
Our methodology for determining the most undervalued cryptocurrencies is thorough and data-driven. We update our list based on market capitalization, use cases, comparison with similar projects, and alignment with future trends. Each factor is then weighted to reflect its importance. This ensures our recommendations are reliable and promising.Attractive Market Capitalization (30%)
Compelling Use Cases (25%)
Similar Projects with Higher Valuations (25%)
Alignment with Future Trends (20%)
How to Find Undervalued Crypto
There are a plethora of techniques for finding the top undervalued cryptocurrencies. We’ll share a few of the most powerful.
Analyze Price During Market Downturns
Although it might seem counterproductive, looking for undervalued assets during periods of negative growth can be a great way to find some micro cap crypto gems. When the market is suffering, overvalued assets will likely decline faster or to greater proportions. However, undervalued assets will remain strong and decline comparatively less despite the macroeconomic conditions.
Search for Trending Projects
Websites like CoinMarketCap are packed with statistics on almost every trending crypto on the market. Searching these platforms for projects that have been trending or experiencing increased volume for longer periods of time can be a big help when it comes to finding undervalued crypto for 2024.
However, it’s important to look at the price history to ensure that an asset hasn’t experienced a recent pump that could have pushed it into overvalued territory.
Research Crypto Presales
Researching presale cryptos is one of the best ways to find undervalued projects. Presales offer tokens at lower prices before public release, providing early investment opportunities. These projects often have high growth potential once listed on exchanges.
Evaluating their use cases, team, and market trends helps identify promising undervalued investments. This approach maximizes potential returns by entering at the ground level.
Look for Projects with Ample Intrinsic Value
Naturally, looking for a project packed with intrinsic value and utility is a large part of finding undervalued projects. If an asset is priced cheaply when considering its function, then it could make for a good long term crypto investment. Conversely, just because an asset is cheap doesn’t mean it’s a good investment, must also provide ample value for its target audience.
Conclusion
Throughout this article, we’ve taken a look at some of the most undervalued crypto projects available to purchase right now, discussed what makes an asset undervalued, and provided a few techniques that can be used to find undervalued assets.
While each of the projects we’ve mentioned has strong potential for growth, Pepe Unchained is highly undervalued due to its robust Ethereum L2 network dynamics.
Undervalued Crypto FAQs
What is the most undervalued cryptocurrency?
The most undervalued cryptocurrency is Pepe Unchained. It is built on the Ethereum L2 blockchain, and offers high staking rewards.
How do I tell if a cryptocurrency is undervalued?
There are many factors that affect whether an asset is undervalued. However, in short, if an asset offers more intrinsic value than its perceived value, it can be considered undervalued and could make for a solid investment (as long as its fundamentals are sound).
Which crypto will boom in 2024?
Pepe Unchained is likely to boom in 2024. It is built on the Ethereum L2 blockchain, charges low gas fees, and offers high staking rewards.
References
- Cryptonews.com: New Play to Earn Meme Coin PlayDoge Raises $200,000 in Presale, Can it Challenge Floki Inu?
- Nasdaq: XRP News Today: Ripple Fires Back in SEC Lawsuit with Reply Brief
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