All of the cryptocurrencies on the market are worth a lot less now than they were in late 2021 when they were worth the most. Nearly all cryptocurrencies have lost at least 70% of their value. Under these conditions, you can buy bitcoin in the safest way with this method that doesn’t lose your confidence. It’s easy to see that all cryptocurrencies are worth a lot less than they should.
On the other hand, on November 26 of this year, the market lost almost $300 billion. This happened because the new version of Covid made markets around the world very confusing. The total value of the cryptocurrency market went down from $2.68 trillion to $2.39 trillion, according to recent numbers.
Customers were worried that after the election in South Africa, more rules would be put in place. At the same time, this drop was not expected. And by doing so, stop the world economy from getting better, businesses from closing, and people from getting sick. Most people know that when prices go down, investors have left the market.
Putting money into cryptocurrencies that are undervalued is a great idea, but it’s not the only way to find a good investment. If you join their Telegram channel, you can also talk to experts about the problem. Bulls on the Market for Games Based on Cryptocurrency
But if the market correction of 2018 and the recent, widely reported drop in the value of the top 100 cryptocurrencies are any indication, not everything is now on sale. Some cryptocurrencies got too much attention in 2021, and it’s possible that they’ll never get back to where they were.
Still, there are crypto diamonds, and at the prices, they are at now, investors seem to be very interested in them. Here is a list of some of the cryptocurrencies that are undervalued and that you should keep an eye on this year.
Chainlink
Chain Link LINK/USD has become one of the most important cryptocurrencies in a large part of the market. More than half of the space that decentralized data oracles use is managed by Chainlink. Based on how often it’s being used, it’s likely that none of its competitors will be able to beat it in the near future.
Chainlink is the most important player, but its price has never been lower. Chain Link was worth up to $50 in December of last year, but it is now worth between $5 and $7. But more and more people are using LINK, which shows that it’s getting better over time.
Because of this difference between value and price, there is a good chance that Chain Link could give investors a big return on their money if bulls take back control of the market.
Sandbox
By the end of the year 2021, everyone had heard of the Metaverse. On the other hand, it looks like the bear market of 2022 has put an end to the good times. That doesn’t mean that this area isn’t making a lot of progress right now. Play-to-earn games and other parts of the Metaverse are about to grow a lot.
By 2021, the number of games in Sandbox SAND/ecosystem USDs has grown at an exponential rate. At the same time, other parts of the Metaverse have grown, such as the number of virtual concerts that have been held in Sandbox.
Even with these improvements, the price of SAND tokens has dropped from an all-time high of $8 in 2021 to a level where it is hard for it to stay above $1. It shows how undervalued SAND is, especially since experts think the Metaverse market will be worth a trillion dollars by 2030.
Axie
Axie Infinity AXS/USD has grown quickly since it first came out, just like Sandbox. So much so that its NFT collection is one of the most valuable on the cryptocurrency market right now.
Even though Axie Infinity’s gaming environment will be bigger in 2022, Axie Infinity Shares (AXS) have lost a lot of value and now sell for less than $20.
The price of Axie Infinity went up by 50 percent during the crypto rally that happened last week. This shows that AXS could make a lot of money if the market goes up again.