Post
Topic
Board Altcoin Discussion
Re: Which coins are undervalued in 2024?
by
EarnOnVictor
on 22/05/2024, 08:18:39 UTC
Among the zillions of coins listed on the market, which one(s) do you think is/are undervalued right now? And why? I believe Litecoin is an undervalued cryptocurrency because of its limited supply (84m coins), greater transaction capacity (than Bitcoin), and built-in privacy features (Mimblewimble). I also believe Elastic (XEL) and Golem (GNT) are undervalued as they're decentralized supercomputing networks with limitless potential.

What is/are your pick(s)? Your input would be greatly appreciated. Thank you very much. Smiley
Well, for me, the term undervalued in the market is relative and it is not what we should be carelessly using to avoid issues for ourselves. If it is an established asset with promising expectations, fine, it is still possible that it encourages investors later, but most times, what people call undervalued assets are not truly undervalued, it is just that they do not want to accept the fact that the asset is indeed at the present level/price it should be. Our personal and sentimental assessments and speculations could at times overcloud our judgments which is not supposed to be so.

This is why I would like us to always consider the recent past behaviours of coins/tokens with others, and this could be backtracked to a whole year or even more to ascertain what the coins/tokens can really do. Some crypto projects are just living in their past glories, they will never perform as some people expect of them anymore. Examples of these are Litecoin and Ripple. I do not see them moving in such an outstanding manner again, and the more people realise this and either go for other coins or diversify their portfolio, the better for them.