Every crypto investor probably wants to buy undervalued cryptocurrencies. If the true value is above the market value, the market will recognize this at some point and the price will rise sharply – that’s the calculation.

In the current bear market, the valuations of all cryptocurrencies have fallen. So how do you find the best undervalued coins in 2024? What features should you pay attention to and when is the best time to buy?

We clarify these questions and provide detailed buying instructions for acquiring the underestimated coins. We also introduce undervalued tokens with potential – and where their prices could develop.

Still Undervalued Cryptocurrencies in Comparison

Undervalued Cryptocurrencies in Comparison

Undervalued cryptocurrencies are crypto tokens that are literally “priced below their value” at the current market price. An undervalued cryptocurrency is a promising crypto project with potential that is or will be widely adopted by users, but which is not yet recognized by the market.  

We looked at the most exciting cryptocurrencies with a future, including their adoption and current prices, and we identified the following Crypto Gems as the best undervalued cryptocurrencies in 2024:

1st Place: The SMOG Memecoin

The list of undervalued cryptocurrencies is topped by the SMOG memecoin – a strange Solana memecoin that impresses with its popular dragon character and real utility in the form of expected airdrop rewards. What’s more, with perfect timing, just in time for the start of the Year of the Dragon, Memecoin fans at SMOG will have their hearts warmed.

The core behind the coin – the innovative “hold-to-earn” principle: Although there is a uniform presales price in SMOG’s current fair launch, the holding period determines the number of airdrop points per wallet. The longer you hold SMOG, the higher this score is, which means you can get more in the SMOG airdrop. The principle is bearing fruit – the hype is growing day by day.

4 Factors that Make SMOG an Undervalued Cryptocurrency:

Hold-to-Earn: With the SMOG token, buying and holding are continually rewarded – the longer the holding time, the more airdrop points there are, which will become lucrative airdrop rewards in the upcoming SMOG airdrop and partner airdrops.

Massive hype: Less than 72 hours after the launch of the SMOG Coin presales, over 2,000 community members were already active on social media, this speaks for the popularity of the token, the project’s memes are already reaching over 21,500 users, and more and more hype is emerging.

Perfect narrative: Finally an original, different memecoin with a dragon figure – not only unique in the dog-coin-driven meme coin market but also an allusion to Solana CEO Anatoly’s legendary appearance at BREAKPOINT 2023 and in keeping with the bullish Chinese year of the Dragon 2024 – will SMOG really be the “ one memecoin to rule them all ”?

Many partner airdrops: Holders of SMOG tokens will probably be able to take part in numerous other airdrops from exciting Solana projects in the near future, at least the community has set itself this goal. This would mean huge additional token utility!

Buy SMOG tokens now

Cryptocurrency is an investment product with no significant volatility and regulation.

2nd Place: Sponge V2

Anyone who loves playing with exciting meme coins and has been waiting for a new token with hype potential should definitely not miss the launch of Sponge V2. What began in May 2023 with the mushy token $SPONGE and a brilliant performance of 1,000% is now continued with the help of Sponge V2. Within a very short time, the memecoin managed to break through a market capitalization of 100 million US dollars – now the developers are speculating that the successor will be even more successful.

Overall, the developers have made some improvements in the ecosystem in order not only to attract new investors but also to score points compared to the Memecoin competition with real unique selling points:

Community Achievements: From nothing, $SPONGE was able to recruit over 30,000 active supporters who are now ready to help Sponge V2 gain the hype the token deserves right from the start.

Fun & Utility: In the Sponge V2 network, meme lovers will not only be provided with a high entertainment factor but also with real utility in the future. Users will soon be able to access an action-packed P2E game with valuable in-game credits – both for free and by using $SPONGEV2.

Staking Rewards: With Sponge V2, long-term token holders benefit from a staking mechanism that provides them with passive income in the form of new $SPONGEV2 tokens for up to four years – the minimum APY is 40%.

If you want to continue the success story of a hot meme coin, you shouldn’t miss the coin launch of the Sponge V2 token. With Stake-to-Bridge, investors enjoy absolute exclusivity, because only those who invest in $SPONGE and transfer the tokens directly to the new V2 staking pool will be rewarded with the attractive buy-and-stake bonus at the end – it’s worth being quick.

Buy Sponge V2 now cheaply

Cryptocurrency is an investment product with no significant volatility and regulation.

3rd Place: Bitcoin Minetrix

When it comes to undervalued cryptocurrencies, a detailed analysis of Bitcoin Minetrix should not be missing. The new crypto ecosystem combines a groundbreaking concept with a real use case and also impresses with an attractive entry price – curious investors should therefore pay close attention.

As the first decentralized platform of its kind, Bitcoin Minetrix combines sustainable crypto staking with complex Bitcoin cloud mining. The developers’ goal is to finally make mining new Bitcoins attractive, uncomplicated, and secure again using cloud mining. Recently, crypto fans have had to increasingly fear high subscription costs, fixed terms, and even mining scams.

In the Bitcoin Minetrix network, crypto users can now stake the in-house $BTCMTX token and thus flexibly build passive income. This is how it works:

• Step 1: Invest in Bitcoin Minetrix and hold tokens in your own wallet
• Step 2: Stake Bitcoin Minetrix and get non-tradable mining credits as a reward
• Step 3: Collect mining credits, burn them, and convert them into hash power
• Step 4: Use hash power for cloud mining via the dashboard and receive real Bitcoins

Staking Bitcoin Minetrix is ​​even possible during the pre-sale when purchasing via the Ethereum blockchain, meaning investors can benefit even more quickly from a source of passive income. 

Speaking of presales: You can currently buy Bitcoin Minetrix and benefit from an attractive purchase price of $0.011 during the presale. In a very short time, over $300,000 has already been sold – the motto is to be quick!

4th Place: Meme Kombat

Get into the meme coin game and finally benefit from real added value. This is what crypto users can now experience with Meme Kombat! The market is being conquered by a new battle arena that pits eleven different meme heroes against each other – from Pepe to Spongebob to Milady. Token holders can take part in exciting encounters, which are particularly varied thanks to AI, and actively support their loved ones.

Crypto users can now take part in various PvP, special, or even live bets and place bets on their favorite cult figure. The undervalued cryptocurrency is considered a (de)central linchpin in the ecosystem:

Stake Meme Kombat Tokens: Crypto fans can buy Meme Kombat and place them as a bet in the virtual battle arena. If you prefer to profit passively from the Meme project, you can use Meme Kombat as part of staking and support network stability.

Earn Meme Kombat Token: You can receive the native Meme Kombat Token as a reward in different ways. Not only are staking participants rewarded with an APY of up to 112%, but meme fans can also look forward to cash profits when they win battles. In the future, there will also be community rewards that particularly active members can receive.

Floki Inu, Baby Doge or Shiba Inu? No matter which dog memes crypto fans favor – from now on, Meme Kombat will feature epic battles with hype potential! 50% of the total 12 million $MK tokens will be issued in pre-sales to give every curious crypto enthusiast the chance to become part of the battle network right from the start. For a short time only, investors can take advantage of the presale at a preferential price of $1,667.

5th Place: eTukTuk

With eTukTuk, a crypto project is the first to focus on the topic of e-mobility in developing countries – in a successful combination with blockchain payment processing and an incentive system combined with staking rewards, which should lead to success. Over 270 million tuk-tuks powered by combustion engines in developing countries pollute the environment and residents with high levels of CO2 emissions, drivers are unable to invest in switching due to high costs, and there are no electric charging stations.

eTukTuk wants to change that:

An extensive network of e-charging stations is to be set up with regional partners (low initial investment); the marketing of the locally produced, proprietary eTukTuk with only 80 individual parts offers drivers an affordable alternative that is significantly cheaper to use.

Drivers can pay with $TUG directly via the driver app at charging stations in the network and save on fees thanks to peer-to-peer transactions.

Users purchase and stake $TUG tokens to participate in the network. The staking rewards are financed by a share in the sales generated in individual jurisdictions.

Overall, as many of the 270 million Tuk-Tuks as possible should be replaced by eTukTuks with the vision of saving up to 11 billion tons of CO2 emissions by 2050.

What benefits underpin $TUG as an undervalued cryptocurrency?

Low-cost transactions: eTukTuk relies on a Layer 2 solution on the Binance Smart Chain to leverage climate-friendly, low-centre transactions with high scalability.

A better world: Invest in cryptocurrencies and do something good for the world – $TUG is more than an undervalued cryptocurrency – it’s an opportunity to do something good for the environment and support people in developing countries with clean e-mobility.

Clear roadmap: The experienced, multidisciplinary project team has developed a detailed roadmap in 4 phases, which envisages testing the concept with POC in Sri Lanka and other test markets before expanding globally.

Proprietary technology: eTukTuk and the community of token holders retain full control over all sections or elements of the ecosystem to be built – with modern e-charging stations and their own, proprietary eTukTuk. This means the project can offer low electricity prices and gain market share.

With the $TUG token as the native payment method in the ecosystem, the following cycle exists:

1. Drivers pay $TUG for charging at EV charging stations in the network.
2. Users stake $TUG to secure the network and be rewarded with revenue share staking rewards.

Attention: The $TUK Coin Presale has already started! Interested investors should now consider investing quickly, because the presale is divided into several phases – with each additional phase there is an increase in the $TUK price. For early investors, this could result in a price increase of more than 30% in the presale – before the token is even listed on crypto exchanges. Buying $TUK is possible via BNB, USDT, and credit card.

Buy cheap eTukTuk now

Cryptocurrency is an investment product with no significant volatility and regulation.

6th Place: Green Bitcoin

An undervalued cryptocurrency that combines the best crypto narratives in a sophisticated concept: Green Bitcoin is an environmentally friendly Bitcoin that, as an ERC20 token on the Ethereum blockchain, is extremely energy-efficient with DeFi mechanics, staking rewards, and exciting gamification in prediction. to-earn feature and is still extremely cheaply valued in the ongoing Bitcoin bull run.

The concept: Holders of $GBTC can take part in a weekly betting round on the upcoming Bitcoin price development and, with a bit of luck, win big betting winnings to multiply their staking earnings. This gamification element extends the green cryptocurrency with GameFi dynamics through smart contracts and offers a cult and addictive factor that binds a loyal community.

Several Success Factors Speak for Green Bitcoin:

Attractive narrative: The project team skillfully presents the hype coin as a “better, green Bitcoin with staking rewards and high earning potential”, which is reminiscent of the unique opportunity as if you could “buy Bitcoin again for less than 1 USD” – which is something that more and more users in GBTC Coin Presale excited.

Best Timing: There couldn’t be a better time for this hype coin than in the current Bitcoin bull run, fueled by possible interest rate cuts, expected Bitcoin ETF approval, and the upcoming Bitcoin halving. This tailwind means an enormous upside.

Gamification & betting fun: With Green Bitcoin, token holders with trading knowledge can take part in a kind of crypto-specific casino with excitement – whoever can best predict the Bitcoin price can win huge profits here – even more like trading successfully with Bitcoin.

Environmentally friendly & sustainable: The mainstream media’s constant agitation that Bitcoin is environmentally harmful because it requires electricity is completely in vain with GBTC! Thanks to Ethereum consensus with proof-of-stake, GBTC only consumes 35 wH – as opposed to over 127,000,000 wH on the Bitcoin blockchain. GBTC lives up to every narrative!

The GBTC Coin Presale is now live and gaining momentum! Within a few hours, over $100,000 in capital had already been raised. It is worth acting quickly – in the first of 3 presales phases, at 1 GBTC = USD 0.018, there is an upside of over 220% up to the set listing price of USD 0.60. Buying GBTC is now possible with ETH, USDT, and credit card.

7th Place: 5th Scape

5th Scape’s $5SCAPE token represents a potentially undervalued cryptocurrency in the world of digital currencies. Given its current presale status, this token could be considered one of the undervalued cryptocurrencies that offer significant growth potential.

Here are some key points that underline this:

Current Presale Status: The $5SCAPE token is currently in the presale phase at a discounted price, making it a potentially undervalued cryptocurrency.

Potential for Value Increase: Due to 5th Scape’s unique features and innovative approach, the token’s value could increase significantly after the presale.

Emerging technology: The $5SCAPE token is closely linked to an advanced VR ecosystem, giving it long-term growth potential in a rapidly evolving market.

Early Investment Opportunity: For investors looking for undervalued cryptocurrencies, the $5SCAPE token offers an attractive opportunity to invest early in a promising project.

Limited pre-sale supply: The limited availability of the token during the pre-sale could lead to increased demand once the full ecosystem is activated.

Overall, 5th Scape’s $5SCAPE token offers a rare opportunity to invest in a potentially undervalued cryptocurrency that has the potential to grow in value once it reaches the broader market.

8th Place: Scorpion Casino

If you are looking for an undervalued cryptocurrency that will give you good interest, you can’t go wrong with SCORP – Scorpion Casino’s native cryptocurrency. It is an online gambling platform where you have access to 210 casino games such as slots, blackjack, roulette, and poker. Additionally, SCORP gives you access to 160 live games.

The sports betting section of the platform allows you to bet on all major events in various sports such as soccer, tennis, American football, horse racing, basketball, golf, boxing, and MMA. Because it is licensed by Curacao EGaming, Scorpion Casino is a fully regulated platform. Additionally, the platform partners with reputable and credible platforms such as BetRadar and CoinsPaid to provide an excellent user experience.

Here you can earn up to $10,000 worth of passive rewards by holding SCORP. The platform’s deflationary burn mechanism supports the long-term value of the token in the open market and protects it from general market volatility.

As one of the most promising projects of 2023, Scorpion Casino has the potential to provide early investors with generous returns towards the end of the year. The earlier you take part in the pre-sale, the higher the discount. If you want to get additional tokens during the presale, join the Elite Scorpion Members Club which offers you VIP service, cashback, additional staking rewards, and additional SCORP tokens.

9th Place: Launchpad XYZ

Launchpad XYZ is an emerging crypto project that aims to become the central Web3 portal for users. It aims to help users find products and platforms that match their interests and drive engagement. At the heart of the Launchpad XYZ ecosystem is the Launchpad XYZ Web3 wallet, which provides a simple and easy-to-use solution for crypto investors. To create a wallet, users simply need to provide a phone number or email address to sign up.

The Launchpad XYZ team has set an ambitious goal of attracting 10 million users to the platform. The Launchpad XYZ ecosystem is designed to solve a problem that many people experience in the Web3 market – it is a confusing sector. Launchpad XYZ aims to solve this problem by creating a curated platform that provides easy access to the best projects in the blockchain space. From NFTs to play-to-earn games, Launchpad XYZ will provide an unbiased look at the latest and greatest experiences that Web3 has to offer.

Four Key Pillars Form the Foundation of the Launchpad XYZ Ecosystem:

Launchpad XYZ Web3 Wallet: The Launchpad XYZ Web3 Wallet is the heart of the Launchpad XYZ ecosystem. It allows users to securely access their cryptocurrencies and supports various types of tokens and cryptocurrencies. The wallet is easy to use and only requires a phone number or email address to create an account.

Launchpad XYZ Invest: Launchpad XYZ Invest is a section of the platform that allows users to invest in selected crypto projects. Launchpad XYZ will review the projects in advance and evaluate their suitability for investors. Investors can then participate in the projects directly via the platform.

Launchpad XYZ Learn: Launchpad XYZ Learn is an educational platform specializing in imparting knowledge and skills in Web3 and crypto. It offers a variety of resources and training to help users develop a deep understanding of Web3 technology and its application.

Launchpad XYZ Marketplace: The Launchpad XYZ Marketplace is a marketplace that allows users to buy and sell products and services in the Web3 ecosystem. From NFTs to DeFi products, Launchpad XYZ Marketplace offers a wide range of opportunities for crypto enthusiasts and investors.

Furthermore, Launchpad XYZ aims to position itself as a bridge between Web2 and Web3. The platform is intended to serve as a gateway for mass adoption of Web3 for new participants. This could massively increase the value of the native LPX token.

Launchpad XYZ is expected to be the first choice for investors looking for a crypto project that has a sound business model. The project is aimed at a mega-market and will help make the Web3 sector more accessible and user-friendly for new users.

10th Place: Tamadoge

Tamadoge is a unique, entertaining play-to-earn game that combines the biggest crypto trends: NFT gaming, play-to-earn rewards, and a touch of meme coins with iconic Doge dogs as avatars are mixed into an exciting game hit.

As a player, you can mine and breed your own Doges as NFTs to compete against other players in the arena, explore and complete missions in the Tamaverse – the Tamadoge Metaverse – and play-to-earn with the native TAMA token. Rewards to be rewarded. Further earning opportunities arise from mining and breeding Doge NFTs, which can be sold to other users on the internal game DEX.

The native TAMA token offers multiple uses and therefore particularly high utility:

1. All in-game NFTs must be purchased or traded with TAMA tokens.
2. Play-to-earn rewards are paid out in TAMA tokens.
3. Pay for paid Metaverse experiences in TAMA tokens.

The project has pulled off an impressive ICO with more than $19 million raised and launched its exclusive Tamadoge NFT collection on OpenSea. The Tamaverse with a mobile app for iOS/Android will be launched in just a few months.

A passionate community of over 75,000 followers on Twitter and Instagram as well as more than 5,000 members in Tamadoge’s Discord channel testify to the high popularity of the game, which can go viral. Given all of these factors, we see huge upside potential for the TAMA token, so, at the current market price, it might make sense to consider buying the undervalued cryptocurrency.

11th Place: Lucky Block

Lucky Block is the first fully decentralized lottery on the blockchain. At Lucky Block, daily lottery draws take place, which are created by a blockchain-based Random Number Generator (RNG), so that all draws are documented as transactions on the blockchain for everyone to see transparently.

The concept of blockchain-based, decentralized lottery drawing offers four clear advantages :

1. Freedom from censorship and 100% trustworthiness by eliminating a central authority
2. Higher payout rate thanks to the efficient, staff-free operation of the platform
3. Complete transparency of transactions and RNG through blockchain
4. Integration of NFTs for additional benefits and incentive mechanisms for players

With the native LBLOCK token, you can place your bet and, with a bit of luck, receive attractive payouts. As the owner of a Lucky Block NFT, you can also take part in the draw for other attractive rewards such as Bitcoin payouts or even a real Lambo.

Lucky Block launched a few months ago and has already attracted over 50,000 lottery players. The introduction of the Lucky Block High Roller Premium NFT, whose holders benefit from automatic participation in every daily lottery draw and thus maximum chances of winning, was particularly well received.

According to the website, Lucky Block’s smart contracts have been checked and audited by blockchain auditor SolidProof; over 50,000 active players and more than 100,000 followers on social media networks show that the blockchain lottery platform is well received. Due to the bear trend of the last few months and the constantly increasing number of competitions at Lucky Block, we currently see the LBLOCK token as a significantly undervalued token.

12th Place: MANA

MANA is the native token of Decentraland, the leading decentralized metaverse on the Ethereum blockchain. Decentraland has now attracted over 1 million registered users and well-known celebrities and brands such as Coca-Cola, Estée Lauder, Dolce & Gabbana, rapper Snoop Dogg, and Paris Hilton.

As a native token, the MANA token offers high utility and the following uses:

• Trade all in-metaverse items as NFTs with MANA tokens
• Purchasing Metaverse properties is only possible with MANA
• Consuming and earning from virtual experiences in MANA

In addition to high utility, the MANA token also offers deflationary character with a maximum issue amount of 2.81 billion MANA. Currently almost 85-90% below its previous all-time high, now could be a good time if you want to buy this undervalued cryptocurrency.

13th Place: TRON

Tron is a leading Layer 1 blockchain founded in 2017 by Justin Sun. Tron was already considered a potential Ethereum killer in 2018 and has since remained among the best-known Layer 1 blockchain in terms of developer activity and a number of dApps hosted. Although Tron has faded somewhat in the 2021 bull market compared to competitors such as Solana, Avalanche, and Algorand, adoption has continued to rise throughout.

The native token Tron (TRX) is used to pay gas fees for transaction execution and processing. A maximum issue amount of 100 billion TRX is intended to ensure a stable price value.

The constant development and increase in adoption as well as the lack of attention that TRX has received in recent months mean that TRX could now be added to your portfolio as an undervalued coin.

14th Place: Polygon

Polygon is a leading Layer 2 blockchain designed to scale the Ethereum blockchain to avoid high transaction fees and long processing times. Thanks to its high transaction throughput (Transactions per Second, TPS) and minimal transaction fees (0.01-0.05 €), Polygon has become the leading scaling solution for Ethereum, as a top 20 coin. The Polygon blockchain is becoming increasingly popular, especially in the areas of gaming, NFTs, and DeFi.

The native token MATIC is used to execute transactions on the blockchain (gas fees). A maximum issue amount of 10 billion MATIC (like Tron) prevents inflationary monetary policy. With a current price over 75% below its previous all-time high, MATIC is definitely an undervalued cryptocurrency in 2022.

15th Place: Dogecoin

Dogecoin, the mother of all meme coins, is a cryptocurrency created in 2014 as a joke on the Ethereum blockchain (ERC-20 token). Inspired by the iconic Doge memes, Dogecoin (DOGE) is primarily used as a payment coin to pay influencers and content creators on social media networks. Long ignored, the Dogecoin price rose meteorically when Elon Musk first described DOGE as his “most popular cryptocurrency” on Twitter in 2019.

With many sensational pumps by Doge’s father Elon Musk and his tweets, Dogecoin has become world famous. There are increasing rumors that Musk wants to accept DOGE as a payment method on Twitter and other of his companies, which could give the token even more utility.

More than 80% away from its all-time high, DOGE can certainly be viewed as an undervalued cryptocurrency at this point.

How Can You Tell that a Coin Might be Undervalued?

Before you can buy undervalued cryptocurrencies, you must first realize that the corresponding coin or token can be bought at such an advantageous price. What does “undervalued” even mean? A coin is undervalued if the current market price or value is below the “actual” or “true value” of a unit of the cryptocurrency.

We can of course see the current market price at any time on a coin tracker such as Coinmarketcap or Coingecko, or it is also displayed on the exchange. That is why all efforts focus on determining the actual or true value of a unit of cryptocurrency.  

The “True Value” Of A Cryptocurrency

The true value of a cryptocurrency depends on several factors :

Benefit or utility: What functions or advantages does the token offer? What can you do with the coin? For example, if a token, like ETH or SOL, is used to carry out transactions in a growing network, then this benefit increases the more popular the network becomes.

Network Effects: Crypto gurus like Raoul Pal constantly emphasize the importance of the “network effects” of a blockchain project, especially for Layer 1 chains. According to Metcalfe’s Law, there is an exponential increase in the value of a network with each new member (node) that joins; that is the network effect. Every new member, every new dApp within a network increases the value exponentially.

Growth rate: Associated with network effects is the aspect of the growth rate at which the ecosystem of a crypto project grows; accordingly, the true value of this network’s native token also increases. The growth rate can be viewed using several KPIs including the number of wallets, number of daily transactions, the number of daily active users, and number of dApps hosted.

Issue quantity: The true value of a unit of a token also depends on the total number of all units issued. With fiat currencies, the unlimited issuance quantity leads to high inflation, which is why many cryptocurrencies provide a maximum issuance quantity. In some cases, there are even deflationary cryptocurrencies, which continually become more valuable as the amount of currency units in circulation is reduced.

Typical Characteristics of an Undervalued Cryptocurrency

According to the factors discussed in the last section, there are some typical signs or circumstances in which one can identify an undervalued cryptocurrency. The following signs or characteristics clearly indicate such a case:

Exponential Growth Rate

When a crypto project records an exponential growth rate in users, this soon leads to skyrocketing demand for the cryptocurrency. If you recognize the growth early, you can buy an undervalued cryptocurrency, which could quickly rise enormously in price.

Well-Known Partnerships and Alliances

A cryptocurrency thrives on viral marketing and adoption. If a crypto project can attract a well-known supporter for its coin, the value has already increased enormously. Again, there is a time window until the market recognizes that anyone who acts quickly can benefit enormously. Such was the case after Elon Musk announced his enthusiasm for Dogecoin.

Well Below the All-Time High

Technical analysts know that with a positive narrative and development, a cryptocurrency can relatively easily catch up to its all-time high. If a cryptocurrency is around 70-90% below its previous all-time high, this is an indication of severe undervaluation – although one should not ignore the circumstances of the all-time high.

Massive Adoption by Developers

Developer activity is probably the biggest leading indicator of the adoption and growth of a crypto project (and therefore the token). The more developers create dApps in this ecosystem, the more reasons there are for users to flock here and, as a result, they will soon demand the token. If you notice a rapid increase in developer activity, you should do more research and possibly buy the undervalued cryptocurrency.

Change to Deflationary Monetary Policy

Token holders can vote on and adopt so-called improvement proposals (IPs), for example in the form of a DAO; For example, Ethereum has adopted such an IP and thus decided to switch to a deflationary monetary policy. If the current market price does not yet reflect that every currency unit is now becoming more valuable and rare, you should quickly add the undervalued coin to your portfolio.

Unification of Crypto Trends

Viral marketing for a crypto project works optimally when you can combine several crypto trends or “narratives” at the right time; In this case, you can surf the “viral hype wave” and experience an enormous price increase. Well-thought-out crypto projects with perfect timing, such as Tamadoge, could represent the best undervalued token just shortly after launch.

Shortly After Ico/Pre-Launch

Crypto tokens that have just completed their ICO or pre-sale have usually not yet been discovered by enough investors. As a result, their true potential is often unrecognized; here you can get in cheaply before the general market becomes aware of the project and catapults the price upwards.

Example of an Undervalued Cryptocurrency: Solana

Layer-1 blockchain and dApp platform Solana’s native token SOL was issued on March 24, 2020, at a price of $0.22. At dAppRadar you could see that by the end of March 20, by the end of June 2020, 145 and by the end of 2020 as many as 590 dApps were hosted on the blockchain. 

However, the SOL price has only increased slightly, reaching USD 0.853 at the end of June 2020 and USD 1.53 at the end of December 2020. Here you could see a heavily undervalued cryptocurrency.

Unsurprisingly, the SOL price literally exploded in Q1 and Q2 2021. At the end of April 2021, the Solana price was already at USD 41; The number of hosted dApps continued to rise, with SOL breaking the $100 mark for the first time in August. Anyone who recognized the growth of dApps and acted quickly was able to record enormous price increases.  

Example of an Undervalued Cryptocurrency: Dogecoin

On July 17, 2020, Elon Musk mentioned Dogecoin on Twitter by posting a Dogecoin meme and calling the replacement of fiat currencies with cryptocurrency “inevitable.” At that time the DOGE price was 0.0037 USD; The price barely moved at first, as the market did not recognize the potential that Elon Musk’s backing created.

Anyone who recognized DOGECOIN as an undervalued cryptocurrency and invested in it benefited enormously. By its high on May 6, 2021 (hardly 10 months later), the DOGE price had increased by over 20,000% to over USD 0.65!

Buy Undervalued Cryptocurrencies – This is how You Can Buy SMOG in the Presale

As an undervalued cryptocurrency, the SMOG token currently has massive upside potential because it can boast its hold-to-earn principle and cooperation with partner airdrops in the booming Solana ecosystem.

In the following guide, we explain how crypto fans can invest in $SMOG in just a few minutes and what steps they should pay attention to.

Step 1: Create a crypto wallet

In order to buy, store, and stake SMOG tokens, you need a personal crypto wallet. Crypto fans can use Phantom Wallet or the Solflare Wallet.

If you don’t have your own wallet yet, it’s best to use the Phantom Wallet, because this wallet can be created in no time. Crypto users visit the Phantom Wallet homepage, download the software, and then install it as an extension in Google Chrome, Firefox, or Edge – done.

Step 2: Connect the crypto wallet

To take part in the SMOG token presale, crypto users go to the project’s homepage – the presale of the token is also carried out there. Here you click on the “ BUY SMOG ” button to go to Birdesye, where you then click on “ Connect Wallet ” and follow the instructions to save your personal crypto wallet as a link.

Step 3: Buy SMOG

The transaction itself is carried out using the order form that can be found on the homepage. Here crypto users choose whether they want to exchange USDT, SOL, or BONK for $SMOG tokens.

Before making the purchase with a minimum value of 10 US dollars, you should check whether your personal wallet has the balance for both the purchase and the applicable gas fees.

Step 4: Claim SMOG

Lastly, crypto users must claim their SMOG tokens once the presale is complete. You go to the homepage again and click on “Claim” – now investors can freely participate in the upside potential of an undervalued cryptocurrency!

When is the Best Time to Buy an Undervalued Coin?

We have already discussed the characteristics that identify an undervalued cryptocurrency. The occurrence of one or more of these factors indicates the best time to buy the undervalued cryptocurrency.

Nevertheless, based on the time factor alone, you can identify very good time windows when an investment probably makes more sense:

General Bear Market, Promising Coin

Once you have identified a promising coin, an investment makes sense, especially in a general bear market. You have to overcome your fears and internalize the following: Profits are fixed in the bear market and realized in the bull market. As long as the project fits, market sentiment is less important.

You will usually only buy undervalued cryptocurrencies in a bear market! After all, in a bull market, everyone buys, so prices soon become overvalued. Here it makes sense to check how far the price is from the all-time high.

Massive Price Collapse After Liquidations or FUD

Even in a bull market, there is an opportunity to buy an undervalued coin. Usually when a massive price drop has just occurred – for example due to negative headlines (keyword FUD – Fear, Uncertainty, Doubt) or due to a cascade of liquidations in leverage trading. These can happen every few weeks, but buying with a short-term horizon can make sense.

Pre-Sale or Shortly After

The best time to buy undervalued cryptocurrencies is undoubtedly the pre-sale or ICO (or shortly after). As part of a pre-sale, the project team gives a group of early-stage investors the exclusive opportunity to buy the project’s tokens at a discounted price below the official issue price – the aim is to drum up advertising for the project and early supporters to reward.

You can also buy an undervalued cryptocurrency directly during the ICO – the official start of sales of the coin – or shortly afterward. The project is still young and most crypto investors don’t know about it yet. After the ICO, the project team starts marketing campaigns so that more investors become aware of the coin and the price can soon rise sharply.

One of the most promising presales of the year is that of the stake-2-mine token SMOG. Investors should not miss this hot phase of the ICO because, for a short time, only $BTCMTX is available starting at a price of 0.011 US dollars.

What fees should you pay attention to when buying undervalued coins?

Even when buying undervalued cryptocurrencies, you have to pay attention to the amount of costs and fees. Although the amount of the final return depends primarily on choosing the right undervalued cryptocurrency and the right entry price (at the right time), the costs and fees can painfully reduce the return – so be careful.  

As an investor, you have to pay attention to the following fees if you want to buy undervalued cryptocurrencies:

Deposit Fees: Depositing to the crypto exchange may involve costs; Credit or debit cards in particular, as well as PayPal, often have fees of 1-2%.

Transaction fees: Brokers and exchanges charge fees for processing crypto transactions, which they use to finance their services. There can be big differences between providers, so it’s worth comparing.

Gas fees: If you choose to purchase from a decentralized exchange (DEX), you have to pay gas fees for processing the on-chain transaction with every trade. These can vary greatly depending on the chain and time. It is better not to choose Ethereum and wait for the weekend – the fees are usually lower here.

Ultimately, however, the costs and fees are more of a side effect; if you choose the right cryptocurrency and a good time to start, you can make high profits. In general, it is recommended to use a crypto exchange with low fees, such as OKX.

5 Investment Tips for a Successful Investment in Undervalued Cryptocurrencies

It’s not enough to just look at the valuation of a coin; you shouldn’t forget the basics and laws of successful investing:

Cost averaging: Buying an undervalued cryptocurrency always makes sense – but it’s better to buy several times with smaller amounts than to buy too much at once! The price could fall even lower, so you can ensure that you get started very cheaply on average.

Diversify risk: “All in” – in the casino as well as with crypto, this is the wrong approach! Never put all your eggs in one basket, but invest in several cheap cryptocurrencies; This way you can reduce your risk and participate in the rises in different currencies.

Take Profit: Once you have achieved high returns, you should realize them! Feel free to sell some of the coins at a profit. Nobody has ever regretted converting their theoretical profits into realized profits.

Secure wallets: You should definitely store large amounts of crypto tokens, including undervalued coins, in a secure crypto wallet. Larger amounts must be stored in a hardware wallet.

Pay attention to the time horizon: As an investor, you should use a clear trading strategy. If you want to buy undervalued cryptocurrencies, you would do well to have a longer-term time horizon. Investing instead of trading is the motto – because numerous weeks or even months could pass before the higher, true value is realized.

Is the Bear Market Priced for Undervalued Cryptocurrencies?

Let’s not beat around the bush: we are in a bear market, and crypto prices have plummeted. However, negative market sentiment also means plenty of opportunities – most cryptocurrencies are currently undervalued and well below their previous all-time highs. Of course, it was the macro factors – fear of recession, interest rate increases, and the energy crisis – that led to this. 

The bear market is actually priced in for undervalued cryptocurrencies. That means: We have probably already reached the lowest point,  and we have been oscillating unspectacularly sideways since May. Currently is generally a pretty good time to invest in cryptocurrencies. Even in a bear market, certain crypto projects can achieve great returns – as long as they gain traction with the right marketing measures and a well-thought-out project. 

Although prices can also fall for undervalued cryptocurrencies in a bear market, an exciting pattern emerges with most presale coins: after the official stock market launch, it is not uncommon for above-average price explosions to occur. 

That’s precisely why it’s worth taking a look at the SMOG token, where as an early investor you can now qualify for particularly high airdrop rewards in the presale. In less than 72 hours, more than 2,000 community members were gained, which once again underlines the enormous demand for the token.

Advantages and Disadvantages of Investing in Undervalued Tokens

Investing in undervalued cryptocurrencies almost only has advantages, but there are also certain downsides to consider:

Advantages

• High return opportunities when the “true value” is realized
• All trading strategies are promising when undervalued
• Pre-sales and ICOs as a definite undervaluation of great projects

Disadvantages

• Difficulty in evaluating crypto projects
• Fundamental events could change undervaluation
• Impossibility to take into account all relevant information

Conclusion

Only those who can recognize the difference between the current market price and the “real value” of the token can buy undervalued cryptocurrencies. This is supported by strong network effects, a high growth rate of users, and developer activity that gallops ahead of the price increase. During a bear market, you tend to find more undervalued cryptocurrencies than when market sentiment is more bullish.

Perhaps the most important criterion, however, is timing. To buy undervalued cryptocurrencies, you have to be ahead of the market and the adoption of the project. The highest probability of buying an undervalued coin is if you buy it during or shortly after the pre-sales or ICO when the project is not yet known to a large number of investors.

The SMOG Memecoin in particular is currently being traded as a hot candidate for the next top performer on the crypto market. Anyone who wants to invest in these undervalued cryptocurrencies very early in the presale can qualify for particularly high airdrops from SMOG and other Solana projects – a closer look could be worth it.