FX.co ★ Top 6 undervalued cryptocurrencies

Ripple (XRP)

Ripple is the native token of the eponymous digital payment network. The cryptocurrency’s market cap was $29.8 billion in February 2022, with 1 XRP trading at $0.62. In 2018, Ripple hit a historical high of $3.4 but lost 29% afterwards. The token has high upside potential, analysts note.

Uniswap

Uniswap is one of the leading decentralized exchanges, which was launched in 2018. Its token, UNI, was trading at $11.05 in February 2022. The cryptocurrency’s market cap is around $6.9 billion. The altcoin peaked in May 2021, reaching $44.9 before retreating afterwards. UNI has continued to grow steadily since then.

The Graph

The Graph is a decentralized protocol for collecting data from various blockchain networks. Developers of decentralized apps can use it for gathering data from different data flows. Its native token, GRT, was trading at $0.433 in February 2022 and had a market cap of $2 billion. In February 2021, the altcoin reached its all-time high of $2.8. The token can potentially hit new highs in the future.

AAVE

AAVE, the token of the eponymous decentralized lending system, traded at $160.31 in February. Its market cap was near $2.1 billion. The altcoin lost 42% in January, but recovered its losses afterwards. Earlier, AAVE surpassed $661.6 in May 2021. The token has excellent upside potential, analysts say.

Compound

In late winter of 2022, 1 Compound token (COMP) was valued at $125.68. Its market cap reached $821 million. In January 2022, the digital asset lost 42% but then quickly recovered. COMP hit its record high of $910.5 in May 2021. Compound is a decentralized crypto lending platform with huge potential. Its users can get loans in COMP or receive rewards in tokens from its developers.

Loopring

Loopring is a token of a decentralized exchange protocol of the same name. It traded at $0.93 in February 2022 and had a market capitalization of $1.2 billion. The altcoin decreased by 54% in January 2022 but rallied and regained ground. The cryptocurrency peaked at $3.7 in November and can rise even further.