The Bear trend of the market is something most people want to avoid.
But of course, this depends on various market variables and the projects the crypto is undertaking.
You might have noticed that every day, many new coins are hitting the market, giving you a plethora of options at your fingertips to invest.
But this doesn’t mean you can invest in any coin that makes a grand entry and appears bullish.
Well, only the wise survive in the cryptocurrency world and if you want to become one, you must invest carefully in coins that have the potential to raise the bar.
Today, we’ll list and discuss the best shitcoin to buy now and the most undervalued crypto coins you can invest in in 2022.
How to Value Potential Coins
Understanding the potential of coins isn’t simple. You can’t just see an upward trend and conclude a particular coin is going to break the market high.
If you do this, it is foolish and might end up incurring massive losses.
Hence, we need a proper criterion, based on which we can identify coins that have the potential to grow. So, what are the criteria?
- Legitimacy of the team behind the coin.
- Purpose of the token/coin.
- At least a year old.
- Undergoing and future projects and partnerships.
- Activity of the community
Best Shitcoin to Buy Now & Most Undervalued Crypto to Invest In 2022
Here, the term “Shitcoin” refers to the coins present in the list, but you probably should not use that term.
This is because the use of the term “Shitcoin” is really only based on the perception only Bitcoin (BTC) and Ethereum (ETH) are worth holding.
Now, let’s list and learn about the best shitcoins to buy now with massive potential for investment.
Basic Attention Token (BAT)
What is the BAT token?
It is an Ethereum-based token that powers the blockchain-based digital advertising platform of the Brave Browser.
Founded by Brendan Eich, the co-founder of Mozilla and Firefox. The potential of the token is clear from the performance of the Brave Browser in the market.
The Browser offers a flawless surfing experience to users and offers exciting features to become a people’s favorite.
With a user base of over 25 million, the Brave Browser is setting new highs. The team behind the BAT token is professional and believes in feedback growth.
They have an active community and weigh feedback to improve the token.
Cardano aka ADA is a blockchain platform to become one of the best decentralized applications.
It runs on the proof-of-stake Ouroboros consensus protocol and is built in five stages. Founded by Charles Hoskinson, the co-founder of the blockchain platform Ethereum.
With the primary function of identity management and traceability, Cardano has grown substantially over the past few years.
It has over 100 undergoing and future projects. The community is also active.
What is Polygon?
It is a layer two- Ethereum-based framework and protocol that aims to solve the scalability issues on the Ethereum network and its compatibles.
Originally launched as a MATIC network, the Polygon crypto hit the market in 2017.
The Polygon focuses on solving the user experiences, throughput, governance issues of Ethereum.
The co-founder Sandeep Nailwal, recently included developers; Hudson Jameson, Ryan Sean Adams, Anthony Sassano and John Lyric as a part of a new strategy.
You can use the SDK, which is an extensible framework, to build Ethereum compatible networks.
There are many uses of the MATIC token in the polygon ecosystem like staking, maintaining governance by voting on Polygon Improvement Proposals and paying transaction fees.
What is Synthetix?
Synthetix is a software that allows users to mint crypto assets and gives exposure to real-world assets, stocks, and commodities.
The SNX token gets used to provide collateral against Synths that are issued.
You can purchase the SNX cryptocurrency, which gets locked in a special contract, which allows you to collateralize an asset on Synthetix.
Synthetix has many uses, like tracking prices of various assets and stake the SNX token to generate new synths. This means you can gain exposure to gains and losses in distinct markets.
Founded by the current CEO Kain Warwick, the Synthetix projects are one of the biggest DeFi networks, with over $180 million worth of SNX tokens.
The team behind Synthetix works smartly by conducting constant experiments with the reward model. Here, participants and liquidity providers are getting rewarded with various SNX tokens and rewards.
The good news is that experiments are attracting more participants, so the popularity and usage of the token is increasing. This model also helps the active participants become stakeholders and, hence, provides rewarding inputs.
The Holochain aka HOT token is a peer-to-peer hosting platform for the hApps (Holochain applications).
You can also define it as a decentralized application development platform that provides a suitable platform without scalability issues.
How does it work?
You can host the hApps on your personal computer and receive the HOT tokens in return.
Forget about APIs because Holochain has the language compatibility that gives you access to the capabilities of various internet applications.
What are the uses of the HOT token?
Well, Holochain has many uses, but the primary one is the sustainable flow of technology and distribution of secure application servers.
You can use it to create a better network of blockchains where every information gets encrypted.
The best feature of using Holochain is that it allows you to control the parameters of your choice to customize the experience.
You can use the holo coins to transfer international funds and as a method of payment on various e-commerce platforms.
The Holochain lets you decide how your information gets shared, and hence don’t worry about the way your information gets used.
The projects are of top quality and popular in the crypto market, with the community consistently pushing its growth.
Ravecoin allows you to issue a token easily and quickly.
It is a blockchain that is based on the infrastructure of the fork of Bitcoin.
The consensus mechanism, and the security it provides, give it the potential to skyrocket.
Launched in 2018 by the business executive Bruce Fenton and developer Tron Black, it helps in handling the efficient creation and transfer of assets from one party to another.
Ravecoin serves two purposes. The first is it helps to determine the ownership of assets. And the second purpose is, it aims to make direct payments possible.
Two faces of RVN
All the rave of the Ravecoin goes back to Bruce Fenton, a finance sector expert who, along with the master developer Tron Black who works for a subsidiary of Overstock.com, launched it in 2018.
This is the list of all the undervalued shitcoins with massive potential for growth. But there are two more coins that are worth mentioning.
These mighty players have established a massive impact on the market and bagged millions of investors, including some of the largest companies in the world.
Okay, you might already know about Ethereum or at least heard about it from your investor friends.
So, what is Ethereum?
Well, it’s definitely not a shitcoin – but it is undervalued.
It is the second most popular cryptocurrency after Bitcoin.
Ethereum is a decentralized computing network built on blockchain technology.
How can you use Ethereum?
When people mine or solve complex mathematical problems that confirm each transaction on the network, they get rewarded with Ethereum tokens.
You can use it for various purposes.
For instance, you can invest in the token and expect healthy returns, buy and sell goods, build applications that can store personal information, and handle financial transactions.
Developers who deploy smart contracts on Ethereum get rewarded from the ecosystem of developer tooling.
Co-Founded by Vitaly Dmitriyevich, a Russian-Canadian programmer and writer.
Ethereum is to rise 20% of its current value (at the time of writing at the end of 2021), which is clear with the coming launch of ETH 2.0.
Bitcoin is the mightiest cryptocurrency in the world.
With skyrocketing growth, bitcoin sits comfortably at the top of the crypto market.
Created in 2009, bitcoin is a decentralized digital currency that offers lower transaction fees and gets operated by a decentralized authority.
It is a digital currency, meaning there are no physical coins, and every transaction made using bitcoins gets stored on a public ledger that is accessible to all.
How does Bitcoin work?
Well, it is nothing but a system of computers that runs the bitcoin code and stores its blockchain.
Bitcoin uses a peer-peer technology to facilitate instant payments.
The miners that enforce the credibility of the network get rewarded with release of new bitcoins.
Bitcoin has seen substantial growth since its launch, giving gigantic returns to early investors.
What makes bitcoin exciting is the mystery of its creator. No one actually knows who created bitcoin.
All the internet knows about the creator is a person/group named Satoshi Nakamoto reused the original Bitcoin white paper in 2008.
How can you use Bitcoins?
You can use Bitcoins as a mode of payment on various e-commerce platforms.
In fact, many tech giants and companies around the world have started to accept payments as bitcoins instead of fiat currency.
The best part of using bitcoin is that you can make transactions even if you don’t have a bank account.
Well, you can say BTC is the heart of the cryptocurrency industry. With over 668 million bitcoin transactions and 100,000 Bitcoin millionaires in the world, the coin has a healthy future.
Here are some exciting facts about Bitcoin:
- – A maximum of 21 million bitcoins will be produced.
- – The last Bitcoin will get mined in 2140.
- – You can divide a bitcoin into 100 million parts, known as a Satoshi.
- – If 10% of the world’s investable cash goes into Bitcoin, that is $40 trillion.
- – If 20% of the world’s cash goes into Bitcoin, that is $80 trillion.
Top-Rated Crypto Exchanges
These crypto exchanges have been voted as the best consistently in user ratings across various websites.
First we collated the user review data, then we performed our own tests to ensure 100% legitimacy of the exchanges.
These are by far the best services on the market today, and we continue to use them ourselves.
List of Best Shitcoins: Conclusion
There you have it. Now, you know all the most undervalued coins of 2022. There is no guessing game involved in identifying the coins that are worth investing in.
You need to understand a coin’s history, the project it is undertaking, the community that is supporting it, and the managing team to make a calculated decision before investing your hard-earned money.