4 Undervalued Crypto to Buy Now That Could Provide Huge Gains

The crypto market moves fast, but it's moving faster than ever this week. While Bitcoin holds tight above $100,000, altcoin prices are exploding.

Crypto prices have risen rapidly this week, especially in the altcoin market. While Bitcoin is holding above the $100,000 mark, several altcoins have seen triple-digit gains.

The large-cap crypto market has seen some impressive gains, with Ethereum, Solana, and Dogecoin all surging by over 100% in the last 30 days. However, even smaller market capitalisation cryptos are providing huge gains, with some projects like BTC Bull Token and Solaxy already up over 5x in the same period.

According to CoinMarketCap data, the total crypto market cap has jumped by over $500 billion in the last 30 days. This surge in market cap is a clear indication of the market-wide interest in crypto.

As the market continues to recover, several undervalued cryptos could provide substantial gains for investors in the months ahead.

4 Best Crypto to Buy Now That Are Undervalued

Here are four of the best crypto to buy now that are undervalued and have the potential for gains of 5x or more:

1. BTC Bull Token (BTCBT)

BTC Bull Token is a Bitcoin-themed meme coin that pays its holders real Bitcoin rewards. The project tracks Bitcoin’s price and runs airdrops at key milestones.

The first airdrop is planned for $100K, followed by $150K, $200K, $250K, and so on. These airdrops will continue until Bitcoin hits $1 million, allowing meme coin investors to benefit from $BTC’s long-term growth without having to purchase it directly.

BTC Bull Token is currently in the presale stage and has already raised $5.7 million from investors. The project’s early stage means that investors still have the opportunity to buy $BTCBULL cheaply, which could lead to strong gains in the months ahead.

2. Solaxy (SXY)

Solaxy is building the world’s first Solana layer 2 blockchain, which offers faster transaction speeds and lower fees than Solana. The project also uses transaction bundling technology and off-chain computation to process transactions at a higher speed.

Solaxy is also planning to launch a range of DeFi products, including a decentralised exchange, lending and borrowing platform, and derivatives products. The project’s goal is to create a complete and integrated DeFi ecosystem that meets the needs of all types of users.

Solaxy is currently in the presale stage and has already raised $35 million, making it the biggest Solana presale in history. The project is expected to be listed on major exchanges in early 2024.

3. Dogwifhat (WIF)

Dogwifhat is a meme coin that is built on the Solana blockchain. The project is still relatively new, but it has already gained a following among meme coin investors.

$WIF is one of the best-performing cryptocurrencies among the top 100 projects by market cap, having risen by 71% this week. It is also one of the most discussed cryptocurrencies on social media.

Dogwifhat is currently trading at around $0.3, and its small market cap of $1 billion leaves room for around a 4x gain to catch its ATH. And considering that momentum is on its side, there’s every chance that it does surge toward its ATH in the coming months.

4. Deepbook Protocol (DIB)

Deepbook Protocol is a decentralised exchange and liquidity layer for the Sui ecosystem. The project is supported by Phantom wallet, which means that millions of Solana users can easily enter the Sui ecosystem.

Deepbook Protocol handles liquidity provision for ecosystem applications, leaving them to focus all their efforts on creating a better user experience. This makes Deepbook Protocol a crucial piece inside the Sui ecosystem and means its price rise will likely rise alongside the network’s adoption.

Overall, these four undervalued cryptos have the potential to provide substantial gains for investors in the months ahead.

The post 4 Undervalued Cryptos To Buy Now For 5x Gains appeared first on Benzinga.