The cryptocurrency market is going through tough times amid tensions in the middle line. However, this is not the first challenge the market has faced. Some analysts and experts see these periods as buying opportunities. However, investing in times like these is not easy at all. So, crypto expert Stu L from the Altcoinbuzz team points out some tokens that are undervalued compared to what they offer for customers. In this context, the expert shares 3 altcoins.
First ranked altcoin: Secret Network (SCRT)
Secret Network is one of crypto’s privacy pioneers. Government intervention and/or the increasing involvement of giant centralized database companies in our daily lives is not something we should focus on. These things are happening. However, this second point will become more important in the future. Governments are very hostile to privacy projects. The reason for this is clear.
But governments are more likely to work with a privacy project that is not all-or-nothing. Completely private or not private at all. And in the real world, privacy is more of a sliding scale. It’s vital to keep some things private. Other things are less important. Confidential conversations in this area are also changing. Decentralized Confidential Computing (DeCC) comes into play. With DeCC, you control your data. You decide how much you want to be available, to whom, and when. This is what should happen.
And most of us will use it to protect our most sensitive data. However, we will keep the rest of our on-chain data public. Secret Network also offers its privacy as a service to help other applications and protocols customize some of their on-chain activities. Therefore, it is quite surprising why the market value of such a leading project is so low. The altcoin market cap is only $110.8 million. As the leader of such an important, hot, high-profile narrative, you’d think Secret would be worth at least $1 or $2 billion. But it is not like that. A 10x return on investment will get you there in this project, which we see as lower risk than many other projects with 10x potential.
In second place is Sui Network (SUI)!
There are a lot of great things happening in Sui. They are becoming a home for some quality airdrops. They make some great products. Moreover, they have made many service upgrades that the market has largely ignored. And that’s a good thing. This is an opportunity for us. Sui recently made some big announcements at its Basecamp event:
Since the bear market left town and the bull is back, just a few Tier 1s are making big waves with huge returns on investment. And you know who we mean. Solana for meme coins. Avalanche for subnets. Many other Layer 1s have respectable, if more modest, returns in the current market. SUI has returned a nice 27% in the last 3 months and 10% since the maim-net launch in May. However, those who bought altcoin price drops have already quadrupled their money.
Bitcoin and other Tier-1s are doing slightly better in the market. Still, there is so much good going on at Sui that we see its value catching up to the quality offerings they have. Remember, being ignored like this when fundamentals are strong provides one of the rare market opportunities. Because we see the real value here, we can avoid the hype and traders. And with a market cap of just over $1.5 billion, Sui is a bargain.
Last ranked altcoin: Toncoin (TON)
It’s a bit ridiculous that a project that is in the top 10 among thousands of existing altcoin projects is undervalued! But it is. How else can you explain why a platform with 900 million monthly active users owns a coin worth $21.9 billion? Did you guess who we are talking about? Telegram and Toncoin. There is no crypto project in the world with as many potential embedded customers as Toncoin. Telegram is already a home for crypto projects to talk in groups. It also hosts free and paid trading and advice groups. As well as trading bots such as Unibot or Banana Gun.
Another area where TON wants to lead is digital identity. Earlier this week, they launched a “voluntary proof of personality” program for TON developers. If they can create a successful product that is decentralized and on the TON Blockchain, they can earn up to 1 million TON. TON is one of the few blockchains with enough clout and developer interest to implement such a program. Getting existing Telegram users to try out a TON Blockchain project will be much easier than moving the average person from legacy systems to more decentralized ones.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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