April 24, 2024

Three most undervalued cryptocurrencies: Solana, Avalanche, Polkadot

Three most undervalued cryptocurrencies: Solana, Avalanche, Polkadot

Which altcoins can show the greatest growth in the short term, writes RBC Crypto.

Now onThe cryptocurrency market has three undervalued tokens that have the potential for growth, says Viktor Pershikov, a leading analyst at 8848 Invest.

Solana - Currently with technologyFrom a point of view, this blockchain platform is significantly faster than its main competitors, such as Ethereum, in terms of transaction processing speed, and is the most profitable solution for decentralized applications (dApps). Pershikov noted a significant increase in development based on Solana as a blockchain network, which indicates high demand from the community for this solution. This year, the analyst expects the price of SOL to recover to $200 (an increase of 108% from current levels).

Avalanche - the product is distinguished by its high qualitymarketing program, business model and the fact that this is currently one of the best platforms for smart contracts in terms of scaling, the expert is sure. Pershikov predicted an increase in the price of the token to $120 by the end of this year (an 82% increase in price).

Polkadot - growth in the number of parachains created byPolkadot is a significant fundamental factor supporting the rate of the DOT token and making this project in some sense unique from the point of view of a blockchain solution. The analyst believes that the token rate could rise to $40 this year (an increase of 122%).

The opinions of experts may not coincide with the positioneditions. We do not give investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Three most undervalued cryptocurrencies: Solana, Avalanche, Polkadot

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