April 1, 2023

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

Solana - currently with technologicalIn terms of transaction processing speed, this blockchain platform is significantly ahead of the 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 a high demand from the community for this solution. This year, the analyst expects the price of SOL to recover to $200 (up 108% from current levels).

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

Polkadot - growth in the number of created parachains byPolkadot is a significant fundamental factor that supports the price of the DOT token and makes this project, in a sense, unique in terms of a blockchain solution. The analyst believes that the price of the token may 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 deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, 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 platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the 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 rating.

Three most undervalued cryptocurrencies: Solana, Avalanche, Polkadot