In the ever-changing landscape of cryptocurrencies, there are always a few hidden gems that have not yet been recognized for their full potential in value growth. These underappreciated digital assets may have seen significant gains in the past, but their value does not completely reflect their growth potential. For the savvy investor, snagging one of these can make for a worthwhile HODLing strategy.
A good number of these under-the-radar tokens belong to decentralized physical infrastructure networks (DePIN). This niche revolves around blockchain-based platforms that inspire users to contribute their physical infrastructure in exchange for crypto earnings. Venture capitalists are showing a surge of interest in DePIN cryptocurrencies, seeing significant potential within them.
The first of these undervalued cryptos to keep your eye on is Nosana (NOS-USD). This platform facilitates peer-to-peer sharing of computational power. Essentially, it is a decentralized GPU grid that allows anyone to share their idle GPU power in return for $NOS tokens. According to Nosana, those sharing their resources can potentially earn 10 to 15 times more than traditional crypto mining pools offer.
Nosana’s creators are Jesse Eisses and Sjoerd Dijkstra. They began working on this project in 2021 after receiving a grant from the Solana Foundation. The duo aimed to “decentralize computing”. The coin’s performance speaks for itself with gains of over 1,000% to date. Nosana represents a promising candidate among undervalued cryptos heading into the future.
Similarly, there’s Render (RNDR-USD), another DePIN network. Like Nosana, Render provides users with a platform to earn by renting out their spare computing power. The applications for the Render network span industries including media, augmented reality, virtual reality, gaming, and more.
Render has gained attention through its connections with influential figures in various sectors, such as Ari Emmanuel, CEO of Endeavor; Brendan Eich, Mozilla founder; and artist Beeple, known for his multimillion-dollar NFT artwork success.
Render’s token, RNDR, has seen a price increase of over 225% in the past year and an astonishing 1,125% increase since July 2022. It is undoubtedly an undervalued crypto with enormous potential.
Lastly, there’s Ondo (ONDO-USD), a decentralized finance (DeFi) platform intending to make institutional-grade financial products and services accessible to everyone. Ondo had its start in 2021 and launched its first products in 2023, during a period when real-world assets were on the rise.
Users can select a product, connect their wallet, and deposit a stablecoin. They also have the choice to deposit USD. When it’s time to cash out, all users have to do is request a redemption.
Ondo’s journey had a promising start with backing and funding from Coinbase and respected VC firms Pantera and Founders Fund. Its value has risen by about 300% since the start of the year, making ONDO one of the most undervalued cryptos currently on the market.
These three cryptos, Nosana, Render, and Ondo, represent under-the-radar options that are positioned for impressive growth. For investors seeking potential value, they’re worth serious consideration.
Please note, as of the article’s publication date, both the writer and responsible editor have no direct or indirect positions in the coins mentioned.
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