The 7 Most Undervalued Cryptos to Buy in February 2023
, 2023-01-31 18:07:34,
InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Whether you’re a seasoned crypto trader or a beginner looking to expand your investment portfolio, investing in undervalued cryptos is a smart idea. That said, the volatility of cryptocurrencies goes both ways, which is why investing in intrinsically undervalued projects with little downside is a good idea.
Of course, the term “undervalued” applies differently to cryptos than any other asset class. Cryptocurrencies are primarily driven by marketing and speculation, and very few crypto investors invest in a project solely because of its utility unless the developers can market that utility well. It also matters what sort of gains you are targeting. If an investor is targeting oversized short-term gains, it is best to go for small-cap tokens, while investors with a more conservative risk appetite should stick with Bitcoin (BTC-USD) and Ethereum (ETH-USD).
With that in mind, the following seven undervalued cryptos are a mix of high and low-risk tokens that should satisfy almost all types of portfolios due to their underlying fundamentals:
XRP (XRP-USD) best fits the definition of being among the undervalued cryptos due to its court case with the U.S. Securities and Exchange Commission (SEC) suppressing…
To read the original article from news.google.com Click here
Private Internet Access gives you unparalleled access to thousands of next-gen servers in over 83 countries and each US state. Your VPN experience will always be fast, smooth, and reliable.