Top 20 Underrated Crypto Coins in 2023: Uncovering the Hidden Gems
The top 20 undervalued cryptocurrency coins to support in 2023 will be covered in detail in this extensive guide. One of the most dependable sources in the crypto market, CoinCodex, provided the data on which our analysis was based.
| Pro Tips |
|---|
| 1. Here is our list of the best crypto exchanges that prioritize user privacy and do not require Know Your Customer (KYC) verification. |
| 2. These top 20 tokens to invest have been chosen based on their market performance, technological advancements, and overall market sentiment. |
| 3. These low-priced cryptocurrencies have the potential for significant growth, making them an attractive option for investors looking to maximize their returns in 2023. |
- 1. Mirror Protocol (MIR)
- 2. Torum (XTM)
- 3. Augur (REP)
- 4. Solana (SOL)
- 5. Ark (ARK)
- 6. Walken (WLKN)
- 7. Multichain (MULTI)
- 8. DEAPcoin (DEP)
- 9. Synthetix (SNX)
- 10. Adventure Gold (AGLD)
- 11. TerraClassicUSD (USTC)
- 12. Compound (COMP)
- 13. XCAD Network (XCAD)
- 14. Pundi X (PUNDIX)
- 15. Hive Token (HIVE)
- 16. Quickswap (QUICK)
- 17. Bounce Token (AUCTION)
- 18. Golem (GLM)
- 19. Injective (INJ)
- 20. XRP (XRP)
Understanding Underrated Crypto Coins
Although they have not yet attracted widespread attention, undervalued cryptocurrencies have the potential to grow significantly. These coins frequently go unnoticed, which attracts investors who are willing to take calculated risks. It’s important to remember that investing in cryptocurrencies carries risks, so careful consideration must be given before making a decision.
1. Mirror Protocol (MIR)
- Name: Mirror Protocol (MIR)
- Price: $0.033963
- 24H Change: -0.52%
- Market Cap: $7.30M
Mirror Protocol is a decentralized finance (DeFi) protocol built on the Terra blockchain. It allows users to create and trade synthetic assets known as “mirrors,” which track the price of real-world assets. Mirror Protocol bridges the gap between traditional financial markets and the crypto world.
MIR/USD 1-day price chart: TradingView
Looking at the technical indicators, the Ichimoku Cloud, with its parameters set to 9, 26, 52, 26, shows that MIR/USD has been trading between $0.036 and $0.041. The current price of $0.033 lies below the cloud, indicating a potential bearish sentiment in the market.
2. Torum (XTM)
- Name: Torum (XTM)
- Price: $0.017890
- 24H Change: 0.00%
- Market Cap: $1.71M
Torum is a social media platform designed specifically for the crypto industry. It offers a space for crypto enthusiasts, projects, and influencers to connect, collaborate, and share valuable insights. Torum’s native token, XTM, powers the ecosystem and provides various utilities within the platform.
1-day XTM price chart: TradingView
The current price of XTM is $0.017890, reflecting an increase of 6.55% compared to the previous value. The MACD (Moving Average Convergence Divergence) indicator with parameters 12, 26, and close 9 EMA displays positive values, with the latest histogram reading at 0.000094. This indicates upward momentum in the price movement of XTM.
3. Augur (REP)
- Name: Augur (REP)
- Price: $1.1175
- 24H Change: -2.52%
- Market Cap: $12.44M
Augur is a decentralized prediction market protocol built on the Ethereum blockchain. It enables users to create and participate in prediction markets, where they can bet on the outcome of real-world events. Augur aims to create a decentralized oracle that provides reliable and tamper-proof data for prediction markets.
REP/USD 1-day price chart: TradingView
REP, the cryptocurrency linked to the decentralized prediction market platform Augur, has encountered a notable decline of 9.36% within the past 24 hours. Presently, it’s trading at $1.1175. This recent price movement highlights the volatility and fluctuation within the cryptocurrency market, where values can experience rapid shifts in relatively short timeframes. Investors and traders involved with REP should remain vigilant and closely monitor market trends and developments to make informed decisions.
4. Solana (SOL)
- Name: Solana (SOL)
- Price: $27.51
- 24H Change: -0.33%
- Market Cap: $11.07B
Solana is a high-performance blockchain platform for decentralized applications (dApps) and cryptocurrencies. It offers fast transaction speeds and low fees, making it an attractive option for developers and users. Solana’s native token, SOL, is used for various purposes within the ecosystem.
Regarding technical analysis, the overall sentiment appears neutral, despite indications of selling pressure. It is advisable to carefully monitor the market before making any investment decisions. Solana’s market capitalization is 11.102 billion USD, with a fully diluted market cap of 15.236 billion USD. The trading volume and average volume are not specified in the available data.
SOL/USD 1-day price chart: TradingView
Looking at the performance over different periods, Solana has demonstrated significant growth. Over the past week, it has recorded a notable increase of 26.24%, while the monthly and three-month performances stand at 85.90% and 8.71%, respectively. Impressively, the cryptocurrency has surged by 176.81% over six months. However, it is worth noting that SOL has experienced a year-to-date decline of 26.25%.
5. Ark (ARK)
- Name: Ark (ARK)
- Price: $0.30912446
- 24H Change: -6.50%
- Market Cap: $53.35M
Ark is a blockchain platform that aims to bridge different cryptocurrencies and enable seamless communication. It provides tools and resources for developers to create their blockchain networks and deploy dApps. Ark’s native token, ARK, is used for staking and voting within the network.
ARK/USD 1-day price chart: TradingView
Ark (ARK) has experienced a significant decrease in value, as indicated by the data available on the TradingView chart. The ARK/USD pair has witnessed a sharp decline of 18.09%, with the price dropping to 0.30912446 USD. Analyzing the daily candlestick chart, we observe that the opening price was 0.37100124 USD, the highest point reached was also 0.37100124 USD, and the lowest point hit was 0.30912446 USD. The closing price settled at 0.30912446 USD, decreasing by 0.06825969 USD.
6. Walken (WLKN)
- Name: Walken (WLKN)
- Price: $0.014122
- 24H Change: -3.08%
- Market Cap: $5.93M
Walken (WLKN) is a token used in the Walken NFT game. It is an abbreviation for Walken and can be obtained either by purchasing it on a cryptocurrency exchange or by earning it through the Walken app. Walken is a project that aims to introduce new users to cryptocurrency by providing them with an exercise and play-to-earn experience.
WLKN 1-day price chart: TradingView
Looking at WLKN technical analysis, the sentiment is neutral and slightly inclined toward selling. Traders and investors should exercise caution and closely monitor the market dynamics before trading decisions. The available data indicate that the trading volume for WLKN stands at 16.873 million, with an average volume of 18.334 million over the past ten days.
7. Multichain (MULTI)
- Name: Multichain (MULTI)
- Price: $1.947726
- 24H Change: -5.91%
- Market Cap: $28.32M
Multichain is a blockchain platform that allows developers to create customized blockchain solutions for their specific use cases. It provides a flexible and scalable infrastructure for building decentralized applications and enterprise-grade blockchain networks. Multichain’s native token, MULTI, serves as the utility token within the ecosystem.
MULTI 1-day price chart: TradingView
Multichain (MULTI) has experienced a significant decline in value, as indicated by the available data on the TradingView chart. The MULTI/USD pair has decreased 8.73%, with the price falling to 1.8920835 USD. Analyzing the daily candlestick chart, we observe that the opening price was 2.0733853 USD, the highest point reached was 2.0876332 USD, and the lowest was 1.8856301 USD. The closing price settled at 1.8920835 USD, decreasing by 0.1810156 USD.
8. DEAPcoin (DEP)
- Name: DEAPcoin (DEP)
- Price: $0.001409
- 24H Change: -0.19%
- Market Cap: $10.19M
DEAPcoin is the native cryptocurrency of the DEAP Ecosystem, which focuses on merging virtual reality (VR) and non-fungible tokens (NFTs). DEAPcoin is used for various purposes within the ecosystem, including purchasing virtual assets, participating in games, and trading NFTs.
DEP-1-day price chart: TradingView
DEAPcoin (DEP) has faced significant challenges recently. Cryptocurrency has recorded declines across various time frames. Over the past week, DEP has experienced a drop of 10.41%. The monthly and three-month performances show even more significant losses, with decreases of 28.33% and 56.59%, respectively. The six-month performance indicates a decline of 43.76%. Year-to-date, DEP has faced a substantial reduction of 88.94%.
9. Synthetix (SNX)
- Name: Synthetix (SNX)
- Price: $2.63
- 24H Change: -5.07%
- Market Cap: $301.67M
Synthetix is a decentralized synthetic asset issuance platform built on the Ethereum blockchain. It allows users to create and trade synthetic assets that mirror the value of real-world assets, such as fiat currencies, commodities, and stocks. Synthetix’s native token, SNX, is used for staking and governance within the protocol.
SNX 1-day price chart: TradingView
Synthetix (SNX) has experienced a significant decrease in value, as indicated by the available data on the TradingView chart. The SNX/USD pair has witnessed a decline of 6.03%, with the price falling to 2.6432204 USD. The daily candlestick chart shows that the opening price was 2.8105999 USD, the highest point reached was 2.8800153 USD, and the lowest was 2.6190639 USD. The closing price settled at 2.6432204 USD, decreasing by 0.1696369 USD.
10. Adventure Gold (AGLD)
- Name: Adventure Gold (AGLD)
- Price: $0.831807
- 24H Change: 0.95%
- Market Cap: $58.37M
Adventure Gold is a blockchain-based gaming platform that allows users to earn real-world rewards by playing games and completing in-game challenges. The platform leverages blockchain technology to provide transparency and security in the gaming industry. Adventure Gold’s native token, AGLD, is used for in-game transactions and rewards.
AGLD 1-day price chart: TradingView
In terms of technical indicators, the Moving Average Convergence Divergence (MACD) values suggest a bearish signal, with the MACD line (12-day EMA minus 26-day EMA) standing at 0.01800151 and the signal line (9-day EMA of MACD) at 0.05916396. Additionally, the Relative Strength Index (RSI) with a period of 14 indicates an overbought condition with a value of 74.07, potentially signaling a reversal or consolidation in price.
11. TerraClassicUSD (USTC)
- Name: TerraClassicUSD (USTC)
- Price: $0.018309
- 24H Change: 4.41%
- Market Cap: $179.30M
TerraClassicUSD is a stablecoin built on the Terra blockchain. It is designed to maintain a stable value relative to the US dollar, making it a reliable medium of exchange and store of value within the Terra ecosystem. TerraClassicUSD enables fast and low-cost transactions without the need for traditional intermediaries.
USTC 1-day price chart: TradingView
USTC has demonstrated mixed performance over various time frames. Over the past week, the cryptocurrency has recorded an impressive gain of 58.16%. However, the monthly performance shows a slight decline of 15.32%, while the three-month and six-month versions indicate negative changes of 20.29% and 5.71%, respectively. Year-to-date, USTC has experienced a significant decrease of 56.72%.
12. Compound (COMP)
- Name: Compound (COMP)
- Price: $77.86
- 24H Change: 3.08%
- Market Cap: $565.79M
Compound is a decentralized lending and borrowing protocol built on the Ethereum blockchain. It allows users to lend and borrow various cryptocurrencies by depositing collateral. The protocol uses an algorithmic interest rate model to ensure efficient allocation of funds. The compound’s native token, COMP, provides governance rights within the protocol.
COMP 1-day price chart: TradingView
Compound (COMP) has demonstrated strong performance across various time frames. Over the past week, the cryptocurrency has recorded an impressive gain of 29.92%. In the monthly and three-month periods, COMP has exhibited substantial growth of 72.16% and 52.13%, respectively. Looking at a six-month timeframe, COMP has experienced a remarkable increase of 151.54%. Year-to-date, the cryptocurrency has achieved a gain of 40.65%.
13. XCAD Network (XCAD)
- Name: XCAD Network (XCAD)
- Price: $0.930313
- 24H Change: 5.43%
- Market Cap: $39.61M
XCAD Network is a blockchain-based platform focusing on the architectural and construction industry. It aims to streamline the design and construction processes by integrating blockchain technology, virtual reality (VR), and 3D modeling. XCAD Network’s native token, XCAD, is used for transactions and incentivizing ecosystem participants.
XCAD- 1-day price chart: TradingView
Regarding technical indicators, the Relative Strength Index (RSI) with a period 14 is 80.39, indicating an overbought condition. The RSI value is higher than the simple moving average (SMA) of 14 periods at 67.85. This suggests strong bullish momentum and the potential for continuing the upward trend.
14. Pundi X (PUNDIX)
- Name: Pundi X [new] (PUNDIX)
- Price: $0.405230
- 24H Change: -2.92%
- Market Cap: $104.75M
Pundi X [new] is a blockchain-based payment protocol that aims to enable seamless cryptocurrency transactions in physical stores. It provides merchants with easy-to-use point-of-sale devices that support multiple cryptocurrencies. Pundi X [new]’s native token, PUNDIX, is used for transactions and staking within the network.
PUNDIX- 1-day price chart: TradingView
Pundi X (New) (PUNDIX) has experienced a price decrease, with the PUNDIX/USD pair declining by 3.57%. The current price stands at 0.4101 USD. The daily chart shows that the opening price was 0.4221 USD, the highest point reached was 0.4348 USD, and the lowest point recorded was 0.4019 USD. The closing price settled at 0.4101 USD, decreasing by 0.0152 USD.
15. Hive Token (HIVE)
- Name: Hive Token (HIVE)
- Price: $0.369100
- 24H Change: -1.77%
- Market Cap: $135.31M
Hive Token is the native cryptocurrency of the Hive blockchain, a decentralized social media platform. It offers users the ability to earn rewards for creating and curating content. Hive aims to provide a censorship-resistant, community-driven alternative to traditional social media platforms.
HIVE 1-day price chart: TradingView
Analyzing the performance of HIVEUSD, we can observe that it has shown a mixed performance over different periods. Over the past week, it has gained 13.85%, indicating a positive trend. However, over one month, it has experienced a decline of 13.48%. Looking at a longer-term perspective, HIVEUSD has shown impressive growth of 36.68% over the past year, despite a negative performance of -15.91% year-to-date.
16. Quickswap (QUICK)
- Name: Quickswap (QUICK)
- Price: $74.37
- 24H Change: -5.87%
- Market Cap: $38.23M
Quickswap is a decentralized exchange (DEX) built on the Polygon network. It offers fast and low-cost transactions for users looking to trade various cryptocurrencies. Quickswap’s native token, QUICK, is the utility token within the exchange and provides multiple benefits to token holders.
QUICK 1-day price chart: TradingView
Analyzing the performance of QUICKUSD, we can see that it has exhibited mixed results across different periods. Over the past week, QUICKUSD has gained 32.51%, suggesting a positive trend. However, over one month, it has experienced a decline of 6.71%. Looking at a longer-term perspective, QUICKUSD has displayed impressive growth of 74.74% over the past year, despite a modest year-to-date performance of 2.19%.
17. Bounce Token (AUCTION)
- Name: Bounce Token (AUCTION)
- Price: $5.07
- 24H Change: 0.67%
- Market Cap: $32.93M
Bounce Token is a decentralized auction platform allowing users to create and participate in various types of auctions, including non-fungible tokens (NFT). It aims to provide creators and collectors with a fair and transparent auction environment. Bounce Token’s native token, AUCTION, is used for governance and participation in the platform.
QUICK 1-day price chart: TradingView
In terms of performance, QUICKUSD has shown mixed results across different timeframes. Over the past week, it has gained 32.51%, indicating a positive trend. However, over one month, it has experienced a decline of 6.71%. Looking at a longer-term perspective, QUICKUSD has exhibited strong growth of 74.74% over the past year, despite a modest year-to-date performance of 2.19%.
18. Golem (GLM)
- Name: Golem (GLM)
- Price: $0.204540
- 24H Change: -2.92%
- Market Cap: $204.54M
Golem is a decentralized marketplace for computing power. It enables users to rent out their idle computational resources or harness the power of others’ machines to perform complex computations. Golem’s native token, GLM, is used for transactions and settlement within the marketplace.
GLM 1-day price chart: TradingView
According to the provided data, the current price of GLMUSD is 0.20348158 USD, showing a decrease of 0.32% or -0.00065894 USD. The opening, highest, and lowest prices for the day are 0.20454052 USD, 0.20457385 USD, and 0.20348158 USD. These figures give us a glimpse of the price range and intraday movements.
19. Injective (INJ)
- Name: Injective (INJ)
- Price: $8.93
- 24H Change: -3.21%
- Market Cap: $714.42M
Injective is a decentralized derivatives exchange protocol built on the Ethereum blockchain. It allows users to trade derivatives, including futures and perpetual swaps, without intermediaries. Injective’s native token, INJ, provides governance rights and fee discounts within the protocol.
The RSI (Relative Strength Index) indicator shows that the 14-day RSI value is 61.52, with a previous period SMA (Simple Moving Average) value of 60.88. This suggests that the current momentum of INJ is positive, as the RSI is above the 50 level and trending upwards. However, it’s important to note that the RSI should be considered with other technical indicators for a more comprehensive analysis.
20. XRP (XRP)
- Name: XRP (XRP)
- Price: $0.745484
- 24H Change: 3.53%
- Market Cap: $38.95B
XRP is a digital asset and cryptocurrency designed for fast, low-cost cross-border transactions. It aims to facilitate efficient money transfers between financial institutions and reduce settlement times. XRP’s unique consensus algorithm, the XRP Ledger, allows for fast transaction confirmation and scalability.
XRP 1-day price chart: TradingView
In terms of performance, XRP has shown significant growth over different timeframes. In the past week, XRP has gained 59.88%; over the past month, it has increased by 57.95%. Looking at the three-month and six-month periods, XRP has recorded gains of 46.85% and 94.05%, respectively. Year-to-date, XRP has surged by 121.71%, and over the past year, it has seen an impressive growth of 115.44%.
FAQs
Underrated crypto coins have yet to gain widespread recognition or attention from investors. They often have solid fundamentals and potential for future growth. Still, they may need to be noticed due to a lack of marketing, limited exchange listings, or low market awareness.
When selecting underrated crypto coins for investment, conducting thorough research and analysis is essential. Consider factors such as the team behind the project, the technology and innovation it brings, the market potential, and the tokenomics. Additionally, review the community and investor sentiment and any upcoming developments or partnerships that could impact the coin’s value.
Investing in underrated crypto coins carries certain risks. These include market volatility, regulatory uncertainties, limited liquidity, and the potential for scams or fraudulent projects. It’s crucial to assess these risks and only invest what you can afford to lose. Diversifying your portfolio and conducting due diligence can mitigate some of these risks.
To minimize risks when investing in underrated crypto coins, consider the following strategies:
- Conduct thorough research and due diligence on the project and team.
- Diversify your portfolio by investing in multiple currencies.
- Set clear investment goals and risk tolerance.
- Stay informed about market trends and developments.
- Use proper security measures to protect your digital assets.
- Consider consulting with a financial advisor or professional before making investment decisions.
You can track the performance of underrated crypto coins by using various cryptocurrency tracking platforms and tools. These platforms provide real-time price information, market capitalization, trading volume, and other relevant data. Some popular platforms include CoinMarketCap, CoinGecko, and CoinCodex.
Investing in underrated crypto coins can be rewarding but also carries risks. It’s important to carefully evaluate the potential of each currency, considering its fundamentals, market conditions, and your own investment goals. Seeking expert advice and conducting thorough research can help you make informed investment decisions.
The best strategy for investing in underrated crypto coins may vary depending on individual preferences and risk tolerance. However, some general methods include:
- Conducting thorough research and analysis before investing.
- Diversifying your portfolio across different coins and sectors.
- Staying updated with market trends and news.
- Setting realistic investment goals and timelines.
- Using dollar-cost averaging to mitigate the impact of market volatility.
- Regularly reviewing and adjusting your investment strategy based on market conditions.
Investing in underrated crypto coins can lead to significant profits, as these coins have room for growth and can experience price appreciation over time. However, it’s important to remember that cryptocurrency markets are highly volatile and unpredictable. Making profits requires careful analysis, research, and risk management.
Blockchain technology plays a crucial role in underrated crypto coins. It provides the underlying infrastructure for secure and decentralized transactions, ensuring transparency and immutability. Blockchain enables innovative features such as smart contracts, tokenization, and decentralized finance (DeFi), which can contribute to the growth and adoption of underrated crypto coins.
To stay updated with the latest developments in the cryptocurrency market, you can follow reputable news sources, join online communities and forums, and subscribe to cryptocurrency-related newsletters. Regularly checking cryptocurrency tracking platforms and official project websites can provide valuable insights and updates.
Comparison table of the top 20 underrated crypto coins in 2023:
| Rank | Name | Symbol | Price | 24h Change | Market Cap | Opportunity |
| 1 | Mirror Protocol | MIR | $0.033963 | -0.52% | $2.566 | High |
| 2 | Torum | XTM | $0.007526 | 0.00% | $1.71M | High |
| 3 | Augur | REP | $1.129061 | -1.10% | $12.42M | Medium |
| 4 | Solana | SOL | $27.61 | 0.48% | $11.11B | Medium |
| 5 | Ark | ARK | $0.309687 | -15.15% | $53.93M | Medium |
| 6 | Walken | WLKN | $0.014141 | -0.11% | $5.93M | Medium |
| 7 | Multichain | MULTI | $1.952263 | -5.64% | $28.39M | Low |
| 8 | DEAPcoin | DEP | $0.001409 | -0.22% | $10.19M | Low |
| 9 | Synthetix | SNX | $2.63 | -4.46% | $301.75M | Low |
| 10 | Adventure Gold | AGLD | $0.841423 | 3.80% | $59.04M | Low |
| 11 | TerraClassicUSD | USTC | $0.018909 | 11.70% | $185.18M | Low |
| 12 | Compound | COMP | $77.36 | 3.70% | $562.18M | Low |
| 13 | XCAD Network | XCAD | $0.933730 | 5.98% | $39.75M | Low |
| 14 | Pundi X [new] | PUNDIX | $0.405646 | -3.24% | $104.86M | Low |
| 15 | Hive Token | HIVE | $0.370635 | -1.85% | $135.87M | Low |
| 16 | Quickswap | QUICK | $74.53 | -5.13% | $38.31M | Low |
| 17 | Bounce Token | AUCTION | $5.07 | 0.26% | $32.93M | Low |
| 18 | Golem | GLM | $0.203880 | -3.23% | $203.88M | Low |
| 19 | Injective | INJ | $8.96 | -1.75% | $716.54M | Low |
| 20 | Ripple | XRP | $0.750506 | 5.36% | $39.22B | 39.22B |
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Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
