Crypto investors are finding it hard to pick the best coin to invest in due to the increasing number of altcoins that come into existence every day. The fact that these altcoins all boast exciting features and benefits further compounds the dilemma these investors are facing.
Thankfully, crypto analyst Michaël van de Poppe recently compiled a list of 10 altcoins he believes are undervalued. This list could serve as a guide for investors looking to position themselves ahead of this bull run and amidst a market correction by several altcoins. However, other prominent analysts have claimed that the list is incomplete without the inclusion of ETFSwap ($ETFS).
Chainlink (LINK) Leads List Of Altcoins
The first coin is Chainlink (LINK), which is currently trading slightly down from its recent highs. Though it faces competition, Chainlink (LINK) is still a major player in Oracle networks. Its integration with blockchain gaming could be a growth driver.
Celestia (TIA) Undervalued After Crypto Airdrop
Celestia (TIA) is a relatively new coin in the market with a lot of potential to run to the upside. That is why crypto analyst Michaël van de Poppe believes that the crypto token is still undervalued, seeing as it has significantly declined from its recent peak.
Arbitrum (ARB) Yet To Catch Up To Its Value
Layer-2 network Arbitrum (ARB) quickly rose to prominence upon launching in 2021. The network has continued to record an impressive daily transaction count and, at different times, has been ranked as the Ethereum scaling network with the most activity.
Van de Poppe labeled Arbitrum (ARB) as a “strong Layer 2 Rollup system” and believes that the ARB token could be one of the biggest gainers in this cycle.
Polkadot (DOT) Among Best Altcoins To Invest In
Polkadot (DOT) is experiencing increased activity due to its upcoming parachain auctions, which could benefit the Polkadot (DOT) token. However, investors are wary as Polkadot (DOT) faces stiff competition from other bridge protocols. One is Wormole (W), which recently launched and caught investors’ attention with its well-organized airdrop program.
Polkadot (DOT) has also had negative PR lately, especially with the community’s outrage over the airdrop allocation for the Polkadot-based meme coin DED. Meanwhile, Critics would argue that Polkadot (DOT) has failed to develop innovations that could make it the poster chain for interoperability over time.
This lack of innovation is believed to be one reason why the Polkadot (DOT) is among the few top 100 altcoins with a year-to-date (YTD) loss.
Cosmos (ATOM) Expected To Do Well
Cosmos (ATOM) has a thriving developer ecosystem, which is essential for its long-term success, increasing the value of the Cosmos (ATOM) token. More liquidity is also expected to flow into Cosmos (ATOM) as projects in the ecosystem continue to airdrop their tokens to Cosmos (ATOM) stakers.
Sei (SEI) Takes Crypto Infrastructure One Step Further
Sei (SEI) is a new coin that focuses on DeFi infrastructure. Sei’s (SEI) development is being monitored closely as analysts like Van de Poppe believe the Sei (SEI) token is still vastly undervalued. They predict that Sei (SEI) hitting $1 is just the starting point of its bullish momentum.
dYdX (DYDX) Still On The Radar Of Altcoins To Do Well
dYdX (DYDX) is a popular decentralized exchange with consistent user growth. Analysts recommend it for people looking to make significant returns on their investment, as the dYdX (DYDX) token still looks greatly undervalued.
Woo Network (WOO) Shows Promise
WooNetwork (WOO) has shown great potential lately, and this could be an excellent opportunity to dig right in and invest. Van de Poppe also noted that the trading platform is releasing new things, which could positively affect its price.
Skale Network (SKL): The Crypto Underdog
Van de Poppe stated that the Skale Network (SKL) token is one of the strongest out there in terms of Bitcoin valuation. The Skale Network (SKL) token’s price significantly dropped in 2022 but has recently shown signs of recovery.
Covalent (CQT) Is A Good Bet
Covalent (CQT) allows a unified API to get data from different blockchains. While Covalent (CQT) is not a very popular token, its utility in the DeFi space means it has more room for growth.
ETFSwap ($ETFS) Might Be Your Best Bet
Van de Poppe’s list has a lot of promising altcoins, but ETFSwap ($ETFS) deals with a broader issue: creating a bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi). The ETFSwap ($ETFS) platform is a welcome development for Web2 and Web3 users because it allows them to easily integrate traditional and crypto assets in their portfolios.
One of ETFSwap’s most exciting features is its on-chain Exchange-Traded Fund (ETF) trading. This allows users to trade traditional assets directly on the blockchain, removing the need for centralized exchanges.
In traditional finance, investors buy ETFs through centralized exchanges or brokers. These institutions hold the underlying assets and manage the ETF itself, and investors have to rely on the exchange or broker for security and trade execution.
However, with ETFSwap ($ETFS), everything happens on the blockchain as the platform uses smart contracts to represent tokenized versions of traditional ETFs. These “synthetic ETFs” track the performance of the assets held by a custodian (a secure, regulated entity). Users can directly trade these synthetic ETFs on the ETFSwap platform in a peer-to-peer manner without relying on a centralized intermediary, meaning they can buy or sell at any time of the day with no restrictions..
Given its utility, the ETFSwap ($ETFS) token is selling out fast. Over 5.4 million tokens have been sold in the first stage of presale, and the number is rapidly rising as crypto whales are making a move. The first presale stage for the ETFSwap ($ETFS) token is still ongoing, and each token costs $0.00854, with the price expected to double in the second stage.
For more information about the $ETFS Presale:
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