Most Undervalued Crypto to Buy in 2023

Undervalued crypto assets allow you to invest at a price that is perceived to be lower than its true long-term value. And as such, you’ll be investing at a discounted price.

In this guide, we take a closer look at the 16 most undervalued crypto projects in the market right now.

The 16 Most Undervalued Crypto for 2023

As per our market research, we found that the 14 projects outlined below represent the most undervalued cryptocurrencies in 2023.

A Closer Look at The Most Undervalued Cryptocurrencies

Are you looking to buy cryptocurrency this month? With thousands of digital currencies available to buy and sell in the open marketplace, finding the most undervalued crypto assets is no easy feat.

The good news is that we have done the hard work for you by narrowing our list of undervalued projects down to just under a dozen, including old and new crypto projects:

1. Meta Masters Guild – Dedicated Web3 Mobile Gaming Platform Racing Through Presale 

Meta Masters Guild is our top pick for the most undervalued crypto projects as the newly launched presale is developing the world’s first dedicated Web3 mobile gaming platform.

Furthermore, early investors can also take advantage of the native MEMAG token increasing in price over seven stages.

The project has already seen more than $275,000 of investment in less than a week as investors seek to take advantage of the price increase and the high-potential of the platform.

Now on sale for $0.007 in stage 1, tokens will increase in every stage up to a maximum of $0.023 in stage 7 – meaning a total increase of 228% before its even reached exchanges – 35% of the 1 billion max supply has been allocated to the presale, with no vesting period.

The undervalued project is also building in an area that has been overlooked by other GameFi projects. The mobile gaming sector is worth more than $90 billion and accounts for more than half of revenue in the global gaming market.

By developing in the mobile sector – which are cheaper, quicker and easier to produce than AAA-worthy games – MMG can focus on producing games that are fun and addictive, with tokenization and rewards a secondary concern.

MMG is marketing itself as play-and-earn rather than play-to-earn and wants to create games that are attractive to casual players.

To further show that tokenization is not its main driver, MEMAG tokens will not be offered as rewards and, therefore, will not face the same selling pressure as other crypto-gaming tokens.

A second token, GEMS, will exist off-chain and be used for rewards. It can also be used to purchase and upgrade assets – which are all ownable and tradeable as NFTs – and convert back to MEMAG.

Three games are currently in development – racing game Meta Kart Racers, fantasy fighting game Raid NFT and open-world metaverse Meta Masters World – with Meta Kart racers the furthest along and set for release in late 2023.

Meta Masters Guild has come from a doxxed and KYC-verified team. For more information join the Telegram group.

2. FightOut – One of the most Undervalued Crypto that Gamifies Fitness & Lifestyle

FightOut is a market-leading move-to-earn project that enables users to receive awards for working out and other fitness movements. With its innovative features, the project is surely on the path to becoming one of the best crypto under $1.

FightOut’s fitness app has brought radical changes in the M2E industry. Its advanced app enables users to earn rewards by doing their daily workouts alongside other fitness movements and the project also jas plans to build real-world gyms.

The platform allows its users to create their own NFT avatars in FightOut’s metaverse. Moreover, these soulbound NFT avatars reflect the users’ real-life fitness metrics. Also, users can compete with other community members in FightOut’s exciting metaverse.

Users are entitled to receive REPS as a reward for their fitness movements and workout challenges. They can redeem these REPS in the platform’s in-app marketplace for cosmetic NFTs for their avatars, membership discounts, merchandise, and other benefits.

Currently, FightOut’s native token $FGHT can be bought at a discounted price of $0.0166 as the first presale phase has just launched but has already raised $3 million- when stage 1 closes, the price of FGHT will increase every second until a max of $0.0333, an increase of 100%.

Investors looking to buy the tokens during the presale stages can get up to 50% additional $FGHT tokens as rewards. Also, investors will get purchase bonuses during the presale stages.

These bonuses start at 10% and require an investment of only $500 with 6 months of vesting. Furthermore, users will get membership rewards when they stake more $FGHT tokens or stake them for a longer time.

$FGHT is at the center of FightOut’s functionality. The platform’s native token is a limited supply token based on Ethereum’s ERC-20 standard. These tokens allow users to take part in tournaments, leagues, unlock game modes, and many other utilities.

Importantly, $FGHT tokens are useful for buying REPS. Buyers purchasing REPS with $FGHT will get an additional 25% REPS.

Out of its total supply of 10 billion tokens, 30% of them are available for sale during the project’s presale stages, up to 15% for the bonus scheme and 5% to exchange liquidity.  

The remaining 50%, will be vested and unlocked over five years and will be used to fund the project’s development.

To always stay on top of the latest updates, investors can join FightOut’s telegram group. To get a deeper understanding of the project’s numerous features, investors can read FightOut’s whitepaper.

3. C+Charge (CCHG) – Overall Undervalued Crypto with a Breakthrough EV Charging Payments App

With a mission to reduce carbon emissions, C+Charge aims to create a technology that supports a sustainable future wherein EV owners can earn carbon credits for charging their vehicles.

The project has only recently launched its stage 1 presale abut has already secured $300,000 in a relatively short time, with one crypto whale spending $100,000 on one transaction.

The CCHG token is currently available for purchase at a discounted price of 0.013 USDT. While the prices are expected to increase in the coming stages, buyers should consider buying $CCHG while they still have a chance.

EV drivers have the ability to earn carbon credits by simply charging their electric vehicles. To earn them, users must use the platform’s native $CCHG tokens to pay for charging their vehicles. EV owners can store these carbon credits alongside the $CCHG tokens in their crypto wallets. 

The project has also built an app for its users that helps them to check their carbon credit balances. Furthermore, EV owners can track real-time information on waiting times at the charging stations, pricing, and so on.

The C+Charge app also has a geolocation feature that allows users to look for the nearest charging station. To get a deeper understanding of the project’s features, buyers can read its whitepaper.

$CCHG is a BEP-20-based limited supply token having an upper supply cap of 1 billion. From this, 40% of the tokens can be bought via the platform’s 4 presale stages.

Interestingly, the $CCHG tokens are taken out of its ecosystem whenever an EV driver uses them to make payments for charging their EVs. Crypto enthusiasts can purchase $CCHG at only 0.013 USDT per token at press time. Buyers can join the C+Charge’s Telegram channel to always stay updated.

4. RobotEra (TARO) – Undervalued Metaverse Token Available For a Low Price on Presale

According to McKinsey and Co., the metaverse space has the potential to become a $5 trillion industry by 2030.

While top metaverse gaming projects like The Sandbox have already gained 1,000x since its presale, RobotEra (TARO) is an upcoming metaverse ecosystem aiming to achieve the same feat – its presale resale has just launched with TARO tokens on sale for $0.02.

TARO will act as RobotEra’s in-game currency – allowing players to access NFT protocols, interact and build, and gain autonomy to make decisions on the platform.

RobotEra features a variety of avenues for players to generate income. On the RobotEra marketplace, users can purchase NFT avatars of Robots – which will be a player’s avatar form on the ‘Taro Planet’.

With a limited edition set of 10,000 Robot NFTs, players can enter this virtual planet to purchase Land NFTs and create buildings, houses, theme parks and much more.

By competing in quests and hosting events, players can earn token rewards and purchase Robot Companions – which will support them in the RobotEra metaverse.

Robot companions can also be upgraded and customized and then sold on the open market as NFTs.

TARO will let users earn APY by staking the token, and can be used to join RobotEra’s decentralized autonomous organization.

On the Taro Planet, players can earn income by operating events and land on any of the 7 continents, while the RobotEra whitepaper states that users can also earn from exploring and mining on the metaverse.

Furthermore, players will be able to charge admission to events, museums and concerts and sell billboard space to advertisers.

RobotEra’s founders, who are KYC-verified and doxxed, also believe new use cases will emerge over time with no coding knowledge needed and few limitations on what players can build in the metaverse.

This undervalued cryptocurrency has just launched its presale campaign in November 2022 with 270 million tokens (15% of the max supply) allocated equally across three presale rounds, with no vesting period.

The first round is currently live and is distributing TARO – an ERC-20 token – at $0.02 per token. The price will increase to $0.025 in stage 2 and then $0.032 by the last stage – a 60% price jump.

Interested readers can join the RobotEra Telegram Channel to stay updated with this project.

5. Dash 2 Trade – Undervalued Cryptocurrency Platform to Invest in During Presale

Dash 2 Trade is a trading signals platform that allows investors to make well-informed trading decisions via D2T – the native cryptocurrency token. Built on the Ethereum blockchain, D2T allows platform members to access specialized trading features and signals by purchasing a monthly subscription plan.

One of the most undervalued cryptocurrencies in the market, D2T can now be bought on a number of different exchanges including Gate.io, Uniswap and LBank.

The project has only just undergone its IEO having completed an extremely successful presale that raised more than $15 million.

D2T tokens are used to access the platform through a three-tier subscription model – comprising the free, starter and premium packages. These tiers can be purchased at a monthly price of 400 D2T (starter) and 1,000 D2T (premium) respectively.

Among the main benefits of these tiers are access to on-chain analysis data and social trading features such as socio-cultural indicators.

This tool analyzes future price movements by studying social media trends and developer-based activities. Investors can also invest in cryptocurrency presales with Dash 2 Trade – and get detailed insights through a special ‘Dash Score’ feature which ranks and evaluates each project.

One of the best utility tokens, D2T can be leveraged to take part in trading competitions on Dash 2 Trade – which rewards the winners with D2T-based rewards.

The Dash 2 Trade whitepaper also states that the platform will incorporate an auto-trading feature, risk profilers along with several technical indicators in the future.

To stay tuned for the latest news surrounding this project, join Dash 2 Trade’s Telegram channel.

6. IMPT – Undervalued Cryptocurrency Token Reducing Carbon Emissions

Investors are rushing to buy IMPT tokens given the huge potential of the project, its real-world use case and current low price.

IMPT is now trading on multiple exchanges including LBank and Uniswap and heading for more in the coming months.

By investing in the IMPT token, investors can help ease the climate crisis and protocol concerned about reducing the carbon footprint of businesses and individuals.

IMPT has partnered with more than 10,000 popular brands – including Samsung and Microsoft – determined to improve the environment.

Each brand decides the sales margin allocated to impact projects, with IMPT tokens offered for each purchase with the approved retailers.

Investors can convert their IMPT tokens to carbon credits, which are minted into NFTs – carbon credits are permits that allow holders to emit greenhouse gas in exchange for funding eco projects.

Investors then have the option of listing and trading their carbon credits on the IMPT marketplace.

According to the IMPT whitepaper, investors can burn their carbon credit tokens to compensate for their carbon footprint. Burning the tokens entitles investors to a collectible NFT – unique artwork specifically for this project.

One way this project differentiates itself from other similar platforms is by enabling individuals and businesses to measure their impact on the environment.

This social feature scores a user’s impact to show how much they should reduce their carbon footprint, while IMPT will also utilize blockchain technology to reduce fraud.

CoinCodex.com and CryptoPresales.com rated IMPT as one of the best crypto projects of the year. To get more information about this project, investors can join the IMPT Telegram channel.

7. Tamadoge – Best New Undervalued Cryptocurrency for 2023

While popular meme coins like Doge and Shiba Inu have delivered staggering returns in the past, investors are looking for new breakout cryptocurrencies. Another addition to the doge community is Tamadoge (TAMA) – the utility token of the Tamaverse.

Unlike Dogecoin, which caters its success to its social media backing, Tamadoge provides users with a play-to-earn (P2E) ecosystem where users can earn rewards within the platform. Using DeFi protocols and NFT features vis decentralized technology, Tamaverse will let users create, breed and trade Tamadoge pets.

Tamadoge pets are unique in-game characters minted as NFT tokens, which can be accessed on the Tama Store. The aim of the game is to raise individual Tamadoge pets and allow them to eventually compete with other community members. The top-performers earn dogepoints on the metaverse’s leaderboard and earn TAMA cryptos as a reward.

TAMA, an ERC-20 token, is used to settle transactions, purchase Tamadoge pets and reward users on the ecosystem. Furthermore, TAMA is a deflationary asset with a limited maximum supply of 2 billion tokens. When players purchase Tamadoge pets and items from the Tama store, 5% of all the amount spent is burnt. Therefore, the developers aim to reduce the token supply to potentially make TAMA more valuable in the long run.

The developers will also expand their ecosystem by deploying an augmented reality (AR) app in the road ahead.

The coin launched to huge success earlier this year, selling out its presale allocation in just eight weeks and raising $19 million.

TAMA then made massive gains after launching on exchanges, pumping to an all-time high of $0.194 – nearly 2,000% over the presale price and more than 500% above the listing price.

The Tamadoge Pet NFTs then became the top trending collection on OpenSea after launch, again proving the huge excitement around the project.

Although the token has now retraced to around $0.03, the low price represents an excellent opportunity for investors to accumulate before gains in the future.

With the game heading towards release and work continuing in the wider ecosystem, Tamadoge is one of the best-undervalued cryptos to buy now and should pump again in better crypto conditions.

8. Battle Infinity – Best Undervalued Cryptocurrency for 2023

Another top pick for the best undervalued cryptocurrency in the market right now is Battle Infinity. Battle Infinity is a soon-to-be-released metaverse gaming platform filled with exciting P2E features and customization opportunities. This platform allows users to create avatars and interact with a rich virtual world – all whilst building relationships with other players.

The $IBAT token is the foundation of Battle Infinity’s metaverse and is used for reward distribution and staking. Users can earn rewards in many ways, such as through Battle Infinity’s compelling fantasy sports league. In this league, players can construct teams and battle against others, vying for the top spot.

Other ways to earn $IBAT include Battle Infinity’s crypto staking mechanism or the Battle Store, which contains an array of exciting P2E games. Battle Infinity also integrates NFTs into its ecosystem, as all of the players within the fantasy league are structured in this way. Not only does this allow seamless trading, but it also enables users to benefit from value increases.

The Battle Infinity project has been KYC-verified by CoinSniper and audited by SolidProof.io. Those interested in learning more about this project can do so through the official Battle Infinity Telegram group.

The Battle Infinity presale sold out early due to high demand but crypto exchange listings for IBAT will be announced on Telegram and the official project website.

IBAT is continuing in its development and is set for release on more exchanges in the coming months.

9. Lucky Block – Exciting Undervalued Crypto in the Crypto-Gaming Niche

Lucky Block is one of the best new cryptos that was founded in late 2021 with the view of revolutionizing the global lottery industry. The project is building a decentralized mobile app that will allow players from all over the world to access its lottery gaming services at the click of a button.

Each and every gaming outcome is governed by a smart contract, which ensures that the number-drawing process is free from manipulation and 100% random. And, as Lucky Block games are not backed or controlled by a single person or authority, no jurisdictional restrictions are in place. Moreover, Lucky Block has quickly gained a reputation as one of the best web 3.0 crypto coins investors can get their hands on in 2022.

This is expected to result in huge jackpot prizes for those participating in Lucky Block lotteries. This top-rated project launched its Lucky Block token in January 2022 after selling out its pre-sale campaign allocation 10 days early. Initially, the token was priced at just $0.00015, albeit, Lucky Block has since hit highs of over $0.009.

This means that in less than two months of trading, early Lucky Block investors witnessed growth of nearly 6,000%. With that being said, the price of Lucky Block has since retreated to a more favourable entry price of below $0.005. And as such, at current pricing levels, this makes Lucky Block both the most undervalued crypto for 2022, and the best long term crypto investment moving forward.

In fact, if buying Lucky Block for under $0.05 per token, you are getting a discounted price of nearly 50% when compared to its previous peak. This has led many crypto-hungry traders to characterize LBLOCK as the best crypto under $1. In terms of moving forward, Lucky Block has lots planned in the coming weeks and months. For instance, in addition to its native lottery mobile crypto app, Lucky Block is expected to list on no less than 10 centralized exchanges this year.

Huge marketing campaigns are in the making too – which includes billboard advertisements in the Las Vegas strip.

Moreover, although the Lucky Block V1 token operated on top of the Binance Smart Chain, the project has since launched a V2 coin on Ethereum that eliminated the 12% transaction fee and also pumped after listings on centralized exchanges MEXC and LBank and is now listed on Gate – the fifth-largest exchange in the space.

More listings are expected in the near future, while the project also announced a 1% monthly burn to drastically reduce supply and, eventually, drive up the price.

Cryptoassets are a highly volatile unregulated investment product.

10. Bitcoin – Most Undervalued Crypto to Buy as a Beginner    

Ever wondered if you can buy Bitcoin despite its expensive market price? If you’re entering the digital asset space for the very first time – Bitcoin could be the most undervalued crypto to buy today. This is because – in comparison to many of the other crypto projects we discuss today, Bitcoin is a lot less volatile. After all, Bitcoin is the largest crypto asset in terms of market capitalization – as it has been since launching in 2009.

In terms of valuation, Bitcoin has been stuck in a consolation period over the first few months of 2022 – sitting between pricing levels of approximately $37,000 – $42,000. With that said, both ends of this consolidation range are much lower when compared to the asset’s prior all-time high of just under $69,000. If you’re looking to put your crypto holdings to work through innovative features like staking and lending, you might want to check out our in-depth Crypto.com credit card review.

And as such, even if you were to invest in Bitcoin at the $42,000 range – this represents a discounted entry price of almost 40% from its most recent peak. The good news for entry-level investors is that although Bitcoin trades for thousands of dollars for a single token, you can risk just $10 when using a beginner-friendly crypto broker like eToro. This means you can buy Bitcoin with eToro without spending a fortune.

eToro is also home to over 55 different cryptocurrencies, meaning you can buy Bitcoin Cash and the best altcoins directly from the comfort of your home.

Cryptoassets are a highly volatile unregulated investment product.

11. Ethereum – Super-Undervalued Crypto at Below $3,000 per Token    

Another large-cap crypto project that is potentially undervalued in the current economic landscape is Ethereum – which is in second place in terms of market capitalization. This project is home to a decentralized blockchain network that allows developers to create and deploy smart contracts.

There are two key reasons why Ethereum is one of the most undervalued crypto for 2022 and one of the best altcoins. First and foremost, Ethereum has traded below $3,000 per token since the turn of 2022. And, when you consider that Ethereum hit highs of nearly $5,000 in late 2021, at current pricing levels, this represents a huge discount.

In fact, even at $3,000 per token – this translates into a discounted entry price of over 60% from its prior peak. Moreover, Ethereum is due to complete its migration to proof-of-stake later in 2022. When this finally goes through after several years of delay, this will result in significantly faster, cheaper, and more scalable transactions on the Ethereum network.

Cryptoassets are a highly volatile unregulated investment product. 

12. Decentraland – Most Undervalued Crypto From the MetaVerse  

Next up on our list of the most undervalued crypto for 2022 is Decentraland. This project is home to a MetaVerse coin – MANA, that fuels the Decentraland gaming world. Put simply, users can use MANA tokens to invest in virtual plots of land from within Decentraland and subsequently build real estate projects.

Although this might sound like a farfetched idea, it is important to note that some Decentraland plots have sold for millions of dollars each in recent months. Therefore, there is clearly a verifiable marketplace for MetaVerse projects like Decentraland. And, best of all, At current pricing levels, Decentraland is arguably one of the most undervalued crypto in the market.

For example, in the 12 months prior to writing this market insight, Decentraland’s MANA token was priced at just under $1. And, towards the close of 2021, this high growth potential crypto hit all-time highs of nearly $6 – which represents gains of 500%. However, like many other Web 3.0 coins in this space, MANA has since retreated and thus – is available at a huge discount of over 50%.

Cryptoassets are a highly volatile unregulated investment product. 

13. Dogecoin – Best Undervalued Crypto for Upside Potential   

Fuelled largely by speculation and hype as one of the best shitcoins on the market, Dogecoin was one of the most popular crypto to buy in 2021. After all, Tesla and SpaceX CEO Elon Musk often tweeted about Dogecoin in a positive light, which helped the project achieve huge pricing gains. For instance, at the start of 2021, Dogecoin was trading for just $0.004. But is Dogecoin a good investment moving forward?

Fast forward to May of the same year and Dogecoin hit highs of nearly $0.74 per token. This translates to gains of over 18,000% in the space of just five months. However, the price of Dogecoin has since taken a significant beating, with its value hitting 52-week lows of just $0.11. This has resulted in many Dogecoin price predictions becoming bearish in recent weeks.

With that said, if you’re a fan of Dogecoin and believe that it has a further upside to offer, investing at this pricing point will allow you to enter the market at a huge discount. For example, based on its 52-week low of $0.11, this means that you can buy Dogecoin on eToro at a price that is 85% less than its prior high.

Cryptoassets are a highly volatile unregulated investment product. 

14. XRP – Cross-Border Payments Project That Could be Undervalued   

XRP is the native digital token of the Ripple project – which allows banks to perform cross-border payments at super-low fees and transaction speeds of less than 5 seconds. This is the case irrespective of where the sender and receive are located and which currencies are being used to transact.

However, there is no denying that XRP is still trading at a price point that is significantly lower than the all-time high it achieved in early 2018 – which stood at $3.84. In 2022, for instance, XRP is yet to breach $1 per token – which means that the project could be one of the most undervalued cryptocurrencies to consider right now. Furthermore, several XRP price predictions have implied that Ripple could reach $3 by 2025.

Cryptoassets are a highly volatile unregulated investment product. 

15. BNB – Crypto Asset Backed by the World’s Largest Exchange   

Binance is the world’s largest cryptocurrency exchange in terms of daily trading volume and liquidity levels. The exchange also has its own native crypto asset – BNB, which allows users of its platform to benefit from discounted commissions. BNB is also the digital token that fuels the Binance Smart Chain, which is home to a range of undervalued crypto tokens like Lucky Block.

With that said, the value of Binance Coin has taken a beating in recent months like the rest of the industry. For instance, in late 2021, BNB hit an all-time high of nearly $700 per token. With that said, the token has dropped below $400 per token several times in 2022 already, which represents a discounted purchase price of over 40%.

Cryptoassets are a highly volatile unregulated investment product.

16. Cardano – Popular Crypto Asset Trading at a Discount of Over 65%   

Cardano is a blockchain project that is backed by peer-reviewed academic research. The blockchain is home to a native digital token – ADA, which allows users to send and receive funds in a decentralized manner. Cardano is also able to facilitate fast and low-cost smart contract agreements.

In terms of pricing, Cardano peaked at over $3 per token in Q3 2021. However, in line with the broader crypto markets, Cardano has since corrected in valuation. For instance, ADA has traded below $1 since February 2022 – which represents a decline – or entry price discount, of over 65%.

Cryptoassets are a highly volatile unregulated investment product.

17. Shiba Inu – Cheap Crypto Asset for Speculative Investors   

As one of the best meme coins, Shiba Inu has experienced huge gains since launching in 2020. In fact, Shiba Inu has performed so well that it is now a top-20 crypto in terms of market capitalization. With that said, Shiba Inu is another crypto that could be undervalued based on current pricing conditions.

For instance, in late 2021 the crypto asset was trading at over $0.00008 per token. But, as of writing, the same digital currency can be purchased at approximately $0.00002. According to Shiba Inu price predictions this represents a price discount of over 75%. And, when you consider just how cheap Shiba Inu is on a token-by-token basis, a small investment of just $100 would still get you over 5 million coins.

Cryptoassets are a highly volatile unregulated investment product.

How do You Determine if a Crypto is Undervalued?   

Buying a crypto asset that is undervalued allows you to invest at a discounted price – when compared to its perceived worth.

• As a basic example, if you were to buy Bitcoin at $40,000 but you believe its true market value stands at $60,000 – this means that you are entering the market at a discounted price of over 33%.

But, how do you actually determine if a crypto is undervalued? Well, in a nutshell, there is no sure-fire way of knowing if a crypto – or any asset class for that matter, is undervalued – not least because the concept is subjective.

After all, while you might believe that the digital currency in question is undervalued, another investor might think differently.

With that said, one of the best ways to find undervalued crypto projects is to focus on tokens that you believe will perform well in the long run

For example, if you believe that Ethereum will remain the de-facto smart contract blockchain of choice over the course of time, entering the market at $3,000 as opposed to its all-time high of $5,000 offers a huge discount.

How to Find Undervalued Cryptocurrencies?   

If you’re still searching for the most undervalued crypto projects for 2022 – the best way to find suitable tokens is to perform some in-depth research.

To point you in the right direction, below we offer some handy tips to help you choose the top undervalued cryptocurrencies for your portfolio.

Another digital asset that could be very undervalued is SafeMoon. This crypto has already experienced a 140.05% surge in its 24 hour trading volume. For more insights into this exciting new crypto project, read our SafeMoon Price Prediction article.

Consider Broader Market Conditions   

The cryptocurrency markets – like most tradable instruments, go through bullish and bearish cycles. This means that, for example, the broader industry can go through a collective upward swing that can last for several weeks or even months.

When this happens, a majority of digital currencies will experience prolonged pricing growth. This happened throughout the bulk of 2021 when many crypto assets hit new all-time highs.

On the other hand, when the cryptocurrency markets go through a bearish cycle, most projects will struggle in terms of growth. And, when this does happen – this gives you the very best opportunity to buy undervalued crypto tokens.

This is because the broader markets move in sync. Meaning – when Bitcoin losses value – so do most other cryptocurrencies – even if the decline isn’t justified with any fundamental reasoning.

Therefore, you can often buy your chosen crypto asset at a huge discount.

Look at the Market Capitalization    

The next metric to look at when searching for the most undervalued crypto projects is market capitalization.

This refers to the overall market value of the project and is calculated by the total number of tokens in circulation against the current price of the crypto asset.

The idea here is to assess the current valuation of the project in relation to its prior peak. For example, as of writing, Bitcoin is carrying a market capitalization of under $800 billion.

However, when the digital currency last hit an all-time high in late 2021, it carried a market capitalization of $1.3 trillion. This means that in buying Bitcoin at current pricing levels, an upside of nearly 70% is required for it to regain its prior peak valuation.

As such, in exploring the market capitalization of a crypto project and analysing it against prior highs, you can attempt to calculate the potential upside that the investment offers.

Search for Low-Cap Gems    

Another effective way to find the most undervalued crypto projects is to search for low-cap gems. This means finding projects that are relatively new in this space and thus – carry a small market capitalization.

• For example, according to CoinMarketCap, the previously discussed Lucky Block token carries a circulating market capitalization of just $129 million.
• When compared to the other undervalued crypto projects discussed on this page – all of which carry a valuation of over $1 billion, this means that the upside potential with Lucky Block could be huge.

And, as Lucky Block was only launched in early 2022, a small market capitalization is justified at this stage. Therefore, buying Lucky Block right now would allow you to do so at a highly attractive entry price.

How to Buy the Most Undervalued Crypto   

Once you have decided on which undervalued crypto tokens to add to your portfolio – you then need to assess which exchanges the project is listed on.

Then, it’s just a case of registering an account with your chosen exchange, making a deposit, and then completing the trade.

If you’re somewhat new to this space and need some guidance on how to buy one of the most undervalued crypto for 2023 – read through our step-by-step walkthrough below.

How to Buy FightOut ($FGHT)   

The first segment of our walkthrough will focus on how to buy FightOut–  which we found to be the most undervalued crypto in the market right now.

This crypto token can be purchased via its presale website by following the guidelines below.

Step 1: Wallet Setup

To begin with, buyers must check if they have a crypto wallet like MetaMask. (Mobile users are recommended to download the TrustWallet)

Step 2: Connect the Wallet

Immediately after, investors should go to FightOut’s official presale page. Now, buyers should click on the “BUY FGHT NOW” button. Now, they need to choose the wallet they have installed (eg Metamask or TrustWallet).

Step 3: Add ETH/USDT

Now, investors must check if they have enough ETH or USDT in their wallets to buy $FGHT tokens. If not, they can simply choose to buy ETH with a credit card via Transak.

Step 4: Buy $FGHT Token

After ensuring adequate balance in their wallets, buyers can click either on the “Buy $FGHT with ETH” or “Buy FGHT with USDT” button.

In this step, buyers need to enter the amount of ETH/USDT they would want to exchange in return for $FGHT tokens.

Step 5: Confirm the Transaction & Claim Tokens

In the final step, buyers must confirm the transaction after checking the number of $FGHT tokens to be received. For claiming them, buyers can do so based on the vesting period they opted for.

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Undervalued Crypto on eToro  

All of the other undervalued crypto tokens that we analyzed today are available to buy on the leading brokerage site eToro.

For those unaware of what eToro offers, you can buy and sell dozens of undervalued cryptocurrencies such as Basic Attention Token from just $10 per trade at industry-leading fees.

And, as eToro is heavily regulated it allows you to deposit US dollars via a debit/credit card or e-wallet on a fee-free basis.

Follow the steps below to buy the most undervalued crypto for 2022 in less than five minutes.

Step 1: Open an eToro Crypto Account 

To buy undervalued crypto projects on eToro, first register a free account. This rarely takes more than a couple of minutes from start to finish.

Choose a username and password for your account login details. Then, enter your full name, cell phone number, and email address – before clicking on ‘Create Account’.

After confirming your email address, eToro will ask you for a few more details – such as your home address and social security number (or the equivalent in your home country). 

Cryptoassets are a highly volatile unregulated investment product.

Step 2: Verify Account

Another reason why eToro is so popular with crypto investors is that the KYC process takes less than a minute to complete.

This is because once you upload a copy of your government-issued ID and a proof of address – the documents will be verified near-instantly by eToro’s fintech tool.

Step 3: Deposit Funds

At eToro, you only need $10 in your account to buy undervalued crypto. Supported payment methods include ACH and bank wires, as well as debit and credit cards.

Several e-wallets are supported too – such as Neteller, PayPal, and Skrill. For example, this means you could buy Bitcoin with PayPal directly from your mobile device. No fees are charged on any supported payment method if you are funding your account in US dollars.

Step 4: Search for Undervalued Crypto

Assuming that you already know which undervalued crypto tokens you wish to add to your eToro portfolio, you can simply search for the project and click on the ‘Trade’ button.

The other option is to view the full list of supported crypto markets by clicking on the ‘Discover’ button.

Step 5: Buy Undervalued Crypto

The final part of this step-by-step walkthrough will require you to place a buy order. You will first need to let eToro know the amount of money that you wish to invest.

This can be any dollar amount from $10 upwards.

After that, you can place your buy order by clicking on the ‘Open Trade’ button. eToro will then add your chosen undervalued crypto tokens to your portfolio.

Conclusion

This market insight has discussed some of the most undervalued crypto tokens available to buy at a discount right now.

We found that overall, Meta Masters Guild is the most undervalued crypto in the space. Not only because the project is building the world’s first dedicated Web3 mobile gaming platform, but because its token will appreciate by 228% through seven presale rounds. 

FightOut is another undervalued crypto, also in its presale, that has huge plans to build a move-to-earn fitness app and real-world gyms.

FAQs on Undervalued Crypto Tokens