Which coins are undervalued in 2024?

[Ekanayake90]

ADA. Yes, the price has disappointed, but newbies need to understand the value it holds. I've been keeping it in my portfolio because I know the price will rise eventually. That said, I do have a pretty diverse portfolio and use a crypto trading bot (R100K) to keep it balanced.

Coins like ADA that you mentioned have not shown strong performance at the moment. Today only CTK has started to move up. I think after BNB finishes reaching ATH it will be the turn to ADA or other coins. Last year I saw this pattern. What is clear is that everything will rise again. That's the crypto market, if we are impatient don't expect to make a profit.

Do you think coins like ADA will outperform brand new coins in the coming bull market?

[jacafbiz]

Most these projects that have real products are undervalued, gaming, exchanges, wallet, MEV projects, we have more overvalued projects in the space than undervalued. All these Memes are overvalued there is no valued they add to the space. I know it is difficult to put value on potentials  I would have added AI projects to the list

[MRY]

Most these projects that have real products are undervalued, gaming, exchanges, wallet, MEV projects, we have more overvalued projects in the space than undervalued. All these Memes are overvalued there is no valued they add to the space. I know it is difficult to put value on potentials  I would have added AI projects to the list

Meme coin has a price depending on the whales who want to move the price because so far there is no product that can provide support and trust in the meme coin project. AI projects are no longer very interesting and we must continue to innovate to create new technology that can trigger big investors to come back and provide full support.

[Ekanayake90]

Most these projects that have real products are undervalued, gaming, exchanges, wallet, MEV projects, we have more overvalued projects in the space than undervalued. All these Memes are overvalued there is no valued they add to the space. I know it is difficult to put value on potentials  I would have added AI projects to the list

Meme coin has a price depending on the whales who want to move the price because so far there is no product that can provide support and trust in the meme coin project. AI projects are no longer very interesting and we must continue to innovate to create new technology that can trigger big investors to come back and provide full support.

👍

[el kaka22]

It has been many years but I still think that Litecoin is VASTLY undervalued at the moment. I understand that it may feel like something that is profitable for many people, but the reality is that we are not going to make any money from this at all if people ignore it.

I believe that Litecoin should be in the top ten easily, there isn't any proper reason why it's at 20th place and it is undervalued by a lot of people. The main reason or at least one of the main reasons is that it has been around for a long time and people do not see a big increase in it, so they do not invest in to it thinking they can make a huge return, but even a smaller return would be fine. Imagine that went from 20th place to 9th place, it would be making you so much profit.

[Abiky]

Charles has to.open the cardano for USDT whales, those companies like Tether and Circle wants control of their stablecoin. if Charles is not allowing them because of his belief in decentralization, ADA may really have a slow crawl to its higher price per token.

it may also have a hard time getting ETFs. but i do think ADA is also undervalued.

Isn't Cardano a smart contract platform? Developers can create smart contracts to their hearts' content. It's possible to implement some sort of "blacklist" feature on stablecoins if they want to. Just like they've done with ETH and similar chains. I know Charles wants to defend decentralization, but there's nothing he can do to stop centralized stablecoins from taking over the platform. Especially if the community (validators of the Cardano blockchain) approve it.

What I like about ADA is that development happens at a slow and steady pace. It's not overhyped as other coins that are often unreliable and centralized (eg: Solana). Because this, market prices are stagnant. But that doesn't mean ADA won't have a future. There are many undervalued coins this way. People tend to value centralized chains more than decentralized ones because it's more convenient for them. It's a "free market", anyways. As long as decentralization persists, nothing else matters.