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3 Best undervalued altcoins on Solana to buy in 2022

Solana (SOL) is a fully decentralised public blockchain that allows the launch and development of scalable DApps. It is regarded as one of the fastest blockchains in the world, with relatively lower gas fees. Solana has also been oftentimes compared to Ethereum. Here are some highlights:

  • So far, over 400 new projects have launched on Solana, with more expected to come

  • Solana is also highly scalable, and its network is associated with low gas fees

  • It is also regarded as one of the fastest blockchains in the world

So, what are some of the most exciting projects on Solana for investors? Here is a pick of the top 2 today:

Serum (SRM)

Serum (SRM) is a decentralised exchange (DEX) and DApp ecosystem designed to deliver exceptional transaction speeds and low fees. Built on Solana, the DEX is completely permissionless and non-custodial. SRM is the native token for the Serum DEX. It is used for governance and platform transactions. 

Data Source: Tradingview.com

At the time of publishing, SRM was trading at $3.43, which is significantly undervalued. Decentralised exchanges are expected to grow in the coming years. Besides, with the speed and scalability of Solana, and the development of a robust Serum ecosystem, the future prospects of SRM look quite positive.

Saber (SBR)

Saber (SBR) is an automated market maker designed to facilitate the exchange of crypto assets on Solana. The platform allows users to swap various assets, including stablecoins. It also has liquidity pools and yield farms to help investors maximise returns. 

SBR is its native token and even though at the time of writing the coin was trading way below its all-time highs this year, there is a lot of growth potential in the near term. The token was trading at $0.06407, with a market cap of around $632 million.

The post 3 Best undervalued altcoins on Solana to buy in 2022 appeared first on Coin Journal.

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Looking for memecoins to buy: Best alternatives to Shiba Inu and Dogecoin

When you think about meme coins and the impact they have had in the crypto industry, two names automatically come to mind. These are Shiba Inu and Dogecoin. But there are other meme coins that should be worth a look in. But first, here are some facts.

  • Meme coins are highly speculative assets and come with a lot of risks

  • But some of these meme coins have seen hyper-growth, sometimes even unbelievable returns

  • Meme tokens are not just about speculative trading, some have inbuilt utility as well

Nonetheless, if you are looking for meme tokens away from common names like Shiba and Doge, here are two decent options that you can consider:

MonaCoin (MONA)

MonaCoin (MONA) has always had a cult following over the years. But unlike some of the meme coins we know that are simply speculative at best, MONA has managed to add some utility into the mix. In fact, it is marketed as an open-source, peer-to-peer payments platform. At the time of publishing this post, MONA was trading $1.37 with a fully diluted market cap of around $143 million. 

Data source: Tradingview.com

However, during the crypto bubble of 2017, the coin had actually managed to hover around $17. Although it’s unlikely that MONA will retrace this growth in the near term, there is always an upside with meme coins.

Dogelon Mars (ELON)

Some analysts have actually been bold enough to compare Dogelon Mars (ELON) to Shiba Inu. At press time, ELON was trading at $0.000001135 with a diluted market cap of nearly $1.1 billion. The coin has also seen increased trading volume over the last few months. 

Even though there have been a few corrections here and there, ELON is still seen as a serious alternative to Shiba Inu. This is not to say that it will see the same hypergrowth. But with meme coins, nothing is really certain.

The post Looking for memecoins to buy: Best alternatives to Shiba Inu and Dogecoin appeared first on Coin Journal.

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Best Coins to buy if you want exposure in the relatively undervalued virtual real estate sector

Metaverse-related blockchain projects have been gathering steam in recent months. Investors too are growing confident that crypto and related assets will be crucial in the metaverse. As such, there are positioning themselves to take advantage of this next growth opportunity. Here is why:

  • First, analysts have termed the metaverse one of the most important growth opportunities for crypto and blockchain technology

  • Virtual real estate purchases are heating up, with one on Sandbox selling for $4.3 million

  • The world of virtual real estate remains relatively undervalued despite growth potential

With these facts in mind, it is clear that this industry has a lot of upsides. Here are two blockchain projects to invest in if indeed you want some exposure in virtual real estate and the metaverse.

Axie Infinity (AXS) – NFT based blockchain game

AXS is the native token of the Axie Infinity, a blockchain-based NFT game powered by Ethereum. The platform has nearly 2 million active daily users. Players simply raise and fight NFT pets called Axies. The Axies can be bought and sold through the NFT marketplace. 

Data source: Tradingview.com

AXS has seen a surge in ownership this year of nearly 420%. The coin has also seen explosive growth as the popularity of NFT- based gaming rises. We expect this trend to continue, and with a lot of interest in the metaverse, AXS could be hugely valuable.

Decentraland (MANA) – Virtual reality platform on Ethereum

Decentraland (MANA) is also an Ethereum based virtual world where people can buy and develop virtual real estate. As of now, there are about 90 000 plots inside the virtual world where users can host events on their land.

Just recently, a single plot of land on Decentraland sold for $2.43 million. We expect interest and investment in virtual real estate to surge in the near term, and as such, Decentraland (MANA) could be in for a positive ride.

The post Best Coins to buy if you want exposure in the relatively undervalued virtual real estate sector appeared first on Coin Journal.