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Best Undervalued Cryptocurrencies in 2023

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When it comes to deciding where is best to put your money, everyone will have a different answer. It will depend on many things.
Typically, and advisor will ask questions like: how much money are you comfortable investing? How do you see your short- medium- and long-term situation? What level is your risk factor? And perhaps most important – what do you wish to achieve financially?
More often than not, this advice is tailored to people who have children to support, mortgages to pay off, and other financial commitments. This means investment tends to focus more on well established, stable asset types.
However, when you look at the most successful investors of all time (e.g., Warren Buffet), the one consistency that allowed them to build their wealth wasn’t investing large amounts of money, but rather, seeking highly undervalued assets and investing early.
Bearing this in mind, we have created a blog that reveals what we believe to be – three of the most undervalued cryptocurrencies of 2022.

3. Telcoin (TEL) – ‘Send money smarter’

Current Price $0.0012 (11.22) | ATH $0.06 | Invest on: KuCoin, WenBit.
Founded in 2017 by Paul Neuner, Telcoin is an Ethereum-based cryptocurrency that operates as a decentralised cryptocurrency, as well as a remittance payment system. Telcoin aims to complement telecom communication, mobile money, and e-wallet partners with traditional fiat and blockchain transaction technology.
Around the world, there are still many countries that don’t have the financial infrastructure in place to provide an efficient and affordable payment system for their civilisations – which only further distances the gap between first and third-world economies.
Telcoin was designed to solve this problem. It uses blockchain technology to provide anyone with a mobile device access to DeFi (decentralised financial) products internationally, and the ability to send money at max efficiency, with no need for third-party banks etc.
The Telcoin app is available on both google play and the app store. It has an extremely user-friendly interface. Once verified, sending, and receiving money is as easy as sending a text. You can also trade DeFi assets if you wish.
As previously mentioned, Telcoin was initially introduced to allow countries with less financial infrastructure access to the same financial service that anyone with a mobile has. Some of these countries include Samoa, Sri Lanka, Uganda, Pakistan, Nepal, Kenya, and Ghana (to name a few).

2. Verasity (VRA) – ‘Revolutionising AdTech and Esports’

Current Price $0.004 (11.22) | ATH $0.09 | Invest on: KuCoin, WenBit.
Despite the size of the gaming industry, vast chunks of esports revenue are getting lost through advertising fraud (a figure that could grow to as much as $100bn by 2023).
Founded in 2018 by RJ Mark, an experienced software developer with over twenty-five years, Verasity was introduced to disrupt fraud in gaming by leveraging blockchain technology.
Verasity aims to integrate with video platforms (e.g., YouTube, Vimeo) to offer crypto rewards to viewers and generate a fair system for platforms to earn more revenue.
In terms of technicalities, the VRA token is used for staking and spending on the Verasity ecosystem. You can also earn VRA tokens by watching video content and ads, which raises engagement and revenue for video platforms – so everyone wins!
Verasity also aims to oversee the transparent authentication of NFTs and safeguard them from fraud. In order to actually prevent digital fraud, Verasity uses PoV (proof of view) technology to oversee transactions, whilst rewarding all three parties involved on the platform (creators, viewers, advertisers).
Some of the key partnerships that Verasity have racked up include CS: GO, PUBG mobile, Athena Gaming, and a developing partnership with Brightcove – as Verasity integrates into their digital marketplace.
Before we move on to the final undervalued crypto, it is worth mentioning that you should strongly consider the community behind a cryptocurrency before purchasing. You could find a life-changing crypto with a revolutionary real-world function, but if the asset isn’t marketed well and hyped accordingly by the community then it simply will not perform as well in the markets.
Being in the video/gaming industry it’s fair to say that when Verasity moves – it moves.

1. VeChain (VET) – Digitalising supply chain distribution

Current Price $0.02 (11.22) | ATH $0.28 | Invest on: Binance, KuCoin, WenBit.
Out of the three, it is fair to say you are most likely to have heard of VeChain. In 2015 Sunny Lu and Chengpeng Zhao were looking for a new business prospect and they came across an opportunity to revolutionise supply chain management using the blockchain.
Perhaps the easiest way to explain VeChain’s function is to use the analogy of a farmer. Throughout history, a farmer’s produce has been physically documented from where it was grown, to the distributor, and all the way through to the consumer.
With VeChain, each step of the supply chain process is logged onto the blockchain and tracked digitally. It isn’t just food that can be tracked. VeChain is in other industries such as fashion and automotive sectors to name a few.
When it comes to technicalities, we have the VeChain token (VET) which is used to transfer value across the VeChain network. There is a second token known as VeChainThor Energy (VTHO) which investors can generate as a reward for holding more VET.
VTHO is used as ‘gas’ or energy to power the smart contract transactions and essentially carry out the core function. VeChain also aims to become a leading platform for ICOs (initial coin offerings) which is where crypto creators go to essentially crowdfund or source investment to start up their projects.
Not only does VeChain have a revolutionary real-world use, but it also has the backing to match. Despite being only 7 years old, VeChain has racked up partnerships with some of the world’s biggest brands including, Walmart, Bayer, BMW Group, PwC, ENN, H&M and so many more.
Throughout the COVID-19 pandemic, VeChain was used by some hospitals (e.g., Cyprus) to store and track covid records on the blockchain! And if you think it couldn’t get any better, they signed a minimum 5-year sponsorship deal with the UFC to become their first-ever layer-1 blockchain partner.
This gives them ownership rights over the official fighter rankings titles, and lots of branding promotions around various UFC venues across live events – supplying it with the backing it needs to push on and realise its true value in the cryptocurrency markets.
matt

Matt Lambros​

Matt Lambros is a Search & Automation Marketer.​

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