The Top 3 Undervalued Cryptocurrencies to buy in March 2022: Uniswap (UNI), Aave (AAVE) & HUH Token (HUH)
Due to the large number of cryptocurrencies currently in existence, deciding what to invest in can be a very daunting task. In addition, the market has been performing negatively considering recent events in Ukraine. Amidst an uncertain geopolitical climate, the total crypto market cap has shrunk to below $2 trillion (in Q4 of last year it was as high as over $3 trillion). Nevertheless, optimism remains in the space. This article outlines three currently undervalued cryptocurrencies that are worth paying attention to.
1) HUH Token (HUH)
HUH Token (HUH) is the first “UTIMEME” cryptocurrency, combining the popularity of meme coins with the real-world advantages that utility tokens can offer. This value proposition offered by HUH Token (HUH) is a unique one in the crypto space. While very popular, meme coins are seen as problematic as their value is driven purely by speculation.
HUH Token (HUH) will seek to transcend its status as a meme by offering genuine utility and driving value. Among this proposed utility, Huh Token (HUH) will become the native currency for the MetHUH, a social network where influencers and companies can transact with one another without the need for a middleman. In addition, an NFT marketplace will be built on MetHUH, where digital items can be bought or sold with HUH Token. While the current price of HUH ($0.000008) is significantly less than its all-time high of $0.0002023, the team have a detailed roadmap and it is very plausible that we will see price gains again once the project’s proposed utility is rolled out.
2) Uniswap (UNI)
Uniswap (UNI) is a decentralised exchange that allows users to transfer tokens on the Ethereum blockchain through the use of smart contracts. At the time of writing, the price of Uniswap (UNI) is $8.64, a long way off its all-time high of $43.16. Despite this, Uniswap (UNI) remains well respected among the crypto community. It is currently the most traded asset among Binance whales. In recent news, Uniswap (UNI) has built an interface that allows altcoins to be automatically swapped into ETH donations to support Ukraine. As more and more people embrace decentralised finance (DeFi), the price of Uniswap (UNI) will likely see another increase.
3) Aave (AAVE)
Aave (AAVE) is a “decentralized finance protocol that allows people to lend and borrow crypto”. Despite Aave (AAVE) being one of the most popular DeFi platforms in the world, its price recently dropped to about $138 – significantly lower than its all-time high of $705. However, there are some (such as the analytics firm Santiment) who have indicated a price rally could be just around the corner, based on the coin having a very clear price bottom.
This is not the first time that geopolitical crises have caused uncertainty in the cryptocurrency space. It is worth saying that following temporary squeezes the market has always managed to bounce back. Under this logic, an investment today when the market is down might be a very shrewd gamble.
HUH Token (HUH)
Learn More About HUH Token Here:
HUH Official Swap: https://swap.huh.social/