Jason Pizzino named the most undervalued coins
Trader Jason Pizzino named two altcoins, which, in his opinion, can rise in price by more than 10 times in the near future. According to the analyst, Polygon (MATIC), Curve DAO Token (CRV) and Sushi (SUSHI) tokens have the highest growth prospects.
Polygon (MATIC)
After significant growth last year, the Polygon token is now in a phase of short-term correction, Pizzino said. According to him, the value of the altcoin will not fall below $ 2.2 as part of the correction. After the accumulation of volumes, the MATIC will return to impulse growth, the analyst is sure.
On January 5, the Polygon token is trading at $ 2.4. Over the week, altcoin dropped in price by 5%, and its capitalization fell to $ 16.4 billion, according to CoinGecko. At the end of December, the cryptocurrency updated its all-time high above $ 2.9.
Polygon is an Ethereum-compatible second level sidechain powered by PoS (Proof-of-Stake) algorithm. This network is faster and with lower fees than the main Ethereum network.
Curve DAO Token (CRV)
Pizzino recalled that the total blocked asset value (TVL) in the Curve Finance network exceeds $ 24 billion. At the same time, the capitalization of the CRV token is less than $ 2.4 billion. According to the trader, in the next year the altcoin will grow in order to increase its capitalization and bring it to TVL level.
On January 5, the CRV token is trading at $ 6. Over the week, the cryptocurrency has risen in price by 27%, and its capitalization has increased to $ 2.37 billion. In August 2020, the altcoin updated its all-time high above $ 54.
Curve Finance is a decentralized trading platform for exchanging cryptocurrencies and stablecoins. The exchange has issued its own CRV governance tokens, which allow holders to participate in the development of the project.
Sushi (SUSHI)
According to the analyst, the current capitalization of $ 1.6 billion does not match the potential of the SushiSwap trading platform. Pizzino claims that in the near future, the SUSHI token can rise in price by more than 10 times.
On January 5, the SUSHI token is trading at $ 8.6. Over the week, the altcoin fell in price by 5%, and its capitalization decreased to $ 1.6 billion. In March last year, the cryptocurrency renewed its all-time high above $ 23.3.
SUSHI is the internal token of the SushiSwap decentralized trading platform, which is implemented on the Ethereum blockchain. Users can make a deposit to trading funds and receive a percentage of it in SUSHI tokens.
