5 Undervalued Altcoins To Buy After Bitcoin Price Explodes?

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Bitcoin’s price is now on the verge of hitting $64,000, while Ethereum’s has already surpassed $3,400. Both cryptocurrencies are up nearly 6% today to start the week.

While some experts believe that Bitcoin could hit $70,000 by the end of July, it is altcoins that are in the spotlight.

Michael van de Poppe of MN Trading believes that the altcoin market correction hit a local bottom nearly two weeks ago and is about to see a bullish reversal. He says the second half of the year will likely be “all up,” which could see Ethereum price reach the $6,000-$8,000 range.

He also expects undervalued altcoins to rise 5-10x.

5 Undervalued Altcoins to Buy Now

Bitcoin’s price recently hit $54,000, driven by massive selloffs from Genesis and the German government. At that price point, it was nearly 27% below its all-time high.

However, several altcoins are significantly below their respective highs, providing an excellent opportunity to buy the dip.

We list 5 undervalued altcoins – including new cryptocurrencies – that could deliver exceptional returns in the next bull market.

XRP (XRP)

XRP has been largely sidelined from the cryptocurrency bull rally of the first quarter of this year. In fact, it is down nearly 25% from last year and 86% from its all-time high.

However, it is extremely unlikely that one of the most popular and seventh-largest cryptocurrencies on the market will not reach its all-time high during this bull cycle. Therefore, experts believe that the XRP price breakout is not a matter of when, but of time.

XRP is also expected to be one of the assets that will benefit the most from a Trump presidency. Judge Analisa Torres has already ruled that XRP is not a security and that Ripple’s programmatic sales do not violate the Securities Act.

While the SEC could technically appeal Torres’ decision, the likelihood of that is greatly diminished under Donald Trump’s pro-crypto presidency.

As Trump’s chances improve after his failed assassination attempt, XRP could become one of the best performing cryptocurrencies in the coming months.

Dogecoin (DOGE)

Meme cryptocurrencies have been the most in-demand assets during this bull cycle. However, market leader Dogecoin is down 83% from its all-time high.

Experts believe that this could change during the second stage of the cryptocurrency bull market. In fact, analysts remain confident that the price of Dogecoin will reach $1 during this bull cycle.

If this Doge price prediction comes true, it could mean returns of over 8x for investors who buy the meme coin today.

Dogecoin is another undervalued altcoin that could benefit immensely from a Trump presidency. The world’s richest man, Elon Musk, has now endorsed Donald Trump following his assassination attempt. Reports earlier this year also revealed that the two men had discussed the possibility of Musk having an advisory role in the Trump administration.

Given that Dogecoin is Musk’s favorite cryptocurrency, expect it to surge as Trump becomes increasingly the favorite to win his White House bid.

PlayDoge (PLAY)

Meme coins tend to move in groups and often have strong correlations with each other. For example, a rise in Dogecoin should provide a major boost to other Doge-themed tokens.

Therefore, experts are optimistic about PlayDogea GameFi meme token that has already raised over $5.6 million in its ongoing presale. They claim that this strong initial demand is just the beginning, and that the new meme token has the potential to generate returns of up to 100x due to its small market cap.

The demand for GameFi tokens is extremely high, especially after the success of Notcoin and Hamster Kombat. PlayDoge has been able to meet this demand with its Tamagotchi-style play-to-earn game.

Players can pet the iconic Doge character as if it were their own pet. They must play with, train and feed their pet or watch it die or run to another home. In addition, they can complete a series of 2D games – similar to 8-bit side-scrolling games – and earn free cryptocurrencies.

In order to capture maximum retail investment, PlayDoge has also launched multi-chain staking and is offering lucrative yields on BNB Smart Chain and Ethereum. Investors can start accumulating rewards right from the pre-sale itself.

Grandpa (PEPE)

Pepe’s price has increased by over 500% in the past year. And yet, it comfortably makes our list of the best undervalued altcoins to buy.

On the one hand, the frog-themed meme coin is nearly 40% below its all-time high, despite rising more than 20% today.

Second, PEPE is probably the best ETH beta play on the market and often acts as a leveraged Ethereum.

With ETH spot ETFs starting trading this week, it wouldn’t be surprising if PEPE hits a new all-time high this month.

Several experts believe that Pepe coin could topple Shiba Inu during this bull cycle and could still generate returns of up to 20x this cycle.

Pepe Unchained (PEPU)

As mentioned earlier, investing in meme coins is all about finding correlations. A bullish rally in Pepe should provide a significant boost to other frog-themed meme coins.

In such a scenario, experts believe that Pepe Unleashed could be the best alternative to PEPE in the market that could offer returns of 10x to 100x.

The project recognizes that despite the popularity of new Ethereum meme coins, they experience low retail investment due to high blockchain fees. Pepe Unchain has solved this problem by launching its own Layer-2 chain, a rare initiative in the meme coin space that is already yielding results.

In fact, Pepe Unchained currently offers an APY of over 500%, well above the industry standard.

Unsurprisingly, PEPU has already raised over $3.5 million in its ICO in just a few weeks.

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