3 cryptocurrencies that are not yet so well known will explode in value

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Every crypto investor knows a coin or two that didn’t make the headlines but seemingly came out of nowhere to make a few lucky people rich.

That’s the nature of undervalued cryptocurrencies. Projects like these could have made significant gains in the past, but their past or current price still doesn’t quite reflect their potential growth or future value. And if you can get your hands on one of these, it’s worth HODLing.

Two coins in this list belong to the decentralized physical infrastructure network (DePIN) niche. DePIN refers to blockchain-powered platforms that incentivize users to connect their physical infrastructure and earn crypto tokens. It’s one of the trends in the crypto space that venture capitalists are currently heavily obsessed with – and pouring money into. That means DePIN cryptocurrencies have tons of upside potential.

Here are three coins that are still under the radar and whose value is about to explode.

Nosana (NOS-USD)

Nosana (NOS-USD) is a peer-to-peer computing power sharing platform. At its core, it’s a decentralized GPU grid that allows anyone to share their unused GPU power – and receive rewards in the form of $NOS tokens. Nosana says participants can earn 10 to 15 times more than traditional crypto mining pools.

The platform works by providing computing resources to those who need performance through GPU nodes that are scalable according to their needs.

Amsterdam-based duo Jesse Eisses and Sjoerd Dijkstra began working on Nosana in 2021. The two received a grant from the Solana Foundation to start a project to “decentralize computing.”

According to Yahoo’s historical data, $NOS has gained over 1,000% so far. The coin has gained more than 290% since the beginning of the year and by more than 1,000% when it consolidated at an average value of $6.5 during a few trading days in March.

Nosana is definitely one of the cryptocurrencies that should remain undervalued and under the radar for the rest of the year and beyond.

Render (RNDR-USD)

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Make (RNDR-USD) is another DePIN network whose core offering is very similar to Nosana. The Render Network allows GPU owners to earn money by renting out their spare computing power to developers who need extra power for rendering tasks. The Render Network can be used in media, augmented reality, virtual reality, mixed reality, gaming, media, medical, and more industries.

Part of what has put Render on the map is the addition of big names from art, robotics, software and other niches. Some of them are Ari Emmanuel – CEO of Endeavor, the company behind the UFC And WWEFurther examples are Mozilla Founder Brendan Eich and artist Beeple, who made $69 million overnight with NFT artwork.

Render has returned over 42% since the beginning of the year. However, the real price movement has occurred since the project launched in 2017.

For example, in the past year, the RNDR token has risen by over 225% and by 1,125% since July 2022. If you are looking for an undervalued cryptocurrency to invest in, Render is definitely one of the best choices.

Ondo (ONDO-USD)

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Ondo (ONDO-USD) is a decentralized finance (DeFi) platform that “aims to make institutional-grade financial products and services accessible to all.”

The project started in 2021 before its first products hit the market in 2023. During this time, the concept of Real-World Assets (RWAs) became more popular than ever.

Ondo works by letting users choose a product they like, then connecting their wallet and depositing a stablecoin. Users can also transfer USD instead. If you want to redeem your tokens for stablecoins (or USD), all you need to do is request a withdrawal.

The project was successful from the beginning, thanks to the approval and funding from Coinbase (NASDAQ:COIN) and the leading VC firms Pantera And Founders Fund.

ONDO is up about 300% since the beginning of the year. And since trading only started in January, it is currently one of the most undervalued cryptocurrencies on the market.

At the time of publication, Hope Mutie had no (direct or indirect) positions in the coins mentioned in this article. The opinions expressed in this article are those of the author and are subject to Publishing guidelines.

At the time of publication, the editor in charge did not hold any positions (either directly or indirectly) in the securities mentioned in this article.

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