Top 3 undervalued tokens with upside potential that are worthy of adding to your portfolio This week, the cryptocurrency market has shown increasing price volatility, with the top tokens retest of key support levels, signaling potential bullish price action. Mid-cap and low-cap altcoins have recorded significant gains, attracting investor interest. Here are the top 3 undervalued altcoins with strong long-term fundamental trading at large discounts from their ATH.
$MDX :
Built on the HECO chain, Mdex is an AMM exchange protocol launched in January 2021. It operates on both the HECO and Ethereum networks. MDX has gained 129.91% in a day and 132.05% over the past week, showing bullish sentiment. With a market cap of $75.215 million, MDX trades at a 99% discount to its ATH of $10.06, suggesting major upside potential.
$REZ :
Renzo is a Liquid Staking token on EigenLayer, built on the Ethereum chain, offering higher returns than ETH staking. Trading at $0.0658, with a market cap of $76.430 million, REZ shows bullish convergence and a positive MACD crossover, suggesting a strong bullish outlook.
$ZEN :
Horizen is a blockchain that supports a zero-knowledge network with the largest node infrastructure, powered by the Zendoo protocol. ZEN added 14.91% in a day and 23.15% over the past week, for a YTD return of 31.52%. Trading at $11.35, ZEN aims to reach ATH, with a market cap of $179.56 million. However, bearish action could push its price to $7.85.
This is not investment advice, this is good advice
