Top 3 Undervalued Tokens That Will Surge 10X Surge This Summer
This week, the cryptocurrency market has shown increased price volatility, with top tokens retesting important support levels, signaling potential bullish 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 fundamentals trading at massive discounts from their ATHs.
**Mdex (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 surged 129.91% in a day and 132.05% over the past week, indicating bullish sentiment. With a market cap of $75.215 million, MDX trades at a 99% discount from its ATH of $10.06, showing potential for a massive price surge.
**Renzo (REZ):**
Renzo is a Liquid Staking token on EigenLayer, built on the Ethereum chain, offering higher yields than ETH staking. Trading at $0.0658, with a market cap of $76.430 million, REZ shows bullish convergence and a positive MACD crossover, indicating a strong bullish outlook.
**Horizen (ZEN):**
Horizen is a zero-knowledge network-enabled blockchain with the largest node infrastructure, powered by the Zendoo protocol. ZEN has added 14.91% in a day and 23.15% over the past week, with a YTD return of 31.52%. Trading at $11.35, ZEN aims for its ATH, with a market cap of $179.56 million. However, bearish action could push its price to $7.85.
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