3 under-the-radar cryptos set to explode in value

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

This is the nature of undervalued cryptocurrencies. Such projects could have seen significant profits in the past, but their past or present price still does not fully reflect their potential growth or future value. And if you get one, it’s worth HODLing.

Two coins in this list belong to the decentralized physical infrastructure network (DePIN) niche. DePIN refers to blockchain-based platforms that incentivize users to connect their physical infrastructure and earn crypto tokens, and is one of the current crypto trends that has venture capitalists heavily engaged – and pouring money into it. This means that DePIN cryptos have a lot of potential for the uptrend.

Here are three under-the-radar coins that are poised to explode in value.

Nosana (NOS-USD)

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

The platform works by making computing resources available to those in need of performance through GPU nodes that adapt 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 on “decentralizing computing.”

$NOS has won 1,000% so far, according to historical data from Yahoo. The coin has gained more than 290% since the turn of the year and more than 1,000% when it consolidated at an average of $6.5 in a few trading days in March.

Nosana is definitely one of the least known or undervalued cryptocurrencies to keep an eye on for the rest of the year and beyond.

Render (RNDR-USD)

Make (RNDR USD) is another DePIN network whose core proposal is very similar to Nosana. The Render Network allows GPU owners to make money by renting their spare computing power to developers who need additional power for rendering tasks. The render network can be used in media, augmented reality, virtual reality, mixed reality, gaming, media, medicine and other industries.

Part of what put Render on the map is the inclusion of big names in art, robotics, software, and other niches. Among them is Ari Emmanuel – CEO of Endeavor, the company behind the UFC And WWE. Others include Mozilla Founder Brendan Eich and artist Beeple, who made $69 million overnight from NFT artwork.

Rendering has came over 42% year-to-date. But the real price movement has taken place since the project was launched in 2017.

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

Ondo (ONDO-USD)

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

The project began in 2021 before launching the first products in 2023 real assets (RWAs) became more popular than ever.

The way Ondo works is that users can choose a product they like. They then connect their wallet and deposit a stablecoin. Users can also transfer USD instead. If you want to cash out your tokens for stablecoins (or USD), all you need to do is request a redemption.

The project was successful from the start, thanks to the support and funding Coinbase (NASDAQ:COIN) and the leading VC firms Pantera And Founder’s Fund.

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

At the time of publication, Hope Mutie did not have any positions, directly or indirectly, in any of the coins mentioned in this article. The opinions expressed in this article are those of the author and are subject to the opinion of InvestorPlace.com Publishing Guidelines.

At the time of publication, the responsible publisher did not hold, directly or indirectly, any positions in the securities mentioned in this article.