Finding coins that are heavily discounted from their All-Time High (ATH) yet backed by real utility can be one of the smartest strategies for the next bull cycle. Below are five undervalued projects that still hold strong fundamentals and could potentially bounce back if market conditions turn bullish.
1. Arweave (AR)
ATH: ~$90 (Nov 2021)
Current Price: ~$7 (about 92% down)
Key Strength: Arweave offers permanent, one-time payment storage. As the demand for decentralized storage grows, AR’s model could make it a key Web3 infrastructure layer.
ATH Potential: Strong, especially if adoption in archival data and dApp storage continues to rise.
2. Immutable X (IMX)
ATH: ~$9.52
Current Price: ~$0.60 (about 93% down)
Key Strength: Ethereum’s Layer-2 for NFTs and gaming. It powers Web3 gaming projects and marketplaces with near-zero gas fees.
ATH Potential: High, provided Web3 gaming and NFT adoption continue to accelerate.
3. The Graph (GRT)
ATH: ~$2.88 (2021 peak)
Current Price: Way below its ATH
Key Strength: Indexing protocol for Web3. Thousands of dApps including Uniswap and Synthetix rely on it.
ATH Potential: Very strong, since demand for decentralized data queries grows with ecosystem expansion.
4. Helium (HNT)
ATH: ~$54
Current Price: ~$10 or lower (80–87% down)
Key Strength: A pioneer in DePIN (Decentralized Physical Infrastructure Networks), building IoT and mobile connectivity networks.
ATH Potential: Solid long-term, especially if demand for decentralized wireless solutions continues to grow.
5. The Sandbox (SAND)
ATH: ~$8.40 (2021)
Current Price: Over 90% down
Key Strength: Strong metaverse partnerships with brands like Gucci, Ubisoft, and Warner Bros. It combines virtual land, play-to-earn gaming, and NFTs.
ATH Potential: High, if the metaverse narrative revives in the next cycle.
Quick Recap
Coin % Below ATH Core Utility Rebound Chance
Arweave (AR) ~92% Permanent storage infrastructure Strong
Immutable X (IMX) ~93% NFT & gaming Layer-2 Good
The Graph (GRT) Significant Web3 data indexing protocol Very promising
Helium (HNT) ~80–87% IoT & decentralized connectivity Solid
Sandbox (SAND) ~95% Metaverse + global partnerships High
Final Thoughts
These projects are heavily undervalued compared to their ATHs, but what sets them apart is real-world use cases. From Web3 infrastructure (Arweave, GRT) to gaming and metaverse (IMX, SAND) and decentralized connectivity (HNT), each offers unique value.
If the market enters another bull phase, these coins could surprise with massive rebounds.
Disclaimer: This is not financial advice. Always do your own research before investing.
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