A Few Years From Now, You'll Wish You'd Bought This Undervalued Crypto
There's no denying that the past six weeks have been brutal for high-risk, high-upside cryptocurrencies. Given the crypto "flash crash" in early August, many of them are now down anywhere from 30% to 50% for the year.
The key, of course, is identifying which of these cryptocurrencies have been unfairly knocked down in price. In theory, some of them should be trading at attractive valuations right now. And that's why I'm recommending Chainlink (CRYPTO: LINK) as a significantly undervalued cryptocurrency.
On the surface, the situation looks dreadful for Chainlink. The crypto is down 30% for the year. Things were looking up in July when Chainlink hit a price of $15. But then the bottom dropped out in August, with Chainlink plummeting to just $9.
Source Fool.com
