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Against the background of the decline in the cryptocurrency market, some tokens have entered the oversold stage, which indicates their undervalued relative to fundamental indicators. This was reported by the analytical company Santiment. According to analysts, the most undervalued tokens at the moment are Uniswap (UNI), Ripple (XRP), The Graph (GRT), Aave (AAVE), Compound (COMP) and Loopring (LRC). This is what RBC Crypto writes about.

Uniswap

On January 31, the Uniswap token is trading at $10.6, and its capitalization is $4.7 billion, according to CoinGecko. Altcoin has fallen by 38% in a month. In May 2021, the cryptocurrency updated its historical maximum above $44.9. Since then, it has fallen in price by 76%.

Uniswap is one of the largest decentralized cryptocurrency exchanges, which was launched in 2018.

XRP

As of January 31, the price of the XRP token is $0.58, and the capitalization is $28.1 billion. In January, the cryptocurrency fell by 29%. At the beginning of 2018, altcoin updated the historical maximum above $ 3.4. Since then, its value has decreased by 83%.

XRP is a Ripple token that is used in the cross—border transfer system.

The Graph

On January 31, The Graph token is trading at $0.38, and its capitalization is $2.3 billion. During the month, the value of the asset fell by 40%. In February 2021, altcoin updated the historical maximum above $ 2.8. Since then, its price has decreased by 86%.

The Graph is a protocol for obtaining data from blockchains. It allows developers of decentralized applications to efficiently receive data from various blockchains and build their interaction.

Aave

As of January 31, the value of the Aave token is $147, and the capitalization is $1.9 billion. In January, the altcoin price fell by more than 42%. In May 2021, the cryptocurrency updated its historical maximum above $661.6. Since then, the asset has fallen in price by 78%.

AAVE is a management token of the decentralized crypto lending platform of the same name.

Compound

On January 31, the Compound token is trading at $114.5, its capitalization is $747 million. In a month, the price of altcoin has fallen by more than 42%. In May 2021, the cryptocurrency updated its historical maximum above $910.5. Since then, the asset has fallen in price by 87%.

Compound is a decentralized platform that issues loans in COMP tokens and distributes them as a reward.

Loopring

As of January 31, the Loopring token is trading at $0.96. The capitalization of the project is $1.1 billion. In January, altcoin fell by more than 54%. In November 2021, the price of the cryptocurrency updated the historical maximum above $3.7. Since then, its value has fallen by 74%.