Altcoins
Crypto Analysts Reveal Sub-$1 Altcoins Set to Outperform in Bull Run — TradingView News
As the price of Bitcoin has already seen a massive rally over the past year, cryptocurrency investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin has finished rallying and has greater upside potential. Ahead of the second phase of the cryptocurrency bull market expected to occur this year, crypto analysts at Analyst Buzz revealed that the top altcoins trading under $1 right now could be a good buy.
Still bullish on Polygon’s MATIC
The first of the altcoins on the list is MATIC by Polygon. This comes as a surprise, as MATIC has been one of the few top altcoins to not have experienced any kind of outperformance over the past year. However, this could be one of the reasons why the analyst believes the altcoin is set to outperform.
Despite the rally over the past day, MATIC price is still down more than 75% from its all-time high of $2.92. This is in stark contrast to larger cryptocurrencies like Bitcoin and Ethereum, which have hit or come close to a new all-time high this year.
Ondo Finance is still a major contender among Altcoins
Ondo Finance has been making waves this year, and despite being relatively new compared to the other altcoins on this list, its performance has been among the best. The cryptocurrency was brought into the limelight following its partnership with trillion-dollar asset manager BlackRock.
In 2024 alone, the coin recorded a gain of over 1,000%, rising from $0.08355 to over $1 before correcting lower again. But despite this, crypto analysts expect the altcoin to continue performing well during the bull run. Oasis Network (ROSE) compiles a list of Altcoins with potential
Oasis Network’s ROSE also makes Altcoin Buzz’s list of altcoins set to outperform in the bull market. This layer 1 blockchain project had gone unnoticed during the bear market, which ultimately saw its price drop around 90% from its all-time high of $0.59.
However, the price of ROSE is starting to rise now and is currently trading at what many are calling a bargain $0.091. Unlike the altcoins already mentioned, ROSE’s market capitalization is still less than $1 billion, which gives it plenty of room to run during the cryptocurrency bull market. Is Golem (GLM) still in the game?
Among the list of altcoins with the potential to outperform in the cryptocurrency bull market is GLM, the native token of the Golem platform. Golem has been present in the cryptocurrency market for a while, but it is only now making its entry as artificial intelligence and computing are becoming a leading narrative in the market.
The project presents a peer-to-peer distributed computing resource that allows users to interact directly with each other. As computing becomes even more interesting storytelling, Golem could very well be a great investment.
GLM is currently down about 57% from its all-time high of $1.25, after a rather likely start to 2024. Just like Oasis Network (ROSE), its market cap is still under $1 billion , making it one of the altcoins with the potential to work. difficult.