Altcoins
Top 5 Altcoins Under $1 to Watch for Significant Gains
Popular altcoin analyst and YouTuber Buzz has named five altcoins priced below $1 poised to make substantial gains in the next cryptocurrency bull run.
GoMining (GOMINING)
GoMining aims to simplify Bitcoin mining through the use of NFTs. Instead of holding onto expensive hardware, users can own an NFT that represents mining power. GoMining operates nine data centers globally, which handle mining operations.
“GoMining makes mining Bitcoin much easier by requiring users to own an NFT instead of maintaining hardware,” Buzz explains. The project has already sold 11,597 NFTs and boasts impressive statistics such as 3.9 million terahash sold and 2,362 BTC mined.
To get started, users need to create an account, purchase an NFT miner, choose the desired power level, and connect a BTC wallet to receive the rewards. The GoMining token (GOMINING) is currently trading at around $0.335 with a market capitalization of $141 million.
Polygon (MATIC/POL)
Polygonalways the favourite, he continues to show potential despite the quieter period following a very active 2023. The token is currently priced at $0.675, down from its all-time high of $2.92 in December 2021.
Polygon’s transition from MATIC to POL and its rebranding to Polygon 2.0 includes new chains such as ZK EVM and Miden. These innovations promise lower transaction costs and greater scalability. The Ethereum Dune update could further reduce transaction fees, making Polygon a solid investment for the future.
Ondo Finance (ONDO)
Ondo Finance combines traditional finance and blockchain technology, creating fixed-return, risk-insulated loans backed by yield-generating crypto assets. Ondo also tokenizes real-world assets, offering stablecoins like USDY and OUSG, which are on-chain equivalents of US Treasuries.
Ondo’s Flux protocol enables stablecoin lending and borrowing, with the ONDO native token governing this protocol. Launched in January 2023, the ONDO token is currently trading at $0.80 with a market capitalization of $1.14 billion, although only 1.4 billion out of 10 billion tokens are in circulation.
Oasis Network (ROSA)
Oasis Network, launched in December 2020, focuses on privacy and scalability using artificial intelligence and a layered architecture. It includes a consensus layer that uses proof of stake and a ParaTime layer for independent computing environments.
The project team emphasizes that “Oasis Network balances privacy, performance and security with its layered architecture.” ROSE, the native token, has a price of $0.086 and a market capitalization of $576 million. Although it has fallen significantly from its all-time high of $0.5973, the project’s fundamentals remain strong.
Golem (GLM)
Golem allows users to rent excess GPU power, rewarding them with GLM tokens. This project is a veteran in the industry since 2017, recently rebranding its token to GLM.
AI’s growing demand for GPU capabilities makes Golem a vital player in the deepin industry. GLM, priced at $0.52 with a market capitalization of $519 million, is well positioned to benefit from the expanding AI and insights markets. The token’s all-time high was $1.32, suggesting significant room for growth.
In short…
These five altcoins under $1 represent promising opportunities in the next cryptocurrency bull run. With solid fundamentals, innovative solutions and strategic positioning, they are worth considering for any diversified cryptocurrency portfolio.
Also check: Best Altcoins for 2x-5x Profits by the End of May