Here are five Altcoins under $1 that could shine this bull season

This article presents a curated list of five promising altcoins under $1, including The Graph (GRT), Sei (SEI), and Harmony (ONE), which could outperform expectations this bull season.

The cryptocurrency market has recently entered a bullish phase, with the price of Bitcoin (BTC) reaching a new all-time high above $73,000 on March 14. However, the market’s latest uptrend, which began last October, has cooled, with most crypto assets posting double-digit losses over the past month.

Nonetheless, most market analysts have framed the current slowdown, which triggered a 12% collapse in Bitcoin’s price last month, as an opportunity for investors to increase their baggage before the market witnesses a new phase of rising prices.

Amid this widespread sentiment, uncertainty revolves around which cryptocurrencies are worth betting on. While several market observers have drawn attention to the most prominent altcoins, this article highlights some of the lesser known ones trading below $1 but showing the potential to shine during the bull season.

The chart (GRT)

The Graph (GRT) functions as a decentralized protocol within the blockchain scene, indexing and organizing data to enable the creation of open APIs, called subgraphs. Developers use GraphQL to query these subgraphs for network-indexed data.

In one of its recent bullish developments, The Graph introduced the Sunrise Upgrade Program, which comes with a reward pool of 4 million GRT.

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Santiment data reveals 11,680 additional holders since January, surpassing the 160,000 total holders and reaching 161,880 at last check. Meanwhile, whale addresses, holding between 10 and 100 million GRT, have accumulated more than 200 million tokens since the end of February.

The Whale Accumulation Chart

This positive momentum reflects growing investor confidence and substantial demand for the token, with GRT’s performance in the current bull market showing remarkable growth. It soared 504%, from an August low of $0.0817 to a two-year high of $0.4940 in March.

The 1D graph

Current statistics show a 44% year-on-year increase in the price of GRT. Despite a current trading value of $0.2654, which represents a 46% decline from the yearly high, The Graph’s resilience above the 200-day EMA ($0.2387) and its continued rise Significant resistance levels suggest a potential continuation of its upward trajectory.

TokenFi (TOKEN)

TokenFi (TOKEN) is a pioneering entity within the Floki ecosystem for the tokenization of real-world assets. The platform has an intuitive interface, allowing the generation and tokenization of assets without the need for programming expertise.

As a player in a growing industry estimated to be worth $16 trillion by 2030, TokenFi is poised to become a dominant player in the asset tokenization space. Ripple, a major blockchain payments company based in San Francisco, is also exploring opportunities within this booming market.

TokenFi has seen a notable increase in investor confidence. A infusion DWF Labs’ $10 million investment in TokenFi’s TOKEN for the advancement of AI-based offerings triggered a 50% appreciation in its market price, culminating in an all-time high.

Considering its market performance, TokenFi’s TOKEN has demonstrated impressive growth since its launch last October. Its value has surged 642% since early January to reach a high of $0.2464 on March 26. With its current price at $0.0950, TOKEN has appreciated 186% this year, positioning itself to capitalize on the expected market rise to continue its growth.

TokenFi 1D Chart

Ankr (ANKR)

Ankr (ANKR) is a Web3 infrastructure provider providing development tools for blockchain technology. It offers multi-chain staking, node deployment and API management services.

ANKR rose to the top tier of validators on Binance Smart Chain three years ago, which significantly increased its value and visibility. This growth was supported by stronger fundamentals, new partnerships and integrations with major blockchain networks.

Ankr’s partnerships with Microsoft and Tencent Cloud and its services collaboration with Storj have further strengthened its market position.

In the current uptrend, ANKR has shown positive growth trends. Its price is currently $0.0447, representing an increase of 56.4% this year, despite a 35% decline from the April 1 high of $0.0688. ANKR remains above its 200-day EMA of $0.0379, and with a low CCI of -116, it appears undervalued.

1D Ankr Chart

Sei (SEI)

Sei (SEI) is a layer 1 blockchain designed for trading platforms. It is known for its fast transaction speeds thanks to a distinctive parallel architecture that allows simultaneous processing on different nodes.

Last April, the team garnered an investment of 30 million dollars to develop the blockchain. Sei’s infrastructure is adaptable and supports a multitude of applications, including decentralized exchanges, NFT marketplaces, and gaming platforms, establishing itself as a multi-faceted framework.

In February, Sei’s Devnet received a significant update, making it compatible with the Ethereum Virtual Machine (EVM). Interestingly, according to Santiment data, the project has seen a steady increase in development activities.

Sei development activity | Feeling

Upon its launch in August, the SEI token gained a listing on major exchanges such as Binance, KuCoin, and Bybit, strengthening its presence in the market. Currently trading at $0.5225 with a market cap exceeding $1.4 billion, SEI has soared 6,420% since its launch and is on track for further gains.

In March, SEI hit a new all-time high alongside Bitcoin, hitting the $0.8 level and aiming for the sought-after $1 mark. Despite the recent market downturn, it has maintained its value above $0.5 and with an RSI of 39.90, there could be room for further growth.

1D Sei Chart

Harmony (A)

Harmony (ONE) is a blockchain platform that streamlines the development and operation of decentralized applications (DApps). It uses sharding to scale efficiently, ensuring fast transactions with minimal delay.

Harmony is on an upward trajectory with its recent announcement of an ecosystem fund of 300 million dollars. This fund is expected to attract developers and support the creation of decentralized autonomous organizations (DAOs) within its network.

The ONE token plays a crucial role in the network, used for staking, transaction fees and governance. The token has seen a robust performance in the ongoing bull market.

Starting the year at $0.0187, ONE surged 112% to a two-year high of $0.0396 in March. Harmony has a history of significant growth, having climbed 8,862% from $0.00424 in January 2021 to an all-time high of $0.38 in October of the same year. It is poised to continue this positive trend amid the current market recovery.

Harmony Chart 1M

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

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