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Top 3 Altcoins Under $2 to Accumulate Immediately
Negative sentiment, sluggish behavior, and bearish waves have taken over the cryptocurrency market in recent months. Events like the German sell-off and the Mount Gox news have only exacerbated the overall bearish trend that has been a theme since the Bitcoin halving. However, the advent of Bitcoin above $60K has come as a ray of hope. While this situation is far from ideal, it does present an opportunity to accumulate favorite projects at discounted prices.
In times of market crisis, it is crucial to focus on projects with solid fundamentals that are just suffering from the general market sentiment. Altcoin Buzz Analyst took to its latest analysis and gave a list of three coins that are currently trading at significant discounts.
Coin 1: FET
First on the list is FET (Artificial Superintelligence Token). This token has recently gained attention due to a merger involving three AI technology leaders: SingularityNET, Fetch.ai, and Ocean Protocol. The potential of this ecosystem is enormous, with projections estimating its value at $7.5 billion. The price of FET has seen a significant drop from its all-time high in March, currently trading at a 62% discount.
Coin 2: SUI
Next on their list was SUI Network (SUI), a Layer 1 blockchain known for its speed and scalability. SUI’s recent MTI Setti upgrade positions it as the fastest blockchain, a critical advantage for DeFi and gaming applications. SUI is currently trading at a substantial discount, around $0.80, down from its all-time high of $2.18 in March.
Coin 3: OP
Optimism (OP), an Ethereum Layer 2 solution that improves Ethereum’s scalability through optimistic rollups. The project has strong ecosystem support, including NFT marketplaces, DAOs, and DeFi protocols, along with a substantial developer community. OP is currently trading just above $1.