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 crypto bull run.
GoMining (GOMINING)
GoMining aims to simplify Bitcoin mining through the use of NFTs. Instead of maintaining expensive hardware, users can own an NFT that represents mining power. GoMining operates nine data centers around the world, which manage mining operations.
“GoMining makes mining Bitcoin much easier by requiring users to own an NFT instead of maintaining hardware,” explains Buzz. The project has already sold 11,597 NFTs and boasts impressive stats such as 3.9 million terahashes 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 link a BTC wallet to receive rewards. The GoMining token (GOMINING) is currently trading at around $0.335 with a market cap of $141 million.
Polygon (MATIC/POL)
Polygona perennial favorite, continues to show its potential despite the quieter period that followed 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 rebranding to Polygon 2.0 includes new channels like ZK EVM and Miden. These innovations promise reduced transaction costs and improved scalability. The Ethereum Dune upgrade could further reduce transaction fees, making Polygon a solid investment for the future.
Ondo Finance (ONDO)
Ondo Finance bridges traditional finance and blockchain technology, creating risk-insulated, fixed-yield 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 allows the lending and borrowing of stablecoins, with the native ONDO token governing this protocol. Launched in January 2023, the ONDO token is currently trading at $0.80 with a market cap of $1.14 billion, although only 1.4 billion out of 10 billion tokens are in circulation.
Oasis Network (ROSE)
Oasis Network, launched in December 2020, focuses on privacy and scalability using AI and a layered architecture. It includes a consensus layer using proof of stake and a ParaTime layer for independent computing environments.
The project team notes that “Oasis Network balances privacy, performance, and security through its layered architecture.” ROSE, the native token, costs $0.086 and has a market cap of $576 million. Although it is down 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 has been a veteran in the field since 2017, recently renaming its token to GLM.
AI’s growing demand for GPU capacity makes Golem a critical player in the deep sector. GLM, priced at $0.52 with a market cap of $519 million, is well-positioned to benefit from expanding and deepening AI markets. The token’s all-time high was $1.32, suggesting significant room for growth.
In short…
These five altcoins under $1 are promising opportunities during the next crypto bull run. With strong fundamentals, innovative solutions and strategic positioning, they are worth considering for any diversified cryptocurrency portfolio.
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