Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Crypto Analysts Reveal Sub-$1 Altcoins Set To Outperform In The Bull Run

Source Newsbtc

With the Bitcoin price having already seen a massive rally over the past year, crypto investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin finishes rallying and they present more potential for upside. Ahead of the second leg of the crypto bull market that is suppose to happen sometime this year, the crypto analysts at Analyst Buzz have revealed the top altcoins that are trading under $1 right now that could be a good buy.

Still Bullish On Polygon’s MATIC

The first of the altcoins featured on the list is Polygon’s MATIC. This comes as a surprise, as MATIC has been one of the only top altcoins that has failed to see any kind of outperformance in the last year. However, this could be part of the reason why the analyst feels the altcoin is set to outperform.

Despite rallying in the last day, the MATIC price is still down more than 75% from its all-time high price of $2.92. This is in start contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which have either broken a new all-time high or come close to it this year.

Ondo Finance Still A Top 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 top movers. The cryptocurrency was pushed into the limelight following its partnership with trillion-dollar asset manager BlackRock.

In 2024 alone, the coin has seen an over 1,000% gain, going from $0.08355 to over $1 before correcting back downward. But despite this, the crypto analysts expect the altcoin to continue to perform well going into the bull run.

Oasis Network (ROSE) Makes List Of Altcoins With Potential

Oasis Network’s ROSE also makes it into Altcoin Buzz’s list of altcoins set to outperform in the bull market. This Layer 1 blockchain project had flown under the radar during the bear market, which eventually saw its price fall around 90% from its all-time high of $0.59.

However, the price of ROSE is beginning to pick up now and is currently trading at what many call a steal at $0.091. Unlike the altcoins already mentioned, the ROSE market cap is still under $1 billion, which gives it a lot of room to run during the crypto bull market.

Golem (GLM) Is Still In The Game?

Featuring among the list of altcoins with the potential to outperform in the crypto bull market is GLM, the native token of the Golem platform. Golem has been in the crypto market for a while but it is only now that it is making its play as AI and computing become a leading narrative in the market.

The project features a peer-to-peer distributed computing resource which allows users to interact directly with each other. As computing becomes an even hotter narrative, Golem could very well be a great investment.

GLM is currently down around 57% from its $1.25 all-time high after a rather eventual 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 run hard.

Crypto total market cap from Tradingview.com (Altcoins)

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Four jobs reports in five days: what JOLTS, ADP, claims and the September payrolls mean for the October Fed decision The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Author Mitrade

Sep 28, Mon

The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.

Nvidia's $150 billion buyback landed — and the AI sector fell anyway. That's the signal worth trading Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

Author Irene Q.

Sep 29, Tue

Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

【Daily Brief】The dollar ground higher for six days — and the AUD fell 2% in the very week the RBA hiked to a 15-year high The dollar index held above 101 while the Australian dollar slid to a two-month low of 0.6976, a 2.02% six-session loss, even though the RBA raised rates to 4.60% and Australian CPI printed 4.0%. The yen is the only major currency gaining, ahead of Japan's monthly intervention tally at 7pm JST.

Author Irene Q.

18 hours ago

The dollar index held above 101 while the Australian dollar slid to a two-month low of 0.6976, a 2.02% six-session loss, even though the RBA raised rates to 4.60% and Australian CPI printed 4.0%. The yen is the only major currency gaining, ahead of Japan's monthly intervention tally at 7pm JST.

【Daily Brief】30-year Treasury tops 5.59%, S&P 500 slips to 7,670 and gold holds $4,180 — PCE lands tonight The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Author Suzie

17 hours ago

The 30-year Treasury yield closed at 5.59%, its highest since June 2002, and the Dow fell 131.59 points to 51,349.92. US consumer confidence dropped to 81.9, a 12-year low, and JOLTS job openings fell to 7.1 million. August PCE and Q3 GDP both land at 8:30am ET tonight.

Popular Symbols