Popular altcoin analyst and YouTuber Buzz has named five altcoins under $1 that are poised to make big gains in the next crypto bull market.
GOMINING
GoMining aims to simplify Bitcoin mining through the use of NFTs. Instead of maintaining expensive hardware, users can own NFTs that represent mining power. GoMining operates nine data centers and conducts mining operations around the world.
“GoMining makes mining Bitcoin much easier by requiring users to own NFTs instead of maintaining hardware,” Baz 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, select their desired power level, and link their BTC wallet to receive rewards. GoMining Token (GOMINING) is currently trading at around $0.335 and has a market cap of $141 million.
Polygon (MATIC/POL)
A perennial favorite, Polygon continues to show potential despite a quiet period after 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 chains such as ZK EVM and Miden. These innovations promise to reduce transaction costs and increase scalability. Ethereum Dune upgrades could further reduce transaction fees, making Polygon a solid investment for the future.
Ondo Finance (ONDO)
Ondo Finance bridges traditional finance and blockchain technology to create risk-separated, fixed-yield loans backed by yield-producing crypto assets. Ondo also tokenizes real-world assets and offers stablecoins such as USDY and OUSG that are equivalent to US Treasuries on-chain.
The Flux protocol by Ondo allows stablecoins to be lent and borrowed using the native ONDO token that governs the protocol. The ONDO token, launched in January 2023, is currently trading at $0.80 with a market capitalization of $1.14 billion, but only 1.4 billion of the 10 billion tokens are in circulation.
Oasis Network (ROSE)
Launched in December 2020, Oasis Network focuses on privacy and scalability using AI and layered architecture. This includes a consensus layer that uses proof of stake and his ParaTime layer for independent computing environments.
The project team says, “Oasis Network balances privacy, performance, and security through a layered architecture.” The native token, ROSE, has a price of $0.086 and a market capitalization of $576 million. Although this is a significant drop from the all-time high of USD 0.5973, the fundamentals of the project remain strong.
Golem (GLM)
Golem allows users to lend out their excess GPU power and earn rewards in GLM tokens. The project is a veteran in this field since 2017 and recently rebranded its token to his GLM.
The increasing demand for GPU capacity due to AI has made Golem a significant player in the deep space. With a price of $0.52 and a market cap of $519 million, GLM is well-positioned to benefit from AI expansion and market deepening. The token’s all-time high was $1.32, suggesting there is significant room for growth.
in short…
These 5 sub-$1 altcoins represent promising opportunities in the next crypto bull market. With strong fundamentals, innovative solutions, and strategic positioning, it is worth considering in any diversified cryptocurrency portfolio.
Also check: Top altcoins with 2x to 5x returns by end of May
