Bitcoin’s significant rise has shifted crypto investors’ attention to altcoins. The altcoin season typically follows a Bitcoin rally, reflecting greater upside potential for some cryptocurrencies. Analysts at Analyst Buzz have identified altcoins trading below $1 that offer good buying opportunities before the expected second leg of the bull market this year.
Polygon’s MATIC Still Shows Promise
Analysts first highlight Polygon’s MATIC. MATIC has underperformed compared to other top-tier altcoins last year, but this increases analysts’ belief in its potential.
MATIC price has dropped over 75% from its all-time high of $2.92. This significant decline contrasts with the performance of larger cryptocurrencies like Bitcoin and Ethereum. Analysts believe MATIC could perform better in this bull market.
Ondo Finance Stands Out Among Altcoins
Ondo Finance has become one of the standout altcoins in the crypto world in 2024. Thanks to its partnership with BlackRock, this cryptocurrency has gained significant attention, rising from $0.08355 to over $1 this year, achieving gains of over 1,000%.
Despite experiencing a correction, analysts predict Ondo Finance will continue to perform well during the bull run.
Oasis Network (ROSE) Maintains Its Potential
Oasis Network’s ROSE is listed by Analyst Buzz analysts as an altcoin that will perform better in the bull market. This Layer 1 Blockchain project remained under the radar during the bear market, with its price dropping 90% from its all-time high of $0.59.
However, ROSE’s price is now starting to rise and is currently trading at $0.091. ROSE’s market cap is still below $1 billion, providing significant upside potential during the bull market.
Is Golem (GLM) Still in the Game?
Golem’s native token GLM is also among the altcoins with the potential to perform better in the bull market. Golem offers a peer-to-peer distributed computing resource that allows users to interact directly with each other.
With AI and computing topics gaining prominence in the crypto market, Golem is expected to benefit from this trend. GLM, after a tumultuous start to 2024, is currently trading 57% below its all-time high of $1.25. With a market cap still below $1 billion, GLM leaves room for significant upside potential.
