Experts believe that Bitcoin‘s (BTC) struggle to maintain a price above $65,000 has provided investors with a unique opportunity to explore certain altcoins and diversify their portfolios. Among the recommended options are promising altcoins trading under $1, including Cardano (ADA), TRON (TRX), Mantle (MNT), and Bitrock (BROCK), all of which have high potential.
Cardano (ADA)
Cardano (ADA) stands out as a pioneer among third-generation decentralized public networks using a Proof of Stake (PoS) consensus mechanism. This sustainable and efficient approach aims to overcome the limitations of the traditional Proof of Work (PoW) consensus mechanism and enhance sustainability, interoperability, and scalability within the Blockchain ecosystem.
Despite a slight decrease in price, data shows that Cardano’s native asset ADA has experienced a notable increase of over 10% in the last 30 days. Experts consider ADA one of the most investable altcoins using the dollar-cost averaging (DCA) strategy.
TRON (TRX)
TRON (TRX), focused on entertainment on Web3, stands out for its commitment to solving scalability issues faced by Ethereum (ETH) and Bitcoin. The recent surge in TRON’s price by over 90% reflects high investor confidence and increased participation in its ecosystem.
Experts point out that TRON’s native asset TRX, trading at $0.1184 at the time of writing, is an affordable and high-potential altcoin with a market value of $10.39 billion, suitable for the DCA strategy.
Mantle (MNT)
Newcomer to the Ethereum Layer 2 scene, Mantle (MNT), is witnessing growing investor interest as the total value locked (TVL) in its network sees significant growth, along with an attractive 7.2% Annual Percentage Yield (APY). Mantle positions itself as a strong competitor among Layer 2 networks with its impressive transaction capabilities.
While Mantle’s native asset MNT’s price has risen over 4% in the past week to $0.8172, experts consider the altcoin a compelling, high-potential investment.
Bitrock (BROCK)
Bitrock (BROCK) stands out for using the IBFT 2.0 Proof of Authority consensus mechanism, offering low transaction fees, and fast, secure, and scalable transactions. Data shows that Bitrock’s native asset BROCK’s price has risen by 34.00% in the last 30 days to $0.2012, reaching a market value of $18 million, highlighting Bitrock as a notable player in the Layer 2 space. Experts emphasize the high potential of the network’s native asset BROCK.
