Best Altcoins Under $1 for Significant Returns: Watch for Major Gains

May 20, 2024 at 08:33 AM GST 2 mins read News

Ondo Finance bridges traditional finance and blockchain with fixed-yield loans backed by crypto assets.
Oasis Network focuses on privacy and scalability using AI and a layered architecture.
Golem allows users to rent excess GPU power, rewarding them with GLM tokens for AI computing.

Popular altcoin analyst and YouTuber Buzz has named five altcoins priced under $1 poised for substantial gains in the next crypto bull run. These affordable altcoins offer strong fundamentals, innovative solutions, and significant growth potential.

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Ondo Finance bridges traditional finance and blockchain technology. It creates risk-isolated, 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 U.S. Treasuries.

The Flux protocol by Ondo allows the lending and borrowing of stablecoins, with the native ONDO token governing this protocol. Launched in January 2023, the ONDO token currently trades at $0.80 with a market cap of $1.14 billion, though only 1.4 billion out of 10 billion tokens are in circulation.

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 with its layered architecture.” ROSE, the native token, is priced at $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 allows users to rent out excess GPU power, rewarding them with GLM tokens. This project has been a veteran in the space since 2017, recently rebranding its token to GLM. AI’s growing demand for GPU capacity makes Golem a vital player in the deepin sector. GLM, priced at $0.52 with a market cap of $519 million, is well-positioned to benefit from the expanding AI and deepin markets. The token’s all-time high was $1.32, suggesting significant room for growth.

These altcoins under $1 present promising opportunities in the next crypto bull run. With strong fundamentals, innovative solutions, and strategic positioning, they are worth considering for any diversified cryptocurrency portfolio.