. Bitcoin represents 51% of this figure, with a market value of $844.6 billion. However, the value of other crypto assets below $1 continues to remain at a remarkable level.
According to market experts, some of these undervalued cryptocurrencies are too valuable to ignore and there are projections that could provide significant returns in the future. In particular, five cryptocurrencies under $1 could show notable performance in the upcoming bull market.
VeChain (VET)
VeChain (VET) stands out as the first cryptocurrency on the list. VeChain, the native token of the enterprise blockchain platform of the same name, has proven its potential through the efforts of the team behind it as it continues its expansion in the supply chain industry.
During the market rally that started last September, VeChain demonstrated its growth potential by reaching $0.03877, an increase of 146% in three months. During this period, Bitcoin’s increase was limited to 72%.
However, VET is currently trading at $0.0289, down 22% from its peak in December 2023. Despite market fluctuations, optimism for VeChain remains, especially considering its recent successes such as its 200 million transaction success with Walmart.
Flare (FLR)
Flare (FLR) is one of the few cryptocurrencies that defies general trends in the market. Year to date, Bitcoin is up just 1.7% and Ethereum is up 1.13%, while Flare is up a remarkable 49%. This makes Flare one of the highest-earning assets of the year. The token is currently trading at $0.02624, up 151% since November.
Algorand (ALGO)
Algorand (ALGO) was one of the most affected by the correction in the past months. After reaching $0.2532 with an increase of 171% from September to December 2023, it suffered major losses as a result of the correction in January 2024.
XDC Network (XDC)
XDC Network (XDC) follows a unique path. In July 2023, while the overall market was declining, it attracted attention with an 85% increase. However, it failed to capitalize on the recent bullish wave and is trading at $0.04324, down 25.85% this year.
Stellar (XLM)
Stellar (XLM) is one of the assets that did not fully benefit from the previous market rally. However, it gained attention in 2017, at the peak of the bull market, reaching $0.9381, an increase of 32,943%. This has analysts suggesting that Stellar could perform similarly this cycle.
Source : The Crypto Basic