Bitcoin has been in a bull market for most of 2023. And many altcoins were similar. Especially the last 6 months. This means that while prices are rising, it’s a little harder to find great altcoin projects with coins under $1. Crypto expert Stu L from the Altcoinbuzz team takes a look at 4 altcoins under $1 that he says will continue to grow in 2024 and beyond.
At the top of the list is The Graph (GRT)
Graph is the clear leader in the category of indexing and querying Blockchain data. Thus, users or developers can get the on-chain information they need. Like our 4 coins today, GRT has good or very good tokenomics. With almost 90% of the total supply currently in circulation, there is no oversupply here. Even with Bitcoin’s amazing 160% return over the last 12 months, The Graph is doing slightly better at 185%.
Bull markets are great for The Graph. As new altcoin projects come online, they will all need indexing and querying tools. Not some, not most, but all! That’s why we love Web3 infrastructure as an industry. Every project needs this. Although The Graph has several quality smaller competitors, it is the undisputed leader. And many people will choose The Graph for that reason alone.
Second ranked altcoin: Mantle (TGE)
Mantle is an ETH Layer-2 and liquid staking protocol. They are currently receiving 150,000 ETH with 4700 validators. Their mETH liquid staking token is becoming increasingly popular. The fact that it provides both L2 services and liquid staking means it is undervalued at this stage.
Since its TGE in July, investors have gained just over 10%. This leaves them well behind the market leaders in terms of return on investment over the same period. We think those looking to move their LSD assets away from Lido or Frax, or L2 other than Arbitrum, Optimism, zkSync or other zk rollup solutions floating around are just starting to discover this. It’s like a diamond. The all-time high is $0.69. It’s not too far from that right now. But there is great potential in this platform.
We continue the list with Loopring (LRC)
Loopring is an ETH Layer-2 that we like but haven’t talked about much lately. The first Layer-2 to use the zk-rollup method, which is now the accepted standard for quality Layer-2 solutions. Just as ImmutableX focuses its platform on games, Loopring focuses on DEXs and their needs.
Let’s check it out with the numbers: Bitcoin and ETH are up 160% and 84% in the last 12 months. LRC falls short of this. However, the altcoin is up a healthy 29% in the last 12 months. This is a simple argument for us. Loopring has good tokenomics:
- Circulating supply is 1.2 billion.
- Total supply of 1.3 billion.
- There is no oversupply and it is down 92% from its all-time high.
We don’t understand how Arbitrum, with its current market cap of $331 million, is 4 times more valuable at $1.4 billion, or how Optimism is 6 times more valuable at $2 billion. We do not say these to disparage altcoin projects. We love them. Loopring has a surprisingly low market cap for its long and positive history.
Last ranked altcoin: Fetch.ai (FET)
cryptokoin.comAs you’ve been following from , 2023 was a big year for Fetch.ai. They made many advances and upgrades to their projects, especially in the first 6 months of the year. Artificial intelligence and crypto convergence will only continue until 2024. Crypto will become the inevitable payment method for AI applications, especially automated agents like the ones you can build with Fetch.
As big as Bitcoin has done in the last 12 months, FET has crushed it with a 765% return. Again, there is good tokenomics here with 90% of the total supply in circulation. At $785 million, it’s the 3rd largest crypto AI project, even though it’s a fraction of the value of Render, whose tool you can’t even create. We expect the market value of both to rise and the gap between them to close. In other words, both altcoins will grow, but Fetch will grow faster.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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