- Altcoin Daily shared the altcoins trading below $1 that they believe could see huge gains during the next bull run.
- The altcoins included in the list were AGIX, MATIC, GRT, and VET.
- All of the altcoins mentioned in Altcoin Buzz’s list experienced price decreases over the past day of trading.
In their latest YouTube video, the crypto news and analysis platform Altcoin Buzz shared some of the altcoins under $1 that could blow up soon. The altcoins included in the list were SingularityNET (AGIX), Polygon (MATIC), The Graph (GRT), and VeChain (VET), and were referred to as Chinese altcoins in the analysis.
Altcoin Buzz stated in their video that there are several quality altcoins in this category with token prices below one dollar. According to the channel, these undervalued gems have the potential to see huge growth, possibly achieving 50x or even 100x gains during the next crypto bull run.
„SingularityNET“ (AGIX)
With regards to AGIX, Altcoin Buzz pointed out a variety of factors that make the project so exciting. Firstly, SingularityNET is a project at the intersection of artificial intelligence (AI) and cryptocurrency. Secondly, the platform aims to build an open-source, decentralized artificial general intelligence (AGI) network.
In addition to this, Altcoin Buzz also highlighted the fact that it provides a marketplace for developers to develop and monetize their AI services. With an expanding ecosystem and strong partnerships, the analysts at Altcoin Buzz believe AGIX has the potential for significant price appreciation.
Meanwhile, CoinMarketCap indicated that AGIX was one of the many cryptocurrencies that suffered a loss over the past 24 hours of trading. At press time, the altcoin was worth about $0.2602 after a more than 7% price drop. This ended up pushing AGIX’s weekly performance even further into the red at -15.65%.
Daugiakampis (MATIC)
The Altcoin Buzz team also expressed their excitement about MATIC as the project has witnessed remarkable growth, which is evident by the increasing number of daily addresses on the Polygon network. Polygon’s recent partnership with Mastercard further solidified its position as a leading player in the crypto industry.
The project’s continuous adoption and positive developments make MATIC a compelling investment option for Altcoin Buzz, and the team believes a price target of $1 seems plausible in the near future. Almost all of the top 10 cryptocurrencies saw their price decrease over the past day, and MATIC was no exception.
At press time, the altcoin was trading hands at $0.8268 after it experienced a 7.07% price drop. As a result, MATIC’s weekly performance was also in the red at -8.91%. Meanwhile, the crypto’s 24-hour trading volume saw an increase of more than 60% and stood at $355,075,837.
Grafikas (GRT)
Altcoin Buzz explained that The Graph (GRT) stands out among big data crypto projects, as it boasts the highest market cap in this category. The Graph also solves a significant problem in the crypto space — data querying. With its resilience and wide availability, Altcoin Buzz is convinced that GRT has the potential to reach the $1 mark given favorable market conditions.
GRT was another crypto that fell prey to the recent market sell-off as, at press time, the altcoin was worth about $0.1165. This comes after GRT experienced a price drop of more than 5% over the past day of trading.
As a result, GRT ended up weakening against both market leaders, Bitcoin (BTC) and Ethereum (ETH). GRT was down against BTC by 1.66% at press time, and down against ETH by about 2.80%.
VeChain (VET)
When looking at VET, Altcoin Buzz highlighted the fact that the project focuses on blockchain and logistics, providing practical solutions to real-world problems. The team also pointed out that VeChain’s application in inventory tracking and supply chain management has gained recognition and institutional support.
With China’s growing involvement in the crypto industry, Altcoin Buzz stood fast in their belief that VET’s long-term value proposition is highly promising. Despite this, VET was yet another crypto that suffered losses over the past 24 hours.
At press time, the altcoin was trading hands at $0.01852 after it experienced a 5.22% price decrease. This pushed VET’s weekly performance even further into the red at -10.93%. VET’s market cap of $1,347,075,500 meant that it was ranked as the 38th biggest cryptocurrency in terms of market capitalization.
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Source: https://coinedition.com/agix-matic-grt-vet-show-potential-to-print-50x-gains-experts/