Top 5 Undervalued Altcoins Under $1 with 100x Potential in July.
The cryptocurrency market has undergone significant corrections, creating opportunities to invest in undervalued altcoins. As Bitcoin stabilizes above $60,000, here are five promising altcoins priced under $1 that could offer substantial returns.
1. **Ripple (XRP)**
XRP, known for enabling cost-effective cross-border payments, has dipped to $0.475 due to market corrections and ongoing legal challenges. With its dynamic support level intact since March 2020, XRP has the potential to rebound and target $2, offering significant growth opportunities.
2. **BONK (BONK)**
BONK, a meme cryptocurrency on the Solana blockchain, dropped from $0.000044 to $0.000018 during the market correction. Currently trading at $0.0000228, it shows strong reversal potential and could rally to $0.0001, driven by its community and overall market recovery.
3. **Graph (GRT)**
Graph, a protocol for indexing blockchain data, has corrected to $0.27 from a high of $0.49. Holding above its $0.27 support level, GRT is poised for a potential breakout that could end the correction trend and lead to significant gains, making it a valuable pick under $1.
4. **Oasis Network (ROSE)**
ROSE, a privacy-focused blockchain, has reversed from its support level of $0.082, now reaching $0.09. Historically, the platform's support trendline has been a strong accumulation point, suggesting that ROSE could rally to $0.13 and potentially $0.18.
5. **Polygon (MATIC)**
Despite a challenging start to 2024, MATIC, an Ethereum scaling solution, is currently trading at $0.55. With strong support around $0.50-$0.493, a rebound could see MATIC challenge resistance levels at $0.76 and higher, positioning it as a key altcoin to watch.
These altcoins are currently undervalued and could offer substantial gains. However, always conduct your own research and consult with financial advisors before making any investments.