Crypto analytics platform Altcoin Buzz has shared some of the sub-$1 altcoins that will explode soon. The altcoins on the list are known as Chinese coins. According to analysts, these gems probably have 50x potential during the next crypto bull run.
First altcoin: SingularityNET (AGIX)
Regarding AGIX, analysts point to several factors that make the project so exciting. Firstly, SingularityNET is a project located at the intersection of artificial intelligence (AI) and cryptocurrency. Second, the platform aims to build an open-source, decentralized artificial general intelligence (AGI) network. In addition, analysts highlight the fact that it provides a marketplace for developers to develop and monetize their AI services. Analysts say that with an expanding ecosystem and strong partnerships, AGIX has the potential for significant price growth.
AGIX price / Source: CoinMarketCapMeanwhile, CoinMarketCap shows that AGIX is bigger than many cryptos that have lost in the last 24 hours. At the time of writing, the altcoin is worth around $0.2602 after a price drop of more than 7%. This pushed AGIX’s weekly performance even further into the red with a 15.65% loss.
Polygon (MATIC) comes in second place
Analysts note the increase in the number of addresses per day in the Polygon network. That’s why they express their excitement from MATIC as the project is witnessing significant growth. As you follow on Kriptokoin.com, Polygon has formed a partnership with Mastercard. This further solidified its position as a leading player in the crypto industry. The continued adoption of the project and positive developments make MATIC an attractive investment option for AltcoinBuzz. Also, the team suggests that a $1 price target in the near future seems reasonable. Meanwhile, almost all of the top 10 cryptocurrencies have dropped in price over the past day. MATIC was no exception.
MATIC price / Source: CoinMarketCapAt the time of writing, the altcoin was trading at $0.8268 after experiencing a price drop of 7.07%. As a result, MATIC’s weekly performance was also in the red, losing 8.91%. Meanwhile, the coin’s 24-hour trading volume has increased by over 60%. Thus, the volume reached $355,075,837.
The Graph (GRT) also entered the altcoin list
Altcoin Buzz says The Graph (GRT) stands out among big data crypto projects as it has the highest market cap in this category. The Graph also solves an important problem in the crypto space: querying data. With its flexibility and wide availability, analysts note that GRT has the potential to reach the $1 mark given favorable market conditions. Meanwhile, GRT was another crypto that fell victim to the recent market sell-off. This comes after GRT experienced a price drop of over 5% in the past trading day.
GRT price / Source: CoinMarketCapAs a result, GRT weakened against both market leaders Bitcoin (BTC) and Ethereum (ETH). At the time of writing, GRT has lost 1.66% against BTC and around 2.80% against ETH.
The latest altcoin project VeChain (VET)
While looking at VET, Altcoin Buzz highlights that the project offers practical solutions to real-world problems, with a focus on Blockchain and logistics. The team also points out that VeChain’s application in inventory tracking and supply chain management has gained recognition and corporate support. With China’s growing involvement in the crypto industry, analysts remain confident that the long-term value proposition of VET is quite promising. Despite this, VET has been another crypto that has suffered losses in the last 24 hours.
VET price / Source: CoinMarketCapAt the time of writing, the altcoin was trading at $0.01852 after experiencing a price drop of 5.22%. This pushed VET’s weekly performance even further into the red with a 10.93% loss.
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