Expert Opinion: Here are the 3 Best Altcoins Under $1 That Will Explode! - Bithubi (2024)

Good cryptocurrencies do not have to be valuable. There are many solid or promising altcoin projects whose tokens or coins are below $1. According to crypto expert Camille Lemmens of AltcoinBuzz, once they increase their face, they will most likely explode. The expert shares 3 promising altcoins that are currently below $1.

First ranked altcoin: Polygon (MATIC)

The reason I chose Polygon is because Polygon 2.0 is coming. This will bring some changes to my current structure. It will be multi-chain and will come with a new token, POL. So, let’s start with the new POL token. It has already been live since the end of October 2023. You can upgrade your MATIC tokens to POL at a 1:1 ratio.

The supply of both tokens matches. However, currently gas prices are still paid in MATIC. You will have 4 years to convert your MATIC to POL. In other words, there’s no need to rush. POL will become the native Polygon token for all blockchains. You also have the opportunity to use it for staking.

Polygon Edge is modular and developers can configure it. So, you have a Blockchain network secured by PoS Blockchain and POL token. You can use POL to stake for all these Blockchain options. This includes restaking. Everything connects and becomes elastically scalable. Polygon calls this the Internet’s Price Layer. As a result, you get an ecosystem like Cosmos Hub or Polkadot.

In second place is Pyth Network (PYTH)

Altcoin Pyth Network is an oracle. The name Oracle comes from the Latin word ‘orare’. This means ‘to talk’. That’s what the ancient Greek prophets did. These were women chosen by the lords. You could ask them a question and when they spoke they would respond with a God.

Nowadays everything is a little more automated and technical. But the essence is almost identical. Blockchains cannot connect with the outside world. That’s why they need modern oracles to help them. These oracles can look at real-world information and transfer it to a Blockchain. For example, exchanges receive crypto asset price information in this form. But at the same time, Blockchain betting sites need sports results. Weather sites need weather reports, etc. This is where Pyth Network comes into play. It specializes in providing financial information. More than one of these exists in DeFi.

For example, it appears that Chainlink does not update its data frequently. Their documents tell us this. There is also the option to stake your PYTH. This could potentially qualify you for other Solana ecosystem airdrops. The minimum amount to stake will be approximately 1000 PYTH.

Last ranked altcoin: Centrifuge (CFG)

We move into the RWA area with Centrifuge. These are real-world assets and one of the hottest narratives for 2024. So what RWA does is it makes real world assets accessible to everyone. RWA platforms tokenize real-world assets and incorporate them into the Blockchain. Centrifuge is one of the pioneers of this. Their maim-net extends back to April 2020.

Now, Centrifuge allows you to borrow or lend assets. Therefore, this eliminates the middlemen and all the boards they take. It’s just an advantage. It is also possible to split an RWA into segments. Real estate is a good example of this. You may not be able to fully afford a real estate asset. However, once it is tokenized and split into modules, you can purchase shards of it. Another different aspect of Centrifuge is that it provides a compatible legal infrastructure. Next up are the liquidity pools launched by Centrifuge. On Ethereum, Base and Arbitrum. This allows you to deposit funds into RWA pools without having to leave a blockchain or switch wallets.

The opinions and claims in the article are those of the expert and are by no means investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.