Crypto Investors Focus on Altcoins Following Bitcoin Surge

Bitcoin’s Surge Shifts Focus to Altcoins

Bitcoin’s significant rise has turned crypto investors’ attention towards altcoins. The altcoin season typically follows a Bitcoin rally, reflecting greater upside potential for various cryptocurrencies. Analysts at Analyst Buzz have identified altcoins trading below $1 that offer good buying opportunities before the expected second leg of the bull market this year.

**Use this prompt to create the desired illustration with AI assistance** – Create a vector-style illustration featuring a cartoonish, chubby businessman with sunglasses, dressed in a suit, and smiling with a cigar in his mouth. One of his hands is in his pocket, while the other hand is tossing a coin. Behind him, depict a hill made of various cryptocurrency coins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Binance Coin (BNB). Use a modern, tech-inspired background with a mix of blue and gold tones to convey a sense of innovation and value. Ensure the overall composition is visually balanced and engaging

Polygon’s MATIC Still Shows Promise

Analysts first highlight Polygon’s MATIC. Despite underperforming compared to other top-tier altcoins last year, this increases analysts’ belief in its potential. MATIC’s price has dropped over 75% from its all-time high of $2.92, which contrasts with the performance of larger cryptocurrencies like Bitcoin and Ethereum. Analysts believe MATIC could perform better in this bull market

Ondo Finance Stands Out Among Altcoins

Ondo Finance has emerged as one of the standout altcoins in the crypto world in 2024. Thanks to its partnership with BlackRock, this cryptocurrency has gained significant attention, rising from $0.08355 to over $1 this year, achieving gains of over 1,000%. Despite experiencing a correction, analysts predict Ondo Finance will continue to perform well during the bull run.

Oasis Network (ROSE) Maintains Its Potential

Oasis Network’s ROSE is listed by Analyst Buzz analysts as an altcoin that will perform better in the bull market. This Layer 1 Blockchain project remained under the radar during the bear market, with its price dropping 90% from its all-time high of $0.59. However, ROSE’s price is now starting to rise and is currently trading at $0.091. With a market cap still below $1 billion, ROSE provides significant upside potential during the bull market.

Is Golem (GLM) Still in the Game?

Golem’s native token GLM is also among the altcoins with potential to perform better in the bull market. Golem offers a peer-to-peer distributed computing resource that allows users to interact directly with each other. With AI and computing topics gaining prominence in the crypto market, Golem is expected to benefit from this trend. GLM, after a tumultuous start to 2024, is currently trading 57% below its all-time high of $1.25. With a market cap still below $1 billion, GLM leaves room for significant upside potential.

This article was generated with the assistance of AI and based on information gathered from various sources.

Follow us on the social media platforms you're most comfortable with

Whatsapp – Telegram – Youtube – Instagram – X – Pinterest