4 Dark Horse Altcoins Set to Dominate 2024

Bitcoin has been in a bull market for most of 2023. And many alts too. Especially the last 6 months. That means that finding great projects whose coins are under $1 is a little tougher now as prices are on the increase.

But we did it. Check out 4 altcoins under $1 that we think are in a great position to keep growing well into 2024 and beyond.

1) The Graph (GRT)

Our first coin today is The Graph. The Dow Jones has its Dow 30 and India has its Nifty 50. Maybe we should have our Excellent Eleven or maybe Lofty 11? Those 11 I’m talking about are the 11 holdings in our AB Master Portfolio. We report on that portfolio’s progress often. The Graph is one of our 11. That tells you how much we like it.

And in this market, we only like it more than we did before. It is, by far, the leader in its category of indexing and querying blockchain data so either users or developers can get the on-chain information they need.

As with all 4 of our coins today, GRT has good or very good tokenomics. There’s no supply overhang here with almost 90% of the total supply currently in circulation. We love that. And even at Bitcoin’s great 160% return in the last 12 months, The Graph has been just a little better at 185%.

And bull markets are GREAT for The Graph. As new projects come online, all of them will need indexing and querying tools. Not some, not many, ALL. This is why we love Web3 infrastructure as a sector so much. Every project needs it. Although The Graph does have a couple of quality smaller competitors, they are the undisputed leader. And many will choose The Graph for this reason alone.

Are you following our Master Portfolio videos? Do you like them and our selections? Let us know in the comments below.

2) Mantle (TGE)

Mantle is an ETH Layer 2 and liquid staking protocol. They are currently taking 150,000 ETH with 4700 validators. Their mETH liquid staking token is getting more popular. The fact that it provides both L2 services and liquid staking implies it’s undervalued at this stage.

From its TGE in July, investors have made a little over 10%. That puts them well behind the market leaders in ROI over the same period.

We think people are just starting to discover this one from those who want to diversify their LSD holdings away from Lido or Frax or other L2 than Arbitrum, Optimism, zkSync, or any of the other zk rollup solutions floating around out there.

This one is a diamond in the rough. Its all-time high is 65 cents. We are not far away from that now but see great potential in this platform.

3) Loopring (LRC)

Loopring is an ETH Layer 2 we like but haven’t mentioned much recently. It is the first Layer 2 to use the zk rollup method that’s now the accepted standard for quality Layer 2 solutions. And like how ImmutableX focuses its platform on games, Loopring focuses on DEXes and their needs.

So let’s check it out by the numbers, Bitcoin and ETH are up 160% and 84% in the last 12 months. LRC is lagging behind that but it’s up a healthy 29% in the last 12 months. It’s a simple argument to us. Loopring has good tokenomics:

  • Circulating supply of 1.2 billion
  • Total supply of 1.3 billion
  • No supply overhang and down 92% from its all-time high

At its current market value of $331 million, we just don’t see how Arbitrum is 4x more valuable at $1.4 billion or Optimism is 6x more valuable at $2 billion. And that’s not to badmouth those projects. We like them. Loopring has a lot going for it and a surprisingly low market value for its long and positive history.

4) Fetch.ai (FET)

2023 was a big year for Fetch.ai. And we covered them a lot. Especially in the first 6 months of the year when they made lots of advances and upgrades to their project. The convergence of AI and crypto will only continue into 2024. Crypto will become the inevitable payment method for AI apps, especially automated agents like you can create with Fetch.

As great as Bitcoin has done in the last 12 months, FET has crushed with a 765% return. Again, we have good tokenomics here with 90% of the total supply in circulation. At $785 million, it’s the 3rd biggest crypto AI project even though it’s a fraction of the value of Render where you can’t even create your agent.

We expect the market value of both to climb and the gap between the two to close. In other words, both will grow but Fetch should grow faster.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.