The recent crypto flash crash shook the market and many projects drifted to the red zones. While some have rebounded, others remain undervalued, presenting investment opportunities. Analyst Altcoin Buzz took to his latest video and brought to attention three altcoins that are available at a discount.
Coin 1: Fetch.ai
Fetch.ai is a promising project that merges three key players in the AI and blockchain space: Fetch, Singularity, and Ocean Protocol. Despite the potential, FET has struggled to recover its value after the crash, currently trading around $0.82—down 40% from its previous merger price of $1.26. Analysts believe that as AI and blockchain technologies continue to integrate, FET’s value
Coin 2: The Graph
The Graph (GRT) is a crucial infrastructure project in the crypto space, providing essential indexing services for blockchain data. Despite its strong fundamentals, GRT is currently down about 40% since the flash crash, trading at just above $0.14. This drop offers a buying opportunity for a project that is important for both developers and users in the blockchain ecosystem.
Coin 3: Mantra
Mantra is making waves in the Real-World Assets (RWA) sector, aiming to be the first fully compliant Layer-1 blockchain for traditional financial assets. The project has seen significant growth, with its OM token up 4,000% over the last year. However, the recent market downturn saw OM drop by 35%. As RWAs continue to gain traction, Mantra might witness growth.
Is the Altcoin Season Coming?
Analysts are comparing the current cryptocurrency market cycle to previous ones from 2017 and 2021, observing similar patterns that suggest we’re in a key phase of the market. In past cycles, Bitcoin and altcoins like Ethereum, XRP, and Litecoin saw significant price increases after reaching this stage. As the market transitions out of the bear phase, altcoins start to gain momentum, leading to explosive growth during “altcoin season.”