5 Hidden Gem Altcoins Under $1.00 – Reviews

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5 Hidden Gem Altcoins Under $1.00

Altcoins under $1 always have a certain appeal. However, only a week ago, the crypto sector saw a hard crash. Bitcoin crashed and altcoins crashed even harder. Now, today, all wicks have been token out at $107,000. All longs have been taken off the table.

Now there’s $17 billion in shorts at stake at $125,000 for Bitcoin. You can get these altcoins under $1 at a bargain rate right now. That’s before the market goes ballistic in an upwards trend.

Sei Network ($SEI)

Sei Network ($SEI) is the first on today’s list of altcoins under $1. It’s a financial app chain. Sei is fast, with low costs and scalable. Exactly what you need in the financial world. So, why are investors looking into $SEI?

In a recent development, the most powerful names in global finance are coming to Sei. How about BlackRock’s ICS US Dollar Liquidity Fund and Brevan Howard’s Master Fund. These are now live on Sei. We’re talking tokenized RWAs brought to Sei by KAIO. In this case, institutional RWAs.

This shows that Sei Network keeps building and working to become a major player in RWA. The world’s largest tokenization platform, Securitize is also on Sei. It currently has over $4.5B in tokenized assets under management. 

Global capital market data is also live on Sei. This is done with Chainlink DataLink. Another big player that you can find on the Sei Network. You can find real-live data of the Deutsche Börse on Sei. 

With a current $SEI price of 21 cents, it finds itself still locked in an accumulation zone. However, Ali Martinez on X can see a parabolic run for $SEI coming soon. He also compares $SEI to $SUI in 2024.

Ondo Finance ($ONDO)

It’s been a while since I last talked about Ondo Finance ($ONDO). So, it’s about time it found itself on this list of altcoins under $1. 

In early September, Global Markets went live on Ondo. These markets bring traditional public securities on-chain. In all fairness, I expected this to be more of a catalyst than it has been so far. Still, this is massive news, and Ondo is still leading the RWA charts. From that point of view, I still see Ondo as a sleeping giant.

Ondo’s infrastructure is all set to bring Wall Street on-chain. October 6th was an important date in this. That’s when Ondo Finance completed its purchase of Oasis Pro. That’s a licensed broker-dealer in the US. With this, Ondo moves away from being “just another RWA project”. It now pivoted towards infrastructure that can legally operate in U.S. capital markets. This lowers regulatory risk and opens doors for institutional capital.

The current $ONDO price is 76 cents. Its market cap is $2.4 billion. There’s no token unlock until 17th January 2026. So, $ONDO keeps accumulating around that $1 price tag. To me, it looks like $ONDO is very much undervalued. The RWA market is still a strong force to reckon with.

Pudgy Penguins ($PENGU)

With Pudgy Penguins ($PENGU) we left the realm of altcoins. $Pengu is, in all fairness, a memecoin. However, this one is different! Really. Let me show you why. How many crypto projects do you know that you can find in Walmart or Target stores? Well, you can buy a Penguin there. 2 million toys already went over the counter.

The team also recently launched their Pudgy Party mobile.game. It launched late August and in 6 weeks’ time, it already has 750,000 downloads. So, that’s us, the users that like the Penguins. 

However, institutions are also warming up to these plushy animals. Canary Capital filed for an ETF for $PENGU and the Pudgy Penguin NFTs. This can bridge the meme/NFT world with more “legitimate” financial products. 

The popularity jumps off the social media outlets of the Penguin family. The Penguins have over 5 million followers between YouTube, TikTok, and Instagram. Their GIFs have over 148 billion views. That’s massive!

The current $PENGU price is around 2.3 cents with a $1.46 billion market cap. Like many other altcoins, it seems to be stuck in this accumulation zone. However, according to Ali Martinez on X, a move back up to 3.5 cents is possible.

Cronos ($CRO)

Cronos (CRO) is the native cryptocurrency and token of the Cronos Chain. This is a Layer-1 blockchain developed by the Crypto.com exchange. $CRO is its native token. You can use it, among others, for paying transaction fees or for staking.

Since early October, you can find Morpho’s lending vaults on Cronos. This is a complete lending infrastructure that moved on to Cronos. You can now borrow or supply assets, like wrapped $BTC or $ETH, straight on Cronos. This increases utility, capital flows, and demand for $CRO. Not only as collateral but also as a network token.

Even bigger news was that the Trump Media Group and Crypto dot com bought around 584 million $CRO. $CRO will become the utility token for the Truth Social platform. The $CRO price went from 16 cents to 38 cents in only 2 days. In an earlier deal, the Trump Media Group was mentioned in a deal to buy $6 billion in $CRO. This is part of a $CRO treasury deal. No wonder the price went up like that.

However, the dust has settled a bit and the $CRO price is now at 15 cents. It has a $5.4 billion market cap.

Ethena Labs ($ENA)

Ethena Labs ($ENA) is the last of today’s altcoins. To clarify, though, $ENA is an altcoin. However, Ethena’s flagship token is a stablecoin, $USDe. This is different from most stablecoins, since it is a synthetic dollar. To clarify again, this means that crypto assets back it. This in combination with corresponding short futures positions.

Ethena has a Whitelabel Stablecoin-as-a-Service product line. Its latest stablecoin to emerge from here is $jupUSD. This will be the native stablecoin of the Jupiter stack. As you may know, Jupiter is a leading DEX on Solana. You can find $jupUSD in, for example,

  • Jupiter Perps. Currently, there are around $750 million in stablecoins inside JLP. $jupUSD will gradually replace them. JLP is the Jupiter Perps Liquidity Provider.
  • Jupiter Lend as the cornerstone lending asset

In other news, UR partnered with Ethena Labs, so you can get now up to 5% APY on your $USDe. 

So, let’s take a look at the current $ENA price at 42 cents and a $3 billion market cap. Out of 15 billion $ENA tokens, 7.1 billion circulate. On October 5th, we saw a big token unlock of almost 172 million $ENA. That was worth around $101 million. The price dropped 5% because of this. Two days later, the price dropped another 10%, from 60 cents to 54 cents. Another drop is possible before $ENA finds it way up again in October.

Which is your favorite token on this list of altcoins under $1? Let me know in the comments. Make sure to join our discussions on X and Discord.

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Disclaimer

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 accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from 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.

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