3 Undervalued Altcoins to Watch as the Market Recovers From the Crypto Flash Crash

The recent crypto flash crash shook the market and many projects drifted to the red zones. While some have rebounded, others remain undervalued

The recent crypto flash crash left many projects battered and bruised. While some have managed to quickly rebound, others still remain undervalued, presenting potential investment opportunities.

In his latest video, renowned crypto analyst Altcoin Buzz highlighted three altcoins that are currently available at a discount.

Coin 1: Fetch.ai (FET)

FET is a promising project that brings together three key players in the AI and blockchain space: Fetch, Singularity, and Ocean Protocol. Despite its strong fundamentals, FET has struggled to fully recover its value following the crash. Currently, it trades at around $0.82, which is still down by 40% from its previous merger price of $1.26.

Analysts believe that as artificial intelligence and blockchain technologies continue to integrate and merge, FET's value is likely to follow suit and experience growth.

Coin 2: The Graph (GRT)

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, offering a buying opportunity for a project that is important for both developers and users in the blockchain ecosystem.

Currently, GRT is trading at just above $0.14.

Coin 3: Mantra (OM)

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 already seen significant growth, with its OM token going up by 4,000% over the last year.

However, the recent market downturn saw OM also drop by 35%. As RWAs continue to gain traction, Mantra might witness growth.

Is the Altcoin Season Coming?

As we observe the current cryptocurrency market cycle and compare it to previous ones from 2017 and 2021, we can't help but notice some striking similarities that suggest we might be 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.”

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