The Federal Reserve is expected to make a decision on May 01, 2024, regarding a rate cut. This decision may lead to selling pressure in the crypto market. While analysts predict the Federal Reserve is likely to maintain the current rate, there are seven undervalued altcoins that could offer significant returns.

MAGA VP

The Politifi meme coin, MAGA VP, has recently gained traction despite a slight decrease in the last 24 hours. The current price is $0.1258, with the potential to reach $0.5 by the end of the year. Price predictions for 2030 range between $0.357372 and $0.579447, indicating a potential 348.27% increase.

SAND

The Sandbox partnered with CoinDCX to promote metaverse engagement, resulting in an increase to $0.4377. While there was a peak at $0.7823 in March, SAND has the potential to rebound to that level after the correction phase.

OSMO

Despite a 4.85% drop in the last 24 hours, Osmosis remains a promising option due to a rise in the 24-hour volume. Backed by the community, OSMO aims to reach $0.9486 from the current $0.8956 and potentially hit $1 by the end of the year.

GALA

GALA is currently valued at $0.04387, with a 12.59% increase over the past year. Despite a 7.74% decrease in the last 24 hours, speculation about the GalaSwap launch has generated interest, causing a 20% surge in February.

ENA

Ethena is approaching the $1 milestone, currently trading at $0.7913 with a 15.06% gain in the last 30 days. ENA is expected to test the $0.9 resistance by mid-year before reaching $1.

WDOGE

Wrapped Dogecoin's price is currently at $0.1417 but showed potential for a bull run as it traded above $0.150 recently. The upward trajectory is gaining momentum, suggesting a possible increase in the near future.

Conclusion

These seven altcoins have significant potential for future profitability, but thorough research is advised before investing. To start trading, individuals can register on Bitmex after conducting their due diligence.