If it wasn’t obvious early in May, the crypto bull run has officially kicked off.
The total crypto market capitalization, which is currently at $3.53 billion, has broken out of a broadening descending wedge and is now on track to hit $4.4 trillion by July.
The Bitcoin price hit a new all-time high of $112,000 on Thursday, paving the way for a full-fledged altseason.
Bluechips like Ethereum, Solana, XRP and Pepe are deservedly grabbing the headlines. However, sidelined investors need to be aware of a few underrate altcoins that could deliver outsized returns in the coming weeks, significantly higher than the large caps.
5 Undervalued Cryptos To Watch This Altseason
In this article, we list the 5 cheap and undervalued altcoins — including low-cap gems, new meme coins and dino tokens — that could offer anywhere between 10x and 100x returns in this altseason.
Hyperliquid (HYPE)
The popular Layer-1 coin, Hyperliquid (HYPE), has hit a new all-time on Friday, that too in an environment where most altcoins are trading several times below their respective altcoins.
Despite being one of the newer and highly bullish crypto asset, HYPE tends to often get overlooked in the highly competitive Layer-1 sector. However, experts believe this won’t be the case soon.
Popular crypto influencer Ansem highlights that Hyperliquid, and particularly its cutting-edge HypeEVM, is largely untapped. And yet, it is one of the fastest growing application in the highly competitive Layer-1 sector, which indicates its upside potential. The $500 million plus annual buyback further sweetens the pot.
Ansem also finds striking similarity between Solana’s 2021 price action and HYPE’s 2025 trajectroy.
While the HYPE price has reached an all-time high of $36 today, experts believe it still has tremendous upside potential.
Considering it shows a strong obedience to its Fibonacci levels, there is a strong possibility that its price appreciates to $53 by Q2 end, which is its 1.618 Fib level, making it one of the best altcoins to buy now.
Worldcoin (WLD)
Owing to the highly competitive altcoin market, Worldcoin (WLD) has become one of the most underrated altcoins on the market, despite being the brainchild of OpenAI’s Sal Altman, one of the most influential figures in the tech industry.
Besides being underrated, WLD is also one of the most undervalued crypto assets on the market, still trading 86% below its all-time high despite its 25% rally today.
If the Worldcoin price only tags its current all-time high of $11.82 and nothing more, it would mean nearly 8x returns for current buyers.
Popular crypto analyst Solberg Invest projects that $WLD could appreciate to $2.82 in the short term following its breakout above the macro descending trendline.
Moo Deng (MOODENG)
While blue chips like Dogecoin and Pepe are grabbing the headlines, a relatively new Solana meme coin, Moo Deng (MOODENG), is quickly becoming one of the hottest meme coins on the market.
Based on a popular Thai hippo, it has quickly gained mainstream fame, particularly after its appearance on the popular late night show, Saturday Night Live.
Unsurprisingly, the Moo Deng meme coin secured a listing on the popular mainstream trading platform, Robinhood, which considerably raises it upside prospects during this bull run.
The MOODENG price is up by more than 700% over the past month. However, legendary trader Bluntz claims that it still has substantial upside in the short term, with a new all-time high on the cards.
MIND of Pepe (MIND)
The AI crypto sector remains one of the top performing asset class in the crypto market.
Smart money investors who were hunting for a low-cap gem in the sector have found MIND of Pepe (MIND), a new Ethereum-based AI agent coin.
The project has caught the attention of whales, which has resulted in a series of six-figure investments. As a result, the MIND presale has already raised over $10 million in short order.
The MIND of Pepe AI agent is already live. Soon, MIND hodlers will have access to cutting-edge market analysis, including whale activity, sentiment analysis and technical pattern analysis, as well as priority access to any meme coins that the agent creates.
MIND of Pepe also has its own X and Telegram platforms, which it will use for collecting online alpha as well as marketing itself.
Owing to its unique concept as well as small market cap, prominent analysts are even calling it the next 100x crypto.
Visit MIND of Pepe Presale
ZCash (ZEC)
One of the dino coins, ZCash (ZEC), has surprised investors with a surprising bull rally on Thursday.
The ZEC price is up by 12% on the day and over 40% over the past month.
ZCash is a highly undervalued altcoin, trading a staggering 99% below its all-time high. While it is unlikely ZEC ever reaches $5,941 ever again, analysts believe it could potentially reach $84 in the short term, which would mean nearly 2x returns for new buyers.
Owing to its long term viability and relatively small market cap, it is being viewed by experts as one of the best altcoins to buy for the Q2 bull run.
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