Cryptocurrency

Solana

Hedera

Lido DAO

Million

Cryptocurrency prices are down, and this, to a large extent, is driving investors to the edge. Although <a href="https://coingape.com/bitcoin-price-cryptoquant-ceo-predicts-btc-to-hit-265k-heres-why/" rel="noopener noreferrer nofollow">Bitcoin price</a> has relatively remained suppressed since the halving in April, most altcoins to buy are bearing the brunt.
For investors eyeing to grow their crypto portfolios to over $1 million in 2024, narrowing down to the best altcoins to buy is the toughest uphill battle. However, <a href="https://coingape.com/markets/4-ai-based-altcoins-outpacing-bitcoin-ethereum-xrp-in-2024/" rel="noopener noreferrer nofollow">CoinGape’s</a> expert-picked list may be a starting point. Conducting further research before deciding to buy any crypto token is paramount.
<h2 id="1-tops-altcoins-to-buy-ethereum">1. Tops Altcoins To Buy -Ethereum</h2>
Diversifying the altcoins to buy portfolio requires careful planning. As the largest altcoin with a market value of $358 billion and changing at $2,987, <a href="https://coingape.com/ethereum-remains-the-basket-case-this-bull-cycle-will-eth-price-dip-further/" rel="noopener noreferrer nofollow">Ethereum</a> earns a place in this portfolio.
The transition from a proof of work (PoW) consensus mechanism to a proof of stake (PoS) continues to open the Ethereum network to new opportunities. Investors can now stake ETH to participate in validating transactions and keep the network secure. By doing so, they earn rewards in the same coin, thus increasing their holdings.
The emergence of liquid staking protocols like <a href="https://coingape.com/lido-dao-ldo-price-hits-new-highs-in-extended-rally/" rel="noopener noreferrer nofollow">Lido DAO</a> allows stakers access to liquidity.
Ethereum currently sits 38% below its all-time high of $4,878, <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/ethereum">CoinGecko</a> data shows. As the second largest crypto, Ether is one of the most traded digital assets and therefore, extremely liquid.
<figure id="attachment_195912" aria-describedby="caption-attachment-195912" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-195912" src="https://coingape.com/wp-content/uploads/2024/05/chart-9.png" alt="Ethereum price weekly chart" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/05/chart-9.png 1644w, https://coingape.com/wp-content/uploads/2024/05/chart-9-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/05/chart-9-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/05/chart-9-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/05/chart-9-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/05/chart-9-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-195912" class="wp-caption-text">
 Ethereum price weekly chart
 </figcaption>
</figure>
Compared to other altcoins, Ethereum exhibits stability similar to that of Bitcoin. This reduces the volatility of the crypto portfolio thus helping to manage risk.
<h2 class="p1" id="2-dogwifhat-wif">2. dogwifhat (WIF)</h2>
The meme coin craze is far from over, with tokens in this sector, and immense potential. <a href="https://coingape.com/top-memecoins-on-base/" rel="noopener noreferrer nofollow">Meme coins</a> particularly in the Solana ecosystem have become gems, as investors seek a piece of the cake.
Dogwifhat (WIF), has within a short time become very competitive, achieving a new all-time high in Q1. It boasts a huge social following often boosting price movement.
After rising to $4.85 on March 1, from an all-time low of $0.067 in January, WIF gained a lot of attention from investors eyeing quick gains.
Being a meme coin, dogwifhat is among the most volatile cryptos in the market. Hence, investors must make calculated decisions when using it to diversify portfolios.
<figure id="attachment_195911" aria-describedby="caption-attachment-195911" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-195911" src="https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1.jpeg" alt="WIF price weekly chart altcoins to buy" width="1378" height="760" srcset="https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1.jpeg 1378w, https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1-300x165.jpeg 300w, https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1-1224x675.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1-768x424.jpeg 768w, https://coingape.com/wp-content/uploads/2024/05/WIF_7D_graph_coinmarketcap-1-150x83.jpeg 150w" sizes="(max-width: 1378px) 100vw, 1378px">
 <figcaption id="caption-attachment-195911" class="wp-caption-text">
 WIF price weekly chart
 </figcaption>
</figure>
WIF hovered at $2.89 on May 8 after its value depreciated by 12.30% in 24 hours. The crypto market has been experiencing doldrums in recent weeks, with most tokens struggling to find direction.
<h2 class="p1" id="3-solana">3. Solana</h2>
Smart contracts tokens like <a href="https://coingape.com/top-solana-memecoins/" rel="noopener noreferrer nofollow">Solana</a> were developed to provide alternative platforms for decentralized applications. Investors saw their potential as Ethereum ‘killers’ solving important challenges such as network congestion and high transaction costs.
Solana suffered the brunt of the <a href="https://coingape.com/ftx-to-sell-eu-assets-after-dismissing-323-mln-lawsuit-against-europe-wing/" rel="noopener noreferrer nofollow">FTX</a> implosion dropping to $8 from a record high of $260. While the narrative was that the ecosystem was dead and SOL might not recover.
<figure id="attachment_195910" aria-describedby="caption-attachment-195910" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-195910 size-full" src="https://coingape.com/wp-content/uploads/2024/05/chart-10.png" alt="altcoins to buy " width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/05/chart-10.png 1644w, https://coingape.com/wp-content/uploads/2024/05/chart-10-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/05/chart-10-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/05/chart-10-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/05/chart-10-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/05/chart-10-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-195910" class="wp-caption-text">
 Solana price chart
 </figcaption>
</figure>
Surprisingly, Solana made a splendid recovery in the last two quarters rising to $209 in March this year. Due to the current headwinds in the market, Solana trades at a massive discount from this level, at $146, and is worth having the altcoins to buy portfolio.
<h2 class="p1" id="4-polygon-matic">4. Polygon (MATIC)</h2>
The Ethereum ecosystem offers various technologies that help to advance the network. Polygon and other <a href="https://coingape.com/markets/5-layer-2-crypto-to-buy-aiming-100x-after-ethereum-dencun-upgrade/" rel="noopener noreferrer nofollow">layer 2</a> protocols work on top of Ethereum blockchain, allowing for faster and cheaper transactions, later confined on the mainnet.
<figure id="attachment_195909" aria-describedby="caption-attachment-195909" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-195909 size-full" src="https://coingape.com/wp-content/uploads/2024/05/chart-11.png" alt="altcoins to buy" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/05/chart-11.png 1644w, https://coingape.com/wp-content/uploads/2024/05/chart-11-300x219.png 300w, https://coingape.com/wp-content/uploads/2024/05/chart-11-1224x893.png 1224w, https://coingape.com/wp-content/uploads/2024/05/chart-11-768x561.png 768w, https://coingape.com/wp-content/uploads/2024/05/chart-11-1536x1121.png 1536w, https://coingape.com/wp-content/uploads/2024/05/chart-11-150x109.png 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-195909" class="wp-caption-text">
 Polygon price chart
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</figure>
Polygon has a market value of $6.3 billion, ranking #20 among other cryptos. Following an all-time high reached in 2021 at $2.92, <a href="https://coingape.com/polygon-launches-miden-alpha-testnet-what-it-means-for-matic-price/" rel="noopener noreferrer nofollow">MATIC ,</a> is offering a 76% discount. In the last 24 hours, the token has lost 4% of its value to $0.678.
<h2 class="p1" id="5-hedera-hbar">5. Hedera (HBAR)</h2>
Hedera is a token known for contributing to the decentralized crypto economy as an enterprise-grade public network. Developers creating powerful decentralized applications (<a href="https://coingape.com/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">dApps</a>) find the system very stable.
Based on <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/hedera">CoinMarketCap</a> data, HBAR hovered at $0.1088 on Wednesday, down 3% in 24 hours. From the all-time high of $0.56, Hedera gives an 81% discount.
The post <a href="https://coingape.com/markets/5-expert-picked-altcoins-to-buy-to-achieve-1-million-crypto-portfolio/" rel="noopener noreferrer nofollow">5 Expert-Picked Altcoins To Buy To Achieve $1 Million Crypto Portfolio</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

5 Expert-Picked Altcoins To Buy To Achieve $1 Million Crypto Portfolio

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