5 Best Altcoins to Buy to Turn a $1000 Cryptocurrency Portfolio into Profit

The ongoing market lull is likely to scare investors away from taking positions in various altcoins to buy, especially after the overall disappointing performance witnessed post-Bitcoin halving. However, with proper market research, it is possible to take calculated positions for smaller cryptocurrency portfolios with the potential to increase profitability by $1000. Tokens to consider include Hedera (HBAR), Polygon (MATIC), Sei (SEI ), Fantom (FTM) and Beam (BEAM).

Each digital currency offers innovative solutions and is gaining traction in the industry, making it an attractive choice for investors looking to set aside a $1,000 investment.

1. Ivy (HBAR)

Hedera (HBAR), the main currency of the Hedera ecological network, plays several crucial roles. It facilitates transaction fees and secures the network via a proof-of-stake mechanism. HBAR’s total supply is capped at 50 billion coins and is traded across multiple platforms.

HBAR’s value has skyrocketed following recent mentions of BlackRock, rising more than 25% in just 24 hours. This spike highlights its potential as a strategic addition to a $1000 investment portfolio focused on undervalued altcoins.

Hedera price chart

Over the past week, HBAR has seen a 62% increase. Currently, Hedera price is $0.1258. In the last month it has increased by 16%. Now ranked 24th CoinMarketCapHedera has a market capitalization of $4.49 billion.

2. Polygon (MATIC)

Polygon (MATIC) operates as a foundational interoperability and scalability solution that amplifies the functionality of Ethereum. It complements the base layer of Ethereum by integrating a number of sidechains, thus increasing the scalability of the network and reducing transaction costs for its users.

In the last week, the MATIC price hup 8%, currently priced at $0.7148. This represents a slight 24-hour decline of 2.87%. With a market capitalization now standing at $7 billion, MATIC ranks among the top 18 cryptocurrencies.

3. Fantom (FTM)

Fantom (FTM) is an open source and decentralized platform that supports DApps and digital assets. It aims to address the shortcomings of previous blockchain systems by focusing on a harmonious balance between scalability, security and decentralization.

Recently, Fantom has shown a bullish pattern in its market performance, gaining over 11% in the past week. This spike in value positions it as a potentially undervalued asset for those looking to diversify a $1000 portfolio. Currently, Imaginative price is equal to $0.7374, recording a slight decline of 1.12% compared to the previous day.

4. Six (SIX)

Sei (SEI), a leading blockchain designed specifically for trading applications, has seen a meteoric rise, soaring more than 7304%. Despite its impressive surge, current market conditions show a decline of 10%. Six price, now at $0.5917. This downtrend has placed Sei at 59th position on CoinMarketCap with a market capitalization of $1.6 billion, suggesting it may be an undervalued asset in diversifying a $1,000 portfolio.

5. Radius (RADIUS)

Beam (BEAM) is another noteworthy blockchain that focuses on improving gaming experiences. It supports players and developers with tools for richer gameplay and is supported by Merit Circle DAO.

Beam Price Chart

Bundle price stands at $0.02765, reflecting a decline of 10% over the past day and 18% over the month. However, it saw an 8% increase last weekend and a 461% increase this year. Beam ranks 64th on CoinMarketCap with a market capitalization of $1.4 billion, marking it as another undervalued altcoin suited to portfolio expansion.

Bottom line

Hedera, Polygon, Sei, Fantom and Beam represent promising investment opportunities. As they continue to develop and expand their technologies, these altcoins are well positioned to capitalize on the growing momentum in the cryptocurrency market, potentially offering significant returns on a modest initial investment.

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