Planning to build your investment portfolio? Here are the top coins for May worth adding to your watchlist.
The cryptocurrency market has been rough. Even the bigger coins aren’t able to escape the carnage of the potential crypto winter. Most tokens are recovering from the aftershocks of the devastating LUNA catastrophe that send tremors across the entire market. But with thousands of coins, it can be hard to find a promising project with long-term growth potential. Considering a crypto’s price rally, development team, market position, and future price potential, we have compiled the list of the top 5 coins for May week 4.
- Despite thousands of competitors that have sprung up, Bitcoin still remains the top coin in terms of usage and economic value.
- Since ApeCoin is directly linked to the market leader in the NFT space, APE seems to be a top coin to buy now.
- As a meme coin inspired by another meme coin, Shiba Inu has solidified its position in investors’ portfolios.
- Dogecoin has evolved beyond a meme and has entered the list of top 5 coins for W4 of May.
- With the demand for speedier transaction times ramping up, cryptocurrencies such as XRP will be more widely used, making Ripple a top investment opportunity.
Bitcoin (BTC)
Increased worldwide adoption has put BTC on the pedestal of the top 5 coins for week 4 of May.
Despite the major price crash, BTC continues to lead the pack of cryptocurrencies in terms of market capitalization, adoption, user base, and popularity. Bitcoin offers a wide range of use cases for its users, such as anonymity, low transaction fees, genuine cross-border payments that are not reliant on politics, etc. Moreover, following El Salvador, several countries are planning to adopt Bitcoin as their mode of payment. As more organizations start to accept Bitcoin officially, the value of BTC will eventually rise, making it one of the top coins to buy in May.
Crypto assets are a highly volatile unregulated investment product.
ApeCoin (APE)
Thanks to the increased media attention that ApeCoin is generating, APE could become one of the top coins to buy.
Bored Ape Yacht Club NFTs have entered the public’s consciousness, and several high-profile names have added it to their list of premium digital assets. In addition, the recent release of ApeCoin has garnered the attention of several investors as the coin has massive potential in the future.
ApeCoin is basically an ERC-20 token created explicitly for governance and utility. The crypto was created and launched by ApeCoin DAO, a decentralized autonomous organization with the major goal of enhancing the growth of APE in the coming years.
ApeCoin is one of the top 5 coins for May as it has numerous utilities, making it a high-value investment coin. Moreover, the cryptocurrency has several potential partnerships in the pipeline and will soon become associated with various blockchain-based games, solidifying APE as a good buy now.
Crypto assets are a highly volatile unregulated investment product.
Shiba Inu (SHIB)
Shiba Inu coin’s increasing popularity and people’s interest in participating in it point towards a dazzling future.
Shiba Inu, the meme coin, burst into the limelight in October 2021 when the crypto exploded by over 1000%, thanks to buzz from social media sites such as Reddit. However, unlike other meme coins, SHIB has a tangible use case with its recently launched decentralized exchange (DEX), ShibaSwap. Users can seamlessly stake their Shiba tokens to earn interest with ShibaSwap. Another factor that makes SHIB one of the top coins for May is the team’s announcement that it plans to enter the layer-2 space with its own network focused on scalability.
Moreover, numerous cryptocurrency exchanges have accepted SHIB for listing, vastly improving its liquidity. Additionally, ShibaSwap also contributed to its profitability as it allows investors to stake their coins to earn passive income. Needless to say, Shiba Inu has overcome incredible odds and delivered massive returns for several investors, making it one of the top 5 coins to buy in May.
Crypto assets are a highly volatile unregulated investment product.
Dogecoin (DOGE)
Dogecoin remains an incredibly popular project, making DOGE one of the top coins to buy now.
Dogecoin, the original “memecoin,” created a massive new wave in the crypto market in 2021 as the coin price skyrocketed. Today, Dogecoin is not merely a meme token but has solidified its position in the top 5 coins for May. In addition, DOGE is now accepted as a form of payment by some major companies, including the Dallas Mavericks, Kronos, Tesla, and SpaceX, an American aerospace manufacturer owned by Elon Musk.
Dogecoin has kept its investor base intact. The Dogecoin roadmap 2022 revealed that the team has listed down multiple new projects the network has in the pipeline, eventually driving its adoption.
Crypto assets are a highly volatile unregulated investment product.
Ripple (XRP)
Thanks to partnerships with established banks and financial institutions, XRP is one of the top 5 coins for May.
XRP is a digital currency that can be used on the network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. Using XRP, cross-border payments reach almost instantly, in stark contrast to traditional systems.
Moreover, several financial institutions and banks have already adopted XRP as the crypto provides high liquidity that banks require to operate. Several banks like Santander and Bank Dhofar, and leading firms like Exchange4Free, FairFX, MoneyMatch, etc., have already joined RippleNet reaping the benefits of Ripple. Despite the ongoing lawsuit with SEC, the network has flourished outside of the US, making it a top buy coin for May.
Crypto assets are a highly volatile unregulated investment product.
The Bottomline
The field of cryptocurrencies has expanded dramatically with the introduction of new and innovative cryptocurrencies. If you are planning to step your foot into the crypto investment sphere, here are the top 5 coins for May 2022.
Read More:
The 5 Best Ways To Buy Bitcoin (BTC)
The 5 Best Ways to Buy Dogecoin
Best Meme Coins To Buy This Month
What Are The Best NFT Cryptos To Buy Now? Our 5 Top Picks