The cryptocurrency market is booming at a rapid pace today. Thanks to the advancements in blockchain technology, there are more than 7000 cryptos in existence today. But this increasing number of digital assets has labelled many cryptos as under-performers.
Here’s a list of the best underperforming cryptocurrencies to buy in May 2022 that have future potential and growth.
Best 3 Underperforming Cryptos To Buy In May 2022:
1. Ripple (XRP)
Ripple was a unique creation of the Ripple Labs to take out the higher cost of inter-banking transfers. Known as the ‘king of banking infrastructure,’ XRP was made to be more fast, scalable, and less costly cryptocurrency.
One of the major reasons why Ripple is an underperformed crypto is because of its non-traditional platform model. It is used with a network of variations rather than a blockchain.
The current market cap of XRP is around $30.1 billion and it relatively has a low price-per-coin compared to other cryptocurrencies.
But, XRP was taken out from the top 10 list in CoinMarketCap and currently lies in the 6th position in the ranking. Everything aside, XRP’s management claimed that it has signed almost 300 banking and financial customer partnerships showing a bright future for this crypto.
Ripple has an established global presence and healthy partnership with top banks, making it one of the best underperforming cryptocurrencies to buy in May.
Considering it as a token that can be staked, XRP offers a good yield in both fiat terms and security. For investors who want a diverse portfolio, XRP is the best option as it provides several unique features that might become more appealing in the future.
Check Out: What Will Ripple Be Worth In 10 Years
#2: Stellar Lumens (XLM)
Stellar Lumens is a unique cryptocurrency project that acts as a peer-to-peer lender for moving money across borders targeting the unbanked, unlike Ripple.
XLM has been an undervalued coin because it deviates from the traditional cryptocurrency, and investors have to understand its unique in-built technology.
XLM challenges the existing payment providers as they charge higher fees for similar transactions. Lumen, the native token of Stellar Network, allows seamless transaction of money and conversion of currency.
XLM is categorized as an underperforming cryptocurrency because it has a different and more advanced technology. It is secured by the Stellar Consensus Protocol that has four significant properties. Those are decentralized control, low latency, asymptotic security, and flexible trust, making it one of the most secure and trustable networks.
With a market cap of around $4.39 billion, XLM is ranked 30th in the CoinMarketCap ranking.
True adoption, usability, and sustainability are things that investors can expect from XLM, making it one of the best underperforming cryptocurrencies to buy in May.
Because of its market scarcity, XLM is expected to be a potential investment for over five years. As a Fintech cryptocurrency, it remarkably plays its part by reducing transaction and remittance costs.
More On XLM: Is Stellar Lumens Worth Keeping An Eye On?
3. Bitcoin Cash (BCH)
The purported goal of Bitcoin Cash, the peer-to-peer electronic cash system, is to be secure global money. It aims to provide fast payments, micro fees, higher transaction capacity, and high privacy.
Unlike any other crypto, Bitcoin Cash is handed directly to the person being paid, similar to physical money.
BCH ensures complete privacy as it cannot be censored because it does not depend on any middleman or centralized authority.
Bitcoin cash is considered underperforming because it often gets hidden by the popularly known cryptocurrency, Bitcoin. It was also removed from the top 10 of CoinMarketCap ranking and currently ranks 23, with a market cap of around $5.46 billion.
But BCH is one of the best underperforming cryptocurrencies to buy in May because, unlike Bitcoin, it aims to scale so that it can meet the demands of the global payment system.
Though Bitcoin Cash has its issues, there is a good chance of an increase in its value in the future.
One significant reason is the limited supply of BCH. It only has around 21 million coins. In the future, there will be an increase in its value because transactions are fast, and the fees are relatively less.
Read More: Could Bitcoin Cash Be A Millionaire Maker?
The truth is that the crypto market is swamped with a plethora of cryptocurrencies that have their unique features. But as cryptocurrency is here to stay and is not just a modern whim, investors have several opportunities to secure a wealthy fortune. If you are in search of an investment for your future, then these best underperforming cryptocurrencies are the best to buy in May.
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