Within $2000 To Invest, These Top 5 Cryptocurrencies To Invest In May

Find why buying these top cryptocurrencies in April will generate good returns over the long run.  

Last Updated April 28th 2022
7 Min Read

The popularity of cryptocurrencies is increasing at a rapid pace today, attracting financial investors and institutions worldwide. The prices of several crypto tokens and altcoins were on a rollercoaster ride in 2021. If you plan to take your shot in the crypto market, then within $2000 to invest, these are the top 5 cryptocurrencies to invest in May. 

Investing $2000 In Top 5 Cryptocurrencies 

Cryptocurrencies have suddenly risen in popularity, driven by record-high market gains since the turn of the year. The opportunity presented in crypto investments is huge today, with more than 7000 cryptocurrencies in the market. 2021 was prolific for numerous cryptocurrencies gaining mainstream adoption and high interest from institutional investors.

Let us see why investing $2000 in these cryptocurrencies would generate massive returns in the future. 

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • Shiba Inu (SHIB)
  • Dogecoin (DOGE)
  • Uniswap (UNI)

1. Ethereum (ETH)

Ethereum, an innovative utility coin, and an advanced blockchain platform that saw a colossal rise in 2021.

Ethereum is a huge step forward from cryptocurrencies like Bitcoin, enabling users to send money to one another. Ethereum is a decentralized public ledger for verifying and recording transactions. The platform has its own programming language known as Solidity.

2021 was a tremendous year for ETH, and even more innovations are coming for the platform. Ethereum is one of the top cryptocurrencies to invest in May because of its utility and upcoming upgrades.

One of the many key reasons to buy ETH now is the increasing popularity of DeFi, dApps, and NFT. Along with Ether, the blockchain also hosts other popular applications. For example, developers can also seamlessly create smart contracts on the blockchain network to safely transfer money, property, or other valuable items. 

Moreover, with the launch of the much-awaited upgrade, the Ethereum 2.0, the price of ETH would rise to record highs. The transition from Proof-of-Work to Proof-of-Stake would make the network more energy-efficient, scalable, and effective. This move toward an eco-friendly model is a major bullish catalyst for the token, which is why buying Etheruem now could double your investment in the future. 

Additionally, programmable money like Ethereum has the potential to revolutionize the way we conduct financial transactions and make it more seamless.

Check Out: Ethereum (ETH) Price Predictions

2. Bitcoin (BTC)

The most popular digital currency, Bitcoin, is a good buy now as it has exploded in value and popularity. 

Bitcoin, the pioneer of cryptocurrencies, has always been a popular option for long-term investors. Several people consider Bitcoin as a hedge against the shaky economic crisis caused by the Covid-19 pandemic last year. Even institutional investors like Microstrategy, Tesla, Square Corp took the opportunity and resorted their cash reserves into Bitcoin. 

Moreover, Institutional investors also started showing huge interest in cryptocurrency, boosting the price of BTC to new heights and success. 

Therefore, Bitcoin is the most noteworthy cryptocurrency boasting $700 billion market capitalization. It is higher than the market cap of the world’s top three largest banks J.P Morgan, Bank of America, and China's Industrial and Commercial Bank. Although rocked by turbulence in the recent crypto market crash, the cryptocurrency rose in value with increased demand from institutional investors. This is one reason why BTC is one of the best cryptocurrencies to consider buying in May. 

Experts predict that Bitcoin could see even more significant gains in 2022. According to analysts, crypto is likely to approach $100,000 by the end of this year. Therefore, BTC is a cryptocurrency with massive future potential. It has over 5 million users on the network, with many more joining each passing day.

With $2000 to invest, it is best to buy Bitcoin BTC now since the coin is deflationary and will increase more in value over time.  

Don't Miss: 15 Reasons Why You Should Invest in Bitcoin Today

buy bitcoin

3. Shiba Inu (SHIB)

Thanks to its fast-growing ecosystem, Shiba Inu is one of the top cryptocurrencies to invest, in May. 

Although Shiba Inu is a meme cryptocurrency, unlike Dogecoin, it is hosted on the Ethereum blockchain and has several use cases. The purported goal behind SHIB was to create a cryptocurrency that was 100% decentralized and run by its community. 

The team behind Shiba Inu gave half of the total supply of SHIB coins to the Ethereum founder Vitalik Buterin. A significant factor that would boost the price of SHIB is the burn of over 90% of SHIB coins by Buterin in May 2021. This has reduced a significant amount of coins from its total supply, eventually leading to an increase in the value of the coin in the coming years. 

The decentralized exchange ShibaSwap is yet another reason to buy SHIB now for future returns. The ShibaSwap enables people to exchange their SHIB coins for other cryptocurrencies. Users can also get access to Shiba’s other cryptos, like the LEASH and BONE token. 

The price of SHIB had a significant rise recently, followed by the announcement by Coinbase that its exchange would list Shiba Inu, giving it access to thousands of investors worldwide. This led to an increase of 28% within just an hour. 

Moreover, the anonymous developers of Shiba Inu announced in August that they have initiated a coin burn to reduce the supply of SHIB. The burn was initiated in response to a request from the community. This will eventually lead to the rise of SHIB token’s value and demand in the coming years. 

Shiba Inu also has a strong community of cryptocurrency holders who ardently support and promote the token on multiple social media platforms like Reddit and Twitter. If you want to buy SHIB for the best price, then this is the right time as the token is expected to continue rising until it reaches $1. 

Read Also: Shiba Inu Price Predictions

4. Dogecoin (DOGE)

Thanks to its dedicated community and creative meme’s Dogecoin could be a good buy in May.

Famously started as a joke in 2013, Dogecoin rapidly became a popular choice for cryptocurrency investors worldwide. DOGE is more than just a meme cryptocurrency. It has established its position as a potential cryptocurrency that enables good returns. One reason for the rise of Dogecoin's price in 2021 is millennials' growing use of finance apps like Robinhood. It has made access to trading and investing relatively seamless. 

Dogecoin is now used for simple transactions like paying goods and tipping content creators. Also, the transaction costs for Dogecoin are much cheaper compared to other tokens like Litecoin, Nano, and Stellar. Moreover, the token uses a Scrypt mining algorithm that reduces energy consumption, making DOGE an environmentally friendly cryptocurrency. 

Finally, the vibrant community behind Dogecoin is one key reason why it is one of the top cryptocurrencies to buy in May. DOGE has received strong support from millionaires like Elon Musk and celebrities like Gene Simmons and Snoop Dogg. Even more, the Dogecoin community has made extensive use of the currency for various philanthropic purposes. Therefore, the increase in DOGE price is not based on its underlying technology alone but on its cultural value.

Don't Miss: Dogecoin (DOGE) Price Predictions

buy dogecoin

5. Uniswap (UNI)

Thanks to the growth of DEX, the price of UNI has seen a colossal rise in 2021.

Decentralized exchanges have seen rapid growth in popularity and usage over the past few years. But the centralized counterparts of DEXs have seen insolvency, regulators, and troubles over the years. This is where Uniswap comes in. It is a leading decentralized crypto exchange that runs on the Ethereum blockchain. With its advanced technology, Uniswap allows DEXs to swap tokens without depending on the liquidity created by buyers and sellers. This token swapping solves the liquidity problems for several exchanges. 

Uniswap is a potential cryptocurrency as it created a grass-root community and promoted decentralized governance. The best reason to buy Uniswap is its value in providing a core DeFi functionality of asset exchange. It is integrated with nearly all major DeFi protocols due to this reason. UNI token has performed exceptionally well since its initiation. 

Prominent venture capitalists like Andreessen Horowitz, Square Ventures LLC, ParaFi, and Paradigm Venture Capital invested in it, backing up the crypto. Moreover, the Ethereum Foundation has also invested $100,000 in Uniswap, making it a potential cryptocurrency for future returns. 

Moreover, the launch of the UniswapV3 upgrade has reduced the cost of the process, making it faster and reliable. It also has a feature called concentrated liquidity, which lets investors set their own liquidity price range. It is yet another added advantage for Uniswap as the code is exclusive to Uniswap for the first two years. 

Read Also: Uniswap (UNI) Price Predictions

The Bottomline 

Cryptocurrencies have thus positioned themselves as an alternative investment asset for investors worldwide. With new cryptocurrencies and altcoins emerging every single day, choosing the right tokens would be a daunting task for investors. Therefore, with $2000 to invest in these are the top cryptocurrencies to consider in May. 

Having said that, cryptocurrency investments are unpredictable. Therefore, the first rule of crypto investing is to do detailed research and create a detailed investment strategy.

eToro – The Best Platform To Buy Crypto Assets 

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

Read More:

3 Of The Best Cryptocurrencies To Buy Now For Income

Top 5 Cryptocurrencies Will Explode

9 Cryptocurrencies That Could Make You A Millionaire

Should I Buy These 5 Cryptocurrencies Today?