Cryptocurrency is an ever-evolving industry that despite the uncertainty brings many great opportunities for investors. Despite the sudden rate fluctuations, many tokens are currently below the one-dollar mark, providing investors of any capital range with a great buy-in potential. Finbold has observed recent trends and conducted a thorough analysis to bring you a list of the top 5 cryptocurrencies worth investing in this May.
Cardano (ADA) is a blockchain-based project established by Input-Output Hong Kong, focused on providing a more sustainable ecosystem for cryptocurrencies. Despite a 12% decrease in the last seven days, analysts expect a bullish come-back in the coming weeks, creating an affordable buying opportunity at the current price of $0.384.
The layer 2 blockchain Polygon (MATIC) is spearheading the DeFi industry and its token gives token holders access to a decentralized Open Finance platform. MATIC’s price is close to the one-dollar mark and its chart indicates it could be a good time to buy, as it is down 38% from its one-year high of $1.542.
Fantom (FTM) is a highly ambitious project introducing a new mainnet upgrade that promises faster response times, scalability and stronger file and search logs efficiency. FTM is currently trading at $0.4185, down 22.8% in the last week, and showing promise for future appreciation.
The Flow blockchain, by Dapper Labs, was designed for decentralized gaming and nonfungible tokens. Despite a general market trend, the FLOW token proved to be more resilient, decreasing by only 4.15% in the last month; it is currently trading just below $1, at $0.921.
Lastly, VeChain (VET) stands out at the moment as the cheapest buy in the list, currently trading at $0.021, yet showing potential for growth with the introduction of the VORJ ecosystem.
No matter the price, it is important to know the risk-reward ratio of each currency. While $1 cryptocurrencies may provide good investment value, it is important to remain balanced and have a well-rounded portfolio.
Disclaimer: investments in cryptocurrencies are risky, Make sure to make any decisions based on your own research and in collaboration with a certified financial advisor.
Parker Kelly
- 2023-04-24
Top 5 Cryptocurrencies Worth Investing in This May
Despite the sudden rate fluctuations and the uncertainly of the market, there are still various opportunities available for investors. Finbold has observed recent trends and conducted a thorough analysis to bring you a list of the top 5 cryptocurrencies worth investing in this May.
