5 PROMISING CRYPTOCURRENCIES THAT YOU CAN BUY IN MAY 2021

From great cryptocurrencies to affordable ones, here's a guide to finding the right investment.

Cryptocurrencies have seen their biggest boom since the end of 2017 that has attracted many eyes. Investors are looking at the top cryptocurrencies to add a combination to their portfolios. Bitcoin, the most popular cryptocurrency, recently hit a record high of $ 63,000 before seeing high sales, giving investors a window to buy bitcoin before the price rises again. Today, one bitcoin is valued at $ 56,000.

In recent months, cryptocurrency prices fell from their highs after US President Joe Biden signaled plans to increase capital gains taxes, prompting some investors to sell their holdings. However, this did not stop financial services from having a positive outlook towards digital currency.

Visa said in a statement in late March that it will allow the use of USDC Stablecoin to conduct transactions. Cryptocurrency exchange Gemini announced this week that it will launch a rewards-based credit card with Mastercard. The idea is to allow users to earn cash in the form of cryptocurrencies. Investment banking giant JP Morgan is also preparing to launch a managed bitcoin fund for its clients. Merchants like online tech retailer NewEgg, luxury hotel chain The Kessler Collection, and NBA team Dallas Mavericks don't just accept bitcoins, the meme crypto that was circulating on social media, dogecoin. Not forgetting that Elon Musk's Tesla Inc. will start accepting bitcoins as payment for electronic cars.

With several companies accepting cryptocurrency as an authentic form of payment, this is the time to invest in some cryptocurrencies according to your budget. If you are wondering what are the best currencies to invest in May, here is a guide that can help you.


Top cryptocurrencies in May 2021

Ether

With a market capitalization of $ 316 billion, Ether is the second-largest cryptocurrency created in 2015. The Ethereum blockchain works on smart contracts that enable decentralized applications such as popular decentralized financial services (DeFi). While bitcoins are viewed by investors as gold, this feature of Ether enables a greater number of public blockchain transactions.

Current value of Ether in USD - $ 3376.34


Binance Coin

With a market capitalization of $ 90.9 billion, this is the third largest cryptocurrency launched in 2017. The coin is native to the Binance exchange and the new ecosystem the company is developing: Binance Smart Chain. Being one of the largest in the world, the company aims to become the leading provider of infrastructure services for the entire blockchain ecosystem.

Current Binance Coin Value in USD - $ 663.43


Solarium

Solana is one of the fastest growing DeFi ecosystems and now has a native cryptocurrency coin that saw its peak value last month. Launched in March 2020, in a short time it has managed to become the fourteenth largest cryptocurrency with a market capitalization of $ 11.19 billion. The history testing algorithm it uses has the highest transaction speeds. Compared to Ether, Solana offers low transaction fees.

Current value of Solana's coin in USD - $ 47.07


Dogecoin

This is the cheapest cryptocurrency to buy in 2021. Thanks to Elon Musk calling himself the 'Dodgemaster', this coin has been the center of attention after an unreliable history. Created in 2013 as a meme coin, no one expected this coin to become legitimate, let alone be included in the main list of cryptocurrencies. The price rose from $ 0.007635 to an all-time high of $ 0.074398 in less than two weeks. This all came after the GameStop incident and Elon Musk's tweets.

Current value of Dogecoin in USD - $ 0.4392


Cardano

Cardano projects promising growth potential. The coin has surpassed its value from $ 0.182 in January to $ 1.45 in February, making it the best affordable cryptocurrency to invest. The reason behind this price increase is the recent update that brought the ability to create smart contracts that will allow developers to start working. in dApps, many new cryptocurrencies and the DeFi sector. This coin also has cheap transactions and a good development team that is leading this project towards full decentralization.

Current Cardano Value in USD - $ 1.32

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