The month of May 2021 started on the perfect note. Cryptocurrency investors witnessed strong price surges in different altcoins. Holding Bitcoin and waiting to become a millionaire with an investment of less than 10k is not doable anymore. On the other hand, many cryptocurrencies are BOOMING in prices, with performances higher than 1,000%. In this article, like every month, we’ll present those top 5 altcoins to buy in May 2021.
5- FTX Token (FTT)
FTX is a professional crypto-derivative trading platform. They offer a wide range of cryptocurrency assets to trade, from spot trading to leveraged and options trading. FTT is the native cryptocurrency token of FTX. It is an ERC-20 token issued on the Ethereum blockchain. The recent surge in crypto trading activities and the growing interest of investors in crypto investing definitely make FTX a good project to invest in. This is specifically true as FTX offers futures and options trading for cryptos, crypto funds, and even stocks.
- Current Price: USD 61.11
- Market Capitalization: USD 5.7 Billion
- Market Cap rank: #31
- Exchanges available: Binance
4- Polygon (MATIC)
Despite this project rising in valuation by more than 1,000% this year, we still believe that there’s still room for growth for Polygon. This project helps businesses and startups “plugin” with Ethereum and use its smart-contracts feature. The need for Ethereum scalability is of massive importance nowadays, especially with the delayed improvements in Ethereum fees and infrastructure flexibility. As Ether just broke a price of USD 4,000, projects that work around Ethereum will definitely be on the rise.
3- Terra (LUNA)
Price stability is much needed in the crypto sphere. This is mainly due to the high volatility in the crypto market. Terra comes in to give crypto investors a hedging opportunity. Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.
2- Helium (HNT)
If you feel like a philanthropist, this project is for you. Helium is a decentralized blockchain that seeks to penetrate under-developed countries that don’t have proper infrastructure. The Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. As many countries prepare to transition from no internet and financial support, this project is definitely at the forefront when it comes to bringing tech to the underprivileged.
- Current Price: USD 17.2
- Market Capitalization: USD 1.4 Billion
- Market Cap rank: #86
- Exchanges available: Binance
1- Ethernity Chain (ERN)
This project aims at bringing NFTs to the mainstream. They are currently partnering with leading figures in blockchain, music, and entertainment industries. They newly launched in March 2021, and their token ERN price is currently consolidating. Those technicals are perfect for investors who don’t want to come in late, and don’t mind investing in this current market dynamic. Usually, price consolidations are a good sign and signal an upcoming trend. For the case of ERN, it should be an uptrend if prices manage to break through above the 30$ price mark. That’s why it was a clear addition to our top 5 altcoins to buy in May 2021.
- Current Price: USD 19.96
- Market Capitalization: USD 142 Million
- Market Cap rank: #347
- Exchanges available: Gate.io
Conclusion
Holding a coin from the Top 5 by market cap is definitely a good investment. In fact, successful investors tend to diversify, and add riskier cryptos in the mix, that are able to make humongous gains and make up other coin’s consolidation phases. With Bitcoin’s dominance dropping to 43%, this is definitely a solid sign that signals Altcoin season. Hence this article, the Top 5 Altcoins to Buy in May 2021. The above 5 coins are interesting projects that have very high growth potential, therefore feel free to buy and hold them 😉
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Rudy Fares