If you’re looking for the best cryptocurrency to buy in May, you’re in the right place. We’ve put together a list of seven of the top cryptocurrencies you should buy right now. Keep in mind, however, that some of these cryptocurrencies may not be available everywhere. In some cases, these may be more profitable than others. In any case, we encourage you to check out a few other cryptos before you make a decision.
Aave: This decentralized blockchain is currently the most interesting project on the market. It’s a peer-reviewed project aiming to solve the trilemma of blockchain. It uses a proof-of-stake algorithm for its transactions. Its validators are chosen randomly, so no one is sure who will be chosen to approve a transaction. The protocol is expected to be cheaper and faster than Bitcoin and Ethereum, and is less energy-intensive than both. Aave has also been steadily rolling out upgrades to its network.
Ethereum and Monero are also promising, with both focusing on privacy. While Ethereum is the worldwide leader, NEO is gaining popularity and is the top crypto coin to buy in 2022. As a privacy-focused coin, NEO is the perfect hedge against Ethereum. Beam is another good choice. It uses a new blockchain protocol called Mimblewimble, which helps the blockchain scale and improve transaction speed while maintaining privacy.
Binance Coin: Binance Coin has a variety of uses. Besides facilitating trades on the Binance exchange, Binance Coin is used to purchase various goods and services, including airline tickets. Because it’s pegged to the dollar, Binance coin is a stablecoin, which means that it is backed by assets of “equivalent fair value.”
Ripple: This cryptocurrency is another promising option for investment. Its market cap is $81 million, so it could continue to rise steadily. Currently, it’s the fifth best performing crypto in the market. Moreover, it’s easy to invest in it with Coinbase. Lastly, Ripple: This cryptocurrency is one of the most promising ones for investors. It helps make cross-border financial transactions faster and cheaper. It also offers real-time exchange rates.
Binance: A cryptocurrency created by a tech startup, the Binance coin has a strong blockchain, but some investors remain leery of it. The Cardano network, on the other hand, is an emerging platform that uses the blockchain technology. It has a smaller footprint than Bitcoin and requires less energy. Transactions with Cardano are faster and cheaper. Its “hard fork” last year enabled the deployment of smart contracts.
Dogecoin: Dogecoin is a cryptocurrency that is the original “memecoin.” It was invented by two software engineers in 2013 and has since become the most popular crypto currency. It has been widely accepted as a form of payment by many large companies, including Starbucks and Airbnb. It was created by two software engineers, Billy Markus and Jackson Palmer, and has since become a popular investment for Robinhood traders.