The crypto world is presently going through a rough phase due to a great crash in the month of May. The primary reason behind this downfall is the Chinese government’s announcement to ban cryptocurrencies. It has reduced the value of many top stocks like Bitcoin and Ethereum by more than 30%.
However, the real question is whether it has opened an investment window or these stock values will decrease even more. Also, people ask whether to follow the uplift trend of USA gold price or still buying digital currencies. There is a lot of uncertainty in the crypto market that has given birth to many queries in investor’s minds. According to market experts, it will be wise to invest in crypto during this tough period, but you should be aware of currencies that can give more significant returns.
If you are worried about their selection, we suggest checking the full post where details about top 7 cryptocurrencies to invest in May 2021 are mentioned. Let’s go through the list and invest in the ones that seem most suitable to you!
There is no chance we can overlook Cosmos considering the current scenario. However, most people aren’t much familiar with this crypto, but one shouldn’t miss this opportunity to earn profits. In fact, it is one of the few low-priced currencies having the ability to grow at an unbelievable rate.
This currency has fallen by more than 30% during this crash that creates a window for investors. It has started showing signs of recovery that is a good sign. People looking to gain good profit should buy this currency without any delay.
- Binance Coin
The number two position is accommodated by Binance Coin that has a pretty amazing market cap. Popular cryptocurrency exchange Binance launched it, and that’s why its pricing depends on how well it used on this platform. It is the world’s third-largest currency in the digital world that will increase its value for sure.
It is widely expected that the price of one Binance will surpass the US$ 500 mark by the end of May. However, you may have to wait for at least 3-4 months for regaining its old position in the market. The reason behind that is the utilization of Binance Coin is expected to increase on the Binance platform.
There is no way that this article will get completed without mentioning the name of bitcoin. It has a very high liquidity value whose reduced price creates perfect room for making huge profits in the future. It is the king of cryptocurrenciesthat has always stayed stable in the past few years. We understand it may have witnessed one of the worst downfalls in history, but it is expected to tackle in the next few years.
Its value huge depends on how well topcompanies adopt bitcoin as a payment method. Furthermore, the volatile nature of this currency makes sure it successfully emerged winner soon from May 2021 downfall.
Since its launch, Ethereum has succeeded in maintaining its position thanks to the allowance for creating applications that can be powered by Blockchain technology. This currency has a loyal investor base that can bring it back to the top. In fact, it is predicted to remain stable even after this big fall.
Ethereum is an incredible currency that people can buy at a discounted price to make huge profits. It has a very solid cap that makes sure the currency gain the momentum back.
If someone is looking for an ultra-affordable cryptocurrency, we believe you can’t find a better option than Cardano, considering the present market. It is a solid contender for giving huge profits to investors despite this recession in the crypto world. The Japanese make a pretty high investment in this currency due to which it is widely known as Japanese Ethereum.
Another reason that goesin favor of Cardano is it can stay scalable for boosting the quickness of online payment transactions. It is expected that this currency will grab the attention of companies soon as a payment method.
If you still don’t take Dogecoin seriously, then we believe you don’t want to make gains in the crypto world. In fact, the beginning of this year is a perfect thing to see reality as it has helped many people make profits. The market crash may have reduced its price, but it is still the fourth largest digital currency according to the market cap.
Additionally, the various statements made by Elon Musk have also created headlines that helped it to reach an all-time high. It may have witnessed few dips, but it will recover sooner in the next few months for sure.
- Bitcoin Cash
Bitcoin Cash is a peer to peer system that can be scalable in the same way as Bitcoin. With a pretty huge market cap, it is one of the biggest fishes in the ponds to profit in the crypto world. The investors have an eagle eye on this digital currency that proves it will make huge returns by the end of this year.
It can help the investors to make money even if the market fluctuation stays for a longer period. Many of them believe that it can even surpass an all-time high and reaches US$ 4,000 within a year for sure. All these factors make this currency a perfect option to invest your money.
If you think that the present 22k gold price&silver price has attracted investors who are afraid of the current digital world scenario, we suggest investing in one of these cryptocurrencies mentioned here. It is very important to invest in the right digital currencies for making profitable returns.
The options mentioned in this post have the ability to tackle the present recession and coming back stronger. If you still have any query regarding digital currencies, write about them in the comment section to get a proper explanation.