Markets
Best Buy Cryptocurrencies Under $5 in May
Crypto markets offer vast choices of cryptocurrencies at various prices, making them highly efficient for new investors looking for investment opportunities. Furthermore, diversifying the portfolio helps manage losses when market conditions are right.
In this sense, this blog lists the best bought cryptocurrencies under US$5 and which also have the potential to generate profits over time.
1.PEPE
PEPE has just created a new all-time high target of $0.00001101, after gaining 21% in the last 24 hours. The frog meme coin is trading at $0.00001072 with a 24-hour trading volume of $2,821,615,466 after a 325% increase. PEPE Price has been rising for weeks and gained a 105% increase in a month. Furthermore, this is not the first time that PEPE has made such huge gains, as the meme coin behaved in the same way at the beginning of the year, making it a perfect choice for investment in May.
2.XRP
XRP It is among the most popular cryptocurrencies, trading at $0.5064. It has a market cap of US$28,036,252,167 and a trading volume of US$802,893,788. Based on its historical charts, the token could rise to $3.84 or even higher in the coming days. Many analyzes have foreseen a rise in the price of XRP in the coming days, raising its value to $5. It is because the altcoin is following in the same footsteps as its last rally in 2021.
3.Dogwifehat
dogwifhat is among the most popular meme coins and has been growing for months. This Solana meme coin is currently trading at $3.07 with a market cap of $3,070,922,848. Most importantly, its demand is continually growing as trading volume increased by 122% in just one day. Based on its all-time high of $4.85, the possibility of seeing more upside is high for May. Many analysts spoke of dogwifhat witnessing a prominent outbreak in May, surpassing the US$10 mark.
4.Dogecoin
Dogecoin is the preferred meme coin preferred by several finance and technology enthusiasts such as Elon Musk. Despite its low value, Dogecoin has made huge gains over the years.
At the time of writing, Dogecoin Price is trading at $0.1547 with a trading volume of $2,066,969,601 after a 128% increase. Furthermore, analysts predicted the possibility of witnessing a new record ATH in May, crossing the current one set at $0.7376.
5. CORE
CORE is among the least popular cryptocurrencies, but it has great potential to increase in May. At the time of writing, ESSENTIAL is trading at $1.63 but has reached its all-time high of $6.47, highlighting its growth potential. CORE won a huge peak in late March, when it rose to $3,773. A similar increase could occur in May when the market begins to recover.
There are many more options in cryptocurrencies under $5, which can be easily explored at crypto exchanges and platforms. Investing in these low-value cryptocurrencies is a right approach to deal with market volatility and develop investment skills. Investor should ensure to perform proper technical analysis before investing in any cryptocurrency as correct timing, cryptography and many other factors are required to earn returns.