Top 5 cryptocurrencies in May 2022: ETH, SOL, DOGE, ADA, LUNA

in crypto •  2 years ago  (edited)

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  1. Ethereum (ETH)
    Ethereum (ETH) is a worthwhile investment in May 2022 for several reasons. One of the most important reasons is that Ethereum powers most of the Metaverse's trading. Furthermore, 80% of all NFTs are traded on the Ethereum network and many of the top tokens are based on Ethereum. Finally, the new Ethereum “merge” may come “a few months after June.”

At the time of writing, Ethereum (ETH) is trading at a price just above $2,900, with a growth rate of almost 1% over the past 24 hours. ETH has a market cap of over $350 billion and over $18 billion in 24-hour trading volume.

Ethereum is one of the best cryptos to buy right now.

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2.Solana (SOL)

Solana (SOL) has been in the news through the apps on its blockchain. One of the bigger news is OpenSea's BETA on the Solana blockchain - meaning users can now buy, sell and transfer Solana NFTs using OpenSea. Solana also recently invested $500,000 in YGG SEA to help develop training programs for construction projects within the Solana blockchain.

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At the time of writing, Solana (SOL) is trading at nearly $98 with a growth rate of nearly 120% over the past year. SOL has a market cap of over $23 billion and a 24-hour trading volume of around $1 billion

Solana is one of the best cryptos to buy right now.

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  1. Dogecoins (DOGE)
    Dogecoin (DOGE) has been in the news mostly because of Elon Musk. That news grew and impacted DOGE's price, most notably when Musk bought Twitter for $44 billion in late April -- resulting in a 31.56% gain within 24 hours of the purchase.

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At the time of writing, Dogecoin (DOGE) is trading at a price close to $0.12 with a 1.7% growth rate over the past seven days. DOGE has a market cap of over $18 billion and a 24-hour trading volume of only about $1 billion.

Dogecoin is one of the best cryptos to buy right now.

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  1. Cardano (ADA)
    Cardano (ADA) has been buzzing with activity this year 2022. It has presented these stats many times over the years – such as that the blockchain now has 900 projects, 74% ADA is invested in wallets, and the wallets with ADA are reaching over 3 million. Not to mention the long-awaited Vasil hard fork update coming after June.

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At the time of writing, Cardano (ADA) is trading above $0.83 with a 8.4% decline rate over the past seven days. ADA has a market cap of nearly $27 billion and a 24-hour trading volume of over $756 million.

Cardano is one of the best cryptos to buy right now

  1. Earth (LUNA)
    At the time of writing, Terra (LUNA) has been on a rollercoaster ride of price points. It hit its all-time high on April 5th, while hitting a new all-time low on April 29th. This is likely caused by investors dumping the coin immediately after hitting its new all-time high. Despite this, Luna is still showing potential despite being let down by pump-and-dumpers.

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At the time of writing, Terra (LUNA) is trading above $86 with a 415% growth rate over the past year. It has a market cap of nearly $30 billion and a 24-hour trading volume of around $2 billion.

Nothing in this article should be construed as an investment advice

Do always your own research

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