Three coins to think about purchasing in May
The broader cryptocurrency market struggles throughout the month of May. Bitcoin and Ethereum, among other major assets, have tumbled sharply from their April price increases.
While this is worrisome, it also creates a great opportunity to buy at bargain prices. Here’s why:
- Despite a sluggish start in 2022, the cryptocurrency sector is anticipated to outperform other asset classes.
- Altcoins are particularly undervalued right now.
- Even with recent unfavorable winds, crypto’s long-term prospects are bright.
- There has never been a better moment to acquire cryptocurrency than now, based on the prices.
Litecoin is one of the original altcoins and has been around since 2011.
It’s often called “the silver to Bitcoin’s gold” because it shares many of Bitcoin’s characteristics but is cheaper and faster. Litecoin is a great choice for investors who want to get into cryptocurrency but don’t want to spend too much.
So, if you’re wondering where to put your money after the May drop, here are three cryptocurrencies to buy right now.
Solana (SOL)
The exciting cryptocurrency project Solana (SOL) has frequently been regarded as one of the most innovative cryptocurrencies in the industry.
However, by 2022, the altcoin hasn’t provided much success. Instead, SOL has experienced steep and continuous downturns. The good news is that the project’s recent troubles might be about to end.
SOL has been one of the biggest gainers in the past 24 hours, rising by over 20%. This comes after an announcement that OKEx, one of the world’s largest cryptocurrency exchanges, will list SOL on its platform.
The listing is a big deal for Solana because it gives the altcoin access to a much wider pool of potential investors. It also provides some validation for the project, which should help boost confidence in SOL.
So, with OKEx listing SOL and the altcoin looking poised for a breakout, now could be a good time to buy Solana.
At this point, the currency’s price is at its lowest level for the year, giving investors a golden opportunity to buy. This year, Solana has a good chance of tripling in size. This is only a minor downturn.
Cosmos (ATOM)
ATOM will be an excellent investment opportunity. It is important to note that no One World Coin (ATOM) is in circulation.
The project has progressed steadily over the prior few months. However, because of the slow development in investor sentiment across the market, it remains in a downturn. When the crypto market rebounds, ATOM will be one of the greatest gainers.
Right now, ATOM’s price is at a good level to buy and hold for the long term. ATOM has a lot of potentials and is already being used by some major projects in the industry. It is only a matter of time before it starts getting more mainstream attention.
Waves (WAVES)
Waves (WAVES) is one of the few coins that appear to be reporting gains. Even as most other cryptocurrencies in the market decline.
However, the coin has had some severe downturns over the previous several weeks. But it’s still worth keeping an eye on in the long term.
Waves (WAVES) is a good project with a lot of potentials. It’s already being used by some major projects in the industry and has a lot of growth potential. The price is currently at a good level to buy and hold for the long term.
There you are, the three altcoins you can invest in this month. Of course, there are others but these three are selected based on their present performance and future projections.
