April 2021 was quite a fruitful month for Altcoins. Ethereum crossed its All time high. Cardano (ADA) got enlisted on the Coinbase exchange. Dogecoin suddenly became the talk of the town with everyone taking interest in it due to its rising value and popularity while XRP also saw an increase in the price from the next month.
The growth of these Altcoins is directly proportional to the growth of Bitcoin and BTC broke all the records this month. However, this month is about to end and we look forward to the next month now. In this article, we will discuss some best Altcoins to invest in during May 2021.
Marius Kramer, a top cryptocurrency expert and writer feels there would be 9 altcoins you can have an eye on going forward into the next month. He also presents the reasons behind his belief in these Altcoins.
Even though the values of some extremely strong coins like THETA, ENJ, VET and KIN have dropped down to almost 50% over the course of last two weeks, they have a strong chance to reconstruct themselves depending on several factors which we will talk about below.
Similarly, moderately strong coins like GET, CHZ, AAVE, FSW and LTO have lost more than 50% of their value in the same period. But there are very strong reasons to believe that these 9 coins will give you good value come May 2021.
Kramer writes that GET’s fall of over 50% despite tons of traction can be attributed to it not being listed on any exchange yet. If it gets listed on an exchange in May, the price is expected to go up. AAVE is promising because it is one of the Top DeFi Projects.
FSW had earlier said that they were due to launch bigger operations in May 2021 which would reduce their transaction fee to up to 80%. There has been several delays in the launching of the project which is the only thing keeping the investors sceptical about it. If the project gets launched in May 2021, FSW will do a quick 10 times this month in Kramer’s words.
KIN already has 45 million users while VET is the biggest supply chain blockchain with the biggest partnerships. Therefore, these could be some of the best altcoins to invest in May 2021.
However, as mentioned in the article before, the growth of these altcoins depend massively on Bitcoin. If Bitcoin fails to dominate the crypto market like before, it will severely impact Altcoins as well. After dropping down to below $ 50K, it has consolidated itself to $ 55K at the time of writing this article.
On the other hand, Ethereum has seen a 17% weekly growth to reach a new All time high.