Cryptocurrency: 3 Coins To Buy Under $0.5 in May 2024

The cryptocurrency market experienced the Bitcoin halving event last week where the supply of BTC was cut in half. The development makes Bitcoin scarcely available in the market at a time when there’s a huge demand for the cryptocurrency. As the demand for the cryptocurrency is high, the move could make its price sustainably scale up in the indices in May 2024.

Also Read: Cardano: How High Can ADA Trade This May?

The entry of global institutional investors in the cryptocurrency market through Spot Bitcoin ETFs can make BTC reach new heights. If Bitcoin climbs up the charts, it will also push other leading cryptocurrencies to rally and move in tandem with its price rise. In this article, we will highlight the top 3 coins to buy in May 2024.

Also Read: Shiba Inu Team Estimates When SHIB Could Hit $0.01

Cryptocurrency: 3 Coins To Watch Below $0.5 in May 2024

1. VeChain (VET)

vechain vet
Source: Zipmex

VeChain (VET) was among the top-performing assets in the cryptocurrency market in Q1 of 2024. VET is currently trading around the $0.038 mark and is mostly moving sideways in the indices. It spiked nearly 70% between January to March riding the hype of the Bitcoin halving event.

However, VET is down in April this month and barely moved up in the charts in the last 30 days. Now that the BTC halving event is over, a spike in BTC’s price could catapult VET in May 2024. VET has more chances to rise in May 2024 as VeChain mostly moves in tandem with Bitcoin.

Also Read: Settlement Woes Weigh On XRP: Will Ripple Hit $1 Sooner Than Later?

2. Cardano (ADA)

Cardano ADA
Source – R7

Leading altcoin Cardano’s native token ADA is hovering around the $0.45 price range. ADA is receiving a large trading volume touching $282 million this week. Cardano’s ADA is consolidating in price and a leg-up from here could push the cryptocurrency to climb above the $0.50 mark in May 2024.

3. Dogecoin (DOGE)

Dogecoin Army Buzzing with Anticipation After Elon Musk's Tweet
Source: The Indian Express

Billionaire Elon Musk could soon integrate Dogecoin as an official form of payment for customers to buy Tesla cars. If the cryptocurrency markets rally, Dogecoin is the first to spike double digits and deliver profits to investors. Dogecoin is mostly the sleeping giant of the cryptocurrency market and rallies when the market turns green. 

  • ADA
  • Cardano
  • cryptocurrency
  • Dogecoin
  • VeChain
  • VET

Comments

Post a Comment

Popular posts from this blog

Tim Draper sets bitcoin target of $250k, DigiToads and Cardano poised to 100x

While US major investor Tim Draper believes bitcoin will hit $250,000, other analysts think DigiToads and Cardano are poised to grow by 100x. DigiToads investors anticipate value increase DigiToads’ presale success has made it one of the most sought-after cryptocurrencies. Crypto enthusiasts believe this cryptocurrency could grow by 100x once it launches, increasing the value of investors’ portfolios. The crypto project recently unveiled a collection of trending NFTs that allow users to make money from DigiToads’ platform to attract investors further. You might also like: DigiToads offer staking, burning, NFTs, and gaming; better drivers than Monero’s anonymity The NFT collection was unveiled despite TOADS still being in presale. This will make it easier for DigiToads’ value to grow by 100x when it launches. The NFT collection can be bought on OpenSea or minted at any time. Investors acquiring these trending NFTs can participate in NFT staking competitions on DigiToads’
Read more

Litecoin rising on Bitcoin ETF expectations, Pullix setting up as avenue for retail crypto traders

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin (LTC) is firm as the crypto community awaits the Securities and Exchange Commission (SEC) to approve the first Bitcoin ETF. While all eyes are on this development, Pullix (PLX), a crypto project, has sold over 2.2 million tokens in stage 2 of its presale.  Litecoin price analysis Litecoin has been rallying since the start of December, rising from $69 on Dec.1 to $72 on Dec. 13.  At the same time, it processed – 3 million transactions in one week.  The Litecoin Network just completed over 3 million transactions in less than a week. pic.twitter.com/FhQBGIe4vI — Litecoin (@litecoin) December 12, 2023 This growth can be attributed to the hype surrounding the potential approval of a Bitcoin ETF.  You might also like: Litecoin celebrates milestones amid declining prices Based on historical prices, Litecoin and Bi
Read more

3 cryptocurrencies cheaper than a burger for a 2500% ROI by 2024

Image
As the cryptocurrency market continues to evolve and expand, investors are constantly on the lookout for undervalued assets with the potential for significant returns. While marquee tokens like Bitcoin and Ethereum dominate headlines, a multitude of lesser-known cryptocurrencies lurk beneath the surface, waiting to be discovered by astute investors.  Among these hidden gems are Retik Finance, Jupiter, and Ripple—three cryptocurrencies that offer compelling investment prospects and the promise of substantial growth in the coming years. In this article, we delve into the unique attributes of these tokens and explore their potential to deliver a 2500% ROI by 2024. Retik Finance (RETIK): Revolutionising Decentralised Finance (DeFi) Retik Finance (RETIK) emerges as a prominent contender in the realm of decentralised finance (DeFi), offering a comprehensive suite of financial services and solutions powered by blockchain technology. Unlike traditional financial institutions, Retik Finan
Read more