The halving, or splitting in half, of the Bitcoin supply last week marked a historic event for the cryptocurrency sector. Periods of relatively low supply on the cryptocurrency market can occasionally be associated with improvements in Bitcoin. This move could contribute to the asset’s price stabilization on the index by may 2024 crypto picks, given the robust demand for cryptocurrencies.
If institutional investors from all across the globe start buying bitcoin through Spot Bitcoin ETFs, the cryptocurrency may hit all-time highs. When the value of Bitcoin increases, the prices of other well-known cryptocurrencies might as well, leading to a surge and further growth. In this piece, we will emphasize the best three coins to buy in May 2024 crypto picks.
may 2024 crypto picks
VeChain (VET)
VeChain (VET) outperformed the cryptocurrency market in the first quarter of 2024. VET is presently trading around $0.038 and is primarily going upward in the indices. Between January and mid-March, it increased by roughly 70% due to the hoopla surrounding Bitcoin’s halving.
However, VET has struggled this month, hardly climbing the ranks in the last 30 days. Now that the Bitcoin halving event has concluded, an increase in BTC’s price may result in an upward trend for VET in May 2024. VET has a better possibility of growing in May 2024 since VeChain corresponds closely with Bitcoin.
Cardano (ADA)
Cardano’s native cryptocurrency, ADA, has been trading at $0.45. This week, ADA’s trading volume reached $282 million. Cardano’s ADA price has been constant, and it is expected to surpass $0.50 by May 2024.
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Dogecoin (DOGE)
Billionaire Elon Musk could soon make Dogecoin an official payment mechanism for Tesla vehicle purchases. If cryptocurrency markets spike, Dogecoin is the first to see double-digit gains, benefiting investors. Dogecoin is the cryptocurrency market’s dark horse, and it usually rallies when the market goes green.
May 2024 crypto picks : 3 Coins to Watch for Buying Below $0.5 Thanks for reading this story.