Markets
3 cryptocurrencies to buy in May for the next bull run
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Cryptocurrency markets are experiencing a strong rally this year. This makes it the perfect time to take a look at the best cryptocurrencies to buy for long-term gains. From the meme coin frenzy, to the long-awaited approval of Ethereum (ETH-USD) AND Bitcoin (BTC-USD) ETF, 2024 is shaping up to be a solid year for the crypto asset class.
While cryptocurrency heavyweights like Bitcoin and Ethereum are the obvious choice for exceptional returns, many investors are also looking for alternative cryptocurrencies that could capitalize on the market’s confidence. Newer cryptocurrency names offer high growth potential but are currently undervalued, allowing investors to enter while prices are low. These cryptocurrencies offer utility, virality, and the potential to generate considerable earnings.
99Bitcoin (99BTC)
In a world of meme-fueled coins, 99Bitcoin (99BTC-USD) is what I would call a high utility game. Widely considered the go-to platform for crypto assets, the educational tool has made cryptocurrencies accessible to the masses. Directly from beginners and experienced investors.
As a leader in this space, 99Bitcoins has built a strong user base by taking a community-driven approach to learning. The company’s courses have 2.8 million subscribers, and members can share their crypto insights and lessons on its Discord server.
99Bitcoins doubled down on its e-learning efforts this year the introduction of its “Learn to Earn” model. This tool allows users to earn 99BTC, the cryptocurrency’s native token, by completing challenges and learning about cryptocurrencies on the platform.
Active investors in the 99BTC community can also earn staking rewards on Ethereum and have access to special training courses and VIP community groups. The company raised 1.5 million dollars in its pre-sale with many analysts predicting a 10x return on this cryptocurrency.
99BTC is one of the best cryptocurrencies to buy this month due to its long-term potential.
5th Scape (5SCAPE)
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As someone who is extremely optimistic about the future of virtual reality, 5th Scape (5SCAPE-USD) is a cryptocurrency that is definitely on my radar this month. A true first on the market, the VR Coin is the first of its kind and hopes to take the virtual reality experience to the next level. Using specialized gaming headsets and chairs, 5th Scape will provide an immersive gaming journey with stunning visuals and intuitive controls using its blockchain platform.
In addition to its cutting-edge technology, 5th Scape will also create a VR ecosystem complete with games, animations and assets. Developers and players can join a collaborative marketplace to share resources and create their own VR experiences. Transactions on the platform will be executed using the native 5SCAPE coin and holders will receive early access to the game and discounts.
5th landscape raised an impressive $6 million in its pre-sale and given its huge potential, some analysts predict that returns could reach 100x. The coin is currently trading at 0.00327 cents and is expected to hit the market at 1 cent. This means that early investors in 5SCAPE will benefit from a 200% price increase before trading even begins.
This VR token shows signs of explosive returns with its unique offering and a successful pre-sale in the books. 5SCAPE is among the best cryptocurrencies to buy this month if you want a slice of the VR pie.
Fetch.ai (FET)
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Artificial intelligence has dominated the markets in 2024 and this list would not be complete without a cryptocurrency that is making waves in the space. One name that stands out from the crowd is Recover.ai (FET-USD). The company provides scaling tools for businesses build and monetize AI-based platforms. It hopes to create a “decentralized AI market” where the benefits of AI are accessible to all.
Fetch.ai plans to do this with the help of autonomous agents on its blockchain platform. These software programs, with the help of machine learning, would be able to perform tasks without any human intervention. Fetch.ai uses a combination of Proof of Stake and Proof of Work models to execute tasks on the blockchain. In the future, this could help automate tasks in various industries, from supply chain to finance.
As a leading AI project in the crypto space, Fetch.ai has seen strong growth this year. This has been driven by market sentiment towards AI and a growing interest in AI-based tools on blockchain. The AI company’s strong market position makes it a good cryptocurrency to buy in May.
As of the date of publication, Divya Premkumar did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com Guidelines for publication.
Divya has a background in finance and accounting and has worked in FP&A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, cryptocurrencies, blockchain, and global politics.