Bitcoin
3 Coins to Buy Under $0.5 in May 2024
The cryptocurrency market went through the Bitcoin halving event last week where the supply of BTC was cut in half. The development makes Bitcoin scarcely available on the market at a time when there is a huge demand for the cryptocurrency. As demand for the cryptocurrency is high, the change could cause its price to rise sustainably on indices in May 2024.
Read too: Cardano: How High Can ADA Trade in May?
The entry of global institutional investors into the cryptocurrency market through Spot Bitcoin ETFs could make BTC reach new heights. If Bitcoin climbs the charts, it will also push other leading cryptocurrencies to recover and move along with its price increase. In this article, we will highlight the top 3 coins to buy in May 2024.
Read too: 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) was among the best-performing assets in the cryptocurrency market in Q1 2024. VET is currently trading around the $0.038 mark and is moving mostly sideways on the indices. It rose nearly 70% between January and March, riding the hype of the Bitcoin halving event.
However, VET fell in April this month and has barely moved up the charts in the last 30 days. Now that the BTC halving event is over, a rise in BTC price could catapult VET in May 2024. VET is more likely to rise in May 2024 as VeChain moves mainly in conjunction with the Bitcoin.
Read too: Settlement Issues Weigh on XRP: Will Ripple Hit $1 Sooner or Later?
2. Cardano (ADA)
Leading altcoin Cardano’s native token ADA is hovering around the $0.45 price range. ADA is seeing huge trading volume reaching $282 million this week. Cardano’s ADA price is consolidating and an advance from here could see the cryptocurrency rise above the $0.50 mark in May 2024.
3. Dogecoin (DOGE)
Billionaire Elon Musk may soon integrate Dogecoin as an official form of payment for customers to buy Tesla cars. If cryptocurrency markets rise, Dogecoin will be the first to reach double digits and deliver profits to investors. Dogecoin is mainly the sleeping giant of the cryptocurrency market and recovers when the market turns green.