Bitcoin
These 3 cryptocurrencies could surpass Bitcoin in May
Bitcoin (BTC) is the world’s largest cryptocurrency, but sometimes even altcoins can outperform the king coin.
BeInCrypto looks at which three of these altcoins have the potential to outperform BTC in the month of May.
Binance Coin (BNB) is still in the competition
Binance Coin price has been consolidating for over a month and a half, trying to close above $640. However, the altcoin has failed to do so, leaving it stuck in the $560 to $620 range.
However, BNB has the benefit of support from its investors and bullish market signals. The exchange’s native token is less than 16% off its all-time high of $686. Breaking this would allow Binance Coin to see further upside.
BNB/USDT 1-day chart. Source: Trading View
See more information: Binance Coin (BNB) Price Prediction 2024/2025/2030
However, consistent consolidation is also possible and could prolong the wait for a new ATH.
PEPE won’t stop
Despite facing strong competition from dogwifhat (WIF), Pepe (PEPE) surprised the market with its recent recovery. Over the past three months, the frog-themed meme coin has witnessed a growth of 586%.
See more information: Pepe (PEPE) Price Prediction 2024/2025/2030
If the meme coin remains above the 50-day exponential moving average (EMA), it could reclaim $0.00001000 as support.
Tron (TRX) Takes Back
Tron price recovered from the lows of $0.109, almost avoiding the formation of a death cross. This bearish phenomenon occurs when the 200-day EMA crosses the 50-day EMA. However, a sudden increase in the price of Tron resulted in aversion to this deadly cross.
This opened TRX to the potential for a recovery from the Relative Strength Index (RSI) is in the bullish zone.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify potential trend reversals.
See more information: TRON (TRX) Price Prediction 2024/2025/2030
If the RSI holds the neutral 50.0 line as support, TRX could continue its recovery.
Disclaimer
In line with the Confidence Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyIt is Disclaimers have been updated.