Crypto Gems: Top crypto assets to watch & buy in May 2024
Bitcoin registering a red candle after seven consecutive greens. Bitcoin, buoyed by its halving and ETF narrative, continues to be a key growth vehicle with a 50% gain in 2024 even as macro and geopolitical issues have a short-term impact on the asset class. The current consolidation phase will likely provide the strong base needed to push for the next leg up.
Key altcoins (Ethereum, Solana, and BNB) are still 20-40% off their 2021 highs — once they are breached, price discovery will likely kickstart an euphoria phase by the end of this year.
To maximize your crypto portfolio returns this year, along with Bitcoin, Ethereum, and Solana, it is prudent to allocate a decent portfolio share to emerging and upcoming narratives that drive value in the ecosystem.
Today, we cover the growth of Real World Assets (RWAs), memecoins on Solana, and trends in gaming. While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
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