With the Bitcoin halving in the rearview mirror, investors are expecting a market-wide price rally that has historically followed the quadrennial event. While many cryptocurrencies will likely benefit, newer projects that immediately enter into price discovery could generate the biggest gains.
With that in mind, this article looks at seven of the best new cryptocurrencies to buy in May.
Top 7 cryptocurrencies to buy in May 2024
Mega Dice Token
The Mega Dice token is our top pick for the best new cryptocurrency in May. Powering Mega Dice crypto casino’s new gamification layer, $DICE has inherent utility and a large addressable market.
The casino already hosts over 50,000 players and processes $50 million in monthly wagers. Additionally, the new token will reward existing players while attracting new ones.
However, the team has carefully designed its demand-side tokenomics to ensure a constant flow of demand for sustained growth.
$DICE introduces an unprecedented perk of daily crypto rewards based on casino success. Holders also have access to limited edition NFTs, exclusive features, pre-registration bonuses, a referral program and much more.
Analysts are urging investors to quickly jump into this new gamefi token. They believe it could be multiplied by 100 after its launch on the stock exchanges.
The Mega Dice token presale is underway and has raised over $600,000 so far.
Dogerse
Meme coins continue to dominate the crypto market. The new Dogeverse presale is one of the main competitors among the latest litters.
The project is the first-ever Doge-themed multi-chain cryptocurrency, launching on the six most popular smart contract compatible blockchains.
This exciting company is vying for coin stardom, ensuring that investors can purchase the token regardless of which blockchain or wallet they use.
It also embraces the popular spirit of meme cryptocurrencies. The project invites differential blockchain communities to put aside their differences and unite around a powerful coin.
In an attempt for long-term growth, Dogeverse is adopting a staking mechanism, allowing users to lock up their tokens for passive rewards. Currently, they can get an APY of 89%, but this will decrease as the staking pool increases.
So far, the Dogeverse presale has raised a staggering $12.5 million. However, with a hard cap of $17 million, time is running out for traders to buy ahead of its launch on exchanges.
Ondo
Enter the realm of futuristic fintech with Ondo, the market’s leading real-world asset protocol. Its native token, ONDO, is used for governance, allowing holders to make decisions about the future of the protocol.
ONDO launched in March and is currently trading at $0.77. The asset is up 1.5% today, down 0.3% this week and down 15% this month. However, it is up 340% since its launch in January.
It has a market cap of $1 billion and a 24-hour trading volume of $127 million, up 15% today.
Ondo is an Ethereum-based protocol that offers several institutional-grade instruments available worldwide.
Its two main products are USDY, a yield-generating stablecoin with $208 million TVL, and OUSG, short-term tokenized U.S. Treasury bonds that are tradable 24/7.
Given its position at the forefront of the RWA discourse and the excitement generated by the sector’s concrete impact on the entire world, Ondo could be one of the most successful players in the sector in the months to come .
WienerAI
Crypto AI and coin projects have exploded unilaterally recently, massively outperforming other cryptocurrency sectors. Thus, many new projects are emerging in each area, but very few have so far combined the two.
WienerAI is a cutting-edge AI bot that offers instant, predictive, and beginner-friendly trading with no fees.
Its predictive technology and user-friendly interface are bound to give its users an unfair advantage in the market, but that’s not the only reason to be optimistic.
The project could well set a new benchmark for crypto marketing, integrating revolutionary technology into a playful and culturally resonant exterior.
Its exuberant outer shell, based on “wiener”, a kind of AI and a cross between sausage dogs, has already attracted attention as the first AI trading robot in its class.
Investors can purchase WienerAI in presale, currently priced at $0.000702. However, this amount will increase throughout the campaign, with a net increase in one day or when the total collection reaches $946,000.
Andy
Andy is a newly launched coin that has significantly outperformed the market since its inception in March. The project is considered “Pepe’s best friend” and aims to partner with big players to secure its future.
Currently, Andy is trading at $0.0000649, up 8% today, down 38% this week, but up over 1,800% this month.
It holds a market capitalization of $66 million and a 24-hour trading volume of $2.41 million.
Additionally, Andy is an ERC-20 token and most of its trading volume currently occurs on the decentralized exchange Uniswap.
Max Schwartzman, CEO of Because Bitcoin, has been one of Andy’s strongest supporters, comparing him to Pepe’s early days.
Additionally, in a recent tweet, the analyst discussed this week’s sell-off and said that Andy could be preparing to resume its uptrend.
“At this point, I believe the worst is behind us. There has been enough selling and enough upset to warrant a reversal,” he wrote.
99Bitcoin Token
99Bitcoins is a renowned crypto media dating back to 2013, and it just launched a Learn-to-Earn platform and a native cryptocurrency, the 99Bitcoins token.
After providing cutting-edge information and content for over a decade, 99Bitcoins’ latest venture ushers in a revolutionary means of incentivized learning.
Through its Learn-to-Earn platform, users can earn rewards by completing modules, quizzes, and tests. The process is self-managed and fun to encourage long-term user loyalty.
That said, the platform is structured and offers a revolutionary improvement over existing crypto learning resources.
Learners must hold the $99 BTC token to access the platform, thereby aligning demand for the token with that of the platform.
But by expanding its demand potential, 99Bitcoins holders also enjoy benefits such as crypto trading signals, BRC20 tools and training, a VIP community group and much more.
To celebrate the new launch, 99Bitcoins is also holding an airdrop and giving away $99,000 worth of BTC. There are 11 ways users can gain eligibility, the main one being by purchasing the 99Bitcoins token presale.
Wormhole
Wormhole is the backbone of crypto’s cross-chain functionality. The protocol, which bills itself as a “cross-chain messaging platform,” currently serves more than 200 applications across 30 blockchains.
It recently launched the W token, which will decentralize its governance process. The token was issued as an airdrop to Wormhole users, but is now tradable on exchanges.
Currently, W price is $0.66, up 14% today and 9.8% this week, but down 51% from its initial exchange offer price on April 4 .
Additionally, Wormhole’s market cap is $1.2 billion and its 24-hour trading volume is $269 million, up 104% today.
The recent spike in trading activity follows Jito, a Solana-based project, launched on Arbitrum via the Wormhole protocol.
Indeed, this reflects the community’s enthusiasm for this move, but Wormhole is constantly expanding its services and many similar announcements will be made in the future.
As such, this recent warm reception reflects W’s enormous potential for the future.
DISCLAIMER: THIS IS A SPONSORED ARTICLE
reference: watcher.guru