3 Cryptocurrencies To Buy Before May
Another week is ending, but the crypto market is still moving sideways with no major price recoveries. Even the greed and fear index has pointed out a neutral market zone with no direct indication of a bull rally. At this time, when investors are focusing on selling their cryptocurrencies, there are a few cryptocurrencies that should be considered buying before the market recovers.
In this blog, let’s discuss the three cryptocurrencies you should buy before May.
Cryptocurrencies To Consider Buying Before May
The maximum number of cryptocurrencies are in a correction zone where their prices are comparatively lower than last month’s performance. It can be the right opportunity to invest in some of the most profitable cryptocurrencies, which will return the profits in multiple folds. The best buying options for May are Bitcoin, Solana, BNB, and a few others.
Bitcoin
Bitcoin is no doubt the most preferred cryptocurrency for its history of gains. It is currently trading at $63,056.48 after a slight decline from earlier, but the analysts believe it might surge above the $100K range once the bull run starts.
It recently created an all-time high of $73,750.07 after going beyond the previous target of $69K. The next target is called to be much higher.
Solana
Solana has become very popular recently because of the Solana-based meme coins, which have taken over the crypto market with large profits even in slow markets. Not only that, it is among the top five cryptocurrencies on the CoinmarketCap, which increased its demand in the market. Currently, it is trading at $136.78, and analysts believe it might surge above the $200 mark in the upcoming weeks.
BNB
Despite the ongoing legal issues of Binance and Changpeng Zhao with US regulators, the token is surging higher among all other top cryptocurrencies. Currently, it is trading at $588.92 and is just 14% away from its all-time high target.
Being the token of the Binance exchange has helped BNB in many ways. It also assures the continuous demand for the token in the crypto industry. Once the market situation turns favorable, the analysts believe that the BNB might surge above the $700 mark.
Conclusion
April has not been the best for cryptocurrencies, but the market is slowly getting back on track. As May is approaching, the expectation is high for the next month. It has to see what the month is going to look like for all the cryptocurrencies.
Also Read Top Cryptocurrency Gainers & Losers Of The Week
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