Top 10 Cryptocurrencies likely to boom in May 2021

With all the hype around cryptocurrencies, if you are looking to start trading in cryptocurrencies, here are the top 10 cryptocurrencies on an upward trend this month:

  • Bitcoin: Bitcoin is a unique type of cryptocurrency having the highest value in terms of liquidity and is the most stable among all the cryptocurrencies available on various platforms. It is also the world’s most successful cryptocurrency, with a market value of over $1 trillion.
  • Litecoin: Litecoin is the most traded among the top cryptocurrencies. It provides an open-source payment network that is not controlled by authorities. Litecoin has a market cap of $24 billion and per token value of $362.
  • Ethereum: Ethereum is a platform that allows the building of Smart Contracts without any interference from a third party. It is a decentralized crypto trading platform, and investors are looking to make purchases of other digital currencies using ethereum.
  • Cardano: Cardano is a cryptocurrency that was made by engineers, mathematicians, and cryptography experts. Cardano has a market cap of close to $10 billion as of January 2021 and an individual trade value of $0.31.
  • Binance Coin: Binance Coin is a utility cryptocurrency that operates as a payment method for fees associated with trading onthe Binance Exchange platform. Traders looking to use cryptocurrency tokens for payments can exchange and trade at a discount. Binance Coin’s blockchain is a platform on which Binance’s decentralized exchange operates.
  • Ripple: Ripple is both a cryptocurrency and a payment network for monetary transactions. This Technology helps facilitates settlements across national borders and has recently become a go-to choice for many companies. It is currently priced at $1.56.
  • Dogecoin: Dogecoin is a currency created as a joke by a few engineers that has grown in market value significantly and is most likely to continue the upward trend through the month. It is priced at $0.5.
  • TRON: Tron is a unique cryptocurrency as it was found on ethereum and now has its blockchain platform. It is also used proof of stake algorithms to process its transactions. It has gained popularity as it hosts many decentralized apps.
  • ZCash: Zcash provides its traders the ability to choose if they want their transactions to be tracked or not. This feature is unique to Zcash, and not even leading cryptocurrencies have it. Its current market value is USD 305.
  • Bitcoin cash: Bitcoin Cash holds a very crucial place in the top 10 cryptocurrencies in 2021. BCH increases the top block size from 1 MB to 8 MB, holding more transactions within them. BCH is speculated to have a market cap of $8.9 billion and a value per token of $513.45.