With Bitcoin’s halving in the rearview mirror, investors are looking ahead to a market-wide price rally that has historically always followed the four-yearly event. While many cryptocurrencies will likely benefit, newer projects that immediately enter price discovery could stand for the most significant gains.
With that in mind, this article takes a look at seven of the best new cryptocurrencies to buy this May.
Top 7 cryptocurrencies to buy in May 2024
Mega Dice Token
Mega Dice token is our top pick for the best new cryptocurrency in May. Powering Mega Dice crypto casino’s new gamification layer, $DICE boasts inherent utility and a vast addressable market.
The casino already hosts over 50K players and processes $50 million in monthly wagers. Moreover, the new token will stand to reward existing players while attracting new ones.
However, the team has carefully designed its demand-side tokenomics to ensure a steady demand stream for sustained growth.
$DICE introduces an unprecedented advantage of daily crypto rewards based on the casino’s success. Holders also get access to limited edition NFTs, exclusive features, early bird bonuses, a referral program, and much more.
Analysts are urging investors to get into this new gamefi token early. They speculate it could 100x after it launches on exchanges.
Mega Dice token presale is ongoing and has raised over $600K so far.
Dogeverse
Meme coins continue to dominate the crypto market. The new presale Dogeverse is a top contender among the latest litter.
The project is the first-ever multichain Doge-themed cryptocurrency, launching across the six hottest smart contract-enabled blockchains.
This exciting endeavor vies for meme coin stardom, ensuring investors can buy the token no matter which blockchain or wallet they use.
It also embraces the grass-roots spirit of meme cryptocurrencies. The project invites differential blockchain communities to brush aside their differences and unite through one powerful meme coin.
In a bid for long-term growth, Dogeverse adopts a staking mechanism, enabling users to lock up their tokens for passive rewards. Currently, they can garner an 89% APY, but this will decrease as the staking pool grows.
So far, the Dogeverse presale has raised a staggering $12.5 million. However, with a $17 million hard cap, time is running out for traders to buy before it launches on exchanges.
Ondo
Step inside the realm of futuristic financial technology with Ondo, the market’s leading real-world assets protocol. Its native token, ONDO, is used for governance, enabling holders to make decisions on the protocol’s future.
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 holds a $1 billion market cap and a $127 million 24-hour trading volume, up 15% today.
Ondo is an Ethereum-based protocol that offers multiple institutional-grade instruments that are available globally.
Its main two products are USDY, a yield-generating stablecoin with $208 million TVL, and OUSG, tokenized short-term US treasury bills that are tradable 24/7.
Given its position at the forefront of the RWA narrative and the market-wide excitement about the sector’s tangible real-world impact, Ondo could be one of the industry’s top performers in the coming months.
WienerAI
Crypto AI and meme coin projects have unilaterally exploded recently, massively outperforming other cryptocurrency sectors. As such, many new projects are popping up in each domain, but very few have combined the two, until now.
WienerAI is a cutting-edge AI bot that offers instant, predictive, and beginner-friendly trading with zero fees.
Its predictive technology and user-friendly interface are bound to provide its users with an unfair advantage in the market, but that’s not the only reason to be bullish.
The project could well be establishing a new gold standard of crypto marketing, packing revolutionary technology inside a playful and culturally resonant exterior.
Its exuberant outer shell, based on “wiener,” a part AI, part sausage dog crossbreed, has already drawn attention to the first-in-class AI trading bot.
Investors can buy WienerAI at presale, currently priced at $0.000702. However, this will rise throughout the campaign, with the net uptick in one day or when the total raise hits $946K.
Andy
Andy is a newly launched meme coin that has massively outpaced the market since its March inception. The project is said to be “Pepe’s best friend” and aims to team up 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 $66 million market cap and a $2.41 million 24-hour trading volume.
Additionally, Andy is an ERC-20 token, and most of its trading volume currently occurs on the Uniswap decentralized exchange.
Max Schwartzman, CEO of Because Bitcoin, has been one of the most vocal proponents of Andy, comparing it to the early days of Pepe.
Moreover, in a recent tweet, the analyst discussed this week’s selloff and said Andy could be gearing to resume its uptrend.
“At this point, I believe the worst is behind us. There has been enough selling & enough of a shakeout to warrant a reversal,” he wrote.
99Bitcoin Token
99Bitcoins is a renowned crypto media outlet dating back to 2013, and it has just launched a Learn-to-Earn platform and native cryptocurrency, 99Bitcoins token.
After delivering market-leading news and content for over a decade, 99Bitcoins’ latest venture ushers in a revolutionary medium of incentivized learning.
Through its Learn-to-Earn platform, users can earn rewards by completing modules, quizzes, and tests. The process is self-directed and gamified to encourage long-term user retention.
That said, the platform is structured and offers a groundbreaking improvement over existing crypto learning resources.
Learners must hold the $99BTC token to access the platform, aligning the token’s demand with the platform’s.
But extending its demand potential, 99Bitcoins holders also get benefits like crypto trading signals, BRC20 tools and education, a VIP community group, and much more.
In celebration of the new launch, 99Bitcoins is also running an airdrop and giving away $99K worth of BTC. There are 11 ways users can gain eligibility, with the main one being to buy the 99Bitcoins token presale.
Wormhole
Wormhole is the backbone of crypto’s cross-chain functionality. The protocol, which dubs itself a “cross-chain messaging platform,” currently serves over 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 tradeable on exchanges.
Currently, W is priced at $0.66, up 14% today and 9.8% this week, but down 51% from its initial exchange offering price on 4 April.
Moreover, 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, launching on Arbitrum through the Wormhole protocol.
Indeed, this reflects the community’s excitement about the move, but Wormhole is consistently expanding its services, and many similar announcements will arise in the future.
As such, this recent warm reception reflects the tremendous potential for W looking ahead.
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