Crypto investment is a tricky thing, and in choppy markets like these, it has become harder to invest in the right coins. You have to properly analyze each sector to draw a conclusion and then buy the coin. There are many metrics to calculate coin growth, such as social sentiment or total value locked on-chain. Here are 5 coins we are bullish on in May 2024...
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1. Wormholeย
Wormhole ( $W ) is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Existing projects, platforms, and communities are able to move tokenized assets seamlessly across blockchains and benefit from Solanaโs high speed and low cost.
Wormhole is more like a bridge between several blockchains than just one. Consider it a layer of communication that enables different chains to freely exchange information as well as tokens. This makes it possible for developers to build programs where users can smoothly move assets across various chains such as sending Ethereum tokens to Solana or even creating applications which interact with many blockchains simultaneously.
ย To validate these transfers, worm hole employs secure network while $W, its native currency gives owners right to vote on the destiny of the platform. Being open sourced and having an ever growing environment around it has made Worm Hole become one among many important actors in blockchain interoperability worldwide.
๐ผ Why We Are Are Bullish
๐น Social Growth & Sentimentsย
๐ธ Monthly Active Users( MAU) Increasingย
2. BitTensorย
Bittensor (TAO)ย is a decentralized AI crypto project that combines blockchain and artificial intelligence (AI) to develop, train, share, and trade AI and machine learning models.ย
The goal of Bittensor is to change AI forever by establishing a decentralized marketplace. Imagine a network in which individuals offer their own models of artificial intelligence, as if they were components of a single massive brain. These models cooperate with each other, learn from one another and solve problems together.
ย This shared knowledge can be purchased or sold by any user, thereby democratizing the development of AI and expanding its horizons beyond imagination. Bittensorโs method of decentralization not only encourages innovation but also collaboration, which may eventually lead to affordable strong AI for all.
๐ผ Why We Are Are Bullish
๐น Infinite Data Generation Engine (IDGE)
๐ธToken Trading Volumeย
3. Aptosย
Aptos ($APT )ย is a Layer-1 blockchain designed to be scalable, safe, and reliable. Aptos uses the AptosBFT consensus mechanism built on the smart contract programming language Move.
Fast, secure, and flexible is what Aptos is as a new kind of blockchain. Former engineers at Diem (Facebookโs cryptocurrency project) created Aptos with scalability in mind which means it can process a lot of transactions at once very fast and effectively.ย
This makes it perfect for creating strong applications within the blockchain space and in turn opens doors to wider adoption of crypto technology by the mainstream public.
๐ผ Why We Are Are Bullish
๐ธ TVL/Market Cap Growing Last 30 Daysย
๐นToken Holders Are increasingย
4. Filecoin
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized file storage network that allows users to store, retrieve, and host digital information.ย
Filecoin is decentralized storage network built on a โmarketโ system. Think of it like a giant online marketplace where people with unused hard drive space can rent it out to those who need to store data. Instead of using traditional cloud storage, Filecoin uses a special cryptocurrency called FIL that incentivizes users to store and retrieve files reliably.ย
This creates a secure and transparent system where everybody wins: affordable storage for the users, FIL earning opportunities for providers. Beyond being just another place to save files, this network could serve as the basis for a more democratic and secure internet โ with permanent data storage and even taking on big cloud providers in their own game.
๐ผ Why We Are Are Bullish
๐นTVL/Market Cap Growing Last 90 Days
๐ธFees Growing 3xย Monthlyย
5. Pepe
Pepe Coin ($PEPE ) is a digital asset and meme coin built on the Ethereum blockchain. It was launched in April 2023 as a tribute to the popular internet meme character Pepe the Frog.
๐ผ Why We Are Are Bullish
๐ธTVL Up 30% From Last Month
๐นMore Trades and Volumes are in Marketย
ยฉ๐ป๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐. ๐ป๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐. ๐พ๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐. ๐ป๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐. ๐ป๐๐๐ ๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐.
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