The 5 most worthwhile cryptocurrencies to buy in May!

The current market bottom is slowly rising significantly, and there are still many opportunities to break out. When the opportunity comes, you must seize this 10% time to trade

In the ever-changing world of cryptocurrency investment, finding the most promising altcoins with astronomical growth potential is something that many people are interested in. Investors are always pursuing new popular cryptocurrencies because the opportunity to make huge profits is everywhere.

1. PUFFER

Puffer Finance is a native Liquid Restaking protocol built on EigenLayer. It stands out because it allows validators to participate in the network with minimal obstacles. They can join with a low bond of 1 or 2 ETH, compared to the regular 32 ETH required to run a single validator. After joining, validators will receive proof of stake rewards, which enables them to unlock additional re-staking rewards through EigenLayer.

As a rising star in the EigenLayer ecosystem, Puffer's most noteworthy point is the upcoming Ethereum mainnet staking function.

With the dual support of capital and community, Puffer is expected to attract more users to adopt its innovative mechanism to obtain ETH staking income. This not only enriches Puffer's application scenarios, but will also help promote the decentralization of the Ethereum network.

2. SOL

SOL is an open source blockchain giant that offers users unparalleled decentralized finance (DeFi) solutions. This blockchain, with its unique smart contract capabilities, paves the way for the development of dApps, just like the successor of Ethereum.

However, what makes Solana different is its original perfect fusion of Proof of History (PoH) consensus and Proof of Stake (PoS) consensus, which makes it far superior to its peers in scalability.

SOL can process up to 50,000 transactions per second (TPS) at a tiny cost of only $0.00025 per transaction. The blockchain's native token SOL has soared from $1.8 in January 2021 to $260 in November, creating a staggering growth.

As a scalable blockchain platform for DeFi applications, Solana has shown amazing long-term potential. Compared with similar platforms, it has unparalleled high throughput and extremely low transaction costs.

With its innovative PoH and PoS consensus mechanisms, Solana continues to witness incredible price appreciation and market capitalization growth, making it a powerful force in the cryptocurrency space.In the long run, Solana's continued adoption and development prospects are broad, and it can be regarded as a leader in the future.

3. STRK

In the past six months, STRK has experienced an impressive rise of 487.001%. Currently, its price fluctuates between $1.11 and $1.35. However, it fell 13.45% in the past week, and then fell 22.19% month-on-month, showing a continued downward trend.

The RSI and stochastic indicators show that Starknet is not overbought or oversold, with readings of 44.57 and 46.16 respectively. The MACD level is slightly negative, which may indicate that it is entering a correction phase. Resistance is at $1.51 and support is at $1.03.

On May 8, 2024, STRK tweeted their goal to reduce the gas fee to below $0.01 and become the L2 with the highest TPS capacity, with the goal of achieving hundreds of TPS. Another tweet announced that the gas fee would be reduced to $0.001, supporting various use cases such as micropayment protocols, DePIN markets, and games.

If STRK gains upward momentum and encounters resistance from the 20-day moving average on the daily chart, sellers may break support and push the price to new lows. Conversely, if demand remains high, a rebound from current levels is likely.

4. ONDO

ONDO token holders have a significant influence on the direction of Ondo DAO. This direction ensures that the project provides institutional-grade financing to more people. They have specific rights related to Flux Finance regulated by Ondo DAO.

Indicators such as RSI (around 48.67) indicate that momentum is neutral, while stochastics indicate that the token may be oversold. Therefore, the value of the token may rise or fall in May. It is closer to the $0.09 support level than the $1.24 resistance level, indicating growth potential. However, if downward pressure persists, the $0.57 support level may be tested again.

On the positive side, if it breaks through $1.24, it has the potential to surge to $1.62. However, considering all these factors, ONDO's trajectory may be turbulent as the market adjusts to its recent growth.

5. AXL

In 2020, Axelar was founded as a decentralized interoperability network. It connects all blockchain ecosystems and applications and is supported by well-known companies such as Binance, Coinbase, Dragonfly, Galaxy, and Polychain.

Despite challenges with cross-chain adoption, with only 13% of Ethereum Virtual Machine (EVM) addresses conducting cross-chain transactions, Axelar’s ​​latest developments could soon transform the space.

Axelar’s ​​approach to connecting different blockchains is gaining traction among developers and users. Recent data from the blockchain itself shows significant growth in usage, up more than 31,000% since October 2023.

More than 270,000 people have used Axelar’s ​​solution, indicating that it is becoming increasingly popular within the wider cryptocurrency community. In the Ethereum space in particular, Axelar stands out, surpassing competitors such as Wormhole and LayerZero in terms of usage.