With the continuing talk and popular news that talk about the beginning of the bullish cycle in the digital currency markets, investors are constantly searching for promising alternative currencies to diversify their investment portfolios on the one hand and on the other hand to achieve high returns. We have collected for you the top 5 cryptocurrencies that you should monitor in May 2024.

SOLANA SOL

The Solana protocol is designed to facilitate the creation of decentralized applications (DApp). It aims to improve scalability by introducing Proof of History (PoH) consensus alongside the blockchain's underlying Proof of Stake (PoS) consensus. Solana is also known in the cryptocurrency space for the extremely short processing times provided by blockchain technology. We must also touch on its impressive rise, as Solana's price has risen by more than 700% since mid-July 2021. In addition to the rise in developer activity in the Solana ecosystem, increasing institutional interest, and the growth of the DeFi ecosystem.

It reached a peak at the price of 203 and the price bounced back from it strongly. However, it maintained the range of 120 - 130 and returned in an upward trend on the daily basis. Its expected targets are 172.55 - 203.44 - 241.35.

BounceBit (BB)

BounceBit Chain, a PoS layer 1 secured by validators that store both BTC and BB (BounceBit's native token) BounceBit enables BTC holders to earn yield across multiple networks.

Let's look at the price, as it was recently listed on Binance. The listing price was 0.05, and it rose and formed a peak at a price of 0.794. At the time of writing this report, it is trading at 0.323.

Saga (SAGA)

It is a layer-one protocol that allows developers to spin up custom, non-virtualized, parallel, and automatically interoperable chains, or “Chainlets,” that provide applications with infinite horizontal scalability. Each Chainlet is an exact copy of the Saga Mainnet, with the same set of verification tools and security model.

It is now trading in a horizontal trading range between 2.1 and 2.3. It is expected to continue in this range until the box breaks its targets 2.423 - 2.5177 - 2.6175 - 2.7481

TENSOR (TNSR)

It is the largest NFT marketplace on Solana and is used by the vast majority of Solana NFT Tensor collectors and traders as their daily NFT marketplace because it provides the broadest coverage of the latest NFT projects on Solana.

By observing the chart, we see resistance at the moving average, and if we break it, our targets will be as follows: 1.055 - 1.2353 - 1.327

Wormhole (W)

Wormhole provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases that include DeFi, NFTs, governance, and more. Wormhole's broader network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of more than $40 billion through more than a billion cross-chain messages

It is important that its trading remains above 0.5, its expected targets will be 0.694 - 0.911 - 1.126

In conclusion, we always recommend that you do your own research, taking into account the risks involved in the financial markets