As the bullrun gains momentum once again, it’s crucial to focus on promising cryptocurrencies positioned for future growth. Here are top five crypto coins to watch in this month of May 2024:
1.TAO
2.SAGA
3.Wormhole
4.GALA
5.ORDI.

NO.1
TAO Coin ($TAO ): is a cryptocurrency project built on the Bittensor open-source protocol. It functions as a decentralized, blockchain-based machine learning network, where machine learning models train collaboratively and receive rewards in TAO tokens based on the informational value they provide to the network. Additionally, TAO allows external access, enabling users to extract information from the network while customizing its activities to suit their needs.
Vision and Key Features:
Vision: TAO Coin aims to establish a fair AI market, fostering transparent interactions and rewarding both AI consumers and producers.
Key Features:
- Innovative AI Strategy: TAO Coin leverages distributed ledgers to promote open access, decentralized governance, and global collaboration for AI development.
- Open-Source Intelligence Hub: Serving as a global repository for machine intelligence, TAO promotes open innovation on a global scale.
- Fair Rewards: Users receive TAO tokens based on their contributions to the network, ensuring active engagement and equitable distribution.
Recent and Future Price Action:
Upon listing on Binance, TAO rallied towards $779.09 before dropping to $336.06. This price action indicates a wave 3 uptrend and a wave 4 correction for support, potentially leading to a big impulsive wave 5 rally from the current $427.45 position to $3000.
In summary, TAO Coin seeks to revolutionize the AI landscape by facilitating collaborative machine learning and fairly rewarding valuable contributions.

NO.2
$SAGA is a Layer 1 protocol that allows developers to automatically spin up VM-agnostic, parallelized, and interoperable dedicated chains, or "Chainlets," providing applications with infinite horizontal scalability. Each Chainlet replicates the Saga Mainnet, including the same validator set and security model.
Saga's mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.
Saga Ecosystem:
In just under 2 years, Saga has grown from 0 to 350 projects building on its protocol, with 80% focusing on gaming. About 10% of projects are NFTs and entertainment, and 10% are DeFi. A full roster of Innovators can be found here.
Saga has inked partnerships with Polygon, Avalanche, MarbleX, Com2uS, and Celestia to automatically scale their infrastructure using Chainlets.
By introducing Play-to-Airdrop as a powerful web3-native user acquisition engine, Saga has created a distribution channel for web3 applications that has been widely adopted by many protocols in this space.
Recent and Future Price Action:
After bouncing at support levels, SAGA emerges as an interesting coin to watch this month, with a breakout paving the way for a potential uptrend in the future. If we witness a Change of Character (CHoCH), it will confirm that the previous all-time high has a higher chance of being reached.

NO.3
Wormhole ($W) is the leading interoperability platform that powers multichain applications and bridges at scale. It provides developers access to liquidity and users on over 30 leading blockchain networks, enabling use cases spanning DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages.
Recent and Future Price Action:
We have already witnessed a break in structure, indicating one of the biggest uptrend scenarios. Reaching the first target is highly possible, making Wormhole one of the coins to watch this month as it appears bullish and has possibilities of reaching previous all-time high levels.

NO.4
$GALA is a web3 ecosystem powered by GalaChain, a layer-1 blockchain built to support the Gala entertainment ecosystem, which initially comprised Gala Games, Gala Music, and Gala Film. However, GalaChain has recently opened its doors to external developers and projects from any applicable industry, offering open-source developer resources to simplify the process.
Recent and Future Price Action:
Looking very interesting, Gala has respected its support level three times, and it's getting interesting now. The first breakout has emerged. If it flips above $0.05113, we will witness a mega pump. This makes it one of the most interesting coin to watch this month.

NO.5
$ORDI Coin is a cutting-edge cryptocurrency designed to revolutionize the digital finance landscape by providing decentralized, secure, and efficient transaction solutions. It leverages state-of-the-art blockchain technology to ensure transparency and trust in every transaction.
Mission:
To empower individuals and businesses worldwide by offering a decentralized financial tool that promotes accessibility, privacy, and autonomy from traditional banking systems.
Scalability Solutions:Implements Layer 2 scaling solutions like rollups for increased transaction throughput without sacrificing decentralization.
Key Features:
- Low Transaction Fees: $ORDI Coin minimizes transaction costs, making it affordable for everyday use.
- Fast Transaction Speeds: Through innovative solutions, $ORDI ensures quick processing times, significantly faster than traditional banking transactions.
- Eco-friendly: By using PoS, $ORDI Coin reduces the enormous energy usage associated with Proof of Work (PoW) systems.
Recent and Future Price Action:
It's looking bullish at the moment. I expect a bounce at the small fair value gap within the support area before ranging up to flip the major resistance area for a big uptrend as indicated.

In conclusion, May 2023 presents exciting opportunities for cryptocurrency investors, with five standout projects poised for potential future growth. From the innovative features of $TAO and $SAGA to the promising developments in $W, $GALA, and $ORDI, each offers unique value propositions in the ever-evolving crypto landscape. Keep a close eye on these projects as they navigate the dynamic market conditions and strive to make their mark in the digital economy.
#CryptoWatchMay2024

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