Top 5 Coins To 10X Your Portfolio in May 2024
1. Bitcoin (BTC):
Market capitalization: $1.25 trillion USD
Launched in 2009 by Satoshi Nakamoto, Bitcoin (BTC) stands as the pioneering cryptocurrency. In May 2016, the price per Bitcoin was approximately $500 USD. By April 20, 2024, post the most recent Bitcoin halving event, the price had surged to around $63,750 USD, marking an impressive growth of over 12,650%.
2. Ethereum (ETH):
Market capitalization: $367 billion USD
Ethereum is not just a cryptocurrency but also a robust blockchain platform. Its price journey from around $11 USD in April 2016 to roughly $3,050 USD in April 2024 reflects a staggering growth of 27,627%.
3. Tether (USDT):
Market capitalization: $109.6 billion USD
Unlike many cryptocurrencies, Tether (USDT) is a stablecoin pegged to the US dollar, maintaining a 1:1 backing. This stability mechanism theoretically ensures a more consistent value compared to other volatile cryptocurrencies.
4. Binance Coin (BNB):
Market capitalization: $83 billion USD
Binance Coin (BNB) serves as a cryptocurrency for trading and fee payments on Binance, a leading global crypto exchange. Since its inception in 2017 at $0.10 USD, BNB's price surged to around $557 USD by April 20, 2024, marking an exceptional gain of about 556,900%.
5. Renzo (REZ):
Renzo Protocol's native token, REZ, experienced a significant drop in value shortly after its listing on Binance, the world's largest crypto exchange. On April 23, Binance added REZ to its Launchpool as the 53rd project in its token distribution plan. Renzo Protocol stands as the second-largest liquid restaking protocol after Ether.fi, with a total value locked (TVL) exceeding $3.3 billion USD.
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