Here are some of the best cryptocurrencies to consider trading at the end of May 2024:
Bitcoin ( #BTC ): The original cryptocurrency with a market cap of $1.3 trillion. Its year-over-year return has been an impressive 147%. Bitcoinâs price has seen significant growth over the years, making it a popular choice for traders1.
Ethereum ( #ETH ): A blockchain platform and cryptocurrency known for its smart contract capabilities. Ethereum has experienced tremendous growth, with its price increasing from about $11 in April 2016 to around $3,072 by the end of May 2024 (a whopping 27,829% growth)1.
Tether (USDT): Unlike other cryptocurrencies, Tether is a stablecoin backed by fiat currencies like the US dollar and the Euro. It aims to maintain a consistent value, making it favored by investors wary of extreme volatility1.
Binance Coin (BNB): $BNB is used for trading and paying fees on Binance, one of the largest crypto exchanges globally. Its year-over-year return stands at 87%1.
Remember that cryptocurrency trading involves risks, so always do thorough research and consider your risk tolerance before making any investment decisions. Happy trading! đđ
