Top 10 Cryptocurrencies to Buy in May 2024

Check out the top 10 cryptocurrencies to buy in May 2024

Being among the first ones to highlight three cryptocurrency projects that either have enjoyed staggering advancements recently or have crucial moments shortly will be our first point. Our lean methodology focuses on picking the most promising coins of the week that feature the freshest updates in the blockchain and crypto space.

1. Toncoin

TONcoin is a project that's working on an upgraded version of a blockchain platform that was previously developed by a team that led the Telegram messenger project. The project by Telegram was, however, forced to give up due to unwelcoming administration in the US securities.

2. Bitcoin:

Bitcoin is not a centralized cryptocurrency; it is loosely based on and was initially described in 2008 and launched in early 2009 as a peer-to-peer digital asset. Bitcoin was invented by a person, named Satoshi Nakamoto, whom many claim to be a fictional person yet nobody has confirmed their identity to this day.

3. Stepn

 STEPN offers a mobile app that will reward its users with 'crypto token' for just having to walk to jog or run. STePn generates two play-to-earn initiatives, namely, GST and GMT tokens. There are daily spending caps and more tokens given to users for walking, but users can earn more tokens as they walk.

4. Ethereum

Ethernet is a type of blockchain that supports smart contracts enabling more complex Dapps like decentralized lending protocols, NFTs, etc. Ethereum's founding project is attributed to Vitalik Buterin who, in late 2013, wrote and published the Ethereum white paper. The Ethereum blockchain was brought into play on the 30th of July 2015.

5. Solana

This high-transaction platform is Solana and even with its architecture it can process an enormous amount of operations while the costs of the procedure are staying at the lowest level. Solana can accomplish this with the use of a special proof-of-history algorithm as well as a proof-of-stake consensus mechanism.  

6. XRP

XRP is a cryptocurrency that was released on June 1st, 2029. It was introduced by, David Schwartz, Jed McCaleb, and Art Britto, as co-founders of OpenCoin among others, together with Chris Larsen. 80% of the XRP supply has been passed on to XRP, the developers of the XRP by gifting.

7. BNB

BNB is a coin that Binance was originally listed in 2017, the biggest global exchange for the cryptocurrency. BNB has two major thrusts. As long as a customer owns Binance's token he might then enjoy the cultural benefits entailing less fees for accounts on Binance margin trading positions and access to its Initial Exchange Offering (IEO) platform Launchpad (the latter opportunity will be discussed later) as well as Launchpool.

8. Uniswap

Uniswap is a cryptocurrency exchange that is not centralized, which has played leading roles in terms of introducing and commercializing the AMM model (the automated liquidity provision mechanism). The protocol claims that this also allows murky orders, but it makes the process much more clear because now two parties can swap tokens directly without third parties and record every transaction on the blockchain.

9. Mina Protocol

Mina is a project that aims to develop an incredibly light mechanism that can be used as a blockchain. The main theory of zero-knowledge technology is that the size of the Mina blockchain remains at 22 kilobytes even while using the blockchain.

10. Cosmos

Cosmos is a network that's designed to allow different blockchain platforms to interoperate with each other. The Cosmos network is coordinated by the Cosmos Hub, a Proof-of-Stake blockchain. The Cosmos Hub is also designed to facilitate connections with blockchains outside of the Cosmos ecosystem, for example, Bitcoin and Ethereum.