Top 5 Coins That Will 10X Your Portfolio in May 2024
1.Bitcoin (BTC):
Market capitalization: $1.25 trillion
Launched in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the pioneer cryptocurrency. In May 2016, the price per Bitcoin was approximately $500. By April 20, 2024, after the most recent Bitcoin halving event, the price had risen to around $63,750 USD, marking an impressive growth of over 12,650%.
2. Ethereum (ETH):
Market capitalization: $367 billion
Ethereum is not only a cryptocurrency but also a robust blockchain platform. Its price going from around $11 USD in April 2016 to approximately $3,050 USD in April 2024 reflects a staggering growth of 27,627%.
3. Tether (USDT):
Unlike many cryptocurrencies, Tether (USDT) is a stablecoin pegged to the US dollar and maintains a 1:1 backing. In theory, this stability mechanism ensures a more consistent value compared to other volatile cryptocurrencies.
4. Binance Coin (BNB):
Binance Coin (BNB) serves as a cryptocurrency for trading and payment of fees on Binance, a leading global crypto exchange. Since its inception in 2017 at $0.10 USD, the price of BNB rose to around $557 USD on April 20, 2024, marking an exceptional gain of around 556,900%.
5. Renzo (REZ):
Renzo Protocol's native token, REZ, saw 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. The Renzo Protocol stands as the second largest liquid recovery protocol after Ether.fi, with a total value locked (TVL) exceeding $3.3 billion.
