Top 5 Cryptocurrencies in May 2022: ETH, SOL, DOGE, ADA, LUNA

With the vast amount of coins and tokens in the market, it can be hard to pinpoint potential projects that could go to the moon. So, we at CoinQuora have decided to help you out as we’ve handpicked the best crypto to buy now as of May 2022.

1. Ethereum (ETH)

Ethereum (ETH) is a worthwhile investment for several reasons this May 2022. One of the biggest reasons is that Ethereum powers most of the metaverse’s commerce. Additionally, 80% of all NFTs are traded on the Ethereum network, and plenty of the top tokens are Ethereum based. Finally, the new Ethereum “Merge” is coming possibly a “few months after June.” 

At the time of writing, Ethereum (ETH) trades at a price of just over $2,900, with a growth rate of almost 1% over the past 24 hours. ETH has a market capitalization of over $350 billion and a 24-hour trading volume of over $18 billion.

Ethereum is one of the best cryptos to buy now. However, for a more detailed technical analysis of ETH, visit this link to our CoinQuora Ethereum Price Prediction.

2. Solana (SOL)

Solana (SOL) has been in the news through the apps on its blockchain. One of the bigger news is OpenSea’s BETA on the Solana blockchain – which meant users could now buy, sell, and transfer Solana NFTs using OpenSea. Solana has also recently invested $500 thousand to YGG SEA to help develop training programs on building projects within the Solana blockchain.

At the time of writing, Solana (SOL) trades at a price of almost $98, with a growth rate of almost 120% over the past year. SOL has a market capitalization of over $23 billion and a 24-hour trading volume of around $1 billion.

Solana is one of the best cryptos to buy now. However, for a more detailed technical analysis of SOL, visit the link to our CoinQuora Solana Price Prediction.

3. Dogecoin (DOGE)

Dogecoin (DOGE) has been in the news, most notably because of Elon Musk. This news grew and affected DOGE’s price, especially when Musk bought Twitter in late April for $44 billion – resulting in a 31.56% increase within 24-hours of the purchase.

At the time of writing, Dogecoin (DOGE) trades at a price of almost $0.12 with a growth rate of 1.7% over the past seven days. DOGE has a market capitalization of over $18 billion and a 24-hour trading volume of just around $1 billion.

Dogecoin is one of the best cryptos to buy now. However, for a more detailed technical analysis of DOGE, visit the link to our CoinQuora Dogecoin Price Prediction.

4. Cardano (ADA)

Cardano (ADA) has been brimming with activity this 2022. It has often showcased these statistics over the years – such as how the blockchain now has 900 projects, 74% ADA staked in wallets, and the wallets holding ADA reaching over 3 million. Not to mention, the much-awaited Vasil hardfork update coming after June.

At the time of writing, Cardano (ADA) trades at a price of over $0.83, with a decline rate of 8.4% over the past seven days. ADA has a market capitalization of almost $27 billion and a 24-hour trading volume of over $756 million.

Cardano is one of the best cryptos to buy now. However, for a more detailed technical analysis of ADA, visit the link to our CoinQuora Cardano Price Prediction.

5. Terra (LUNA)

At the time of writing, Terra (LUNA) has been through a rollercoaster of price ranges. It reached its all-time high on April 5, while on April 29, it reached a new all-time low. This is likely caused by investors dumping the coin right after it pumped to its new all-time high. Despite that, Luna still shows potential despite being abandoned by pump-and-dumpers.

At the time of writing, Terra (LUNA) trades at a price of over $86, with a growth rate of 415% over the past year. It has a market capitalization of almost $30 billion and a 24-hour trading volume of around $2 billion.

Terra is one of the best cryptos to buy now. However, for a more detailed technical analysis of LUNA, visit the link to our CoinQuora Terra Price Prediction.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.