Crypto markets are quite volatile and turbulent. They undergo wild swings that at times make investors ecstatic, to the extent of imagining themselves buying Lambos, only for the coins to tumble down and become almost worthless. There has been a massive correction from the December highs and now it looks like we are entering a bull trend. An analysis of the performance of cryptocurrences over the last several days when the bull trend started shows that alctoins have outperformed BTC. For this reason, I choose to channel most of my May 2018 buys onto alctoins. The following are my top three buys for the month of May:
- XRP
XRP partnered with Western Union on 18th April 2018 releasing their new payment application in the Latin America and the Caribbean. If the application is well received, then XRP is set for a massive upsurge in its price in May. XRP also has a massive set of partnerships lined up for the next quarter of 2018. Some of these are Partnership with Apple and SBI Holdings
- Komodo
It’s the pioneer of decentralized ICOs. KMD will revolutionize the ICO platforms of the cryptocurrency space. The momentum behind KMD is highly building as they prepare to launch their fist dICO in May 2018.
- NULS
They are set to release a wallet and mainnet in May 2018
Let me know what you think guys. What are you planning to buy in May?