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Crypto-currency is gaining popularity at a very high pace. Due to its growth potential, many people are investing in this new form of cash-minting. However, before investing your hard-earned money into crypto-currency, you should develop an understanding of how crypto-currencies work and how to mitigate the risk factors associated with this investment.
Having said that, this blog brings you a concise yet informative list of top cryptocurrencies to buy in May 2022. These currencies are best suited for people who are new to this investment category.
Ethereum:
Ethereum is one of the top crypto-currencies out there. Due to its first-mover advantage in the market and high growth potential, the demand for Ethereum is increasing by leaps and bounds. By keeping in view the records of this crypto-currency, it is seen that Ethereum has proved itself as an excellent long-term investment opportunity.
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The currency has also experienced a significant hike in its selling price due to its constant innovation, improved security, and functionality.
Dogecoin (DOGE):
Dogecoin is, no doubt, a significant player in the crypto-currency market. Due to its potential, it has exhibited itself as the best-undervalued crypto-currency for 2022. DOGE has helped many people in becoming millionaires and billionaires. The business tycoon Elon Musk himself praised this crypto-currency. Musk said that DOGE is his favorite crypto hence contributing to the massive growth of this currency. Dogecoin comes with a low traction fee, thus ensuring a cheaper transaction.
ApeCoin (APE):
If you want to make your place in the hottest NFT market, you need to invest in APE in May 2022. APE is a gaming coin that hit the market in 20022. It is known for its utility and governance features. This currency was developed by keeping in view the metaverse crypto project. Within a short duration of time, APE is used by different services, including Money Firm, play-to-earn gaming, and shopping.io