Let’s check the best altcoins to invest in May 2021. The cryptocurrency market, which fell more than 10% last week, entered this week with a growth. According to CoinGecko, the total value of the cryptocurrency market has increased by 8.1% in 24 hours.
Bitcoin rose above $ 50,000 again as it entered the new week. To CoinGecko, the total value of the cryptocurrency market is over $ 2 trillion, while the dominance of Bitcoin is measured at 51.49% *.
The 6 altcoins that we think could be followed throughout the week in this atmosphere were ** Cardano, Solana, Elrond Network, Chiliz, Qtum and My Neighbor Alice, respectively.
Opening price of the week ***: $ 1.18
This week’s news: Cardano will organize the Africa Special program on April 29 at 19:30 Turkey time.
Why to follow: At the end of this month, the African Special program will be held instead of Cardano360. Cardano founder Charles Hoskinson said on the program they “will celebrate the great work they have done and will continue to do”. You can attend the Special Africa program, which the IOHK Foundation announced to be a “very special event”, by registration.
Elrond Network (EGLD)
Opening price of the week: $ 161.66
This week’s news: Automated market maker (AMM) called Maiar Exchange, which uses the Elrond infrastructure, is scheduled to be available on April 30th.
Why to follow: Maiar Exchange will have a token called MEX that can be used in the exchange. EGLD holders have been able to staking since April 19 to receive MEX tokens. Distributions are expected to begin in the first half of May.
Opening price of the week: $ 0.438
This week’s news: Socios.com will organize two supply of fan tokens this week.
Why to follow: Chiliz owners will be able to purchase the fan token named GOZ developed for Göztepe on April 27. On April 28, Universidad de Chile’s token will be offered.
Opening price of the week: $ 46.91
This week’s news: It has been announced that the “Solana Season” will begin on April 28th.
Why to follow: The announcement made on April 22, without giving any details, aroused curiosity on social media.
My Neighbor Alice (ALICE)
Opening price of the week: $ 9.20
This week’s news: My Neighbor Alice will perform the first digital “land sale” on the platform after the staking process that will start at 15:00 Turkey time on May 27 and last until May 11.
Why to follow: 927 parcels on the island of “Nature’s Rest” will be distributed by lottery on May 12th. A minimum of 20 ALICE staking will be required to enter the raffle. The terrains in My Neighbor Alice can be used as digital assets as they function as NFTs. It is possible to buy and sell them both in the game and on NFT exchanges, which are considered as third parties.
Opening price of the week: $ 13.14
This week’s news: Qtum will hold a hard fork on April 30 around 09:00 Turkish time (it may vary).
Why to follow: There is currently an average of 128 seconds of gap between blocks in Qtum. This number will be reduced to 32 seconds after the hard fork. In addition, the algorithm used for difficulty adjustment and block rewards will be updated.
* BTC.D Index, TradingView
** According to the market value on CoinGecko