There are several cryptocurrencies that you can make big gains from in May. These coins have massive potential and great futures ahead of them.
First on the list is Ramp DeFi; Ramp topped out about a dollar in late March and has gone by about 36%. Ramp earlier had a distribution phase with a big pump. Ramp is now moving to a situation where its main products will be coming out. Ramp can still do a 10x or more during this bull run; a 10x will put it at about six dollars, and in the top 100, it will get a market capitalization of about 1.7billion dollars.
Ramp recently announced that they had launched the RUSD minter. Ramp is a liquid staking protocol in the sense that if you have a coin or liquidity pool token that you are staking somewhere, you can lock it up in Ramp, whereby you will get your staking rewards and RUSD dollar stable coin. You can take those dollars, buy more coins, stake them and double your rewards.
Ramp DeFi is a coin with massive potential and could easily be a top 100 coin. One thing to note is that, now that their product is live, revenue will start coming to their token. The staking rewards have been crazy; if you are staking Ramp on Ethereum, it is 38.8% APR, but the potential for the price to move up now is that there is a real product. There now is a real DeFi product with a real revenue module that will be bringing tokenomics into play. We may see Ramp taking off before the launch of the RUSD minter.
Another coin is Ethernity Chain; it is an NFT play. Ethernity is currently working with big celebrities bringing NFTs to the blockchain. Ethernity is ensuring that the NFTs you are purchasing are legitimate. Fraud is a big problem in the NFT space, especially because the chances of scammers getting caught are relatively low.
Ethernity chain is bringing real NFTs for real celebrities. One of Ethernity’s popular sales is the Muhammad Ali NFT which was sold for $220,000 and came with physical Muhammad Ali boxing gloves signed by Muhammad Ali himself.
The NFT space has so much potential, and owning coins like Ethernity could be very good.
Polkadot is another bullish cryptocurrency for this month. Polkadot is in a low phase where parachains have not launched yet, and everybody is waiting for the parachains. The Polkadot ecosystem remains one of the most bullish ecosystems outside Ethereum.
When Parachains launch, everything will go crazy for Polkadot because Polkadot will have a real ecosystem with applications, and activity will begin to occur.
Another reason why Polkadot has so much potential is that we will have Polkadot Decoded by the end of the month. Polkadot Decoded is a two-day conference focused on Polkadot; one good thing with these events is that we tend to see a bit of a price run-up before these events happen. We have seen it happen with Cardano, XRP, Stellar, and Dogecoin.
