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The cryptocurrency market experienced the Bitcoin halving event last weekwherethe supply of BTC was cutin half. The development makes Bitcoin scarcely available in the marketat a timewhen theres ahugedemand for the cryptocurrency. As the demand for the cryptocurrency is high, the move could make its price sustainably scale up in the indices in May 2024.

Also Read: Cardano: How High Can ADA Trade This May?

The entry of global institutional investors in the cryptocurrency market through Spot Bitcoin ETFs can make BTC reach new heights. If Bitcoin climbsupthe charts, it will also push other leading cryptocurrencies to rally and move in tandem with its price rise.In thisarticle, wewill highlight the top 3 coins to buy in May 2024.

Also Read: Shiba Inu Team Estimates When SHIB Could Hit $0.01

1. VeChain (VET)

VeChain (VET) was among the top-performing assets in the cryptocurrency market in Q1 of 2024. VET is currently trading around the $0.038 mark and is mostly moving sideways in the indices.It spiked nearly 70% between JanuarytoMarchridingthe hype of the Bitcoin halving event.

However, VET is down in April this month and barelymoved upin the charts in the last 30 days. Now that the BTC halving event is over, aspike in BTCs pricecould catapult VET in May 2024. VET has more chances to rise in May 2024 as VeChain mostly moves in tandem with Bitcoin.

Also Read: Settlement Woes Weigh On XRP: Will Ripple Hit $1 Sooner Than Later?

2. Cardano (ADA)

Leading altcoin Cardanos native token ADA is hovering around the $0.45 price range. ADA is receiving a large trading volumetouching$282 million this week. Cardanos ADA is consolidating in priceanda leg-up from here could push the cryptocurrency to climb above the $0.50 mark in May 2024.

3. Dogecoin (DOGE)

Billionaire Elon Musk could soon integrate Dogecoin as an official form of payment for customers to buy Tesla cars. If the cryptocurrency markets rally, Dogecoin is the first to spike double digits and deliver profits to investors. Dogecoin is mostly the sleeping giant of the cryptocurrency market and rallies when the market turns green.

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Cryptocurrency: 3 Coins To Buy Under $0.5 in May 2024 - Watcher Guru