Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Possible Four Cryptos To Put On The Watchlist This Month

Cryptocurrency May 27, 2022 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Possible Four Cryptos To Put On The Watchlist This Month

After the eventful month that the crypto market had in April 2022, it has become important to know what cryptos to invest in for May. Here are some cryptos to put on your watchlist:

  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • NEAR Protocol (NEAR)
  • CashFi (CFI)
  • Dogecoin (DOGE); Top Meme Crypto Under $1

    Dogecoin (DOGE) is a decentralized cryptocurrency based on the doge meme in 2013 by software engineers Billy Markus and Jackson Palmer. The crypto has no market cap.

    Currently, there are about 130 million DOGE tokens in circulation and that means for there to be a spike in its value there would need to be a high increase in demand. This was what happened in mid-2021 because of tweets by Tesla (NASDAQ:TSLA) creator, Elon Musk. His talk about Dogecoin (DOGE) caused its value to go up by about 18,000% in 2021. The token went from $0.004 to about $0.74 in about six months.

    Although the crypto’s value has come down since then, it has a market cap of over $16 billion and is ranked 12th on CoinMarketCap. Seeing as it is currently under $1, Dogecoin (DOGE) has great potential for massive returns for its existing holders should it experience another spike in value like it did last year.

    Ethereum (ETH) Transitioning To Proof-of-Stake

    Released initially on the 30th of July in 2015, Ethereum (ETH) is a decentralized and open-source blockchain network with smart contract functionality. Its native token is Ether. Ethereum (ETH) has used its status as a smart contract front-runner to gain a significant competitive edge over others. It is currently the biggest decentralized finance (DeFi) ecosystem in the crypto world.

    Due to the network’s significant congestion and high transaction fees, developers have a plan to improve Ethereum’s (ETH) scalability. The platform is transitioning from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) consensus mechanism which is expected to increase the network’s throughput to 100,000 transactions per second (TPS). This would improve the blockchain’s adoption and increase its crypto value.

    Ethereum (ETH) has been predicted to have a market cap of over $500 billion in the decade and this is a very good reason to watch this crypto and maybe own it.

    NEAR Protocol (NEAR) Launched Stable-coin, USN

    NEAR Protocol (NEAR) was launched on the 22nd of April, 2020. It is a sharded, proof-of-stake, layer 1 blockchain that exists to foster ecosystem development and innovation through grant funding. It is simple to use, scalable, secure, and consists of an ever-expanding network of global community members, developers, and creatives. NEAR Protocol (NEAR) has recently launched its stable-coin offering, USN which has plans to pay its investors up to 20% annual interest.

    In January, NEAR Protocol (NEAR) raised $150 million and then another $350 million in a funding round in April. This funding could be used by the platform to drive development and this should attract more users and increase its value. The crypto is currently ranked 20th on CoinMarketCap with a market cap of over $7 billion.

    CashFi (CFI); Next-Generation of Liquid Staking

    CashFi (CFI) is a decentralized blockchain network that has plans to build collaboration and interconnection and will adopt a unique fee-sharing approach to provide its investors with access to several asset classes.

    These asset classes will include, liquid staking, NFTs, and synthetics. The platform has plans to unite the blockchain ecosystem and provide faster and more low-cost services that are scalable. These services all being provided in one place will allow for a smooth and simple to utilise user experience for even a newcomer to crypto.

    CashFi (CFI) will build the ideal ecosystem for providing top-tier liquid staking, NFT, and Synthetic Asset services. CFI Synths is a synthetics protocol designed by CashFi and will serve as a commodities dealing and trade financing platform inside CashFi’s ecosystem.

    Find out more information on the CashFi (CFI) Website and Telegram. You can also find more about presale here.

    Continue reading on DailyCoin

    Possible Four Cryptos To Put On The Watchlist This Month

    Related Articles

    Add a Comment

    Comment Guidelines

    We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

    •            Enrich the conversation, don’t trash it.

    •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

    •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

    • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
    • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
    • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
    • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
    • Only English comments will be allowed.

    Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

    Write your thoughts here
    Are you sure you want to delete this chart?
    Post also to:
    Replace the attached chart with a new chart ?
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
    Are you sure you want to delete this chart?
    Replace the attached chart with a new chart ?
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Add Chart to Comment
    Confirm Block

    Are you sure you want to block %USER_NAME%?

    By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

    %USER_NAME% was successfully added to your Block List

    Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

    Report this comment

    I feel that this comment is:

    Comment flagged

    Thank You!

    Your report has been sent to our moderators for review
    Continue with Google
    Sign up with Email