There was activity in many altcoins in May. We left behind a month with ups and downs due to the fluctuations in the market. According to CoinMarketCap data, the most profitable coins in May are as follows;
- SHIBA INU (SHIB)
- Telcoin (TEL)
- Polygon (MATIC)
- Ethereum Classic (ETC)
- Cardano (ADA)
Shiba Inu (SHIB): Shiba Inu, one of the most important meme cryptocurrencies, received great attention from cryptocurrency exchanges last month. At the beginning of May 2021, the interest of investors in the Shiba Inu was also great. Later on May 13, Vitalik Buterin announced that he had donated some of the tokens to a fund helping India with COVID relief. After that, there was a decrease in SHIB.
According to Coinmarketcap data, Shiba Inu ranked first among the coins that earned the most with 430.84 percent last month.
Telcoin (TEL): Telcoin (TEL) is an Ethereum-based decentralized cryptocurrency established in Singapore in July 2017 to bridge the gap between cryptocurrencies, blockchain, and the telecommunications industry. . The project aims to partner with leading names in the telecom industry such as Verizon and AT&T to eliminate the confusion between billing platforms and mobile money.
Polygon (MATIC): Polygon, the protocol that builds a network of blockchains compatible with Ethereum, ranked 15th on CoinMarketCap, and its utility token, MATIC, also earned a lot last month. MATIC’s all-time high (ATH) price was $2.64 on May 18. The most active exchange of Polygon, which is traded on 36 exchanges, is Binance. According to Coinmarketcap data, it ranked third among the top earning coins last month.
Ethereum Classic (ETC): Ethereum Classic, which is called the real Ethereum by some, has also brought a lot to its investors in the past weeks. According to CoinMarketCap data, it took its place among the top 5 cryptocurrencies with a rate of 52.58% in the list of top earners last month.
Cardano (ADA): Cardano (ADA), which ranks 4th in terms of market capitalization, has increased by 30% in the last 30 days.
You can examine the most profitable altcoins in the past month from the table:
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.