- The month of May has been generally good for the crypto market. Despite the market’s sideways movement, there are some promising altcoin projects to consider throughout May. So, which coins should we be looking at in May? Crypto expert Camille Lemmens from the Altcoinbuzz team shares 4 altcoins that should be on the radar in May.
- The first altcoin on the list is PARSIQ (PRQ). PARSIQ is all about connecting on-chain and off-chain applications in real time. The team has been doing this for a long time. However, there has been a major change recently. As you know, Blockchains cannot talk to each other. Smart contracts only work on their own networks. Not anymore. PARSIQ launched Reactive Network. Smart contracts can now read contracts on other Blockchains. As a result, it is now possible for smart contracts on EVM Blockchains to talk to each other.
- This has very big implications. For example, it is now possible for smart contracts to trigger actions on different Blockchains. For example, you can trigger an action on the BSC Blockchain during a game on Polygon. So it’s 100% cross-chain and interoperable. But it’s not just about gaming, it also works great in trading. With Reactive Network, you no longer trust oracles. Everything stays on-chain. All off-chain components like CEX or price feed become obsolete. This is truly revolutionary. PARSIQ is a much cheaper but very real competitor for The Graph.
In this article, we will discuss the potential of four altcoins that are expected to make significant strides in the crypto market in May. These coins include PARSIQ, Goldfinch, Axelar, and Helium Network.
First on the List: PARSIQ (PRQ)
PARSIQ is an innovative platform that connects on-chain and off-chain applications in real time. The team has recently launched the Reactive Network, a game-changer in the crypto space. This network allows smart contracts to read contracts on other Blockchains, making it possible for smart contracts on EVM Blockchains to communicate with each other. This development has significant implications, particularly in gaming and trading.
Goldfinch (GFI) Comes Second
Goldfinch enters the world of real-world assets. The goal of Goldfinch is to have financial inclusivity for everyone. Therefore, Goldfinch provides credit limits. You can provide your USDC, and borrowers can borrow it. However, the interesting part is this. These borrowers are companies from all over the world. Start-ups in Africa or corporations in big cities in America. The difference is that they all have access to the same capital markets.
Third on the List: Axelar (AXL)
Axelar is all about cross-chain. It is a part of the Cosmos Hub. Axelar offers a Virtual Machine and Cross-Chain Token Layer. So, there’s a lot about bridging, but there’s more. Axelar VM allows new Blockchains to connect permissionlessly. This makes it more than a messaging service. It is a fully programmable cross-chain layer.
Conclusion
These four altcoins have shown significant potential and are expected to make considerable strides in the crypto market in May. Investors and crypto enthusiasts should keep an eye on these coins as they continue to innovate and disrupt the crypto space.
