- The cryptocurrency market experienced the effects of Bitcoin halving in April but is struggling to progress in May, showing signs of decline.
- Despite the dominant market trends, some tokens are showing strong growth potential supported by solid fundamentals.
- Crypto expert Aneena Alex has identified two cryptocurrencies that are poised for significant capital inflow in May and potentially moving towards the $1 billion market value milestone.
Explore the two cryptocurrencies that are poised for significant growth in May, according to crypto expert Aneena Alex, and understand the reasons behind their potential rise.
First in line: Tezos (XTZ)
Tezos (XTZ), a Blockchain platform known for its focus on security, decentralized governance, and scalability, is nearing a market value of $910 million. The token is currently trading at $0.9277. The Tezos ecosystem is showing noteworthy activities. Recently, the Tezos Foundation partnered with Magic to improve the recruitment process for decentralized applications (dApps). This will integrate Magic’s wallet solutions into the Tezos Blockchain, simplifying processes for web3 applications and improving user experiences.
Rarible’s Inclusion of Tezos
Rarible is preparing to include Tezos in its aggregated platform. This development is significant as Rarible is a key player in the digital marketplace. This move underscores Tezos’s increasing impact and adoption in the NFT and broader crypto markets. Despite a challenging market environment, Tezos has demonstrated resilience. CoinCodex algorithms predict a 6.54% price increase for Tezos by May 31, which means the token price could reach approximately $1.020.
Second in line: JasmyCoin (JASMY)
JasmyCoin (JASMY) integrates IoT and Blockchain technologies to empower users with data sovereignty. The cryptocurrency currently has a market value approaching $905 million. Additionally, the token is showing promising growth with a price of $0.01836.
CoinCodex’s Prediction for JasmyCoin
CoinCodex predicts that the JasmyCoin price will reach $0.0474 by May 31, which represents a 152% increase for the cryptocurrency. Meanwhile, technical indicators show that the current sentiment is neutral. Both Tezos and JasmyCoin are in line with broader market trends and are ready to benefit from any positive changes in market sentiment. If the cryptocurrency market regains bullish momentum, these two cryptocurrencies are likely to attract more investment and push their market values above the $1 billion threshold.
Conclusion
Despite the overall challenging market environment, Tezos and JasmyCoin are showing strong potential for growth. Their solid fundamentals, strategic partnerships, and technological integrations position them well for capital inflow and market value increase. However, as always, potential investors should conduct their own research before making investment decisions.
