thenewscrypto.com
- Top 3 Cryptos to watch for in May 2023 are ICP, FLOKi and SHIB.
- In the past 24 hours, ICP has increased by 9.13% as per CoinMarketcap.
The adoption of blockchain technology has led the extremely volatile cryptocurrency sector to expand greatly throughout the whole global financial system. The cryptocurrency sector is undoubtedly seeing a lot of changes. Investors from all around the world are still drawn to the crypto sector. Let’s discuss a few coins that appear to be trending up that will likely surge in May.
Internet Computer (ICP)
The Internet Computer is the only general-purpose blockchain that is indefinitely scalable and speedy. Along with Bitcoin and Ethereum, it also stands for the third significant advancement in the blockchain.
Following some impressive network development activity, Internet Computer is booming. The developers of the project disclosed a significant partnership with Carbon Crowd to strengthen its carbon emissions tracking. Those in the ICP community see this as a positive catalyst as the surge in interest in efficiency picks up.
Additionally, the Dfinity Foundation, which is working on the Internet Computer network, recently revealed the release of “chain-key bitcoin,” or “ckBTC,” a native ICP asset. The bitcoin derivative based on ICP is a significant advancement in blockchain interoperability. The technology has been integrated at the protocol level with bitcoin. The current price of ICP is $6.53 with a 24-hour trading volume of $85,019,196. In the past 24 hours, ICP has increased by 9.13% as per CoinMarketcap.
FLOKI (FLOKI)
In recent months, one of the top performers on the cryptocurrency market has been the well-known memecoin FLOKI (FLOKI). On April 24, Binance.US confirmed via a tweet that FLOKI deposits now accepted on their platform. The tweet proceeded to emphasize the different options available inside the RealFlokiInu ecosystem, including a Play-to-Earn game, FlokiFi (DeFi), Floki prepaid card (Visa/Mastercard), and NFT marketplaces and collections.
The value of Floki Inu, which has been slowly increasing in value over the previous few months, has seen a large increase following the news of the Binance.US listing. According to CoinMarketcap, the FLOKI is presently being traded at $0.00003607 with a 24-hour trading volume of $0.00003607.
Shiba Inu (SHIB)
The most popular and one of the most promising cryptocurrencies on this list is SHIB. Shiba Inu is a coin that has seen a lot of growth along with enormous social support on a global scale.
The project’s long-term potential is something that many people believe in. The much-awaited layer 2 blockchain scalability solution for the Ecosystem, called Shibarium, is almost here. It is anticipate that the Shibarium and Shiba INU’s developers would continue to prioritize video games and other metaverse applications. As per CoinMarketCap SHIB is trading at the price of $0.00001027 with a 24-hour trading volume of $80,855,236.