Top Crypto Altcoin Gems for May (Part 1), according to Altcoin Buzz
In the latest video, the widely-followed crypto channel Altcoin Buzz shares with their 249K subscribers the top five promising crypto gems that have shaken the dominance of Bitcoin and Ethereum.
Uniswap, the world’s largest decentralized exchange with a 24-hour trading volume of $2 billion, is the first altcoin on the list. At the time of the video, the coin was trading at $41.88 with a market capitalization of $21,778,317,663.
According to Altcoin Buzz, eToro has recently added UNi to bolster its crypto offering for investors in the coming months. Besides, the DEX is launching Uniswap V3 on May 5, with concentrated liquidity positions.
“The update will help liquidity providers to offer liquidity with a capital efficiency of around 4,000 times higher than V2”, they comment.
Next on the list is PlasmaPay. PlasmaPay is a crypto wallet and decentralized exchange licensed in Estonia. The platform acts as a bridge between the decentralized and centralized financial markets by enabling users to connect fiat via on and off-ramps.
“The DEX has an intuitive interface to give users access to the very best DeFi tools to bring crypto adoption to the masses”, Altcoin Buzz says.
At the time of the video, PPAY was trading at $0.241 with a small market cap of $36,987,940.
In the second quarter of 2021, PlasmaPay is expected to launch an Initial DEX Offering (IDO) platform called SpacePort. Moreover, the platform has plans to shortly launch HyperLoop – a cross-chain bridge protocol, PlasmaChain, and Node program.
Altcoin Buzz further adds that to further enhance its ecosystem, PlasmaPay has also recently partnered with CasperLabs, Sheesha Finance, and Bondly.
Fuse Network (FUSE)
The third altcoin of the month is Fuse Network with its utility token FUSE.
Fuse is a permissionless and public blockchain that aims to lower the barrier, cost, and friction of everyday finance. The network has created a dApp called Fuse Studio to set up their own communities. The whole network is supported by validators, who get paid in $FUSE tokens in return.
At the time of the video, FUSE was trading at $0.237 with a market cap of $17,698,010.
An interesting point highlighted by Altcoin Buzz is that Fuse Network can be used by anyone who operates a mobile phone. Therefore, businesses like Seedbed, Wikibank, Digital Rand, and PayWise have built upon the platform to build products that can cater to small communities.
“Fuse Network’s list of partners includes e-Money, Rupiah Token, KrystalDeFi, Orion, Unmarshal, MantraDAO, CorionX, and Boson”.
ShareRing (SHR) is another altcoin project on Altcoin Buzz’s radar. ShareRing is an open-source blockchain-based project for securely accessing and buying goods and services across the world.
ShareRing was among the first few projects to implement a dual token mechanism – SharePay (SHRP) and ShareToken (SHR).
“SHRP is a utility token that users can utilize throughout the ShareRing ecosystem. SHR, on the other hand, is a stablecoin that can be used for making daily payments for sharing services on the ShareRing marketplace”, they explain.
At the time of the video, the coin was trading at $0.0595 with a market cap of $143,998,331.
Blind Boxes (BLES)
Last on the list is Blind Boxes (BLES). Blind Boxes is a gamified aggregator marketplace for non-fungible tokens.
BLES is the governance token of Blind Boxes, which holders can stake in the management of the platform’s DAO. Collectors can mine BLES by opening Blind boxes, whereas creators can mine by selling NFTs for BLES.
At the time of the video, BLES was trading at $1.43 with a market cap of $12,199,802.
According to Altcoin Buzz, the platform has recently launched Blind Boxes Marketplace Beta to ensure a high-quality final product. Looking at its huge potential in disrupting the NFT space, BSCpad also listed it as one of the promising projects.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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