Crypto Picks for May 2024: BlockDAG Raises the Stakes as Compared to Polygon, Shiba Inu, Ethereum, and PEPE

Explore the top crypto picks for May 2024. BlockDAG leads with Polygon, Shiba Inu, Ethereum, and PEPE with a projected growth.

Robot looking where are the highest blocks standing.
Created by Kornelija Poderskytė from DailyCoin

Despite recent market downturns, the long-term outlook for cryptocurrencies remains optimistic, suggesting that short-term fluctuations should not overshadow the bigger picture. Among the leading contenders for substantial growth this quarter, with potential growth, are Polygon, Shiba Inu, Ethereum, and particularly BlockDAG.

Progressing rapidly, BlockDAG reached its 10th presale phase in under four months and raised $23.3 million. Experts argue which crypto could be the last standing one in a long run until 2030.

1. BlockDAG Soars: $23.3M Raised Already, Promising Growth

Recently advancing to batch 10, BlockDAG has raised $23.3 million from presale, selling over 8.5 billion coins in just four months. The project features a clear roadmap with a mainnet launch planned within six months and aims to reach a 9 figure valuation by 2024. Analysts see a significant growth potential for BlockDAG, predicting faster technological development. 

BlockDAG is bolstering its investor appeal and fostering a vibrant community by integrating 10 cryptocurrencies into its payment system. To promote stability and sustainable growth, BlockDAG has also instituted a four-month fixed vesting period and established a sustainable liquidity reserve at launch. This strategy prioritizes long-term growth and aligns with investor interests, enhancing commitment to the project’s success.

2. Shiba Inu: A Leading Meme-Coin with Promising Potential

Shiba Inu (SHIB) is more than a leading meme coin; it’s also a top 20 cryptocurrency, second only to Dogecoin (DOGE) in the meme coin category. Despite challenges from new contenders like Solana-based dog-themed tokens, Shiba Inu retains its market dominance. It played a key role in the latest meme coin boom, positioning it as a promising investment as the market rebounds. With its low entry price, Shiba Inu offers an accessible crypto network with a potential.

Shiba Inu coin logo.

3. Ethereum: A Leading Cryptocurrency Poised for Growth

Ethereum, rebounding strongly past the $2,871 resistance to surge over 9% to $3,116, shows strong growth potential, trending upward towards key indicators like the 100-day SMA and trendline. A cornerstone in digital finance, Ethereum’s continual innovation and adoption highlight its long-term growth.

Despite volatility, it leads in sector-wide innovation with its decentralized platform and smart contracts. The move to Ethereum 2.0 enhances its scalability and efficiency, reinforcing its position as a major cryptocurrency player.

Ethereum tokens.

4. PEPE Coin: Rapid Rise of a Frog-Themed Meme Cryptocurrency

PEPE coin, an Ethereum-based ERC token themed on “PEPE the Frog,” quickly hit the top 100 cryptocurrencies, surging from $0.000000001 to $0.0000014 since its mid-April 2023 launch. Unlike other meme coins like Dogecoin, PEPE features a frog theme and uses a deflationary mechanism that burns tokens with each transaction, increasing scarcity and value.

It also redistributes transaction portions to holders, boosting community engagement. Powered by its meme popularity, PEPE amassed over 290,000 Twitter followers and achieved a $1 billion market cap in just 20 days, skyrocketing by 7,000% in 17 days.

Pepe pin.

5. Polygon (MATIC): Undervalued Crypto to Watch

Currently trading below $1, Polygon (MATIC) is seen as a significant undervaluation by top analysts. With its critical role as a Layer 2 scaling solution for Ethereum, Polygon’s outlook is extremely bullish. As the Bitcoin halving passed, it is poised for a major rebound and price discovery, making it a standout investment opportunity.

Expected to outperform not just established coins but also newer tokens like Wormhole, Starknet, and DYM, Polygon represents a promising wave in the crypto market. If it’s not in your portfolio yet, consider this a strong prompt to explore its potential.

BloxkDAG advertisement.

Key Takeaway

Navigating the top crypto picks in Q2 2024, it’s clear that BlockDAG is among the leaders with its potential for growth. Moreover, its rapid presale success has investors anticipating a long run by 2030, positioning it as a standout crypto that is here to stay. 

BloxkDAG advertisement.


Join BlockDAG Now:





This article contains sponsored content from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Sponsored Content

The opinion of DailyCoin’s partners in a single voice.