VeChain

Stacks

Render

MultiversX

Pepe

<p>With the month of May already unfolding, the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> is trading in a relatively choppy trend, taking the cue from the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset – Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) – and some altcoins are performing better than others.</p><p>In this context, <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> has analyzed the recent performance and developments around these top altcoins on the market to deliver a list of five altcoins that <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> should pay particular attention to during the fifth month of 2023.</p><h2 id="header-0">Pepe (PEPE)</h2><p>A new sensation in the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> space, Pepe (PEPE) has witnessed <a href="https://finbold.com/from-meme-to-millions-pepe-cryptocurrencys-explosive-150m-growth/" rel="noopener noreferrer nofollow">massive success</a>, surging <a href="https://finbold.com/jokes-aside-pepe-surges-120-to-become-worlds-3rd-largest-meme-coin/" rel="noopener noreferrer nofollow">over 120%</a> on May 1, to become the world’s third largest meme coin, entering the company of the meme <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> ‘greats’ and outpacing the likes of Floki (<a href="https://finbold.com/cryptocurrency/floki/" rel="noopener noreferrer nofollow">FLOKI</a>) and Baby Doge Coin (<a href="https://finbold.com/cryptocurrency/baby-doge-coin/" rel="noopener noreferrer nofollow">BABYDOGE</a>).</p><p>On top of that, PEPE was recently <a href="https://www.okx.com/help-center/okx-will-list-pepe-pepe-for-spot-trading" rel="noopener noreferrer nofollow">listed</a> on OKX,  which has helped its price grow a massive 329.18% over the last week and an even more impressive 1,503.11% in a single month, despite its gains being slightly offset by the 19.97% loss in the last 24 hours, as per <em><a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a></em> data retrieved on May 3.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/36d4676ba6b841349b6d1670be0c80dc.png" /><p><em>Pepe 30-day price chart. Source: <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">CoinMarketCap</a></em></p><h2 id="header-1">Render Token (RNDR)</h2><p>The recent surprise in the sector is Render Token (<a href="https://finbold.com/cryptocurrency/render/" rel="noopener noreferrer nofollow">RNDR</a>), which has caught the attention of the crypto community with an impressive price climb upon its listing on <a href="https://finbold.com/review/coinbase-review/" rel="noopener noreferrer nofollow">Coinbase</a> earlier this year, one of the largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchanges</a> in the world, in what is a clear example of the ‘Coinbase effect.’</p><p>Adding up to the 285% surge in just a few short months and promising more is to come, Render Token is currently changing hands at the price of $2.15, up 2.76% on the day, 6.33% in the previous seven days, as well as 68.08% over the past month, currently trading at 0.0000009266, according to the latest charts.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/349040e0db134b9286500cf1c9c5828c.png" /><p><em>Render Token 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/render/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-2">MultiversX (EGLD)</h2><p>Speaking of the positive effects that listings on crypto exchanges have on digital assets, the Upbit <a href="https://twitter.com/MultiversX/status/1651484708943847425" rel="noopener noreferrer nofollow">listing</a> of MultiversX (<a href="https://finbold.com/cryptocurrency/multiversx-elrond/" rel="noopener noreferrer nofollow">EGLD</a>), formerly known as Elrond, has led to its significant price rally, <a href="https://finbold.com/flokis-explosive-40-surge-propels-it-to-the-top-100-cryptocurrencies/" rel="noopener noreferrer nofollow">similar</a> to what earlier happened to the meme coin Floki (<a href="https://finbold.com/cryptocurrency/floki/" rel="noopener noreferrer nofollow">FLOKI</a>) upon its listing on Binance.US, the American branch of <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>.</p><p>At press time, MultiversX was trading at the price of 40.07%, down 0.65% over the previous day and 2.14% in the last month, but gaining 3.40% across the past seven days, as the most recent chart data, accessed on May 3, indicates.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6f44aadbb08c4ca2a9cbb2a5aab2762e.png" /><p><em>MultiversX 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/multiversx-elrond/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-3">VeChain (VET)</h2><p>Despite its not-so-glorious performance in recent weeks, the price of VeChain (<a href="https://finbold.com/cryptocurrency/vechain/" rel="noopener noreferrer nofollow">VET</a>) has a chance to turn the page in May, as it capitalizes on the digital asset’s team <a href="https://twitter.com/vechainofficial/status/1651584924745449478" rel="noopener noreferrer nofollow">launching</a> a VechainThor mobile <a href="https://finbold.com/guide/crypto-wallets/" rel="noopener noreferrer nofollow">crypto wallet</a> upgrade on May 4, as earlier announced on the ecosystem’s Twitter page.</p><p>However, VeChain is presently changing hands at the price of $0.02, recording decreases on all its charts, including 2.47% on the day, 9.13% across the week, and 11.50% in the last month but growing 28.44% since the year’s turn.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e32f030432e845bd9fd02e6b53e3d048.png" /><p><em>VeChain 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/vechain/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-4">Stacks (STX)</h2><p>Meanwhile, Stacks (<a href="https://finbold.com/cryptocurrency/stacks/" rel="noopener noreferrer nofollow">STX</a>) has been witnessing gains after Binance announced it was <a href="https://www.binance.com/en/support/announcement/binance-will-support-the-stacks-stx-network-upgrade-hard-fork-235fe1016bc0472a9896c72c47f48b2c" rel="noopener noreferrer nofollow">supporting</a> its upcoming Layer 2 upgrade for the <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> network, which is scheduled to take place at the <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> height of 787,651, as the announcement specified.</p><p>Specifically, at the time of publication, it was changing hands at the price of $0.81, up 17.27% in the last 24 hours and 8.75% across the week, as it continues trying to offset the decline of 7.91% accrued in the previous 30 days.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/de4e196711f64d62a0d80a9dd5ef711a.png" /><p><em>Stacks 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/stacks/" rel="noopener noreferrer nofollow">Finbold</a></em></p><h2 id="header-5">Conclusion</h2><p>Although the crypto market can sometimes surprise an unsuspecting onlooker, crypto trading expert Michaël van de Poppe has earlier <a href="https://www.youtube.com/watch?v&#61;aJ_nfe7oIyk" rel="noopener noreferrer nofollow">predicted</a> that altcoins would continue to move up, particularly if Bitcoin manages to break above $30,000 and the rest of the market follows suit.</p><p><em><strong>Disclaimer:</strong> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p><p><strong>Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.</strong></p>

Top 5 altcoins to watch in May 2023

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