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Top 5 Coins to Look Out for in May-June 2022

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Top 5 Coins to Look Out for in May-June 2022 #Top #Coins #MayJune Welcome to TmZ Blog, here is the new story we have for you today:

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May 2020 started hoping that we might just have found the bottom of this prolonged bear market. However soon, disaster struck us. UST, the very popular decentralized Stable coin, unpegged. This moved the entire crypto-economy into a downward spiral.
Investors usually consider stablecoins as safe havens. Considering the bear market, many of them moved to stablecoins to keep their net worth safe. Following the popularity of DAI in previous years, UST gave an alternate option to store their value safely. However, they lost money due to the unpegging. Also, the price of the governance token (Luna) fell to near zero. In the meantime, BTC dumped, and so did the other major coins. So what should we do now? Here there are Top 5 Coins that are very good projects to look at:

What to Invest in Times of Crisis? 
Well, of course, we do not recommend you close your positions (non-Luna and non-UST positions). The only thing you need to do is revisit your portfolio and check if it is ready for the next bull market.

In case, you have Large Cap coins with great potential, buy the dip (Dollar Cost Average). However, in case you have lots of mid-caps or low caps, it’s time to re-evaluate. We are sure, they have dipped a lot. Some of them might not recover again.

But the positive point is, that some fundamentally strong coins have also dipped, and you can easily switch your positions in between these coins with a negligible loss. If you have spare money, you need to wait for some time for the market to settle down.

In short, invest in the best coins once you think it is the bottom (you will never be able to time one, a bit of plus and minus is fine). Select these coins in such a way that they give you the best balance between risk and rewards. Here are our top 5 picks for this month:

1. Ethereum (ETH)
Ethereum is changing. With EIP 1559, Ethereum has already changed its gas-fees structure. This has resulted in fewer gas wars (up to a certain threshold) and thus reduced transaction costs. Ethereum has also introduced a token burn mechanism that is working smoothly. We now need to see an increase in the transaction speed and a further reduction in transaction prices. This will be introduced in Ethereum 2.0. With this upgrade, Ethereum will move from a Proof of Work consensus mechanism to a Proof of Stake consensus mechanism.

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