Top finance tokens to buy this May

By: Milko Trajcevski
Milko Trajcevski
Milko is a Financial Analyst covering the cryptocurrency markets. He started his career trading fiat currencies before immersing himself… read more.
on May 6, 2022
  • NEXO saw an increase in value of 34%, XDC of 26% and KAVA of 43% throughout last month.
  • NEXO celebrated its birthday and completed its buyback program, while XinFin's NFT marketplace launched.
  • Kava also announced a $750 million on-chain developer incentive program.

NEXO NEXO/USD, XDC Network XDC/USD, and Kava KAVA/USD are all solid finance tokens that you can buy on May 6, 2022, which have the potential to increase in value.

NEXO, from the span of April 8 to May 5, as part of their Buyback program, repurchased 6.5 million NEXO tokens. They also announced a birthday giveaway, where they will split $10,000 in NEXO across 20 winners, which drove interest and hype surrounding the project.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

XinFin announced its XDCNFT Marketplace, which has driven interest in the XDC Network (XDC). This is now the official XinFin NFT marketplace, which will likely drive the value of the XDC token forward.

Kava announced Kava Rise, which is a $750 million on-chain developer incentive program that will help onboard the most innovative builders to the Kava Network. This will ultimately lead to a much larger ecosystem, utility, and value of the KAVA token.

Should you buy NEXO (NEXO)?

On May 6, 2022, NEXO (NEXO) had a value of $2.

The all-time high value of NEXO (NEXO) was on May 12, 2021, when the token reached a value of $4.07. This means that at its ATH, the token was $2.07 higher in value or by 103%.

When we go over the performance of the token throughout the previous month, NEXO (NEXO) had its lowest point of value on April 27 at $2.08, while its highest value was on April 30 at $2.79.

Here, we can see that the token increased in value by $0.71 or by 34%. Taking all of this into consideration, at $2, NEXO is a solid buy as it can climb to $2.5 by the end of May.

Should you buy XDC Network (XDC)?

On May 6, 2022, XDC Network (XDC) had a value of $0.06162.

When we look at the token’s all-time high, XDC Network (XDC) had its ATH on August 21, 2021, when the token reached a value of $0.192754. Here we can see that the token was $0.131134 higher in value, or by 212%.

When we take a look at how the token performed throughout the previous month, XDC Network (XDC) had its lowest point of value on April 27 at $0.05315.

The highest point of value was on April 30 at $0.06738. This marked an increase of $0.01423 or 26%.

Looking at these numbers, at $0.06162, XDC is a solid buy as it can reach $0.095 by the end of May 2022.

Should you buy Kava (KAVA)?

On May 6, 2022, Kava (KAVA) had a value of $3.77.

Going over the all-time high of the token, ​​Kava (KAVA) had its ATH on August 30, 2021, when it reached a value of $9.12. Here we can see that at its ATH, the token was $5.35 higher in value, or by 142%.

Going over how the token performed in April, Kava (KAVA) had its lowest point of value on April 13 at $3.89.

The highest point the token achieved last month was on April 29, at $5.58. This marked an increase in value of $1.69, which marked an increase of 43%.

Going over all of this data, at $3.77, KAVA is a solid buy as it can reach $4.20 by the end of May 2022.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, Capital.com
9.3/10
75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.