Best tokens to buy during the May dip

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 10, 2022
  • Elrond (EGLD)’s price has increased by 5% in the last 24 hours, with an increase in its trading volume by 123%
  • Maker (MKR)’s value has increased by 4%, while its trading volume increased by 178%.
  • FTX Token (FTT) has seen an increase in value of 3.35% in the last 24 hours.

Elrond EGLD/USD, Maker MKR/USD, and FTX Token FTT/USD are all solid tokens that have seen recent increases in their value, even despite the broader market dip.

This makes them solid tokens to buy throughout this dip, and we are going to go over each token individually to see why this is the case.

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On May 9, 2022, BitMart joined Elrond as a strategic ecosystem partner and listed EGLD alongside integrating the ESDT token standard.

Antalpha Group, the digital asset financial services firm by Antpool Holding, posted a Signal Request on May 9, 2022, to measure the Maker community’s sentiment in regards to onboarding the Institutional Maker Vault.

FTX, in collaboration with the ​​STEPN team, posted Sneaker #9999 NFT up for auction on NFT.US and the FTX App, where 100% of the proceeds would go to charity through the FTX Foundation.

Should you buy Elrond (EGLD)?

On May 10, 2022, Elrond (EGLD) had a value of $114.97.

The all-time high of Elrond (EGLD) was on November 23, 2021, when the token reached a value of $545.64. This means that at its ATH, the token was $430.67 higher in value or by 374%.

When we go over the performance of the token throughout the previous month, Elrond (EGLD) had its highest point on April 2 at $201.18. Its lowest point was on April 29 at $132.35. This marked a decrease of $68.83 or y 34%.

With this in mind, we can expect EGLD to reach $150 by the end of May, making it a solid buy.

Should you buy Maker (MKR)?

On May 10, 2022, Maker (MKR) had a value of $1,210.28.

When we look at its all-time high, Maker (MKR) had its ATH on May 3, 2021, when it reached a value of $6,292.31. This means that at its ATH, the token was $5,082.03 higher in value or by 419%.

When we look at how the token performed throughout the previous month, Maker (MKR) had its highest point on April 5 at $2,494.25.

Its lowest point was on April 30 at $1,498.93. This marked a decrease of $995.35 or 40%.

With this in mind, at $1,210.28, MKR is a solid buy as it can reach $1,500 by the end of May 2022.

Should you buy FTX Token (FTT)?

On May 10, 2022, FTX Token (FTT) had a value of $34.

Going over the all-time high of the token, FTX Token (FTT) reached its ATH point on September 9, 2021, when it reached a value of $84.18. This means that at its ATH, the token was $50.18 higher in value or by 147%.

Going over the performance the token had in April, FTX Token (FTT) had its highest point of value on April 1 at $51.04, while its lowest point was on April 29 at $38.53. This marked a decrease of $12.51 or 24%.

With this in mind, at $34, FTT is worth buying during the dip, as it can reach $45 by the end of May.

Where to buy right now

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*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.