Bitcoin
BTC$64 269.87

-0.62%

Ethereum
ETH$3 393.79

-1.07%

Tether
USDT$1.000042

-0.04%

Binance Coin
BNB$569.04

-0.67%

Solana
SOL$155.96

-2.53%

XRP
XRP$0.635451

10.18%

Best performing cryptocurrencies in May 2022


May 2022

Amidst the plummeting market, some cryptocurrencies managed to break out, generating impressive returns for investors despite the negative market sentiment. Keep reading to discover the best-performing crypto assets in May. Below, you will find a list of the best performing cryptocurrencies in May.

Best performing cryptocurrencies in May 2022

Cryptocurrency

Performance (MTD)

Performance (YTD)

Market Capitalisation

Wirex Token (WXT)

44.14%

29.22%

$118,962,795

Tron (TRX)

23.39%

-8.128%

$8,027,337,150

NEST Protocol (NEST)

16.720%

116.182%

$99,473,070

Sapphire (SAPP) 13.832%

226.665%

$413,171,668

Ellipsis (EPS) 8.659%

-84.169%

$146,500,083

BinaryX (BNX) 4.98%

2,219.80%

$238,127,162

Chain (XCN) 3.317%

52.710%

$1,773,804,707

Wemix (WEMIX) 91.84%

466.136%

$550,565,933

Best performing crypto this month

1. Wirex Token (WXT)

Wirex Token is a multi-blockchain token that runs on both the Stellar Network and blockchain. The token was launched by crypto company Wirex to reward its customers and integrate its platform into the DeFi ecosystem. WXT holders can get up to 12% APR via the Savings Bonus feature on Wirex. While customers can get up to 4% of their transactions back in WXT whenever they use their Wirex debit card online. 

Wirex Token entered the month with a bullish momentum, continuing its steady growth from April until its price experienced a slight decline in the week of the UST-LUNA crash before recovering again.

WXT is the 195th largest cryptocurrency by market capitalisation.

2. Tron (TRX)

TRX is the native token of the proof of stake blockchain, Tron. The surge in the price of TRX can be attributed to the launch of an algorithmic stablecoin, Decentralised USD (USDD), by Tron founder, Justin Sun, and the Tron DAO. Following news of its launch, investors accumulated TRX tokens to enable them to test out the stablecoin and its eye-catching 30% interest rate. 

TRX jumped to its highest level on May 5, since December 2021, before moving further to about 0.09087 on May 9, which was its highest price in the month.

TRX is currently the 14th largest cryptocurrency by market capitalisation.

3. NEST Protocol (NEST)

NEST Protocol is a decentralised price oracle for DeFi platforms on Ethereum, Polygon, and Binance Chain. The price of NEST ended in the green zone with a bull run in the last half of the month to cover up earlier losses. 

NEST's price increase comes following several strategic referral programs and giveaways on its Twitter platform. Additionally, NEST Protocol was nominated in the Kucoin Top 5 Unicorn Projects.

NEST currently ranks 277th among top cryptocurrencies by market capitalisation.

4. Sapphire (SAPP)

Sapphire Coin, "a coin from doers for doers" as it's called by the Sapphire team, aims to only reward trustworthy partners who contribute to the project with the token. Sapphire aims to establish the use of Sapphire Coins in the real economy by maintaining stability, money supply control, and real value creation.

The price of Sapphire was moving upward steadily from May 11th, clearing off losses caused by the effect of the UST-LUNA crash on the entire crypto market. On May 16th, it reached an all-time high of 0.8072.

Sapphire Coin currently occupies the 220th spot among top cryptocurrencies by market capitalisation.

5. Ellipsis (EPS)

Ellipsis finance is an authorised fork of the popular Curve Finance, providing features of Curve's StableSwap to users on the Binance Chain. Ellipsis was on a bearish trend in the first half of the month alongside the general crypto market. Its price started showing bullish signs on May 16th, as it went on to achieve a 60% increase in the last lap of the month.  

The price surge may be attributed to increasing awareness of Ellipsis 2.0, which will bring other dimensions of Curve - reward gauge voting, reward weight voting, reward boost - to Ellipsis. Users should take note of Ellipsis' migration to a new token, EPX. According to information on their Medium account, each user will receive 88 EPX tokens for each EPS token they migrate.

Ellipsis finance (EPS) currently ranks 167th among the top cryptocurrencies by market capitalisation.

6. BinaryX (BNX)

Binary X, initially a decentralised derivative trading protocol, is the project behind the CyberDragon play-to-earn (P2E) game on BNB Smart Chain. Binary X brings its experience in DeFi to the Metaverse by combining DeFi elements into a classic MMORPG on CyberDragon. All characters and items in the game exist as an NFT, meaning players can earn real money for playing the game. 

BNX made a sharp upshoot on May 14th, which saw its price trading around $143 before moving back down. Reasons for the price increase may be BNX being listed on Bitpanda, live stream sessions with the BNB Chain, and the launch of its backed Cyber Arena game.

As of the time of writing, BNX sits at number 230 among top cryptocurrencies by market capitalisation.

7. Chain (XCN)

Chain is a private blockchain-based cloud infrastructure for building financial services. The company currently runs two services - Chain Core, an open-source permissioned blockchain and Sequence, its ledger-as-a-service platform that allows organisations to tokenise their financial assets. The XCN token serves utility and governance purposes by helping clients receive discounts, pay for commercial fees, access premium features, and participate in community protocol governance.

The crypto market dump affected the price of XCN all through the month, but it managed to pull in a little price increase. The increase can be attributed to Chain sponsoring CoinDesk's Consensus 2022 and XCN going live on BNB Smart Chain.

XCN ranks 206th among top cryptocurrencies by market capitalisation.

8. Wemix (WEMIX)

Wemix is a blockchain platform that employs a mixture of both private and public blockchains to scale blockchain-based games and DApps. The platform lowers the barrier of entry for traditional gamers by providing a middleware that handles blockchain functions of games. Wemix also provides crowdfunding solutions to reduce costs for new users. After crashing from April into the first half of May, WEMIX sprung up recording over a 120% increase within the last two weeks of the month. 

The price surge in WEMIX can be attributed to the announcement of its platform being approved by the Vietnamese Ministry of Home Affairs, Wemix CEO, Henry Chang buying back WEMIX tokens with his salary, and the announcement of the launch of WEMIX Stablecoin, WemixDollar, on June 15, 2022.

WEMIX ranks at 216th by market capitalisation.

*Market capitalisation and price percentage as of May. 31th, 2022.

FAQ

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78% 41 $64 269.87 -0.62% 11.37% $1 267 857 116 778 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.4% 47 $3 393.79 -1.07% 9.47% $408 005 838 518 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000042 -0.04% 0.02% $113 229 258 064 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.8% 42 $569.04 -0.67% 8.71% $83 979 705 168 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 78% 34 $155.96 -2.53% 10.18% $72 390 604 669 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 76.8% 40 $0.635451 10.18% 44.97% $35 527 732 785 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $0.999961 -0.02% 0.01% $33 783 453 421 USDC 7 days price change
8 Toncoin (TON) TON Toncoin predictions 87.2% 14 $7.13 -2.10% -1.71% $17 898 355 821 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 53 $0.121897 -1.78% 13.21% $17 694 301 224 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 81.2% 37 $0.439424 0.62% 14.07% $15 770 897 145 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 79.2% 42 $0.133871 -0.13% 1.94% $11 660 708 604 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 34 $0.000019 -3.07% 13.98% $10 993 910 614 SHIB 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 76% 38 $27.36 -2.26% 6.28% $10 798 599 488 AVAX 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 90.8% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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