Cryptocurrencies continue to function as some of the most attractive investments for many, even though they are not necessarily low risk bets.
The world of cryptocurrencies is constantly growing, and moving. A couple of years ago, nobody was betting a dollar on Bitcoin, much less on the other cryptocurrencies that emerged shortly after. Today there are more than 5,400 of these cryptocurrencies, one for all tastes.
But, most of them are small projects, at least compared to the Big Fish of this financial asset. Therefore, in this ranking we will only observe the first 10 largest cryptocurrencies by market capitalization.
Bitcoin (BTC): Let's start with the shark in the pond. The first cryptocurrency in the world is the leader by market capitalization with US $ 176 billion (176 Billions) for a long way, since the second cryptocurrency, Ethereum (ETH) has US $ 26 billion, which means it follows it by far with a difference of almost 7 times. But, even so, it does not occupy our position number 1 in the Crypto Ranking of the month of May, when it had a performance of only + 9.2% in its price.
Ethereum (ETH): The second cryptocurrency in the world, on the other hand, had a performance of + 12.7% from May 1 to last 31.
Ripple (XRP): The third largest is XRP, known for being the preferred one of the traditional payment system, since its technology that unites the Blockchain with cryptocurrencies, has been able to overcome transfer systems in speed and costs. traditional interbank banks such as SWIFT. What with SWIFT can cost hundreds of dollars, and take several days to make a transfer from one bank to another bank in two different countries. With Ripple, it can be done in seconds and at a cost of pennies. That said, Ripple had a -5.6% return on its price, this being the first cryptocurrency in our Crypto Ranking that declined in value in May.
Bitcoin Cash (BCH): This cryptocurrency should not be confused with Bitcoin, because although they come from the same Blockchain, by performing a hard fork (separation) the two have differentiated themselves with new features, such as speed and lower costs transaction in BCH. This first-born Bitcoin, BCH, had a yield in the month of May of -2.7%, thickening the list of cryptocurrencies that had negative returns.
Bitcoin SV (BSV): Again, this cryptocurrency is born from the separation (Hard Fork) of Bitcoin Cash (BCH), and they should not be confused, although the three, BTC, BCH and BSV have a lot in common. This cryptocurrency had a performance in May of -8%.
Litecoin (LTC): This Big Fish of the crypto ecosystem continues in red numbers as well as the last ones in the list, with a -2% yield in the month of May. Litecoin tries to be the silver to gold that Bitcoin represents, it remains to be seen whether they succeed or not.
Binance Coin (BNB): The cryptocurrency of the world's largest and most famous cryptocurrency exchange, Binance, was also spared from having a red-painted performance, albeit narrowly. Well, its yield was -0.2%, dropping just a few pennies during the month.
EOS: The decentralized smart contract network, which tries to follow the same technological steps as the second largest cryptocurrency (ETH). But despite following in his footsteps in technology, he could not keep up with prices, as he had a negative return of -5.5%.
Cardano (ADA): Ethereum co-founder Charles Hoskinson did not want to be second and founded his own cryptocurrency, which is recognized as one of the most advanced in technology and security in the cryptocurrency world. This important crypto, had a return of + 58.5%, so it now becomes the clear winner of our Crypto Ranking for the month of May 2020. But, one is still missing. Will the next be able to compete with ADA?
Tezos (XTZ): Finally we have Tezos, which had a performance of + 3.2%, very far from Cardano, but still in green numbers in a month of May so complicated for the human race in general.
