Top 5 cryptocurrencies are a must for you to buy and hold in May 2022.

Shiba Inu

Shiba Inu, a meme-based cryptocurrency, has surpassed its long-standing rival dogecoin with an 800 percent price increase in the last month. Although industry analysts are unsure about its swings since SHIB was created in 2020, its currency performance has outpaced several leading cryptocurrencies in the market.

Dogecoin

Dogecoin was the first meme cryptocurrency, and it all started with a joke that went viral on the internet. Dogecoin showed potential in 2020 when it was accepted as a payment option among sports teams and entered AMC cinemas, after maintaining a position of safety for some since its inception in 2013. Furthermore, well-known figures like as Elon Musk and Mark Cuban prefer Dogecoin to other cryptocurrencies. A one tweet from them might have a huge impact.Ethereum

Another most valuable cryptocurrency in the world, the Ether token is based upon the Ethereum blockchain and has become a cornerstone of the cryptocurrency world. Simply put, if today Bitcoin is gold, then Ether is silver. Ethereum introduced innovations to blockchain security and usage, with its ‘smart contracts’ becoming a platform for other applications.

Cardano

Cardano is a platform that is capable of running financial applications currently used every day by individuals, organizations, and governments from across the globe. Besides, the eco-friendly and transparent nature of Cardano makes it the perfect alternative for bitcoin. Cardano has also proved its potential as one of the best cryptocurrencies for Indian investors to buy in 2022.

Terra Luna

Terra is a blockchain technology that powers price-stable global payment networks with fiat-pegged stablecoins. Terra, according to its white paper, combines the price stability and widespread acceptance of fiat currencies with the censorship-resistance of Bitcoin (BTC) and provides quick and economical transactions.