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Best tokens you can buy during the market dip on May 12


  • Brazil’s Nubank will allow customers to buy Ethereum (ETH).

  • TRON DAO Deploys $2 billion to protect TRX

  • FTX burns $7.6 million worth of FTT.

Justin Sun, the founder of Tron (TRX), made an announcement on May 11 that the TRON DAO deployed $2 billion as a means of protecting TRX following the crash of the Terra (LUNA) cryptocurrency.

On May 11, 2022, the Brazilian fintech and banking app, Nubank, started offering capabilities powered by Paxos. Specifically, it allowed cryptocurrencies such as Ethereum to be bought on the platform.

FTX burned a total of 7.6 million USD worth of FTT on May 11, 2022, as well.

Should you buy TRON (TRX)?

On May 12, 2022, TRON (TRX) had a value of $0.06894.

The all-time high of TRON (TRX) was on January 5, 2018, when it reached $0.231673. At its ATH, the token was $0.162733 higher in value or by 236%.

TRON (TRX) had its highest point last month on April 2 at $0.07631. 

Its lowest point was on April 12 at $0.05813. Here we can see that the token decreased in value by $0.01818 or by 23%.

With this in mind, TRX can climb to $0.1 by the end of May.

Should you buy Ethereum (ETH)?

On May 12, 2022, Ethereum (ETH) had a value of $1,883.04.

When we look at its all-time high, Ethereum (ETH) had its ATH on November 10, 2021, when it reached a value of $4,878.26. At its ATH, ETH was $2,995.22 higher in value, or by 159%.

Ethereum (ETH) had its highest point of value last month on April 4 at $3,550.74. Its lowest point was on April 29 at $2,785.59. This marked a decrease of $765.15 or 21%.

With this in mind, ETH can reach $2,000 by the end of May 2022.

Should you buy FTX Token (FTT)?

On May 12, 2022, FTX Token (FTT) had a value of $28.83.

Going over the all-time high, FTX Token (FTT) had its ATH on September 9, 2021, at $84.18. Here we can see that the token was $55.35 higher in value or by 192%.

FTX Token (FTT) had its highest point of value last month, on April 1, at $51.04.

However, its lowest point was on April 29 at $38.53. Here we can see that the token decreased in value by $12.51 or by 24%.

With this in mind, we can expect FTT to reach $32 by the end of May.

The post Best tokens you can buy during the market dip on May 12 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.




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