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The best tokens to buy during the May 12 market drop

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

  • TRON DAO puts in 2 billion US dollars TRX to protect

  • FTX burns $7.6 million worth of FTT.

    our recommendation The best tokens to buy during the May 12 market drop, Crypto Trading News

Justin Sun, the founder of Tron (TRX), announced on May 11th that the TRON DAO committed $2 billion to recover TRX after the crash of the cryptocurrency Protect Terra (LUNA).

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

FTX burned a total of $7.6 million worth of FTT on May 11, 2022.

Should You Buy TRON (TRX)?

On May 12, 2022, TRON (TRX) was valued at $0.06894.

The best tokens to buy during the May 12 market drop, Crypto Trading News

That all-time high TRON (TRX) was on Jan 5, 2018 when it reached $0.231673. At its ATH, the token was valued at $0.162733, or 236% higher.

TRON (TRX) had its highest level in the last month on April 2nd at $0.07631.

Its low was on April 12 at $0.05813. Here we see that the token is down $0.01818, or 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) was valued at $1,883.04.

The best tokens to buy during the May 12 market drop, Crypto Trading News

If we consider its all-time high, Ethereum (ETH) had its ATH on November 10, 2021 when it reached a level of $4,878.26. At its ATH, ETH was valued at $2,995.22, or up 159%.

Ethereum (ETH) peaked last month at $3,550.74 on April 4th. Its low was on April 29 at $2,785.59. That represented a drop 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) was valued at $28.83.

The best tokens to buy during the May 12 market drop, Crypto Trading News

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

FTX Token (FTT) peaked last month on April 1st at $51.04.

However, its bottom was on April 29 at $38.53. Here we see that the token has lost $12.51, or 24%.

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

The post The Best Tokens to Buy During the May 12 Market Drop first appeared on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Source: Crypto News Deutsch

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