Cryptocurrency experts name the most popular cryptocurrencies in May

Cryptocurrency analysts have identified the top 3 tokens that became the most popular this week, according to CoinMarketCap. The list includes: Pere, Sui, and Shanghai Inu.

Rere (RERE) is a memcryptocurrency that has managed to grow by 39,000% in just a few weeks. The token has attracted the attention of users due to numerous success stories about the transformation of its first investors into multimillionaires.

Many experts are skeptical about PEPE, not ruling out the possibility of blocking, theft, and large-scale dumping of the digital asset by its creators. Any fraudulent actions can significantly affect the wallets of investors who continue to invest in a new, but rapidly growing digital asset.

The second place was taken by Sui (SUI), a cryptocurrency of the same name based on the Proof-of-Stake (PoS) algorithm for running high-performance decentralized programs. The developers position their project as a network with high bandwidth, fast, cheap transactions, and a user-friendly interface.

At the end of last month, the developers, together with crypto exchanges, organized a public sale of the SUI token. Each participating exchange offered 225 million tokens to participants, who were selected based on their activity in the network’s test projects and compliance with the qualification criteria. Each participant was entitled to receive up to 10,000 SUI tokens at a price of $ 0.1 per token.

Shanghai Inu (SHANG) is a cryptocurrency that grew by 2825% in just a week, 9959% in 14 days, and 452% in a month. Launched in mid-April, around the same time as Pepe, Shanghai Inu was not popular for the first few weeks. However, the situation has now changed.

According to CoinGecko, $ 5.6 million in trades were made with SHANG over the past day. About 86% of the total trading volume of $SHANG was conducted on the Singaporean exchange CoinTiger, which indicates the popularity of the token among Asian investors.