Cryptocurrency experts name the most popular tokens in May

! Not financial advice — ed.

Despite the threat of another financial market crisis and the price of most digital assets falling, crypto-coins have managed to take bullish positions on several altcoins. SingularityNET (AGIX), Polygon (MATIC), and Render (RNDR) have recently raised significant funds from large investors. Industry experts suggest that the actions of cryptocurrencies can become a catalyst for a large-scale growth of these tokens.

SingularityNET (AGIX) first came to the attention of investors during the January boom in artificial intelligence tokens. While most of the AI coins that showed impressive growth in early 2023 have disappeared from the field of view of crypto enthusiasts, AGIX has only strengthened its position in the market.

Between May 11 and May 25, whales with balances ranging from 1 million to 10 million tokens were actively accumulating coins. The chart shows that during this period, they bought another 7 million AGIX worth about $ 1.82 million.

At the time of writing, AGIX is trading for $ 0.3 with a market capitalization of $ 605.5 million. The daily trading volume reached $ 136.5 million.

Polygon’s second-level native blockchain token MATIC is going through a rough patch, with its price dropping by 17% in the first 12 days of May. However, after hitting a recent local low of $ 0.83 on May 11, MATIC managed to recover from the drop, largely thanks to whales with balances ranging from 1 million to 100 million tokens. It was the large cryptocurrency holders who purchased 11.4 million coins between May 16 and 25.

If this trend continues, Polygon holders can expect the current rise to develop into a prolonged bull rally. MATIC is currently trading at $ 0.8 with a market capitalization of $ 8.8 billion. Traders made daily trading deals worth $ 323.6 million.

Like SingularityNET, Render (RNDR) cryptocurrency first attracted investors' attention during the AI coin boom. Market experts note that between May 17 and May 25, addresses holding 100,000 to 1 million tokens added 5.9 million RNDR to their wallets.

The actions of the major players in the crypto industry contributed to the coin reaching a new annual high of $ 2.67, which means that RNDR has shown an impressive 575% growth since the beginning of the year. If crypto investors continue to buy the asset, it is likely to continue its rally in June.

According to CoinMarketCap, on May 31, Render (RNDR) was trading at an average price of $ 2.54. The token’s market capitalization is $ 1.36 billion. Bidders secured daily transactions worth $ 161.3 million.