CDS Crypto News May Top Crypto Trades: This Month’s Saviors, According to Kryptanium Capital CIO Daniel Yan
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May Top Crypto Trades: This Month’s Saviors, According to Kryptanium Capital CIO Daniel Yan

Daniel Yan put forward 3 categories for the May top crypto trades.

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May Top Crypto Trades: This Month's Saviors, According to Kryptanium Capital CIO Daniel Yan

Crypto News – Daniel Yan, the Chief Investment Officer of Kryptanium Capital, has a clear idea of what he wants to do with trading techniques in May, despite the volatility that occurred in the cryptocurrency markets in April. He highlights meme currency, Solana, and artificial intelligence (AI) as possible leaders for a resurgence.

May Top Crypto Trades: This Month’s Saviors, According to Kryptanium Capital CIO Daniel Yan

The crypto meltdown of April was caused by a combination of market dynamics and macroeconomic causes. Cryptocurrencies that are susceptible to such macroeconomic factors were impacted by the massive selloff of US Treasury bonds caused by the country’s ongoing inflation and tight labor market.

The medium performer of the top 100 tokens on CoinMarketCap in April saw a decline of 33%, compared with a milder 15.5% dip for Bitcoin and Ethereum,

Yan

May Will Be A Macro Month For Crypto

Crypto market stabilization has been aided by the Federal Open Market Committee’s dovish stance and the launch of the US Treasury Department’s first bond buyback program since 2002. Bitcoin’s over 10% increase in a few days was facilitated by these factors.

May is expected to be a “very macro month for crypto,” according to Yan. He anticipates that the market will remain stable until the Consumer Price Index data in the middle of the month, which will probably have an impact on the direction of the market. Yan is particularly optimistic about domains like Solana, currencies powered by artificial intelligence, and meme coins.

Solana category, AI category and Memes category are my top picks for the catchup trade – they should outperform Bitcoin in May. In general, I don’t think the theses for a very bullish 2024 is challenged at all. However, the April crash is a great lesson to all market players,

Yan
May Top Crypto Trades: This Month's Saviors, According to Kryptanium Capital CIO Daniel Yan
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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