A prominent crypto expert on Twitter revealed that he is buying only three cryptocurrencies in May: Render (RNDR), Shiba Inu (SHIB), and Retik Finance (RETIK). This declaration has sparked a recent development in the cryptocurrency market, inciting discussion among crypto enthusiasts. He highlights recent developments, bullish analysis, and potential for massive gains. Let’s dive deeper to discover the reason behind his choices.
Render (RNDR)
Render (RNDR) has recently seen a meteoric rise in its price, surging by a remarkable 40% within just a week, as reported by Coingecko. Although it has lost most of its gains, Render has caught the attention of this crypto expert. He believes Render has high potential and accentuates his outlook through key revelations discovered using Lookonchain’s on-chain analytics. The analysis reveals several prominent whales have been actively trading and accumulating RNDR tokens, signalling a bullish sentiment surrounding the native token. The recent surge in RNDR price is also attributed to the groundbreaking news shared by the Render network regarding OpenAI’s launch of its GPT-40 model, which has garnered widespread attention for its remarkable capabilities, including detecting human emotions in voice interactions. Such advancements in AI technology have propelled optimism around RNDR and its potential applications within the AI sector. The Twitter expert believes that $10.66 and $13.16 are key resistance levels for RNDR to watch. Breaking these barriers could pave the way for RNDR to reach new all-time highs, especially amidst ongoing advancements in AI technology and the anticipation surrounding Nvidia’s earnings report. With Render on a bullish path, he believes RNDR has the potential to ascend the crypto ranks, reaching the top 10 crypto assets.
Shiba Inu (SHIB)
This Twitter expert’s endorsement of Shiba Inu comes as the token has made notable strides in the market. These bullish strides make Shiba Inu a worthy buy in May. Over the past 24 hours, SHIB has witnessed two massive transfers totaling approximately 3.5 trillion SHIB. While these transfers raised eyebrows due to their magnitude, they were interpreted as internal reshuffling rather than sell-offs, signalling positive sentiment within the SHIB community. Also, the number and volume of large transactions involving SHIB have significantly increased, indicating heightened activity among major holders. One factor contributing to SHIB’s recent momentum is the successful migration of ShibaSwap, a decentralized exchange (DEX) linked to the SHIB ecosystem, to the Shibarium blockchain. This transition has introduced a range of new functionalities to ShibaSwap, including a redesigned dashboard, improved user experience, and enhanced token discovery features. Binance Pay, a crypto payment service offered by the leading exchange Binance, has introduced a dedicated page for SHIB payments, another significant development. The absence of gas fees and exclusive deals offered through the Binance Marketplace further enhance the appeal of using SHIB for payments. Furthermore, Shiba Inu’s thriving token burn scheme has spread optimism across the crypto space, bolstering SHIB’s potential for a significant uptick. With SHIB currently trading on the upside, this expert investment choice is wise.
Retik Finance (RETIK)
Last on his list is Retik Finance (RETIK), a promising DeFi altcoin. With the long-awaited token listing taking place on May 21, this crypto analyst intends to invest in RETIK, which he believes is one of the best opportunities in 2024. According to him, Retik Finance’s rise has been meteoric and commendable. The public presale, which took place in ten stages, saw rapid sell-off, making it one of the most successful presales in 2024, mirroring the success of past top cryptos. This was quickly complemented by a staggering increase in RETIK value by over 400%, which raised his optimism about Retik Finance. Furthermore, he references Retik Finance (RETIK) vision as a unique one that has the potential to redefine cryptocurrency accessibility and the world of decentralized finance as a whole. With a vision to transform decentralized finance by bridging the gap between fiat and crypto, Retik Finance positions itself as a leader. Also, the launch of its virtual DeFi debit cards, one of its offerings among several innovative solutions, has strengthened his belief in Retik Finance potential to become a top DeFi cryptocurrency, leading the DeFi realm to widespread adoption. This will also impact RETIK value, leading to long-term gains. RETIK is set to launch on various exchanges and Uniswap, opening trading activities for investors. With the token listing on May 21 by 12 PM UTC marking a significant milestone toward its price rally, this investor eagerly awaits the listing date to join in trading.
Conclusion
A crypto expert on Twitter has revealed that Render (RNDR), Shiba Inu (SHIB), and Retik Finance (RETIK) are the only crypto he is investing in in May. Render’s technological advancements could propel it to the top ten crypto list and to a new ATH, while Shiba Inu Shibarium’s growth and surging burn rate could propel it to further gains. The crypto expert expects quicker returns from Retik Finance (RETIK) whose token listing is set for May 21. Recounting its bullish trajectory since its launch, he has high expectations following its token launch on major exchanges.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Twitter: www.twitter.com/retikfinance
Telegram: www.t.me/retikfinance
