May 2021 was one of the most turbulent months for the cryptocurrency market. Bitcoin suffered one of the most significant corrections in its history, and with it came the correction in altcoins. Although, unlike Bitcoin, Ethereum came out much better positioned; in the first days of June, we have been able to observe a slight recovery in the market cap of the crypto ecosystem; however, it is early to speculate if we are just around the corner from a bullish market; next, we will make a summary of the main indicators of Bitcoin, Ethereum, and Dash for May 2021: prices and market capitalization.

Bitcoin price May 2021

May 1 US $ 55,123
May 31 US $ 36,124

Bitcoin price May 2021. Source: coinmarketcap.com

Bitcoin market capitalization May 2021

May 1 US $ 1,087,111,978,950
May 31 US $ 687,980,493,378

Bitcoin market capitalization May 2021. Source: coinmarketcap.com

Bitcoin analysis May 2021

During May, there was a total decrease in the price and market capitalization of Bitcoin by -34.47%; three outstanding stages can be seen during the month, the first stage occurred in the first days (from May 1 to 12 ) where the value remained “stable” with slight fluctuations within the foreseeable range. A second stage came where a clear decrease can be seen, which occurred from May 13 to 20, while from May 21 May until the end of the month (third stage), a slight tendency to stabilization can be appreciated. It is important to note that the outlook for Bitcoin (-34.47%) in May was slightly more favorable than Dash (-39.19%); however, when compared to Ethereum (-7.65%), the outlook was less favorable.

Ethereum price May 2021

May 1 US $ 2,851
May 31 US $ 2,633

Ethereum price May 2021. Source: coinmarketcap.com

Ethereum market capitalization May 2021

May 1 US $ 329,909,175,037
May 31 US $ 305,715,996,114

Ethereum market capitalization May 2021. Source: coinmarketcap.com

Ethereum analysis May 2021

During May, there was a total decrease in the price and market capitalization of Ethereum by -7.65%. We can see three outstanding stages during the month. The first stage occurred in the first days (from May 1 to 12), which was of constant growth until reaching its maximum point on the 12th; a second stage came where a clear decrease can be seen, which occurred from May 13 to 24, while from May 25 until the end of the month (third stage) a slight tendency to recovery can be seen but with marked fluctuations or oscillations. It is important to note that the outlook for Ethereum (-7.65%) in May was the most favorable, especially if we compare it with Bitcoin (-34.47%) and Dash (-39.19%)

Dash price May 2021

May 1 US $ 319
May 31 US $ 194

Dash price May 2021. Source: coinmarketcap.com

Dash market capitalization May 2021

May 1 US $ 329,909,175,037
May 31 US $ 305,715,996,114

Dash market capitalization May 2021. Source: coinmarketcap.com

Dash Analysis May 2021

During May, there was a decrease in the price and market capitalization of Dash by -39.19%. There were four stages during the month, the first stage occurred in the first days (from May 1 to 7), in the second stage, you can see a slight decrease, which occurred from May 8 to 20; later there was a third stage, where the decline increased (from May 20 to 24), to finally go through the fourth stage of stabilization, from May 25 to the end of the month. The outlook for Dash (-39.19%) in May was the least favorable, especially if we compare it with Bitcoin (-34.47%) and Ethereum (-7.65%).

What do you think about this data? What is your preferred cryptocurrency?

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