Cryptocurrency market jumps 3% to cross $3 trillion valuation with Bitcoin (BTC) nearing the $100k mark. Ethereum (ETH) price follows the trend with a 7% hike to $1,944 and strengthens by 4% against BTC. As the biggest altcoin prepares to take off after years of underperformance, investors must pay attention to key Ethereum rivals. These rival altcoins show potential to overshadow the ETH price rally and turn $10k to $100k in May.
Ethereum Rivals To Watch
Ethereum (ETH) at $1,944 is ready for a stronger comeback after a depressing trend over the years. A potential bull run in Ethereum will begin an altseason in the market, resulting in sharp up moves in Ethereum rivals and other small-cap coins. To outperform ETH price rally, rival coins such as Solana (SOL), Sui (SUI), and Cardano (ADA) showcase strong potential. With stellar performance noted over the past year, these competitors seem ready for an exponential rally that could 10x the portfolio.
Solana (SOL)
Solana (SOL) price at $152 has surged 3.66% today and marks a post-retest with a double bottom pattern. Crossing above the 100-day Exponential Moving Average (EMA) at $151, the SOL price triggers a bullish signal.
The MACD and signal lines inch closer to a positive crossover, favoring trend reversal forecasts. Based on the Fibonacci levels, SOL’s uptrend is likely to retest the January 17 peak at $261.
Solana Price Chart
Beyond the technical signals, Solana ETFs awaiting approval in the U.S. could catalyze the next big jump. Increased inflows, institutional acceptance, and adoption could propel this Ethereum rival to $2,000.
Sui (SUI)
One of the fastest-moving cryptos over the past few months, Sui (SUI) price is at $3.71 with a 12% intraday rise. SUI capitalizes on most bullish occasions in the market and shows potential to repeat the price explosion seen in Ethereum and Solana.
SUI Price Chart
Sui TVL at $1.72 billion shows room for growth compared to Ethereum’s $52.801 billion. Network expansion in the next bull market could propel SUI’s price to a new all-time high.
Fibonacci levels bolster the Sui price prediction of the next potential all-time high at $9.73. Considering the Sui ETFs proposals by 21Shares and Canary Capital are approved by the SEC, investors could witness a 1000% rally in this Ethereum rival.
Cardano (ADA)
As altcoins surge, Cardano (ADA) price surges by 7% to reach $0.716. At present, the ADA price jump nears the $0.771 breakout to trigger the next stage of the bullish trend. The MACD and signal lines give positive crossover signaling the return of increased buying pressure. Trend-based Fibonacci levels project immediate targets at the 50% level above the $1 psychological level.
In late 2024, this rival outperformed with a nearly 300% rally while waiting for its ETFs approval. Cardano founder Charles Hoskinson deepens the rivalry with his regular remarks on Ethereum. Despite Ethereum receiving its Pectra update, Charles expects the Ethereum blockchain to die by 2040.
Providing a scalable, efficient, and secure alternative, Cardano could witness a massive rally in May as the altseason kicks off. Hence, the ADA price rally could turn $10k investment to $100k with a parabolic move.
Conclusion
Ethereum rivals are likely to outperform the biggest altcoin due to its frequently delayed entry in the bull market in recent years. Cardano, Solana, and Sui provide better alternatives and are more likely to give a 10x rally compared to Ethereum. Hence, investors looking to turn $10k to $100k can consider opting for these Ethereum rivals in the next bull run.
The post 3 Ethereum Rivals to Buy to Turn $10K to $100K in May appeared first on CoinGape.
