$ETH 3 Ethereum Competitors to Buy to Drive Price to $10K-$100K in May

The cryptocurrency market has jumped 3% to break the $3 trillion valuation mark, with Bitcoin (BTC) closing in on $100K. Ethereum (ETH) price is following the trend, up 7% to $1,944 and up 4% against BTC. As the largest altcoin prepares to take off after years of underperformance, investors should pay attention to Ethereum’s key competitors. These competing altcoins are showing potential to eclipse ETH’s price rally and drive the price to $10K-$100K in May.

Ethereum (ETH) at $1,944 is poised for a stronger comeback after a dismal run for years. Ethereum’s potential bull run will kick off the altcoin season in the market, leading to sharp moves higher in Ethereum’s competitors and other small-cap coins. To outperform ETH’s price rally, competitors like Solana (SOL), Sui (SUI), and Cardano (ADA) are showing strong potential. Given the stellar performance seen over the past year, these competitors seem poised for an exponential rally that could grow a portfolio by 10x.

Solana (SOL)

Solana (SOL) price at $152 is up 3.66% today and is marking a post-retest with a double bottom pattern. Crossing the 100-day exponential moving average (EMA) at $151, SOL price is triggering a bullish signal.

MACD and signal lines are approaching a positive crossover, which favors trend reversal forecasts. Based on Fibonacci levels, the SOL uptrend is likely to retest the January 17 peak at $261.

Aside from technical signals, the Solana ETF awaiting approval in the US could catalyze the next big move. Increased inflows, institutional adoption, and acceptance could push this Ethereum competitor to $2,000.

Sui (SUI)

One of the fastest-growing cryptocurrencies in the past few months, Sui (SUI) is trading at $3.71 with an intraday gain of 12%. SUI has benefited from most of the bull cases in the market and shows potential to replicate the price explosion seen in Ethereum and Solana.