The post Top Altcoins That May Reach $1 in May—Can Cardano Make it to the List? appeared first on Coinpedia Fintech News
Bitcoin price surged and has begun to accumulate, whereas Ethereum is displaying more strength comparatively. Many altcoins have begun to surge in such a scenario, including Pi Network, dogwifhat, and Pepe, which have attracted massive gains. Among them are some who may soon reach the $1 resistance, and a monthly close above this range could trigger a strong AltSeason.
Stacks (STX) is trading just below $1, while Optimism (OP), Artificial Superintelligence Alliance (FET), EOS (EOS), Core (CORE) and Cardano (ADA) are trading between $0.8 and $0.9. While Optimism is leading the race with over 40% weekly gains, the FET price has also surged by more than 22%. Although the Cardano (ADA) price has also attracted nearly 20% gains in the past seven days, the token may continue to struggle to reach $1. Here’s why!
The above chart shows the race between these five tokens to reach $1 at the earliest. Among them, the EOS price faced rejection just below $1 during the latest breakout, while the other tokens were restricted below $0.9. However, all the tokens seem to have been gearing up and consolidating within a bull flag, and hence a breakout from this range is expected to push the price above $1. However, the EOS price is facing a decent pullback from the local highs while the selling pressure continues to remain accumulated.
The global crypto market cap is rising, which suggests the cryptos are maintaining a healthy ascending trend. The growing optimism around the markets is expected to have a positive impact on these tokens. Hence, the Cardano (ADA) price is expected to reach $1 in May 2025 along with EOS, FET, OP and CORE.
