3 Promising Altcoins in the First Week of May 2025
Jakarta, Pintu News – The cryptocurrency market is always full of interesting dynamics. In the first week of May 2025, there are three altcoins that investors and market watchers should pay attention to. These three coins show significant potential due to various updates and ongoing trends.
1. Ethereum (ETH): Ahead of Pectra Update
Ethereum is gearing up for the highly anticipated Pectra update, which is scheduled to launch on May 7 on the mainnet. This update is expected to improve the scalability, validator mechanism, and smart contract architecture of Ethereum (ETH).
While this update has bullish potential, there are risks that could affect the price of Ethereum (ETH). Some major exchanges are expected to temporarily suspend Ethereum (ETH) deposits and withdrawals during the launch, which could trigger short-term volatility or temporary selling pressure.
Currently, Ethereum (ETH) is trading at $1,808, with bullish momentum continuing to build. This is reflected by the Chaikin Money Flow (CMF) which is currently at 0.13 and in an uptrend. If this trend continues, the price of Ethereum (ETH) could surge up to $2,072. However, if demand decreases, the price could drop to $1,744.
Also Read: BONK Freefalls 8% in 24 Hours: Check out the Price Levels that Can Prevent Further Declines!
2. Virtuals Protocol (VIRTUAL): Consistent Uptrend
Virtuals Protocol has surged 37% in the past week, making it the best performing asset in the market during the period. Currently, Virtuals Protocol (VIRTUAL) is trading within an ascending parallel channel, which confirms an increase in buying pressure.
This bullish pattern forms when the price of an asset moves between two parallel, upward sloping trend lines, one acting as support and the other as resistance. This pattern shows a continuous uptrend with consistent price swings between the parallel lines.
If Virtuals Protocol (VIRTUAL) stays within this channel, its price could rise beyond $2 and trade at $2.15. However, if demand diminishes and Virtuals Protocol (VIRTUAL) breaks below the support line of the ascending parallel channel, the price could fall to $0.96.
3. Solayer (LAYER): Strong Trend Strength
Solayer (LAYER) has increased 14% over the past week, with the current trading price at $3.02. Analysis of the Solayer (LAYER)/USD one-day chart shows the Aroon Line Up at 100%, signaling that the current uptrend is very strong, supported by significant demand for this altcoin.
The Aroon indicator measures the strength and direction of a trend by tracking the time since the highest and lowest prices over a given period. With Solayer (LAYER), when the Aroon Up Line is at 100, the asset has recently reached a new high price. This indicates that buying pressure is high, and the price may continue to rise. If this happens, Solayer (LAYER) could revisit its all-time high price and surpass it. Conversely, if selling starts, the token price could drop to $2.46.
Conclusion
The first week of May 2025 promises some significant price movements in the cryptocurrency market. With upcoming updates and ongoing trends, Ethereum (ETH), Virtuals Protocol (VIRTUAL), and Solayer (LAYER) are three altcoins to watch. Investors and market watchers should consider the potential and risks associated with each of these assets when planning their investment strategies.
Also Read: Ethereum Hangs Above $1,770: Can It Reach $2,030 Next?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.