5 Explosive Crypto Challengers Ready to Dethrone Ethereum!

Updated

April 29, 2025

Gambar 5 Explosive Crypto Challengers Ready to Dethrone Ethereum!

Jakarta, Pintu News – The Ethereum price has underperformed in recent months, prompting criticism from major figures in the crypto world, including Cardano founder Charles Hoskinson.

With no significant gains, traders are now actively looking for the best Ethereum alternatives to watch as the market begins to show signs of bullishness.

To put things into perspective, Ethereum is currently trading at around the same price it was one year ago, while Bitcoin has surged by 68%. A crypto trader named Naiive also criticized ETH, stating that a $10,000 investment made 8 years ago is now only worth $8,000.

Amidst this bearish pressure and declining investor confidence, let’s take a look at the 5 best Ethereum competitors that are getting a lot of attention right now.

5 Crypto Competitors of Ethereum that Stand Out

Some of the best Ethereum competitors worth looking at right now for May include Ripple , Solana (SOL), Cardano , Dogecoin , and Sui (SUI).

These altcoins not only outperform Ethereum, but also have strong fundamentals and a positive technical outlook, opening up opportunities for upside.

Ripple (XRP)

XRP is one of Ethereum’s main competitors worth looking at right now, supported by positive drivers such as enthusiasm regarding the approval of the XRP ETF.

As of April 28, 2025, XRP’s fully diluted market capitalization stood at $232 billion, higher than Ethereum’s $219 billion.

In addition, the XRP/ETH ratio is at a five-year high after the formation of a “golden cross” pattern, indicating that XRP has provided better investment returns than ETH.

Solana (SOL)

One of the main reasons that makes Solana the best Ethereum competitor to buy is its network growth.

Data from DeFiLlama shows that the total value locked (TVL) in Solana’s DeFi ecosystem has almost reached the $10 billion milestone, while the market capitalization of stablecoins on the network is at an all-time high.

In addition, SOL also has a number of bullish catalysts that could drive price recovery in the coming months, including the possible approval of ETF products.

Dogecoin (DOGE)

The increase in Dogecoin’s open interest shows that there is great interest in this altcoin, making it one of the best Ethereum competitors to look at right now.

Data from Coinglass shows that Dogecoin’s open interest has slowly increased over the past three weeks, reaching $1.9 billion on April 28.

Additionally, 71% of traders with open positions on Binance went long on Dogecoin, indicating a bullish market sentiment that the meme coin has the potential to register a significant price increase.

Cardano (ADA)

Cardano founder Charles Hoskinson is showing a bearish view towards Ethereum after recently stating that the altcoin will experience a crash in the next 15 years.

The statement sparked speculation that Cardano could be a better investment option and one of the best Ethereum competitors to buy.

Technically (28/4), the daily price chart shows that ADA has bounced off the key demand zone and is now targeting the next price at $0.93.

The rising Relative Strength Index (RSI) with a value of 60 shows that the bullish momentum is getting stronger, while the MACD line has also surpassed the zero line, supporting this positive trend.

Sui (SUI)

SUI managed to outperform the overall crypto market by recording an incredible gain of 70% in just the past week.

Its market capitalization has also soared to $12 billion, and it is expected to soon break into the list of the top ten cryptos by market capitalization.

As of April 28, SUI’s price is only 28% below its all-time high. With the upward trend getting stronger, as shown by the accumulation/distribution line (AD line), SUI has the potential for a major price surge.

The AO (Awesome Oscillator) indicator also reinforces the bullish prediction that this uptrend will continue.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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