Top 3 Ethereum Rivals to Watch Right Now: Solana, Sui, and Cardano!

Updated

May 9, 2025

Gambar Top 3 Ethereum Rivals to Watch Right Now: Solana, Sui, and Cardano!

Jakarta, Pintu News – The crypto market surged 3% and broke through the $3 trillion valuation, with Bitcoin at $102,000. Ethereum price also rose by 19% to $2,210 on May 9, 2025.

As the largest altcoin prepares to take off after years of lagging behind, investors need to keep a close eye on Ethereum’s main competitor. These competing altcoins are showing potential to outpace ETH’s price rally.

Ethereum Competitors to Watch

Ethereum (ETH), which is currently at $2,210, seems poised to bounce back stronger after a few years of sluggish trends.

If Ethereum experiences a major rally, it could trigger an altcoin season, where the prices of other altcoins, including Ethereum’s competitors, could spike sharply.

Several altcoins such as Solana , Sui , and Cardano are showing great potential to surpass the ETH price rally. With impressive performance over the past year, these three contenders look poised for a significant surge and are worth keeping an eye on.

Solana (SOL)

On May 8, 2025, the price of Solana (SOL) was at $152, had a daily gain of 3.66%, and showed a double bottom pattern after the retest phase.

The price increase that broke through the 100-day exponential moving average (100-day EMA) at $151 was a strong bullish signal.

The MACD indicator and the signal line are starting to approach positive crossover points, which supports a potential trend reversal. Based on Fibonacci levels, SOL’s uptrend could potentially retest the January 17 high of $261.

In addition to technical analysis, the planned launch of the Solana ETF that is awaiting approval in the United States could be the trigger for the next spike.

Increased capital flows, institutional adoption, and market acceptance could push SOL’s price to $2,000 and make it a serious competitor to Ethereum.

Sui (SUI)

Sui (SUI) has been one of the fastest moving crypto assets in recent months. The SUI price as of May 8 was at $3.71, recording a daily increase of 12%.

SUI is capitalizing on the bullish momentum in the market and shows potential to repeat the price spikes that Ethereum and Solana have experienced.

Sui’s Total Value Locked (TVL) stands at $1.72 billion, which still shows growth potential when compared to Ethereum’s TVL of $52.801 billion. Network expansion in the next bull market could potentially push the price of SUI to new record highs.

Analysis based on Fibonacci levels estimates the next price target at around $9.73. If the Sui ETF proposal by 21Shares and Canary Capital is approved by the SEC, investors could witness a price surge in this Ethereum-competing altcoin.

Cardano (ADA)

Along with the surge of other altcoins, the price of Cardano (ADA) jumped 7% to touch $0.716 (8/5). This price increase is close to the breakout point at $0.771, which could be the trigger for the next continuation of the bullish trend.

Technical indicators such as MACD and the signal line showed a positive crossover, signaling the return of strong buying pressure.

Based on trend-based Fibonacci levels, the short-term target is around the 50% level, crossing the psychological barrier of $1. By the end of 2024, ADA has recorded a 300% increase while waiting for its ETF approval.

Cardano’s founder, Charles Hoskinson, has also often intensified the rivalry with Ethereum through various public statements. Although Ethereum has released the Pectra update, Charles predicts the Ethereum blockchain will be “dead” by 2040.

By offering a more scalable, efficient, and secure solution, Cardano has a great opportunity to experience a significant surge in May, as the altseason begins.

Overall, Ethereum’s rivals are likely to outperform the largest altcoin as Ethereum has often been late to the bull market phase in recent years.

Cardano, Solana, and Sui offer more attractive alternatives and are considered to have more potential opportunities than Ethereum.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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.

Reference: