- A top market analyst has listed top altcoins to stack for a possible breakout rally.
- While Ethereum tops the chart, others include XRP and Solana.
Optimism is gradually returning to the crypto market, following clear signs of recovery from the recent crash. Crypto liquidations from the massive market crash are thinning out, with Bitcoin leading the recovery.
Key metrics suggest that altcoins’ worst trends are over. As Bitcoin surged past $93,000, major altcoins posted gains of over 15% in just a few days.
Experts have attributed the latest broader rally to multiple macro and regulatory factors tipping in crypto’s favor. These factors range from Trump’s pause on new China tariffs to Paul Atkins becoming the new SEC Chair, and anticipations of interest rate cuts.
Market watchers are now bullish again as fear cools off and confidence builds. Popular analyst Crypto Christopher claimed the market is poised to see more bullish breakouts.
In a YouTube video, the analyst spotlighted five top altcoins he believes are ready to explode before the bull run peaks.
Ethereum (ETH)
Christopher noted that Ethereum presents a fantastic opportunity for users to amass huge gains. According to the analyst, ETH is undervalued, costing around $1,600.
He emphasized that Ethereum is yet to hit an all-time high, unlike Bitcoin (BTC) in the current market cycle. Hence, he believes ETH presents a generational opportunity for those buying the coin at the current price level.
The analyst cites Ethereum’s continuing dominance in Decentralized Finance (DeFi), Web3, and Layer-2 infrastructure to fuel more adoption. Crypto Christopher predicted a conservative 3x to 4x upside for ETH. In a more bullish scenario, he forecasted a price target of $10,000. This projection is only $2,000 more than analyst Ted’s earlier $8,000 target.
Ripple (XRP)
Christopher further pointed out XRP as another altcoin he thinks would register good gains. XRP is back on the radar, particularly after the US Securities and Exchange Commission (SEC) dismissed its long-standing legal battle with Ripple Labs.
As of this writing, XRP price traded at $2.18, demonstrating a 3.9% increase over the past seven days.
With a market cap of over $127 million, Christopher thinks XRP could easily replace ETH in terms of utility. If XRP gets more global adoption, the analyst says XRP’s market cap could soar to $300 million or even $400 million.
He, therefore, advised investors seeking diversification in their crypto portfolios to begin accumulating XRP.
As outlined in our recent blog post, XRP has seen a substantial uptick in network activity. The number of unique wallet addresses involved in transactions increased by 67.5% between April 11 and April 20.
Binance Coin (BNB)
Similar to Ethereum and Solana, BNB is staging a comeback. Christopher noted that Binance Smart Chain is regaining its developer base with rising trading volume, regular token burns, and cheaper transactions.
The analyst expects BNB to climb past previous highs, potentially hitting $1,000 or more. His expectation is hinged on new DeFi projects and liquidity returning to the ecosystem.
Cardano (ADA)
Cardano (ADA) has seen a less bullish breakout than other Layer-1 cryptocurrencies. However, Christopher argues that ADA’s current range-bound price is a blessing in disguise. He projected a 5X return for ADA, from the current price of $0.63.
In a worst-case scenario, he noted that ADA would continue to consolidate. If this happens, no one would lose money. The analyst added that ADA is one of the safest bets for conservative investors using low leverage.
Solana (SOL)
Solana closed Christopher’s list as one of the strongest Layer 1 ecosystems today. Solana is seeing skyrocketing user volume, which is fueling momentum. This surge comes despite past concerns over network outages and memecoin mania.
Christopher sees 2x to 3x gains ahead, from the current price of around $149. Additionally, he forecasted a 10x potential on leveraged positions if network growth holds.
These top altcoins are well-positioned for the next leg of the bull run as market sentiment flips bullish and institutional inflows return.
