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5 Ethereum Rivals to Buy to Turn $1K to $10K in May – Crypto News

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5 Ethereum Rivals to Buy to Turn $1K to $10K in May

Ethereum price has underperformed in recent months, sparking criticism from top crypto voices such as Cardano’s founder. Charles Hoksinson. Due to the lack of any meaningful gains, traders are actively seeking the best Ethereum rivals to buy and potentially make 10x returns on investment as the broader market flashes bullish signs.

For context, the Ethereum price is trading at around the same price it was one year back, while Bitcoin has surged by 68%. Crypto trader Naiive also criticised ETH, saying a $10,000 investment made 8 years ago would now be worth $8,000.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
ETH/USDT: 1-Week Chart

Amid these bearish headwinds and waning investor confidence, let’s explore the top 5 Ethereum rivals to buy to turn $1K to $10K in May.

Ethereum Rivals to Buy Now For 10x Gains in May

The top Ethereum rivals to buy now for potential 10x returns in May include Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Sui (SUI). These altcoins have not only outperformed Ethereum but also have robust fundamentals and a strong technical outlook, hinting at gains.

Ripple (XRP)

XRP is one of the top Ethereum rivals to buy now amid positive catalysts, including the hype around XRP ETF approvals. At press time, XRP had a higher fully diluted market cap of $232 billion, compared to Ethereum’s $219 billion.

Meanwhile, XRP/ETH is at the highest point in five years after forming a golden cross, indicating that XRP has offered better returns than ETH. Therefore, investors looking to turn $1,000 into $10,000 should consider switching their investment from Ethereum to XRP.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
XRP/ETH: 1-Week Chart

Solana (SOL)

One of the top reasons making Solana among the top Ethereum rivals to buy is network growth. Data from DeFillama shows that Solana’s DeFi TVL is approaching the $10 billion milestone, while the stablecoin market cap is at an all-time high.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
DeFiLlama

At the same time, SOL has a series of bullish catalysts that could drive a price recovery in the coming months, including potential ETF approvals. If these products are approved, $1,000 worth of Solana could easily grow to $10,000.

Dogecoin (DOGE)

Dogecoin’s rising open interest highlights massive interest in the altcoin, making it among the top Ethereum rivals to buy now. Data from Coinglass shows that Dogecoin’s OI has gradually risen in the last three weeks to $1.9 billion at press time.

Additionally, 71% of traders with open positions on Binance are long on Dogecoin, highlighting a bullish sentiment that this top meme coin will register massive gains. If DOGE bounces higher, traders holding the coin can easily make a 10x return on investment.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
DOGE Long/Short Ratio

Cardano (ADA)

Cardano founder Hoskinson is bearish on Ethereum, after recently stating that the altcoin will crash in 15 years. This criticism drew speculation over whether Cardano could be a better investment and one of the top Ethereum rivals to buy.

The technical outlook on the daily price chart shows ADA has bounced from a key demand zone and aims for the next target of $0.93. The rising RSI with a value of 60 further shows the bullish momentum is growing strong and the MACD line has also crossed above the zero line.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
ADA/USDT: 1-day Chart

Sui (SUI)

SUI has outperformed the broader crypto market with a staggering 70% gain in the last week alone. Its market cap has also surged to $12 billion, and it might soon enter the ranking for the top ten largest cryptos by market cap.

5 Ethereum Rivals to Buy to Turn $1K to $10K in May
SUI/USDT: 1-day Chart

SUI is just 28% shy of its all-time high, and as the uptrend strengthens, as highlighted by the AD line, SUI might be poised for a massive uptrend. The AO bars also support a bullish SUI price prediction that the uptrend will continue.

Summary of Top Ethereum Rivals to Buy

Ethereum is underperforming against most cryptos, and traders are actively seeking the top Ethereum rivals to buy to enjoy massive returns. Some of the top altcoins that you can buy to turn $1,000 to $10,000 today are XRP, SOL, ADA, DOGE, and SUI.

The post 5 Ethereum Rivals to Buy to Turn $1K to $10K in May appeared first on CoinGape.

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