The Altcoin Season Has Begun: Bitcoin Dominance Falls to 63.89%, Sparking a 13% ETH Surge

As Bitcoin (BTC) dominance falls further and sparks a 13% ETH rally, major altcoins like SOL, DOGE, and ADA saw gains of over 6%. Notably, the ETH/BTC ratio rebounded from its lowest level since 2020, signaling a potential structural shift in investor sentiment away from Bitcoin.

With the tide turning, analysts at Altcoin Daily have revealed their top 14 coins they believe are primed to explode in 2025.

Top 14 Coins to Watch in May

Ethereum (ETH)

"Coinbase bought another 21,000 ETH last quarter and now holds over 140,000 ETH. Also, with Kraken, OKX, and Uniswap all building out Layer 2 solutions and the U.S. pushing tokenization forward, we're seeing Bitcoin climb the store-of-value adoption curve. This makes ETH one of the safest and most promising bets."

Ondo Finance (ONDO)

"Backed by BlackRock, Ondo is spearheading the tokenization of real-world assets for institutions. And with emerging technologies like Hyperliquid and Blockhash converging to create a new generation of financial primitives, we're poised for a groundbreaking shift in the financial landscape."

XRP (XRP)

"We're seeing XRP being put to work by enterprises for enterprise payments. A Florida pharma firm has adopted XRP for a $50 million treasury and vendor payment use case. This showcases the growing financial utility of XRP in real-world scenarios."

Cardano (ADA)

"Remaining efficient and eco-friendly, Cardano is expanding Bitcoin bridges and supporting World Mobile Token. It's a strong contender in this evolving blockchain ecosystem."

World Mobile Token (WMT)

"Closely tied to Cardano, World Mobile Token is expanding across Ethereum and Cosmos. Aiming to bring decentralized connectivity worldwide, they're becoming a major Cardano partner chain."

Borg Token (BORG)

"This exchange token powers the Swissborg ecosystem—pivoting from CeFi to DeFi. With one-third of the token supply already staked and recent integration into Hyperliquid, Borg is quickly gaining momentum."

COTI (COTI)

"Originally Cardano-native, COTI has moved to Ethereum L2, concentrating on compliant privacy and real-world assets. They're busy rolling out the digital euro and engaging in enterprise collaborations across Africa and the Middle East in a $30 trillion market space."

Foxy (FOXY)

"More than just a meme coin, Foxy is the mascot of Linea, a rising Ethereum Layer 2. If Linea continues to grow, Foxy could benefit from infrastructure-level support—something rarely seen by meme coins."

Solana (SOL)

"Still a central part of the L1 narrative, Solana is praised for its speed and scalability. Analysts call it 'the next Ethereum' despite past challenges."

Sui (SUI)

"Often called 'the next Solana' for its high-performance architecture, Sui is making a strong impression this cycle with its technical capabilities. It's heating up the competition with Solana in the L1 space."

Supra (SUPRA)

"Seen as a 'next-gen blockchain,' Supra might be 'the next Sui.' It's part of the rising L1 narrative, focusing on speed and interoperability in a bid to outpace other blockchains."

Injective (INJ)

"Tailored for decentralized finance, Injective enables tokenized stocks and real-world assets like MAG7. Analysts say it's paving the way for a decentralized Wall Street with groundbreaking use cases."

Paid Network (PAID)

"An OG crypto project, Paid Network is building legal and crowdfunding tools for startups. Now in its third cycle, it's managed to survive and adapt