Top Three Cryptocurrencies to Monitor During the First Week of May 2025
Revved-up bullish vibes sweep crypto land, shoving BTC past $95,000 and sparking life in several altcoins.
The little fire under Bitcoin's ass is starting a wild dance in investor hearts, even as May begins. Here are three playful altcoins that seem primed to make some moves: Ethereum (ETH), Virtuals Protocol (VIRTUAL), and Solayer (LAYER).
Ethereum (ETH)
Get ready for the long-awaited Pectra bash, set to light up the Ethereum mainnet on May 7. This network shake-up promises to supercharge Ethereum's scalability, elect the new validator royalty, and polish its smart contract architecture.
But hold your horses, partner. This ball can have its risks that might affect ETH's dancin' shoes. Fancy exchanges are preppin' to pause ETH deposits and withdrawals during the party, which could send short-term sparks or nudges people to sell off the ponies.
Oh, and if there are any technical hiccups during the bash, it could fan some uncertainty and make the bulls run scared.
ETH is sittin' pretty at $1,808 right now, but that don't mean it ain't gatherin' some steam. That's clear with its Chaikin Money Flow (CMF), at 0.13 and swimmin' up the river. That's a sign of a surge in buyin' pow'r. If that trend stays, ETH could be stompin' its way to $2,072.
But if ETH's popularity faded, its worth could slide to $1,744.
Virtuals Protocol (VIRTUAL)
VIRTUAL has been galloping forward by 37% in the past week, makin' it the horse that against all odds, leapt farthest in the race in the last seven days. It's currently tied up in an ascendin' parallel channel, hintin' that mare is a real sellin' horse.
This gallopin' pattern is when the horse's price dances between two upward-slope trendlines—one actin' as support, the other as resistance. That means the trend's strong, and the price has consistent swings between the lines.
If VIRTUAL keeps runnin' in the channel, it could break above the $2 barrier to fetch $2.15.
But if people lost interested in its race, and VIRTUAL stampedes below the support line of the channel, its price might drop to $0.96.
Solayer (LAYER)
LAYER is canterin' ahead by 14% in the past week to reach $3.02 at the moment. A glimpse at the ol' LAYER/USD one-day chart shows the hover-board's Aroon Up Line standin' at 100%. That implies this little unicorn is currently ridin' a powerful trend, thanks to the high demand for LAYER.
The Aroon Indicator measures a trend’s might and direction by trackin’ the time since the highest and lowest prices over a given timeframe. It's split into two lines: Aroon Up, which measures bullish energy, and Aroon Down, which watches for bearish vibes.
Just like LAYER, when the Aroon Up line's at 100, the asset just trotted past a new peak. That's true for LAYER, which hit a new high of $3.43 early Monday mornin'. That trend suggests that people are keen to buy what LAYER's sellin'. If that stays strong, LAYER might re- gallop past its high mark.
But if sellin' decisions kicked in, LAYER's worth might gallop down to $2.46.
Disclaimer
This article's all about informin', but don't take it as financial advice, partner. BeInCrypto's dedicated to accuracy and honesty, but things change in the wild west of cryptoland without a moment's notice. Do your own research, and consult a pro 'fore makin' any financial decisions.
Also, please take a moment to review our Terms and Conditions, Privacy Policy, and Disclaimers 'cause we've made some updates recently.
- The Ethereum mainnet is set for an upgrade called Pectra on May 7, aiming to enhance scalability and improve its smart contract architecture.
- Despite the forthcoming update, Ethereum deposits and withdrawals on exchanges may be temporarily suspended during the upgrade, potentially causing volatility.
- If technical issues arise during the upgrade, it could raise uncertainty and discourage bullish sentiment.
- At present, Ethereum (ETH) is trading at $1,808, but it could surge to $2,072 if buying power is sustained. Conversely, its value might fall to $1,744 if interest wanes.
- Virtuals Protocol (VIRTUAL) has surged by 37% in the past week and is currently moving within an ascending parallel channel, suggesting it could break above $2.15 if the trend continues.
- On the other hand, if interest in VIRTUAL wanes and it falls below the channel's support line, its price could drop to $0.96.
- Solayer (LAYER) has seen a 14% increase in the past week, with its Aroon Up line at 100%, indicating a strong bullish trend.
- If the demand for LAYER remains high, it could potentially surpass its recent high of $3.43. However, if selling decisions prevail, its price might decline to $2.46.
- A disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a professional before making any financial decisions, and review Terms and Conditions, Privacy Policy, and Disclaimers. Additionally, BeInCrypto has recently made some updates to its Terms and Conditions, Privacy Policy, and Disclaimers, so it's important to review those as well.
