The Crypto Bull Run Is Here: Top 3 Altcoins to Buy and Hold
By Crispus Nyaga
May 12, 2025 at 2:17 PM UTC
Edited by Jayson Derrick
Bitcoin’s Rally Sets the Stage
As the cryptocurrency market embarks on a bullish trajectory, Bitcoin has positioned itself as a driving force, recently climbing past the significant threshold of $104,000, inching closer to its all-time high. Market analysts are optimistic, with firms like BlackRock predicting a future Bitcoin price of $700,000, and Ark Invest projecting a staggering target of $2.4 million.
Recent technical analyses indicate that Bitcoin has formed a cup-and-handle pattern—a strong continuation signal—suggesting further upward momentum. The depth of this formation, approximately 32%, hints at a target of $142,000 if the current breakout pattern continues.
A sturdier Bitcoin market could catalyze gains across the altcoin arena. Here are three noteworthy altcoins that investors might consider buying and holding during this anticipated bull run.
Sui (SUI)
Sui has emerged as one of the fastest-growing layer-1 blockchains in the cryptocurrency ecosystem. Over the past 30 days, the total value locked in Sui has surged by an impressive 67%, reaching $2.9 billion. Moreover, the decentralized exchange (DEX) volume has recently exceeded $689 million within a single day, fueled in part by a burgeoning meme coin ecosystem.
The technical outlook for Sui is optimistic. The current three-day chart indicates that the asset is undergoing the fifth phase of the Elliott Wave pattern. This approach to price movement suggests that the first, third, and fifth waves are generally bullish, while the second and fourth are corrective phases. Therefore, analysts anticipate that Sui could rise to challenge its all-time high of approximately $5.24, representing a potential gain of around 30% from current levels. A sustained move above this resistance could pave the way for further upward momentum toward the $10 mark, provided the bull run endures.
Polkadot (DOT)
Polkadot also stands out as an altcoin to consider in the current market climate. Technically, the cryptocurrency has exhibited a stable quadruple bottom pattern, having consistently defended the $3.50 support level over the past few years. Currently, DOT is trading above the psychological barrier of $5, with projections indicating that a rise towards $11.50—approximately 120% higher than present levels—is on the horizon.
Polkadot’s ongoing transition to Polkadot 2.0 bodes well for its future performance. Recent developments include asynchronous backing and agile coretime implementation, with plans for elastic scaling recently launched on the Kusama network. These upgrades are designed to position Polkadot as a compelling platform for decentralized applications. Additionally, any potential approval from the SEC for a spot DOT exchange-traded fund (ETF) would likely bolster its attractiveness further.
XRP (XRP)
XRP rounds out the list of recommended altcoins during this bullish cycle. The altcoin shows robust technical formations with an Elliott Wave structure in play, currently seen in the fifth wave of development. Notably, XRP’s recent performance has indicated a breakout from a bullish pennant pattern, a classic signal for continued price growth.
Analysts expect XRP to target its year-to-date high of $3.40, with potential aspirations towards the $5 mark as the bull market progresses. On the fundamental side, XRP benefits from increasing anticipation of a potential spot ETF approval, a rising interest in XRP meme coins, and continuous innovations within the XRP Ledger, all of which support its positive outlook.
As the cryptocurrency marketplace enters this promising bull run, keeping a close eye on these altcoins—Sui, Polkadot, and XRP—could yield substantial rewards. Investors are advised to conduct thorough research and consider market dynamics before making investment decisions. With Bitcoin leading the charge, the potential for broader gains across altcoins remains significant in this evolving financial landscape.
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