The Crypto Bull Run: Top 3 Altcoins to Buy and Hold

By Crispus Nyaga
May 12, 2025 at 2:17 PM UTC
Edited by Jayson Derrick

The cryptocurrency market is witnessing a significant upswing, signalling the start of a bull market with Bitcoin nearing its all-time high. Major altcoins are also experiencing impressive gains, with many recording double-digit increases from their lowest prices earlier this year.

Bitcoin Reaches New Heights

Bitcoin (BTC) has surged above $104,000, attracting the attention of analysts who are increasingly optimistic about its future performance. Notably, investment giant BlackRock forecasts that Bitcoin could eventually reach as high as $700,000, while fintech firm Ark Invest has set a staggering target of $2.4 million for the leading cryptocurrency.

The current market dynamics indicate that Bitcoin has formed a ‘cup-and-handle’ pattern—a key chart signal often seen as a precursor to a bullish trend. This technical formation shows a horizontal resistance line, a rounded bottom, and a consolidation phase. Based on the depth of the cup, which stands at around 32%, analysts project that if Bitcoin breaks through its current resistance level, it could reach a target of approximately $142,000. ## Altcoins to Watch: Sui, Polkadot, and Ripple

As Bitcoin’s price rallies, many altcoins are well-positioned to follow suit. Here are three of the top contenders to consider during this crypto bull run:

1. Sui (SUI)

Sui is rapidly emerging as one of the fastest-growing layer-1 blockchains within the crypto landscape. Recently, its total value locked (TVL) has surged by 67% over the past 30 days, now reaching $2.9 billion. Additionally, Sui’s decentralized exchange (DEX) volume recently exceeded $689 million in just 24 hours, largely driven by a burgeoning ecosystem of meme coins.

Technical analysis suggests continued upside potential for Sui. Currently, it appears to be in the fifth phase of the Elliott Wave pattern, which is generally regarded as a bullish phase. If Sui continues on its current trajectory, it could surpass its all-time high of $5.2382, representing nearly a 30% increase, with the potential to reach $10 should the broader market conditions remain favorable.

2. Polkadot (DOT)

Polkadot is another strong candidate for investors looking to capitalize on the ongoing crypto bull run. The coin has recently formed a quadruple bottom pattern—a technical indicator that suggests support at the $3.50 level and resistance at $11.50. With Polkadot successfully moving above the psychological barrier of $5, analysts believe it could rise significantly, potentially reaching $11.50 which would indicate a 120% increase from its current price.

Furthermore, Polkadot is undergoing critical upgrades as it transitions to Polkadot 2.0. These enhancements, including asynchronous backing and elastic scaling, aim to make the platform a leading choice for decentralized applications. The approval of a spot ETF for DOT by the SEC could also boost the coin’s popularity and price.

3. Ripple (XRP)

XRP is positioning itself as a formidable asset to watch in this bullish cycle, benefiting from both solid technical foundations and favorable market conditions. Technically, XRP has formed an Elliott Wave structure, currently entering its fifth wave after breaking out of a bullish pennant—a widely recognized continuation pattern. Analysts predict XRP could soon target its year-to-date high of $3.40 and, potentially, reach $5. Fundamentally, Ripple’s outlook is reinforced by growing anticipation surrounding the approval of a spot XRP ETF, the popularity of XRP meme coins, and the continuous development of the XRP Ledger—all contributing to the coin’s bullish sentiment.

Conclusion

As the cryptocurrency market buoyantly trends upward, Bitcoin’s price movements appear to be setting the stage for significant gains across altcoins. Investors eyeing opportunities in the current bull market might find Sui, Polkadot, and XRP to be excellent candidates for long-term hold. With ongoing technological advancements and overall market interest amplifying, these altcoins could offer substantial returns in the coming months.

Stay updated with the latest market trends, technical analysis, and insights as this dynamic landscape continues to evolve.

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