The cryptocurrency market experienced a substantial surge in activity throughout May, driven by significant developments and institutional interest. Bitcoin (BTC) reached an all-time high of $111,970.17 on May 22, marking a pivotal moment for the asset. Ethereum (ETH) also saw notable gains, with prices skyrocketing following the successful rollout of its Pectra update, which introduced key improvements to its network.
Despite this promising start, the market rally has since lost momentum, with BTC retreating to $105,000. Other cryptocurrencies are also exhibiting signs of slowing down, leading to a period of market consolidation that has left many investors debating the best time to re-enter the market.
The rally in May can largely be attributed to a surge in institutional investments rather than retail participation. Notably, BlackRock, one of the world’s largest asset management firms, made waves by purchasing over $3 billion worth of BTC in May for its spot Bitcoin ETF. This influx of institutional capital acted as a catalyst for a market-wide rally, as confidence in the long-term prospects of cryptocurrency grew among major players.
Looking ahead, there is growing speculation that the crypto market could see another upswing in the coming weeks. A key factor that could drive this resurgence is the possibility of the Federal Reserve cutting interest rates after its next meeting. Furthermore, ongoing advancements in blockchain technology and potential regulatory clarity in major markets could serve as additional tailwinds for the industry.
5 Must-Own Cryptocurrencies Before Bitcoin’s Next Surge
1. Solana (SOL)
SOL, the native token of the Solana blockchain, has historically followed Bitcoin’s price movements, often rallying after BTC gains momentum. The asset reached its all-time high in January 2025 during Bitcoin’s previous peak, showcasing its close correlation with the leading cryptocurrency. Analysts from Morgan Stanley have predicted a bullish future for SOL, estimating a potential price of $550 by 2030.
Currently, SOL is being actively accumulated by strategic investors and institutional players, contributing to increased price momentum and strengthening its value metrics. This accumulation trend signals growing confidence in the token’s future, particularly as the broader crypto market looks to Bitcoin for direction. If BTC makes a significant upward move, there is a strong likelihood that SOL will follow suit with another rally.
Adding to the optimism, SOL fans are eagerly anticipating the upcoming Firedancer update, a key development for the Solana blockchain. This update, powered by a second validator client built by Jump Crypto, is expected to dramatically enhance Solana’s scalability, reduce latency, and improve network efficiency. These improvements could further cement Solana’s position as a leading blockchain platform and drive increased demand for SOL in the long term.
2. Ripple (XRP)
XRP, the cryptocurrency associated with Ripple, is poised for significant growth as it continues to gain momentum alongside Bitcoin’s next rally. Known for its utility in cross-border payments, XRP has become a key player in the global financial ecosystem due to its speed, low transaction costs, and scalability. There is growing optimism that the SEC may approve at least one XRP-focused ETF this year.
Meanwhile, the XRP Ledger, a decentralized blockchain designed for fast and efficient transactions, is seeing steady growth in both activity and development. Ripple is also branching into new use cases, particularly within the realm of Real World Assets (RWA). The introduction of Ripple’s stablecoin, RLUSD, has attracted significant inflows, pointing to increased confidence in the Ripple ecosystem.
As XRP expands its impact on cross-border payments, explores innovative narratives, and strengthens its infrastructure, the token appears well-positioned to navigate market challenges and drive greater adoption in the global financial system.
3. Toncoin (TON)
TON, the native cryptocurrency of the TON blockchain, is gaining significant attention and could rally alongside Bitcoin’s next upward trend. The recent price surge in TON has been fueled by Telegram’s partnership with Elon Musk’s xAI, a collaboration that has sparked renewed interest in the project.
TON’s blockchain, originally developed by Telegram, leverages advanced scalability and speed, which has made it attractive to investors and developers alike. With this new deal highlighting its potential, market analysts speculate that TON’s momentum could continue to build in the coming days, potentially positioning it as a key player in the altcoin market.
4. Binance Coin (BNB)
BNB, short for Binance Coin, is one of the leading cryptocurrency tokens in the market, originally launched to facilitate transactions and reduce fees on the Binance crypto exchange. Over time, its utility has expanded significantly, serving functions such as powering Binance Smart Chain (BSC), participating in token sales on Binance Launchpad, and being used as a payment method across various platforms.
Recently, the US SEC dropped its lawsuit against Binance, a development that has brought renewed optimism to the market. This positive news has sparked speculation that BNB could be on its way to achieving new price highs, potentially exceeding the $700 mark. Investors are optimistic about BNB’s growth due to its strong tokenomics, including a deflationary mechanism through regular token burns, which reduces the circulating supply over time.
In addition to its integral role within the Binance ecosystem, BNB has gained traction for its versatility and reliability. While the cryptocurrency market is known for its volatility, BNB has shown relative stability compared to other altcoins, making it an appealing choice for long-term holders. With its deep integration into the Binance ecosystem and its growing use cases, BNB is well-positioned to continue its upward trajectory as the market evolves.
5. Dogecoin (DOGE)
Dogecoin, often referred to as the original meme cryptocurrency, is one of the most popular tokens among investors, thanks to its vibrant and passionate community. What started as a lighthearted joke inspired by Bitcoin and the iconic “Doge” meme quickly became an internet sensation and a staple in the cryptocurrency world.
Unlike traditional cryptocurrencies focused on utility or scarcity, Dogecoin’s value lies in its cultural significance and the strong sense of community surrounding it. DOGE has historically shown a close correlation to Bitcoin (BTC), often riding the waves of BTC’s market movements. As Bitcoin approaches its next potential rally, many experts speculate that Dogecoin could see a significant price surge as well.
Additionally, there is growing anticipation around DOGE possibly being included in a spot Exchange-Traded Fund (ETF) sometime this year. If approved, such an ETF could further boost Dogecoin’s visibility and adoption, likely driving its price higher. With its unique blend of humor, community-driven appeal, and increasing market relevance, Dogecoin continues to remain a noteworthy player in the evolving cryptocurrency space.
Also Read: Altseason Boom Incoming: Top 5 Altcoins Poised for Massive 1500% Gains
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
