4 Ethereum Rivals That Could Turn $1 Into $1,000 This Bull Cycle

The October end recovery has managed to restore the market sentiment for a potential bull run. As crypto investors seek assets that could deliver exponential returns

4 Ethereum Rivals That Could Turn $1 Into $1,000 This Bull Cycle

The October end recovery in the crypto market has managed to restore the market sentiment for a potential bull run. As crypto investors are looking for assets that could deliver exponential returns, here are four Ethereum rivals that are positioned as top picks, presenting the potential to transform a modest investment into substantial profit.

Solana (SOL) is recognized as one of the fastest and most scalable platforms among Ethereum rivals. It is known for its high throughput and low transaction costs. In October, the Solana price showcased a high-momentum rally from $133 to $183, registering a growth of 37%.

Along with the price rally, SOL’s active addresses surged from 3 Million to 5.7 Million high— a 90% increase. This growth indicates heightened user activity in the Solana blockchain, which could bolster a robust network and demand pressure.

With sustained buying, the SOL price could breach the $185 barrier and conclude its 7-month consolidation.

Among Ethereum Rivals, the Cardano coin is viewed as an underperforming asset due to a consistent downtrend since August 2021. However, as no trend remains the same in a tradable asset, the ADA price shows a huge upside potential.

According to santiment data, the Cardano large holders with 100 Million to 1Billion coins balance have increased their accumulation from 2.06 to 2.8 Billion ADA since April 2024. Generally, the whale accumulation coincides with major market bottom, which could explain ADA’s potential for a major reversal.

By press time, the ADA price trades at $0.35 while holding a market cap of $12.38 Billion.

Amid the crypto market today, the Toncoin price records a 0.8% fall to trade at $4.98 while maintaining a market cap of $12.7 Billion. The momentum could plunge the asset 7.8% down to hit the $4.6 level, a support that has defended TON buyers since March 2024.

Moreover, the Toncoin supply on exchanges has significantly reduced from its September high of 2.56 million coins to the current 1.73 million. This 32% reduction in exchange-held Toncoin indicates a shift toward long-term holding, as fewer coins are available for immediate trading or liquidation.

Thus, the reduced selling pressure indicates the TON price is better positioned for a bullish reversal than a support breakdown.

Sui (SUI) is a Layer-1 blockchain that has attracted attention for its high throughput and low latency capabilities, making it suitable for decentralized applications (dApps) and Web3 development. The SUI price has shown resilience amid the recent market downturn, maintaining a bullish structure on the higher time frame.

With a strong developer community and a focus on user experience, SUI is positioned for a potential breakout in the upcoming bull cycle, presenting the potential to deliver exponential returns to early investors. By press time, SUI trades at $0.29 with a market cap of $1.67 Billion.

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