- Cardano’s Midnight protocol fuels institutional interest, boosting ETF speculation this year.
- Ondo’s regulatory talks and RWA dominance position ONDO for strong summer momentum.
- SUI, XRP, and WAL showcase technical growth, riding adoption waves across crypto markets.
As May unfolds, crypto analysts are sounding optimistic. Despite the old market adage “Sell in May and go away,” this year may prove different. Historically, Bitcoin has delivered green candles in May nearly 67% of the time. Moreover, strong technical setups, institutional buzz, and ETF speculation are aligning to give select altcoins serious momentum.
Maddie from Altcoin Buzz highlights a basket of five promising tokens poised for growth, each backed by innovation and real-world traction. These projects aren’t just riding hype they’re building real utility and expanding adoption across crypto markets.
Cardano and Ondo Fuel Institutional Optimism
Cardano (ADA) leads the list with its Midnight protocol, a privacy-focused upgrade that blends confidentiality with regulatory compliance. This bold move aims to open the doors to millions of users seeking secure, yet compliant, blockchain interaction.
The ADA token sits around $0.70, up modestly, but could break past its $3 all-time high if institutional momentum sustains. Recent ETF chatter has grown louder, with a 70% market-implied chance of a Cardano ETF this year. Grayscale’s inclusion of ADA in its filing further adds weight.
Meanwhile, Ondo Finance (ONDO) continues to dominate the Real World Assets (RWA) space. With key products like USDY and OSG, the platform allows institutions to tap into on-chain yield without traditional financial friction.
Significantly, Ondo’s team recently met with the SEC Crypto Task Force to discuss tokenization. This development, alongside growing legislative interest in digital assets, has painted a bullish outlook. Although ONDO has pulled back to $0.92, its regulatory alignment could become a major tailwind this summer.
SUI, XRP, and WAL Drive Technical Growth
SUI Network (SUI) is gaining momentum after a 70% surge over two weeks. Its Dubai event on May 1st drew attention to new features like offline crypto transfers. Additionally, DEX activity on SUI exploded 245% in Q1.
Ecosystem tokens are soaring, with Cedus Protocol (CUS) and BTCI seeing major gains. At $3.69, SUI appears well-positioned to revisit its $5.35 peak.
Ripple’s XRP is also regaining investor confidence. It recently saw the approval of a futures ETF, setting the stage for a potential spot ETF. There are currently 72 ETF applications under review, with 12 directly tied to XRP.
The token’s strong community and long-standing ambition to replace SWIFT for international transactions continue to make it a unique contender. Trading around $2.23, XRP still has room to grow before challenging its all-time high of $3.40, reached over seven years ago.
Lastly, WAL (Walrus) is gaining notice for offering the fastest Web3 data storage. The project is backed by the SUI team and reflects broader growth in decentralized infrastructure. As adoption rises, WAL could become a foundational layer for Web3 data systems.
