Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst
The crypto market experienced renewed optimism in late April, driven by Bitcoin's stability above $90,000–$95,000, increased stablecoin issuance, and bullish patterns in major cryptocurrencies. Two $1 billion Tether mints on April 29 raised USDT and USDC supply to an all-time high, indicating strong demand for speculative assets. Bitcoin maintained its upward trend despite negative macroeconomic data. Key altcoins like Solana and Curve showed promising technical setups, with Solana potentially targeting $200 and Curve aiming for $1.20. Ethereum and Litecoin are in bottoming processes, while meme coins like Dogecoin and PEPE exhibit potential for retail interest. Bitcoin dominance remains high, complicating altcoin rotation, but analysts expect altcoins to outperform in May and June.
