Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight.
Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of 5-13% over the past week.
The latest Santiment analysis shows a rise in both price action and the social media volume across the crypto market in the past week. Bitcoin leads the way with a 23.21% rise in social volume, followed by Ethereum, XRP, and meme coins like TRUMP and PEPE seeing notable attention.
Wrapped TRON, TRUMP Tokens Surge 150%
On the price side, several altcoins outperformed, with Wrapped TRON and Trump-themed tokens posting massive gains of over 150%. Sui, UGold, and PEPE were among the top gainers. The total market cap grew over 10% to $3.81 trillion, and the trading volume surged 21.38%, which shows growing momentum in the market.
The TRUMP token spiked both in price and social volume around April 23, driven by strong community hype before slightly cooling off. There has been a rising interest in altcoins over the past month. The increase in social volume and BTC price strongly hints at an upcoming altseason.
Altcoins Gain Attention as Social Volume Peaks
The social volume for altcoins has also steadily increased, peaking around April 23-26. Altcoins’ share of total discussions rose after April 17, which shows that market participants are shifting focus to higher-risk, higher-reward assets.
Bitcoin’s price has also been rising, which creates a favorable condition for an altcoin rally. Although there was a slight pullback in volume and dominance, it could be a temporary sign to stay cautious in the short term. It is also important to note that there has been a big jump in discussions around memecoins like Doge.
Analyst Ash Crypto, in his recent X post, warned users against selling altcoins at a 50% loss, suggesting that holding them could lead to gains (5x-20x) in the next year. Despite the challenges of the 2022 bear market and the possible future crash due to tariffs, he believes that trillions in new crypto investments will flow in 2025 through Quantitative Easing.
There has been a sharp decline in daily active addresses across Smart Contract Platforms (SCPs) in recent months, raising concerns among investors and developers.
Meanwhile, Ethereum’s Pectra Upgrade could be the turning point, with crypto analyst Jamie Coutts calling the current state a cleansing of the ecosystem.
SCPs See Sharp Decline in Active Users
Jamie Coutts, who built Bloomberg Intelligence’s crypto research product, says this is the worst decline ever recorded in the history of SCPs.
He also notes that it is far worse than the 2022-2023 bear market, with daily active addresses dropping 40.5% in just five months.
“This is the largest usage collapse in SCP history,” wrote Coutts.
Coutts’ analysis provides a deeper look at the broader crypto ecosystem, which is simultaneously witnessing an uptick in global liquidity and an all-time high in stablecoin market cap.
While the sector seems to be experiencing a shakeout, Coutts says this decline does not indicate the death of smart contract platforms. Rather, it is a necessary cleansing of the ecosystem.
The analyst attributes the drop in daily active addresses to several key factors, including the rise of artificial activity.
“Much of the past cycle’s growth was artificial: Usage inflated by bots and Sybil farms, Incentive programs created temporary traction without stickiness. The unwind reflects a cleansing of fake activity, not the death of the sector,” Coutts explains.
The rise of bots and Sybil attacks, where bad actors create multiple fake identities to manipulate a platform’s usage metrics, has artificially inflated the activity numbers across various smart contract platforms.
Now, as these fake users are being weeded out, the real growth potential of SCPs is becoming clearer.
Moreover, this trend suggests that SCPs with weak application ecosystems or limited use cases will face significant valuation compression. This is especially true without stablecoin integration or real-world asset (RWA) applications.
Coutts notes that many SCP tokens risk valuation compression if their platforms do not offer high throughput, low-cost, and real settlement capabilities.
The market will likely reward mature platforms capable of supporting real economic activity. These include stablecoin transactions, payments, and AI-native applications.
“…going forward, value will concentrate in platforms that enable high-throughput, low-cost, real settlement and agentic automation,” he added.
Ethereum Staking Surge Post-Pectra
Interestingly, these predictions align with the recent Ethereum Pectra upgrade, which went live on May 7, 2025.
The Pectra upgrade introduces key features that could help Ethereum, the largest smart contract platform, stay ahead in this playing field. Specifically, the upgrade improves Ethereum’s staking model and validator operations.
CryptoQuant recently indicated a notable spike in ETH staking around the Pectra Upgrade news. Specifically, before the Pectra upgrade news, ETH staking saw a net outflow of around 1.02 million ETH, reflecting uncertainty.
However, after the news, staking rebounded with a 627,000 ETH inflow, signaling renewed market confidence in the Ethereum staking ecosystem.
“Before Pectra News (Nov 16 – Feb 15): ETH staking dropped from ≈34.88M to 33.86M ETH, a net outflow of ~1.02M ETH. This period reflects market uncertainty and mild unwinding of staking positions ahead of the upgrade. After Pectra News (Feb 16 – May 16): Total ETH staked rose from 33.78M to 34.41M ETH — a net inflow of ~627K ETH. Indicates renewed confidence in the staking process following the upgrade,” wrote CryptoQuant analyst Kripto Mevsimi.
ETH Staking before and after Pectra Upgrade news. Source: CryptoQuant
In the same tone, Bohdan Opryshko, co-founder and COO at Everstake, told BeInCrypto that the Pectra upgrade may be Ethereum’s most institution-friendly update. He says the upgrade is the clearest signal that Ethereum is ready for conservative capital.
“For the first time, institutions can stake at scale with operational clarity and reduced complexity. It’s a green light for conservative capital to get involved in native Ethereum staking,” Opryshko told BeInCrypto.
Further, Pectra’s introduction of smart accounts allows Ethereum wallets to execute smart contract logic. This could drive stablecoin integration.
At the same time, it could enhance scalability. This would make Ethereum better suited to handle real economic activities such as payments and financial transactions.
Nevertheless, Coutts highlighted a divergence between price action and network activity, a common phenomenon in the crypto space. While markets stabilize, activity on many SCPs remains stagnant.
Coutts notes that this divergence will not last. More sophisticated capital will increasingly flow toward platforms that anchor real economic behavior, especially via stablecoin flows and payments.
“Markets may be stabilizing, but activity is not,” More sophisticated capital will increasingly rotate toward chains that anchor real economic behavior, especially via stablecoin flows, payments, and AI-native applications,” Coutts says.
Finally, Coutts predicts that a liquidity-driven rally will return, fueled by the significant liquidity expected to enter the system in the coming months.
However, he cautions that the value will likely accrue to a subset of SCPs that can deliver tangible value through real-world applications and stablecoin integration. This sentiment aligns with the structural upgrades brought by Ethereum’s Pectra fork.
The sentiments around the SUI price are growing and becoming more bullish day by day. After the massive rise from the bearish captivity, the investor’s attention has been over the tokens that are closely monitoring the token’s price movements. The bulls defending the dynamic support at $3.03 indicate their strong pressures as they appear to be poised to elevate the levels towards new highs. The SUI price is trying to secure the levels above $3.5, but the bears are working hard to restrict the rally below $3.4. Despite this, the token is flashing a major bullish signal, suggesting a new ATH could be on the horizon.
The volume of SUI has been on the rise since the September 2024 rebound, which surged and marked highs above $3.5 billion. This was when the price marked a new ATH. After a notable volume squeeze, the volume has begun to rise again as it surges above $1.5 billion. On the other hand, the SOL transaction count has also soared and marked levels above 10 billion for the first time in history.
The consistent rise in the transaction count suggests the network’s traffic is constantly on the rise, as the investors have been extremely vigilant over the SOL price action. Moreover, they continue to remain bullish on the token as the volume has again begun to rise, with a massive increase in the transaction count. This makes SUI one of the most monitored tokens and hence hints towards a potential upswing in the coming days.
SUI price is closely following the Elliott wave theory and has accomplished the bullish and bearish waves. Moreover, the rise from the local bottoms and the consolidation that followed raises the possibility of yet another Elliott wave in the making. Meanwhile, the Gaussian Channel has turned bullish, which suggests the beginning of a bullish trend. However, RSI displays a bearish divergence, so should this be a matter of concern?
Well, during the previous upswing, when the price marked a bullish wave, the RSI surged to the overbought levels, followed by a pullback. However, after a small consolidation, the levels triggered a rebound and entered the overbought range. It has to be noted that the RSI has sustained above the average range, within the upper bands during the bullish Elliot wave, and hence, until this pattern is maintained, the SUI price will remain under bullish influence.
Therefore, considering the Sui price will continue with the fresh Elliot wave, it could form a new ATH somewhere around $9 to $9.2 in the second half of 2025.
The post Sui Price at the Foothill of a Major Explosion: Is a 100% Rise on the Horizon? appeared first on Coinpedia Fintech News
The sentiments around the SUI price are growing and becoming more bullish day by day. After the massive rise from the bearish captivity, the investor’s attention has been over the tokens that are closely monitoring the token’s price movements. The bulls defending the dynamic support at $3.03 indicate their strong pressures as they appear to …
Sui (SUI) price has been trapped in a correction mode since the beginning of 2025, and the selloff pace accelerated after the second inauguration of U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $22.8 billion and a 24-hour average trading volume of about $889 billion, has dropped over 32 percent in the past four weeks.
However, Sui price has rebounded around 5 percent in the past seven days to trade at about $2.28 on Tuesday, March 18, during the early New York session.
Midterm Expectations for Sui Price
From a technical analysis standpoint, the Sui price has gradually gained bullish momentum in the past two years, characterized by higher highs and higher lows. In the past two weeks, the SUI price has been retesting the local high made in April 2024 and breached in October 2024.
According to crypto analyst Ali Martinez, SUI price is on the cusp of a breakout after approaching the apex of an ascending triangle pattern in the 1-hour time frame. A bullish reversal pattern for the Sui price will be invalidated in case of a consistent close below $2.2, which will lead to further selloff towards below $2.
In case of a consistent close above $2.4, Sui’s price will be well positioned for a bullish rebound towards $2.89.
Fundamental Outlook
The Sui network has grown to a vibrant web3 ecosystem with dozens of DeFi protocols led by Suilend, NAVI, Cetus AMM, and Haedal, among others. As of this writing, the Sui network had more than $1.1 billion in total value locked and around $654 million in stablecoins market capitalization.
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The post Sui Price Analysis: Is a Bullish Rebound Ahead or More Downside Coming? appeared first on Coinpedia Fintech News
Sui (SUI) price has been trapped in a correction mode since the beginning of 2025, and the selloff pace accelerated after the second inauguration of U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $22.8 billion and a 24-hour average trading volume of about $889 billion, has dropped over 32 …
