By the time April closed its curtains, most altcoins were strutting like overfed sheep at the fair, some bleating out a 50% surge from deeper pits earlier in the month. The air smells thick with recovery and the kind of optimism that makes folks double down, shoving more coins into the pot. Yet someâcall them the weary, wise, or simply allergic to gambleâstart eyeing the exits, muttering something about âselling in May and getting outta Dodgeâ and waving recession risk warnings like flags on a dustbowl highway.
Now, this nervous ritualâsell and skedaddleâhas been around longer than most blockchain devs have had mustaches. Never mind that hard evidence is slipperier than a can of beans in a rainstorm. Take a gander at recent charts, and youâll see Ethereum acting like Mayâs its best gal at the dance. Even old Bitcoin, that ornery mule, serves up turns of around 8% on average.
Yet as sure as a jackrabbit will dodge the noon heat, crypto summers can be merciless. June, July, August, SeptemberâBitcoinâs averages bob and weave with all the reliability of a promises made at a county fair. So maybe itâs not total foolishness to sell in May, pocket your chips, and go nurse a lemonade in the shade. And if youâre wondering which critters to wrangle out of your corral, look no further than Algorand (ALGO), Official Trump (TRUMP), and that grand old matriarch, Ethereum (ETH).
Altcoins That Might Just Need a One-Way Ticket Outta Town đ
Algorand (ALGO)
Poor Algorand. Once the proud partner of FIFAâyes, that juggernaut of sweaty men and questionable refereesânow dumped like a wagon with a busted wheel. FIFAâs off building its own chain (maybe with more goal-line technology). The DeFi Total Value Locked dropped from Everest-level highs down into gopher burrow territory, $5 billion to $116 million, which is the financial equivalent of trading your horse for a cardigan. Stakers have been selling off, leaving ALGO standing in the windswept field like a scarecrow pulling double shifts. No white knights on the horizon, just more dust. Might want to put that one out to pasture. đŽ
Official Trump (TRUMP)
Oh, the Trump meme coin. It bolted up like a prairie fire when some enterprising soul dangled a dinner with The Donald himself for top holders. The thing shot up 130% faster than you can say, âYouâre fired.â
But hereâs the thing: anticipation is a powerful sauce, and speculators want a seat at that golden dinner table. As May creeps in, clouds on the horizon: Trump himself may cancel or hit pause if the ethics committee starts sniffing around like hounds on a pork chop. Donaldâs been known to reschedule awkward engagements (tariffs, anyone?).
And after the banquet? Expect some top holders to dump their party favors like uneaten mashed potatoes. Letâs not forget the old chestnutâbuy the rumor, sell the news. Like tourists leaving after the circus packs up, price action could get ugly quick. đđ
Ethereum (ETH)
Ethereum, the blue-chip cowboy of crypto, ainât immune to Mayâs fickle moods. The charts are spelling out a giant triple-top patternâtrader-speak for âThree strikes and youâre probably out.â Now itâs loping below the so-called neckline, like a coyote slinking under a barbed-wire fence.
The next stop down? The $1,000 canyon, if the technicals have their way. That target comes by measuring between the top and neckline, then dragging the same distance downâmath with a touch of melodrama. If ETH price gets jumpy and retests the neckline, thatâs the âbreak-and-retestâ handshakeâusually a sign that more troubleâs coming. đ€ đ
In Summation: Coins You Might Want to Tip Your Hat To and Ride Away From
In this May stampede, itâs TRUMP, Algorand, and Ethereum kicking up the most dust as they wobble through townâplenty of reasons for old hands to take their winnings and skedaddle. While youâre at it, keep your eyes peeled for big unlocks from other coins like Pi Network and Aptos. They might just join the rodeo of regret. Donât say the tumbleweeds didnât warn you. đđš
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2025-05-01 22:45