Crypto Market Snapshot: Cooling Down or Gearing Up?
As of May 4, 2025, the crypto market is in a reflective mood. After a streak of bullish moves, we’re now seeing signs of consolidation. The global crypto market cap sits at $2.93 trillion, down 1 percent in the last 24 hours. Meanwhile, daily trading volume has increased to $59.5 billion, with 92 percent of it circulating through stablecoins. This suggests that traders are waiting for their next move, possibly eyeing altcoin entries as Bitcoin’s dominance starts to dip from its peak.
Here’s a snapshot of the top players:
| Cryptocurrency | Price (USD) | 24h % Change | Market Cap |
| Bitcoin (BTC) | $95,922.87 | -1.66% | ~$1.90 Trillion |
| Ethereum (ETH) | $1,834.50 | -1.44% | ~$218 Billion |
| Solana (SOL) | $146.80 | -0.79% | ~$74.8 Billion |
| XRP (XRP) | $2.189 | -0.91% | ~$125.7 Billion |
| Cardano (ADA) | $0.7014 | -3.56% | ~$23.4 Billion |
| Dogecoin (DOGE) | $0.1758 | -2.88% | ~$25.5 Billion |
| Shiba Inu (SHIB) | $0.00001264 | -1.57% | ~$7.45 Billion |
| Ondo (ONDO) | $0.8771 | -4.8% | ~$2.73 Billion |
| Pi Network (PI IOU) | $0.5841 | -1.9% | ~$4.17 Billion (IOU) |
| MANTRA (OM) | $0.4224 | +0.6% | ~$404 Million |
Bitcoin Tests Key Resistance
Bitcoin is currently trading around $95,922. After hitting highs close to $97,000, BTC is consolidating with support holding strong near $93,500. Resistance is forming near $96,420 and the major psychological level of $100,000. While there’s some cooling in the short term, long-term projections remain extremely bullish. Experts are pointing to price targets ranging from $120,000 to even $250,000 by the end of the year. Institutional interest, discussions about a US Bitcoin reserve, and post-halving supply constraints are all fueling this sentiment. Still, market sensitivity to economic news and ETF flow slowdowns could stall immediate breakouts.
Ethereum’s Next Move Feels Unclear
Ethereum sits around $1,834, and it seems to be struggling to keep pace with Bitcoin. ETH’s dominance has dropped to multi-year lows, despite massive growth in its Layer 2 ecosystem. While protocols like Arbitrum and Optimism are booming, the price of ETH isn’t reflecting that energy. Some say Ethereum is being overshadowed by faster chains like Solana. Price predictions remain split, with estimates ranging from a conservative $2,000 to bullish targets above $10,000. Without a strong catalyst like ETF approval or major Ethereum upgrades, ETH may remain in a holding pattern until Bitcoin makes its next major move.
Solana Holds Strong in the Face of Competition
Solana is trading at $146.80, showing much-needed stability. After months of extreme volatility, this consolidation is welcome news for long-term holders. Solana’s growing ecosystem in DeFi, meme coins, and real-world integrations keeps its reputation as a top Ethereum rival intact. 2025 predictions vary, with modest targets around $150 and more optimistic ones reaching over $300. For SOL to break out, continued performance improvements and ecosystem growth will be key.
XRP Builds on Lawsuit Win
XRP is currently at $2.189, cooling slightly after its post-lawsuit rally. Regulatory clarity has breathed new life into the asset, and speculation about a spot ETF and more enterprise use cases is building momentum. If XRP can push through the $2.50 resistance, analysts suggest short-term gains to $3 are on the table. Long-term targets reaching $5 or even $10 are being floated, especially if XRP becomes a major player in cross-border finance through partnerships and stablecoin initiatives.
Cardano Cools After Recent Surge
Cardano has pulled back to $0.7014 after previously flirting with the $1 mark. While underperforming Bitcoin and Ethereum in recent days, ADA’s fundamentals remain solid. Its development in smart contracts and DeFi is ongoing, and long-term price forecasts range from $1.12 up to $2.36. Ambitious estimates stretch to $6 by 2030, depending on adoption and execution. For now, ADA seems to be waiting for a stronger catalyst to regain momentum.
DOGE and SHIB Ride Meme Coin Sentiment
Dogecoin is holding at $0.1758, though the buzz from Elon Musk has started to cool. Talk of a potential DOGE ETF still circulates, which could be a major spark if realized. Meanwhile, Shiba Inu is priced at $0.00001264 and continues its slow burn. The Shibarium Layer 2 network is active, but SHIB’s massive token supply makes extreme price targets like $0.01 unrealistic without dramatic shifts in utility and adoption. Still, both coins remain speculative favorites, especially during periods of retail-driven rallies.
Ondo Leans Into RWA Hype
Ondo is trading at $0.8771, down sharply but still considered a top token in the Real World Asset (RWA) narrative. While well below its all-time high, analysts are watching for potential recoveries up to $3. With tokenized treasury products gaining attention, ONDO may ride this trend if momentum returns.
MANTRA Fights for a Comeback
MANTRA is up slightly at $0.4224, bouncing back from a dramatic crash in April. A major token burn and a renewed focus on ecosystem expansion have helped rebuild some trust. The team’s $108 million RWA initiative could help propel OM back to its projected 2025 target near $0.90, although it remains a high-risk bet.
Pi Network’s Real Test Still Ahead
Pi Network is trading as an IOU token near $0.5841. The real Pi token is still not live on open exchanges. With the Open Mainnet launch expected later this year, its future depends on how the project executes KYC, app integration, and ecosystem readiness. Until then, real price action remains speculative.
Final Thoughts
Despite a cooling market, sentiment remains cautiously optimistic. Bitcoin is still leading the way, but signs of altcoin rotation are starting to emerge. As always, regulatory updates, tech developments, and macroeconomic news will drive the next wave. Stay sharp, stay patient, and keep an eye on both the leaders and the underdogs as this market matures.
