Some altcoins in the cryptocurrency market are raking in massive gains amid soaring price trends.

Among the early profit-takers for 2025 include Solana (SOL), Cardano (ADA), and Sui Network (SUI). These assets have set the market buzzing as some locked in over 20% profit in price action.

Solana Nears All-Time High

Solana’s bullish performance saw the coin experience a massive rebound from below the $200 level.

In a surprising move, SOL leaped from around $178 in less than two weeks to pick the current rally.

The coin surge now implies SOL is less than 20% away from its all-time high (ATH) of $263. Solana achieved this price mark in November 2024.

SOL price was up marginally by 1.41% as of writing to $214.01. However, its uptrend is now threatened by massive volatility.

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Its trading volume has also dropped from $3.73 billion in earlier trade to $3.04 billion. Despite these hiccups, the coin remains bullish, and investors anticipate a further surge.

Solana’s recent upsurge proved enough to climb up in ranking.

Binance Coin (BNB), previously occupying the 5th position in the cryptocurrency ranking by market capitalization, has yielded to Solana.

BNB, with a market cap of $102.15 billion, lost the position to SOL’s $103.34 billion due to the latter’s price uptick.

With speculations around possible regulatory approval for a spot Solana ETF this year, analysts believe the uptrend might stay.

Interestingly, as many as five asset managers have filed for an ETF with the Securities and Exchange Commission (SEC). They include VanEck, Bitwise, 21Shares, Grayscale, and Canary Capital.

Cardano Breaks $1 Resistance

Another altcoin that registered an uptrend in price is Cardano (ADA). The coin retested the $1 price level and breached the resistance on the back of sustained investor interest.

Market watchers noted that if ADA maintains the momentum, it could flip the $1.20 this month, given its average growth metric in January.

ADA price was exchanging hands at $1.06, up 1.75% in 24 hours as of this writing.

The current price indicates the asset’s low point in its 24-hour trading figures. ADA previously reached a high of $1.12 before experiencing market fluctuations.

With the community anticipating innovations hinted at by Cardano founder Charles Hoskinson, market participants look forward to a further uptick.

Other developments that Hoskinson also urged the community to anticipate in 2025 included dApps upgrades, Bitcoin DeFi, and the Midnight Network.

Sui Hits New All-Time High

The Layer-1 blockchain, Sui Network, also saw its native token, breaking previous records to set a new ATH of $5.30. At the moment, SUI price has dropped to $5.23 with a 10% surge in 24 hours.

SUI’s trading volume witnessed a massive 180% surge to $2.3 billion, prompting many to predict that the token could soar even higher.

Analysts foresee SUI aiming for the $10 price in the current altcoin rally if it sustains its momentum.

Notably, the demand for SUI suggests strong confidence among market participants who think the coin might hit higher levels.

Community support and market sentiments have fueled this rally, as some users have compared SUI to SOL.

The Sui blockchain has improved its transaction speed remarkably with the introduction of notable innovation.

For instance, the Mysticeti Consensus engine and the Narwhal-Bullshark-Tusk mechanism have increased speed and reduced latency.

Innovations such as these have raised the debate between SUI and SOL users, driving the Sui network’s completion and adoption.