Reaching the $1 mark is a symbolic and psychological milestone for many cryptocurrencies, signaling both investor confidence and project maturity. As we move into June 2025, several coins are showing strong momentum and fundamentals that could carry them to, or beyond, this key threshold. Here’s a detailed look at five standout contenders: Cardano, Ondo, Ethena, Jupiter and Sonic.
Why Watch Cardano?
Cardano (ADA) is one of the most established cryptocurrencies on this list—battle-tested across multiple market cycles and backed by a massive, loyal community. Its reputation as a fundamentally strong and research-driven project continues to attract long-term believers. In May 2025 alone, Cardano saw a 66% surge in on-chain activity, hitting over 50,000 daily transactions, signaling renewed user interest and network usage. Adding to the buzz are growing talks around a potential ADA spot ETF in the US, which could open the floodgates for institutional capital. All these factors together make a compelling case for ADA to reclaim and push past the $1 mark.
Why Watch Ondo Finance?
Ondo Finance (ONDO) is emerging as a frontrunner in the Real-World Asset (RWA) space, riding a wave of institutional interest and macro relevance. In May 2025, J.P. Morgan executed a testnet transaction using ONDO for settling tokenized Treasuries, marking a significant step in TradFi’s integration with blockchain. Ondo also leads the RWA sector in total value locked, holding over $1.3 billion—more than three times that of most competitors—underscoring its dominance and credibility. With 58% of crypto investors identifying RWAs as a top narrative for 2025 (per Galaxy Research), ONDO is well-positioned to capitalize on this trend and push toward the $1 mark.
Why Watch Ethena?
Ethena (ENA) is rapidly emerging as a DeFi powerhouse, blending innovative technology with strong institutional backing. Its flagship stablecoin, USDe, has ascended to become the third-largest in the market, boasting a market cap of approximately $6 billion as of March 2025 . This growth is underpinned by strategic funding, including a $100 million raise aimed at expanding into traditional finance sectors . Ethena’s 2025 roadmap is ambitious, featuring the launch of a Telegram-based payment and savings app integrated with Apple Pay, signaling a push towards mainstream adoption . The ENA token’s utility is further enhanced by its role in securing cross-chain transfers and its integration into the upcoming Ethena Chain . With a bullish market sentiment and a suite of innovative products, ENA is well-positioned to reach and potentially surpass the $1 mark.
Why Watch Jupiter?
Jupiter (JUP), a leading decentralized exchange (DEX) aggregator on the Solana blockchain, is poised to benefit significantly from the growth of the Solana ecosystem. As Solana’s DeFi activity expands, Jupiter’s role in aggregating liquidity from over 20 Solana-based DEXs positions it as a central hub for traders seeking optimal token swap rates . Jupiter’s advanced features, including limit orders, dollar-cost averaging, and cross-chain bridging, enhance its appeal to both novice and experienced traders. The platform’s integration with Solana’s high-speed, low-cost infrastructure ensures efficient trade execution, further attracting users . As Solana continues to gain traction in the DeFi space, Jupiter’s prominence is likely to grow, potentially driving increased demand for the JUP token.
Why Watch Sonic?
Sonic (S), the rebranded successor to Fantom, is quietly gaining momentum despite recent price stagnation. While the token’s value has seen a decline of approximately 20% in May 2025, its on-chain metrics tell a different story. The Total Value Locked (TVL) on the Sonic network has reached an all-time high of $1.54 billion, indicating increased user engagement and trust in the platform. Additionally, there’s been a notable rise in fee collection, open interest, and stablecoin market capitalization within the ecosystem, all pointing towards robust underlying activity . Such on-chain growth often serves as a leading indicator for future price movements, suggesting that Sonic might be poised for a breakout as market participants recognize its strengthening fundamentals.
Utility and Innovation: Ethena is reshaping the stablecoin landscape with its synthetic dollar (USDe), while Sonic is building a high-performance Layer 1 with strong fundamentals, quietly gaining momentum.
Ecosystem Strength: Cardano’s long-standing presence and Jupiter’s critical role in the Solana ecosystem give them strong structural support for future price appreciation.
Market Sentiment: Ondo is riding the wave of real-world asset (RWA) hype, now seen as one of 2025’s top narratives, especially after J.P. Morgan’s recent testnet activity involving ONDO.
Community and Adoption: Cardano’s loyal base, Jupiter’s active user demand, and Ethena’s rapid traction in DeFi all highlight the importance of engaged communities and growing on-chain metrics as drivers toward the $1 mark.
Which cryptocurrencies are closest to hitting $1 in June 2025?
Ondo is the closest among these, already approaching the $1 mark, while Cardano and Ondo are not far behind. Ethena and Sonic are trading at lower levels, but both show strong potential due to rising on-chain activity and product adoption.
What makes Ethena and Sonic potential $1 candidates?
Ethena’s USDe is already a major player in the stablecoin space, and its upcoming consumer-facing products could fuel further demand for ENA. Sonic, though flying under the radar, has seen record-breaking TVL growth—an early indicator of rising network usage that could drive price recovery.
Why is Cardano still a contender despite being a veteran project?
Cardano continues to evolve with significant upgrades and on-chain growth. Its strong foundation, massive community, and even ETF speculation in the U.S. make it a serious contender for a move past $1.
Can Jupiter and Ondo maintain momentum toward or beyond $1?
Jupiter’s success is tightly tied to Solana’s growth—more Solana usage means more Jupiter adoption. Ondo leads the RWA sector in TVL and is seeing institutional interest, placing it in a strong position to climb higher.
How can I invest in these cryptocurrencies?
You can trade these tokens on Mudrex through both spot and futures markets.
The journey to $1 is a key milestone for these five cryptocurrencies, each backed by innovative technology and active ecosystems. As always, cryptocurrency investing carries risks due to volatility-stay informed and use reliable sources for live data to make timely decisions.
