Top 5 Layer 1 Cryptos Nigerians Should Watch in 2025
Layer 1 cryptocurrencies are heating up again, and Nigerians are taking notice. With smart money moving in and use cases growing rapidly, it’s clear that some of these tokens are gearing up for significant moves.
Whether you’re trading, staking, or just watching the charts, now’s a good time to track what’s rising. From old guards like Bitcoin and Ethereum to newer challengers making noise, here are five Layer 1 projects you should keep on your radar right now.
Bitcoin Eyes Breakout as Institutional Inflows Fuel Uptrend
Bitcoin is trading around $106,577 after briefly touching $107,735. The structure remains bullish, with the price trading within a range above all the critical moving averages: MA10 ($104,820), MA30 ($105,473), and MA60 ($104,135).
Although the price has decreased slightly today, the volume remains consistent, and the price movement suggests strength at the upper end of the recent range. The buyers are protecting the $104,000 area and thus, the uptrend remains unbroken. A breakthrough above $107,700 can lead to an uncharted territory of new highs.
On the news side, Bitcoin ETFs just attracted another $1.5 billion in inflows. BlackRock has invested $430 million in BTC alone, demonstrating the depth of institutional conviction. The ETF flows help legitimize Bitcoin’s role alongside traditional assets and give layer one cryptos a broader base of credibility in regulated finance.
Looking at the BTC chart, the rally still has room to run. If bulls break through the $107,700 resistance, the next move could stretch higher. But a short-term pullback into the $101,000–$94,000 zone wouldn’t be surprising before that happens. The uptrend remains intact, and momentum favours a continued climb, particularly with this level of institutional backing behind it.
Ethereum Holds Steady as Market Eyes Next Major Move
Ethereum is currently available on the market for $2,421. This altcoin remains above the 30-day moving average ($2,450) and is just below the 10-day MA ($2,626). The price has been moving in the range of $2,100 to $2,800, thus creating a broad consolidation pattern after the sharp ascent in 2024.
The volume is constant, not very high, indicating that this is not a panic situation but rather a break. The primary support levels, around $2,160, and resistance, about $2,800, are becoming the most interesting levels to observe. Although the overall market is experiencing some disturbances, ETH remains the leader in terms of strength compared to other assets.
On the blockchain, Ethereum is unchallenged in its position as the leading force among Layer 1 cryptos. Over 33.9 million ETH is now staked, signalling growing trust in the network’s long-term value. Capital inflows of $3.3 billion in recent weeks highlight renewed investor confidence.
If the current macroeconomic drag eases, Ethereum appears set for a strong recovery leg. The chart structure suggests it’s coiling for a move, possibly toward the $4,000 mark. As one of the top Layer 1 cryptos, ETH remains a significant indicator of the direction the entire market may take in the near future.
Solana Shows Strength as Layer 1 Crypto Demand Heats Up
The Solana price today is $142.19, down 9%, but the overall trend remains unchanged. Following the retracement, the price is close to the 5-day MA ($143.78) and still well above the 30-day MA ($108.79), which has been increasing since the middle of 2023.
Volumes remain healthy, showing strong trader interest even during corrections. The previous high of $295.83, set in late 2023, hasn't been reclaimed, but the recent bounce from $126 back to the $140 zone shows that buyers are stepping in to defend support.
On the news front, institutional demand is heating up. Invesco and Galaxy Digital just filed for a Solana ETF, a significant vote of confidence in SOL’s future. At the same time, CME futures open interest reached 1.75 million contracts, a clear indication that traditional finance is taking Layer 1 cryptocurrencies seriously.
Analysts believe that the rounded retest structure forming on the chart indicates a potential breakout if the $141 level holds. Key resistance sits at $158, followed by $167 and $185. If momentum builds, Solana could become one of the leading Layer 1 cryptos to watch for another leg up.
BNB Gears Up for Breakout Backed by $500M Institutional Bet
BNB remains steady at $644.55, demonstrating strength even after a short retreat from a local high. The price movement is well above the moving averages, MA10 ($627), MA30 ($456), and MA60 ($373), all of which are trending upward. The volume is relatively low, signalling that it is more of an accumulation than a selling-out situation.
The chart shows a tight consolidation of just under $700, which previously acted as resistance. This sideways chop, supported by a rising trendline, indicates a bullish continuation setup, rather than weakness.
The big story is Nano Labs' $500 million investment in BNB, a serious show of confidence from institutional players. Add to that BNB Chain’s zero-gas stablecoin transfers, and you’ve got real value being added to the ecosystem. It’s not just hype — users are saving money, and that drives adoption. According to UniChartz, this is backed by fundamentals that are slowly but surely pushing the project into a new phase of growth.
Looking at the chart, BNB is coiling like a spring. That failed breakout at $793.86 in late 2023 didn’t break the structure. Instead, we’re getting a textbook consolidation at higher levels with strong moving average alignment and a clear higher-low pattern.
Cardano Gains Momentum as Investors Bet Big on DeFi Utility
Cardano (ADA) is holding its ground as one of the strongest Layer 1 cryptocurrencies in 2025. In early June, the crypto plummeted by 19%, causing a decrease in price to approximately $0.55; however, it is still trading above the crucial long-term support levels. This area has not only been a key support level in the past but has also served as a launch pad for the ADA 2021 rally, where it reached a record high above $3.00.
The current chart illustrates ADA remaining at its 30-month moving average ($0.49), a significant level where buyers typically appear. Volume remains steady, suggesting that holders aren’t panicking, and the market may be gearing up for a bounce.
In the derivatives market, futures traders have opened large positions—1.2 billion ADA, worth over $694 million, now sits in open interest. This signals growing confidence in ADA’s short-term recovery and long-term potential.
New developments in DeFi could further boost demand. ADA may soon be used as collateral to borrow stablecoins and indirectly acquire Bitcoin, without needing to sell the underlying asset. This enables deeper participation in the cryptocurrency economy while preserving token value.
Trade Smarter: Convert Crypto to Naira Instantly with Dtunes
If you're thinking of buying crypto or cashing out, Dtunes makes it fast and easy to convert ETH, SOL, BNB, and BTC to Naira. You don’t have to deal with delays, bad rates, or confusing platforms.
You can use Dtunes to hold, sell, or stay ready for your next big crypto move. Download the app and start converting today. Remember to check our blog for tips, new info, and step-by-step guides designed to help you boost your portfolio.
Download Dtunes app here.
FAQs
1. What are Layer 1 cryptos?
In essence, they are the primary blockchain networks, such as Bitcoin, Ethereum, Solana, and BNB Chain, that facilitate transactions and execute smart contracts directly on their respective chains.
2. What are the reasons why Ethereum has gained so much importance?
Ethereum is the fuel of most DeFi and NFT projects. Additionally, it is the most widely adopted one that supports smart contracts, thus serving as the foundation for Web3 projects and many others.
3. What are the features that make Solana unique?
Solana is cheaper and faster than most blockchains. It was designed to handle thousands of transactions per second, which perfectly aligns with the needs of both games and apps.
4. Is BNB just Binance’s token?
No. BNB powers the BNB Chain, which supports smart contracts and apps like any other blockchain. It’s also known for low fees and high speed.
5. Why is Bitcoin still a Layer 1 to watch?
Bitcoin remains the most secure and valuable crypto. With ETF inflows and significant institutional backing, it’s seen as a trusted long-term asset.
Written by the growth team at Dtunes – Africa’s crypto-to-naira platform.
[Sponsored]
Source: Legit.ng
