Bitcoin (BTC) plunged nearly 8% in late May, crashing from a high of $112,000 to $103,527, erasing $1701 billion in market value. This crash also wiped out $1.81 billion positions for BTC. As June begins, should investors buy the dip or expect BTC to extend its crash? Why Bitcoin Crashed: 3 Key Reasons The start of May saw Bitcoin price soar 18.70% and set an all-time high at $112,000 on US-based crypto exchange Coinbase on May 22. This impressive uptrend faced exhaustion over the next ten days, resulting in an 8% correction. According to data from Velo, nearly $2 billion in BTC positions faced liquidation. Let’s examine three key reasons why Bitcoin experienced a crash. Technical Exhaustion As noted in the previous CoinGape article, the bearish monthly and weekly divergence, as well as the swing failure pattern, are key drivers of the ongoing Bitcoin crash. Moreover, a similar combination of… Read More at Coingape.com
Asset manager VanEck’s BNB ETF filing has sparked a flurry of speculation, with Bloomberg analyst Eric Balchunas’ comments fueling further debate about the potential motivations behind the move. The analyst has put forth an intriguing theory, suggesting a possible link between VanEck’s BNB ETF filing and a critical statement made by Binance founder Changpeng Zhao.
Notably, Eric Balchunas draws attention to his wild estimation that Changpeng Zhao’s recommendation to include Binance Coin (BNB) in the US crypto reserve has influenced VanEck’s decision.
What’s Binance Founder’s Role in VanEck’s BNB ETF Filing?
In a recent X post, Bloomberg analyst Eric Balchunas provided a wild theory suggesting a possible reason for VanEck’s latest decision to launch a BNB ETF, sparking debate. According to him, VanEck’s ETF move is largely influenced by Binance Founder Changpeng Zhao’s (CZ) advice to accept BNB as a crypto reserve. Balchunas stated,
If you heard CZ speak last week, he said he is advising multiple governments on establishing crypto reserves and looks like he advising BNB be part of the reserve. IMO maybe that’s what caught Jan VanEck’s attn and acted on it. Again, just a theory but it’s a pretty damn logical one.
VanEck BNB Filing: Market Reaction and Implications
Significantly, VanEck’s decision to launch the first ETF linked to Binance’s native token BNB has sparked intense debate within the crypto market. These discussions have been intensified with the Binance founder’s alleged connection with the move, as highlighted by the Bloomberg analyst.
Regulatory Concerns
Moreover, the ETF filing has raised significant regulatory concerns, with critics questioning Binance’s centralized control over the token. As part of the criticism, some call this a “crypto on crypto crime.” Further, the involvement of CZ in advising governments on cryptocurrency reserves, potentially including BNB, adds fuel to the fire, sparking fears of potential regulatory backlash given Binance’s past legal challenges.
Potential BNB Price Movements
Despite prevailing criticisms and debates, the potential Binance Coin ETF launch could spark a price rally for the BNB token. Currently trading at $597.96, up 0.24%, BNB is reportedly poised for a price surge following the ETF launch. If approved, the ETF could drive significant institutional inflows, potentially pushing BNB prices higher, reaching an all-time high of $790.
As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days.
The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China tariffs, Paul Atkins has officially taken the reins as the new SEC Chair, and hopes of interest rate cuts are gaining momentum.
With fear cooling off and confidence building, market watchers are turning bullish again. Popular analyst Crypto Christopher believes this is just the beginning of a much bigger rally. He’s spotlighting five top altcoins that he says are ready to explode before the bull run peaks.
1. Ethereum (ETH):
Christopher remains ultra-bullish on Ethereum, calling it “massively undervalued” around the $1,600 mark. Unlike Bitcoin, ETH hasn’t set a new all-time high this cycle—yet. With Ethereum continuing to dominate DeFi, Web3, and Layer-2 infrastructure, he sees a conservative 3x to 4x upside, and even hints at a potential $10,000 price target in a bullish scenario.
“This is a generational buying opportunity,” he states.
2. XRP:
Despite regulatory turbulence in recent years, XRP is back on the radar. Christopher sees massive upside potential driven by the coin’s global utility and ambitions for government adoption. XRP has a history of explosive price surges, and with a favorable macro backdrop and increasing utility, the analyst believes it could one day rival Ethereum in market cap.
3. Binance Coin (BNB):
BNB is staging a comeback. With rising trading volume, regular token burns, and cheaper transactions compared to Ethereum, Binance Smart Chain is regaining its developer base. Christopher expects BNB to smash through previous highs, potentially hitting $1,000 or more as new DeFi projects and liquidity return to the ecosystem.
4. Cardano (ADA):
Often labeled a slow mover, Cardano hasn’t seen the breakout action other Layer 1s have. But Christopher argues that ADA’s current range-bound price is a blessing in disguise. With ADA still well below its $3 ATH, he projects a 5x return is possible.
“For conservative investors using low leverage, ADA is one of the safest bets right now,” he adds.
Closing the list of top altcoins is Solana, which Christopher dubs one of the strongest Layer 1 ecosystems today. Despite past concerns over network outages, meme coin mania and skyrocketing user volume are fueling momentum. From its current price around $140, Christopher sees 2x to 3x gains ahead, with up to 10x potential on leveraged positions if network growth holds. As market sentiment flips bullish and institutional inflows return, these top altcoins are well-positioned for the next leg of the bull run. While Bitcoin leads the charge, it’s these carefully selected altcoins that could deliver outsized gains, especially if history repeats itself.
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The post Top 5 Altcoins to Buy Now Before the Crypto Bull Run Hits Its Peak appeared first on Coinpedia Fintech News
As the crypto market shows clear signs of recovery, optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days. The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China …
As Ethereum (ETH), Cardano (ADA), and Rexas Finance (RXS) show themselves as viable rivals for significant price increases, the cryptocurrency market is heating up. As of writing, ETH trades at $2,060, ADA at $0.74, and RXS at $0.20. While Cardano might cost 10x to $7.40, analysts estimate Ethereum could cost 5x to $10,300, and RXS could soar 44x to $8.80 before ETH and ADA. These forecasts draw on changing use cases, previous performance, and steady market trends. Let’s look at the catalysts pushing these pricing targets.
Ethereum (ETH): The 5x Giant of Smart Contracts
With a market capitalization of $248.7 billion and a 120 million coin circulating count, Ethereum remains the major player in decentralized finance (DeFi). With a 5x surge at $2,060, its price would rise to $10,300, increasing its market capital value to $1.24 trillion. Given past highs for Bitcoin exceeding $1 trillion, such a price is reasonable. With a 55% share of the total value locked (TVL) in DeFi, now over $60 billion, Ethereum achieves an average daily trading volume of $15 billion. The network’s great acceptance is reinforced by its daily processing of about 1.5 million transactions.
A possible Bitcoin rally and institutional investment, among other macroeconomic trends, could drive Ethereum’s price even higher. ETH has traditionally witnessed exponential increases during bull runs. Ethereum jumped over 9,000% in 2017; while a 5x gain may appear tiny by comparison, given its market leadership and ongoing development, it is a reasonable forecast.
Cardano (ADA): The 10x Smart Contract Contender
Cardano is valued at $0.74, has a market cap of $26.3 billion, and has 35.5 billion coins in circulation. If ADA’s price increases 10x, it will reach $7.40. This would result in a market cap of $263 billion, which is an extreme figure but not impossible to achieve with a strong surge in altcoins.
Cardano’s ecosystem is quickly expanding with a current DeFi TVL of $300 million and around 1,000 smart contracts deployed. The network handles about 50,000 transactions daily and boasts over 1.2 million wallets. Cardano’s proof-of-stake system provides an energy-efficient substitute for Ethereum and staking payouts (around 3.5% yearly) that draw in investors, making this platform appealing.
The adoption of Cardano in practical applications—especially in Africa—is one of the leading forces behind its possible 10x increase. Beyond DeFi, Cardano is being applied for digital identification solutions, agricultural supply chains, and government contracts.
Cardano must show its capacity to compete with Ethereum and more recent layer-1 solutions like Solana and Avalanche, though, if it is to land a $7.40 valuation. If Cardano effectively scales its ecosystem, attracts more developers, and enhances interoperability, it can achieve a 10x leap.
Rexas Finance (RXS): The 44x Dark Horse in Real-World Asset Tokenization
The underdog with outstanding potential is Rexas Finance (RXS). Pricing at $0.20, RXS is currently in its final presale stage (stage 12) and has attracted approximately $47.6 million from early backers. Analysts estimate RXS might skyrocket 44x to $8.80, one of the most promising altcoins available. Rexas Finance distinguishes itself by emphasizing real-world asset (RWA) tokenization.
This idea uses blockchain-transferable digital tokens from actual objects such as real estate, artwork, and goods. Real-world asset tokenizing has a substantial unrealized potential since the industry is projected to be worth over $400 trillion.
Key tools in RXS’s ecosystem meant to streamline asset tokenization and make it available to both people and companies are Token Builder and Launchpad. By letting investors fractionalize high-value assets, RXS addresses a significant liquidity issue in conventional markets. A 44x spike would need RXS to acquire notable traction, but the coin has a strong basis for quick expansion because presale already shows excellent demand. Should the ecosystem of Ethereum grow and blockchain acceptance in real-world assets quicken, RXS might take the front stage in the sector..
Conclusion
With a solid basis to enable a 5x increase, Ethereum still rules DeFi and smart contracts. With its expanding ecosystem and staking benefits, Cardano may experience a 10x increase should adoption quicken. However, Rexas Finance is the most intriguing choice since the tokenization of actual assets drives a 44x potential.
Ethereum is the better option for investors seeking consistency. Cardano might interest those who accept modest risks in exchange for better rewards. For those looking for the best possible return on investment, Rexas Finance is the altcoin with the most explosive development potential—44x before ETH and ADA. Should the crypto market go through another bull run, RXS might be the breakthrough actor of 2025.
For more information about Rexas Finance (RXS) visit the links below:
The post Ethereum (ETH) Could 5x, Cardano (ADA) Might 10x, but This Altcoin Is Poised for a Much Bigger 44x Surge appeared first on Coinpedia Fintech News
As Ethereum (ETH), Cardano (ADA), and Rexas Finance (RXS) show themselves as viable rivals for significant price increases, the cryptocurrency market is heating up. As of writing, ETH trades at $2,060, ADA at $0.74, and RXS at $0.20. While Cardano might cost 10x to $7.40, analysts estimate Ethereum could cost 5x to $10,300, and RXS …
