Twenty One Capital is expanding its Bitcoin holdings through a $100 million capital injection from the sale of convertible notes. Armed with additional cash, the Tether-backed company aims to close the gap between itself and MARA Holdings. Twenty One Capital Secures Capital Raise To Buy Additional Bitcoin Tether-backed Twenty One Capital shows no signs of slowing its Bitcoin accumulation spree. In an 8-K filing, the newly formed firm announced the sale of additional convertible notes, raising $100 million from investors. The funds will purchase more Bitcoin, expanding the company’s holdings as the BTC arms race intensifies. Twenty One Capital currently holds 31,500 BTC on its balance sheet, ranking as the third-largest public holder of Bitcoin, behind Strategy and MARA Holdings. While Michael Saylor’s Strategy is miles ahead with its near-600,000 BTC, flipping Mara Holding is within reach for Twenty One Capital. Previously, the company purchased 4,812 BTC for $458.7 million,… Read More at Coingape.com
The SEC vs. Ripple lawsuit is nearing its end, sparking speculation about its potential impact on XRP price. Once regulatory clarity is established, US banks and financial institutions could begin buying XRP, driving significant demand. If this happens, can XRP price realistically reach $100?
SEC vs. Ripple Lawsuit Could End in Weeks
The SEC vs. Ripple lawsuit could conclude as early as April 2025, according to recent reports. Fox reporter Eleanor Terrett previously stated that the case is “in the process of wrapping up,” while analyst Andrew cited two SEC sources confirming that the lawsuit is in its final stages.
The President of ETF Store Nate Geraci has opined that BlackRock will allow institutions to buy XRP through ETFs after the lawsuit ends.
Moreover end of this lawsuit coincides with an impending change to the SAB121 accounting rule that prevents US banks from holding crypto assets. Recently, acting SEC Chair Mark Uyeda said that he had asked the SEC staff to work with the crypto task force to withdraw this rule.
With banks having the right to custody crypto and institutional demand rising due to regulatory clarity, will XRP price reach $100?
Can XRP Price Realistically Reach $100?
XRP price today trades at $2.29 with a circulating supply of 58 billion tokens and a $133 billion market cap. Therefore if the price reaches $100, XRP would attain a $5.8 trillion market cap, which is two times bigger than the current market cap of the entire crypto industry.
This price and market cap target is unrealistic in the near term. However, $100 is a realistic 10-year forecast for XRP price if US banks and institutions begin buying XRP aggresively.
The Grok AI model also notes that while $100 is a bit of a stretch, it is not an impossible XRP price forecast.
“It’s not impossible, but it’s a stretch in the near term. Reaching $100 would likely take years, needing XRP to capture a significant slice of global finance and a broader crypto market boom.”
One of the potential catalysts that could drive this rally for XRP price includes the launch of a spot XRP ETF. Given that Ripple is one of the biggest US crypto companies and is looking to file an IPO, an XRP ETF will see a significant surge in demand.
Ripple Technical Analysis
XRP price has bounced to the middle Bollinger band on its daily chart, and is testing this level as resistance. If buyers support a breakout from this middle band, it could stir a short-term recovery.
The MACD line also shows a bullish outlook after crossing above the signal line. If this indicator shifts to the positive region, it will aid a solid breakout for Ripple price.
As traders await the end of this lawsuit, buying pressure may begin to rise, pushing XRP price to the 61.8% Fibonacci level of $2.78. Market interest from the end of the lawsuit will drive further gains to the 161.8% level of $4.40.
XRP/USDT: 1-day Chart
Conclusion
A $100 price target for XRP is not realistic in the near term due to the altcoin’s massive supply of 58 billion tokens. However, this target is achievable in ten years as institutional interest in Ripple rises after the end of the SEC lawsuit.
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in digital assets. Hashkey CEO recently said, “I think there is the possibility the mainland China government will reconsider their stance towards the crypto and Web3 industry.”
China’s Shift Toward Crypto
China’s push into cryptocurrency seems driven by its desire to compete with the U.S. and strengthen its position globally. As more countries embrace digital currencies, China wants to lead the way in crypto and blockchain technology.
Experts believe that when China lifts its crypto ban, a significant amount of money will flow into Chinese tokens. Analyst Tracer explains, “In a positive scenario, their liquidity will first flow into China-related tokens,” potentially sparking a rally in altcoins connected to Chinese blockchain projects. This presents a great opportunity for investors to get ahead of the curve.
Top Chinese Altcoins to Watch
Aethir (ATH) – A project focused on building decentralized GPU computing infrastructure. With a market cap of $275.77M, it’s one to watch as liquidity pours into China-related tokens.
Zilliqa (ZIL) – A high-speed blockchain designed for scalability, Zilliqa is ready to take off when China’s crypto ban is lifted. It has a market cap of $257.15M and is set to benefit from increased demand.
Neo (NEO) – Known as the “Chinese Ethereum,” Neo is one of the country’s most established blockchains. With a market cap of $578.91M, Neo could see growth as China’s crypto industry expands.
The post China to Launch Bitcoin Reserve? These Altcoins Could Soar as The Nation Plans to Lift Crypto Ban appeared first on Coinpedia Fintech News
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in …
Ethereum price has underperformed in recent months, sparking criticism from top crypto voices such as Cardano’s founder. Charles Hoksinson. Due to the lack of any meaningful gains, traders are actively seeking the best Ethereum rivals to buy and potentially make 10x returns on investment as the broader market flashes bullish signs.
For context, the Ethereum price is trading at around the same price it was one year back, while Bitcoin has surged by 68%. Crypto trader Naiive also criticised ETH, saying a $10,000 investment made 8 years ago would now be worth $8,000.
ETH/USDT: 1-Week Chart
Amid these bearish headwinds and waning investor confidence, let’s explore the top 5 Ethereum rivals to buy to turn $1K to $10K in May.
Ethereum Rivals to Buy Now For 10x Gains in May
The top Ethereum rivals to buy now for potential 10x returns in May include Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Sui (SUI). These altcoins have not only outperformed Ethereum but also have robust fundamentals and a strong technical outlook, hinting at gains.
Ripple (XRP)
XRP is one of the top Ethereum rivals to buy now amid positive catalysts, including the hype around XRP ETF approvals. At press time, XRP had a higher fully diluted market cap of $232 billion, compared to Ethereum’s $219 billion.
Meanwhile, XRP/ETH is at the highest point in five years after forming a golden cross, indicating that XRP has offered better returns than ETH. Therefore, investors looking to turn $1,000 into $10,000 should consider switching their investment from Ethereum to XRP.
XRP/ETH: 1-Week Chart
Solana (SOL)
One of the top reasons making Solana among the top Ethereum rivals to buy is network growth. Data from DeFillama shows that Solana’s DeFi TVL is approaching the $10 billion milestone, while the stablecoin market cap is at an all-time high.
DeFiLlama
At the same time, SOL has a series of bullish catalysts that could drive a price recovery in the coming months, including potential ETF approvals. If these products are approved, $1,000 worth of Solana could easily grow to $10,000.
Dogecoin (DOGE)
Dogecoin’s rising open interest highlights massive interest in the altcoin, making it among the top Ethereum rivals to buy now. Data from Coinglass shows that Dogecoin’s OI has gradually risen in the last three weeks to $1.9 billion at press time.
Additionally, 71% of traders with open positions on Binance are long on Dogecoin, highlighting a bullish sentiment that this top meme coin will register massive gains. If DOGE bounces higher, traders holding the coin can easily make a 10x return on investment.
DOGE Long/Short Ratio
Cardano (ADA)
Cardano founder Hoskinson is bearish on Ethereum, after recently stating that the altcoin will crash in 15 years. This criticism drew speculation over whether Cardano could be a better investment and one of the top Ethereum rivals to buy.
The technical outlook on the daily price chart shows ADA has bounced from a key demand zone and aims for the next target of $0.93. The rising RSI with a value of 60 further shows the bullish momentum is growing strong and the MACD line has also crossed above the zero line.
ADA/USDT: 1-day Chart
Sui (SUI)
SUI has outperformed the broader crypto market with a staggering 70% gain in the last week alone. Its market cap has also surged to $12 billion, and it might soon enter the ranking for the top ten largest cryptos by market cap.
SUI/USDT: 1-day Chart
SUI is just 28% shy of its all-time high, and as the uptrend strengthens, as highlighted by the AD line, SUI might be poised for a massive uptrend. The AO bars also support a bullish SUI price prediction that the uptrend will continue.
Summary of Top Ethereum Rivals to Buy
Ethereum is underperforming against most cryptos, and traders are actively seeking the top Ethereum rivals to buy to enjoy massive returns. Some of the top altcoins that you can buy to turn $1,000 to $10,000 today are XRP, SOL, ADA, DOGE, and SUI.
