Tag:

Market

4 reasons the crypto market Is booming past $4 trillion

by admin October 5, 2025

The crypto market is surging this week, with Bitcoin and Ethereum nearing their all-time highs and the total market capitalization climbing above $4.2 trillion. This article breaks down the top four drivers behind the rally, including growing expectations that the Federal Reserve will cut interest rates before the end of the year.

Summary

The crypto market rally is happening as odds of Fed interest rate cuts rise.
Bitcoin has emerged as a safe-haven asset as the U.S. government shuts down.
The crypto market normally does well in October and the fourth quarter.

Fed interest rate cuts odds rise

One key reason why the crypto market is going up is the rising possibility that the Federal Reserve will cut interest rates in the final two meetings of the year.

The odds of rate cuts jumped after ADP published a weaker-than-expected jobs report on Wednesday. The U.S. economy lost 36,000 jobs in September. Economists were expecting it to add over 50,000 jobs.

These numbers mean that the Fed may decide to cut rates again to support the economy. Cryptocurrencies and other risky assets do well when the Fed is cutting rates.

Crypto as a safe haven

The crypto market jumped as investors embraced the role of Bitcoin (BTC) as a safe-haven asset as the U.S. government shutdown continues. This also explains why gold price jumped to a record high this year.

In a recent white paper, BlackRock noted that investors believe that Bitcoin has strong fundamentals to thrive as a safe-haven asset when risks rose. The white paper pointed to its fundamentals, including the 21 million supply cap and the rising demand.

One evidence of cryptocurrencies as safe-haven assets is the ongoing ETF inflows. Ethereum (ETH) funds added over $1.3 billion in inflows, while Bitcoin ETFs added $3.2 billion in assets.

Bitcoin, altcoins jump due to the season

Seasonality also contributed to the crypto market rally this week. Crypto investors are talking about Uptober, which is the situation where the industry rallies in October.

Data compiled by CoinGlass shows that the Bitcoin price normally jumps in October. It has had positive returns in October of all years since 2020. The average return in October since 2013 is 20%, making it the best month after November.

Also, the fourth quarter is usually the best period for the crypto industry in a year. Bitcoin’s average return is 80%, second only to Q1’s 51%.

Bitcoin return by month | Source: CoinGlass

Altcoin ETF approvals ahead

The other main reason why the crypto market is going up is the hope that the Securities and Exchange Commission will start approving crypto ETFs soon.

The agency has set October as the deadline for most altcoin ETFs, including popular names like Solana and XRP. These approvals will likely boost prices as Wall Street investors start buying as they have done with Ethereum and Bitcoin.

Source link

October 5, 2025 0 comments

NFT Gaming

Crypto Market Prediction: Ethereum (ETH): Catastrophic Scenario? XRP Starts $4 Path, Shiba Inu (SHIB): $0.000013 Not Reached

by admin October 4, 2025

The market is steadily moving forward, but it is important to consider additional risk factors that might disrupt the current state of affairs. Ethereum could form a double-top and hit multiple lows. XRP is on its path to $4 and keeps moving forward, while Shiba Inu has failed to break an important resistance level.

Ethereum’s risk factors

After a strong recovery from below the $4,000 level, Ethereum (ETH) has been rising above $4,500 in tandem with the larger cryptocurrency market. Even though the momentum appears to be improving in the near term, the chart is indicating a possible red flag: a double-top formation that, if verified, could be fatal.

In technical analysis, one of the most well-known bearish reversal patterns is a double top. It occurs when the price twice reaches a high resistance level, is unable to break through and then declines again.

According to Ethereum’s daily chart, the cryptocurrency previously reached a peak between $4,800 and $4,900 before falling. Traders are waiting to see if ETH will be rejected at these levels for the second time, as the price rises once more toward this resistance zone.

The double-top pattern might materialize and lead to a downward move if that occurs. Keeping an eye on the neckline between $4,000 and $4,100 is crucial. The double-top pattern would be confirmed by a clear breakdown below this range, which might pave the way for a decline toward the 200-day moving average, which is close to $3,500.

However, if Ethereum is able to break decisively above $4,900, the bearish thesis would be disproved, and ETH might reach new highs above the psychological $5,000 threshold.

ETH is currently torn between the technical threat of this reversal structure and the optimism fueled by the larger October crypto rally. Although resistance levels have not yet been tested, volume trends indicate that the rebound is strong.

This coming week will be important for Ethereum investors. The double top either solidifies into a bearish reversal that might signal the beginning of a more extensive correction, or ETH may establish a breakout that prepares the way for a new leg higher.

XRP keeps moving

Recent sessions have seen XRP displaying strength, with a distinct break above declining resistance levels igniting fresh market optimism. Following weeks of sideways consolidation, the breakout has generated new momentum that may lead to a move up to $4.

The daily chart shows that XRP has successfully broken out of two significant downtrend lines that have been limiting price growth since the late summer. In addition to indicating fresh buying pressure, this breakout lays the groundwork for future highs. XRP is held above the shorter-term moving averages, which are starting to line up in favor of a bullish continuation, and is currently trading above $3.

XRP has been repeatedly rejected by the $3.20-$3.30 levels, which are the next immediate resistance. The argument for a shift toward the psychological $4.00 barrier would be strengthened by a successful close above this region. When XRP reaches this milestone, it would be one of the strongest recoveries since its precipitous drop earlier in the year.

On the downside, the 200-day moving average at $2.62 serves as an essential safety net for bulls, and support is currently located between $2.85 and $2.90. As long as XRP maintains these levels, the bullish argument is still valid.

The larger market context is what makes this move so intriguing. Known as Uptober, October has historically been a good month for cryptocurrencies, and the new wave of liquidity entering the market may create more tailwinds. The breakout in XRP might be the beginning of a much bigger trend if volume keeps increasing in tandem with price action.

Right now, everyone is watching to see if XRP can continue to gain momentum from its breakout. The path toward $4 is still very much in play if it can confidently clear the next resistance levels.

Shiba Inu’s attempt failed

The crucial $0.000013 level was not reached by Shiba Inu’s (SHIB) recovery rally attempt, as sellers intervened at significant resistance levels. SHIB remains confined within a multi-month descending triangle, restricting bullish follow-through despite recent upward momentum.

SHIB was rejected on the daily chart at the 50-day EMA (orange line), and it is still capped below the heavier 200-day EMA (black line), which is presently trading close to $0.0000136. A significant obstacle that is keeping SHIB from regaining ground is this confluence of moving averages.

The first significant resistance zone that needs to be broken for a successful breakout is currently the $0.0000128-$0.0000130 region. SHIB remains vulnerable if those levels are not regained. The $0.0000120 level is the downside support, and a deeper floor is forming close to $0.0000115. Bearish momentum may pick up speed if the price moves below this area, possibly pushing SHIB in the direction of $0.0000105, which has served as a safety net several times in 2023 and 2024.

Volume did not follow through on the upside attempt, which is what makes this rejection noteworthy. It appears that large holders are still reluctant to push SHIB higher at this point because the move lacked the kind of strong buying pressure that typically confirms a breakout.

Until Shiba Inu makes a clear break above $0.0000130-$0.0000136, it will continue to consolidate with sellers in the lead. Bulls will need to see more momentum and fresh inflows in order to change the trend. A clean bullish breakout would be frustrating for traders if SHIB does not continue to hover within its triangle structure.

To put it succinctly, strong resistance is obstructing Shiba Inu’s upward trajectory, and unless it transcends the $0.000013 region, the possibility of another pullback is extremely real.

Source link

October 4, 2025 0 comments

Crypto Trends

BTC Nears Record Highs as Total Market Cap Peaks at $4.21T

by admin October 4, 2025

Key takeaways:

Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown.
Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand.
Analysts see resistance near $130,000, with price discovery possible next week.

Bitcoin (BTC) has staged a fierce rally over the past week, climbing 14% to trade a few dollars away from $124,000 from a range low near $108,600 last Friday. This surge could nudge Bitcoin into fresh price-discovery territory above $125,500, as the total crypto market cap pushed above $4.21 trillion, a mark that underscored the broad strength of this rally.

Bitcoin one-day chart. Source: Cointelegraph/TradingView

One surprising catalyst behind this price rise is the US government shutdown and how markets appear to be ignoring it. As federal agencies furlough staff and economic data releases face delays, investor uncertainty is rising.

In these conditions, Bitcoin has directly benefited, rising 8% since the shutdown, with traders positioning around the lack of clear policy direction. The government halt also complicated the Federal Reserve’s decisions since inflation and jobs data could be postponed, heightening speculative flows into crypto.

In comments to Cointelegraph, Bitfinex analysts said,

”Bitcoin’s movement toward a new all-time high appears genuinely organic. We suspect that Trump’s announcement of potentially considering a stimulus cheque for every citizen, funded by tariffs, could also contribute to a further rise in Bitcoin’s price. This could mirror what we witnessed following the Covid stimulus cheques. Meanwhile, steady ETF inflows provide a clear tailwind.”

Referencing macroeconomic conditions in the US, the analysts explained that “macro conditions remain supportive, with inflation easing and the Federal Reserve adopting a more dovish stance, which boosts appetite for risk assets. […] If inflows remain consistent and macro data does not deliver any upside surprises, the path toward more new all-time highs in Q4 appears well supported.”

Onchain BTC buying pressure mounts

Onchain data confirmed the surge is driven by strong demand. Analyst Maartunn noted a taker buy volume spike of over $1.6 billion in one hour across all exchanges.

Meanwhile, the Coinbase Premium Gap, which measures price differences between Coinbase and Binance, rose to $91.86. Analyst Burak Kesmeci explained that US investors are paying nearly $92 more per Bitcoin on Coinbase, signaling strong US-led demand.

Bitcoin Coinbase Premium Gap. Source: CryptoQuant

However, this is the highest premium since mid-August, a level where bullish momentum has historically cooled in 2025.

Related: Bitcoin due for squeeze as record $88B open interest sparks ‘flush’ worries

Price discovery outlook for next week

With Bitcoin pressing near record highs, analysts expected price discovery in the coming week. Crypto trader Jelle noted,

“$120,000 being turned into support today. Hold it over the weekend, and I expect price discovery to resume as early as next week.”

Trader Rekt Capital described this stage as “Phase 3 Price Discovery” of the current cycle, the breakout phase, where new highs get established.

Analyst Skew pointed out that while demand is robust, heavy sell orders cluster around $130,000, making that the next key resistance. The analyst also highlighted the strong US inflows via Coinbase and large “risk-on” positioning on Binance, stressing that the upcoming daily closes will be critical in confirming whether BTC can sustain momentum.

Bitcoin market analysis by Skew. Source: X

Related: Stablecoins break $300B market cap, post 47% growth year-to-date

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Source link

October 4, 2025 0 comments

Product Reviews

Fabulous news everyone: Market analyst says the AI bubble is 17X bigger than the dotcom goldrush, and 4X larger than the subprime bubble that caused the 2008 crash

by admin October 3, 2025

The AI sector isn’t just a bubble, says one senior market analyst: It’s the single biggest bubble the markets have ever seen, the bubble of bubbles if you will, a bubble so large it looms over the entire global economy and leaves Sir Mix-A-Lot breathless.

In unrelated news, the Associated Press has just reported that OpenAI’s valuation has hit $500 billion, making a company that’s never turned a profit into the most valuable startup in history.

One market analyst reckons this tomfoolery has gone far enough, these companies and those who invest in them are about to hit “diminishing returns hard”, and is telling their clients to steer well clear.

Let’s put the argument for AI as briefly as possible: It’s going to change the world on a scale that is currently so unimaginable it could only be described as revolutionary. It will transform industries and economies. And it is only fair to say that AI technologies have achieved some remarkable things that may point in this direction, particularly in the field of medicine.

But that’s the thing. We’re all getting familiar with AI tech in some aspects, whether that’s Gemini shouldering-in on what used to be a perfectly good search engine, the constant wheedling offers it makes about taking notes or summarising conversations, nevermind the endless flood of brain-melting slop on social media. Some of the functionality is neat, some is annoying, but nothing about it feels revolutionary. Not even close.

So do you buy the hype? Up until now investors certainly have, and even governments are rushing to get on-board with the AI revolution. Here in the UK our Prime Minister Keir Starmer, a man with the charisma of an empty pizza box, was somehow galvanised into the creation of “a blueprint to turbocharge AI” for “a decade of national renewal.” Starmer recently met the US President, frabjous day, and the pair announced a “Tech Prosperity Deal” where firms like Google and Microsoft agreed to spend billions building big expensive AI things for themselves in the UK and call it largesse.

All of which is to say: there is a hell of a lot of money riding on AI producing… well, something genuinely transformative in the near future. So much money that, if the bubble bursts, the pop may herald the kind of brutal economic fallout that can define eras.

Even the moneymen are starting to think that something might not pass the smell test here. A new note to its clients from independent research firm the Macrostrategy Partnership goes in with both feet, but I will caveat it: Independent this firm may well be, but it has taken a very firm and conservative stance on AI for a long time.

This note to investors was first reported on by MarketWatch, and written by Julien Garran (who was formerly leader of UBS’s commodities strategy team, so presumably knows what he’s on about).

Garran’s wildest claim is that AI is no mere bubble, but a bubble 17 times larger than the dotcom bubble and four times that of the sub-prime bubble behind the 2008 global crash. The argument is that artificially low interest rates have led to misallocation, economics jargon for money and work being spent in the wrong place and destabilising things because the output, the products or even promises if you will, don’t materialise.

(Image credit: via Getty Images/Yuichiro Chino)

Garran gets to that number with some creative economising using the Wicksellian differential to calculate a GDP deficit that altogether includes AI, real estate, VC investments, and for some reason NFTs. Under this metric the misallocation in a pre-crash 2008 was around 18% of GDP: Garran estimates that this figure could now be an eye-watering 65%.

Analysts naturally find ways (and leftfield differentials) to make the numbers fit their world view, but Garran does highlight some real-world examples of how the AI productivity boom is going. He cites a study where the task-completion rate for AI at a software company was between 1.5% to 34% and, even with the tasks AI was better at, it couldn’t reliably replicate that success over time. There’s a chart from another economist, based on Commerce Department data, suggesting that AI pickup among big companies is declining.

“We don’t know exactly when LLMs might hit diminishing returns hard, because we don’t have a measure of the statistical complexity of language,” says Garran. “To find out whether we have hit a wall we have to watch the LLM developers. If they release a model that costs 10x more, likely using 20x more compute than the previous one, and it’s not much better than what’s out there, then we’ve hit a wall.”

Garran further points out that the audience using LLMs the most are costing these companies more in compute power “than their monthly subscriptions”. And he could’ve added that most of us use them for free. He then comes up with a sentence that is supposed to be a dire warning but just sounds funny, about the bubble bursting and pushing the economy “into a zone 4 deflationary bust on our investment clock.” Not the investment clock dammit!

I should re-emphasise Garran is an AI critic and works for a firm that is telling its clients not to over-invest or even invest in AI. So take everything in that context. This is no truth from on high but it does feel like the mood music around this technology is shifting slightly. Perhaps AI will change the world. Perhaps not like some think.

Source link

October 3, 2025 0 comments

Crypto Trends

Rebounds 6%, Breaks Resistance as DeFi Market Hits Record Size

by admin October 3, 2025

Aave AAVE$291.56, the native token of the largest decentralized finance (DeFi) lending protocol, strongly rebounded from last week’s lows breaking through key resistance levels on Friday afternoon.

The token gained another 2% over the past 24 hours and is up 6% this week. It has established support at the $284-$285 levels, while it’s currently consolidating around $290.

The move occurred as the broader crypto market rallied, with gains across the board and bitcoin BTC$122,498.24 breaking above $122,000, inching closer to its August record high. The broader DeFi market also accelerated, hitting a $219 billion in assets across protocols, a fresh record level, DeFiLlama data shows.

Total value locked across DeFi protocols at record highs. (DeFiLlama)

Deposits on Aave also climbed to a record $74 billion, cementing its top position among DeFi protocols, per DeFiLlama data. The platform enjoyed fresh inflows due to a recent partnership with up-and-coming stablecoin-focused chain Plasma. The Plasma lending market on Aave swelled above $6 billion in less than a week.

Technical Analysis Shows Strong Momentum

Technical indicators point to upside potential despite short-term profit-taking pressure at current levels, the CoinDesk Data research model shows. However, resistance levels hold firm between $290-$294 following repeated rejections.

Price gains 2.33% in 24-hour session.
Trading range spans $15.17 between $279.16 and $294.33 extremes.
Volume spikes to 143,188 units, well above 37,000 average.
Support level confirmed at $284-$285.
Resistance zone established between $290-$294.
Intraday high reaches $290.37 before reversal.
Consolidation pattern develops at current levels.

Source link

October 3, 2025 0 comments

GameFi Guides

Stablecoin Market Cap Surpasses $300B Milestone For First Time

by admin October 3, 2025

While the crypto market is seeing renewed interest, the stablecoin market cap has achieved a major milestone of surpassing $300 billion in market capitalization. The number marks an all-time high for the sector, which is growing tremendously after the GENIUS Act in the U.S. was passed in July this year.

According to data by DeFiLlama, the total value of all stablecoins now sits at $301 billion. This is a 1.84% increase from last week and a 6.5% increase from the last 30 days.

Tether’s USDT has the crown to itself, with it having a dominant market share of 58% and a capitalization of $176.3 billion. Circle’s USDC, which has a 24.5% market share, comes in second with $74 billion. Following USDC is Ethena’s USDe with a capitalization of $14.8 billion and MakerDAO’s DAI with $5.0 billion capitalization at fourth position, respectively.

The rising emergence of stablecoins

There has been a surge in stablecoins over the past few months. A September research report by Citi Group forecasted that the global stablecoin market could be worth $4 trillion by 2030 in a best-case scenario and $1.9 trillion in a base case.

According to Citi, stablecoins could handle up to $100 trillion in transactions each year. Its report says that this is a huge amount, but it’s still not as substantial as the trillions of dollars in transactions that the world’s biggest banks handle on a daily basis. The bank also warned investors that payments between countries take longer because many countries already have fast and cheap ways to pay each other.

Also Read: Coinbase Re-Enters India with Early Access Amid Regulatory Shifts

Source link

October 3, 2025 0 comments

NFT Gaming

Crypto Market Prediction: XRP Ready for $3, Bitcoin (BTC) Can’t Handle It, Is Shiba Inu (SHIB) Ready for $0.00002?

by admin October 3, 2025

Uptober continues with explosive rallies here and there: XRP is readying to break $3, Bitcoin is barely handling the enormous buying support it is facing and Shiba Inu might finally be ready for $0.00002.

XRP can smell $3

Right now, XRP is hovering just below $3, one of the most important resistance levels on its daily chart. Even though the asset has recovered from recent lows thanks to bullish momentum, the technical setup indicates that XRP may soon face a make-or-break moment. On the daily chart, short-term buyers are pushing the price toward the descending trendline resistance as XRP rises back above its 50-day EMA.

XRP/USDT Chart by TradingView

This level is very close to the crucial $3 threshold and has consistently rejected XRP since its peak in July. Selling pressure is particularly strong in this area due to the presence of a distinct downward-sloping resistance line and convergent moving averages. Despite the fact that interest in the asset has returned, the moderate volume indicates that there is not enough explosive confirmation to indicate a real breakout.

The RSI, on the other hand, is at about 55, giving XRP some leeway for growth while simultaneously indicating traders’ caution. Higher levels at $3.20 and $3.50 might become possible if XRP can decisively break through the $3 resistance. The chart does, however, clearly indicate that this zone will serve as a barrier.

If the price does not break $3, it might retrace back toward $2.84 or even lower to $2.61. In the past, XRP has had difficulty holding onto gains above $3 in the absence of powerful catalysts, and the momentum of Bitcoin continues to dominate the market today. If there are no notable volume inflows or fundamental news, XRP might experience yet another severe rejection.

Bitcoin overheating

Bitcoin is on its way to hitting the $120,000 mark. A warning sign for the rally, though, is that Bitcoin is now approaching overbought conditions on a number of time frames, which raises the possibility of a pullback.

Bitcoin has surged above the 50 and 100 EMAs on the daily chart, demonstrating strong momentum following its recovery from support around $112,000. The RSI is currently above 70, indicating that the rally may be ahead of itself, even though momentum is still strong. Although volume has also increased during the surge, indicating that buyers are actively driving prices higher, these parabolic movements frequently result in temporary exhaustion.

BTC/USDT Chart by TradingView

It is interesting to note that increased uncertainty in conventional markets is accompanied by this most recent rally. The U.S. government shutdown this week has caused volatility in the bond and equity markets. Bitcoin has historically done well in these times, and investors have used it as a substitute hedge. Indeed, when the previous U.S. government shutdown occurred, Bitcoin also saw a significant surge as traders sought assets outside of traditional finance.

The key resistance level, which serves as both a psychological barrier and a possible profit-taking zone, is currently at $120,000. The next targets for Bitcoin, if it can cleanly break above this level, are between $124,000 and $126,000. On the downside, the 200 EMA is close to $106,500, which would act as a deeper reset level if momentum wanes and $114,000 provides immediate support.

Shiba Inu’s key confrontation

As it moves closer to the $0.000012 resistance level, Shiba Inu is confronted with one of its most crucial technical moments in months. This level could dictate the token’s course over the next 1-2 months, making it more than just another price checkpoint.

The daily chart shows that, following weeks of sideways consolidation, SHIB has recovered well from support around $0.0000114, regaining bullish momentum. As the price moves closer to the upper limit of its symmetrical triangle pattern, the 50 and 100 EMAs are serving as immediate obstacles.

SHIB is currently testing the $0.000012 zone, which has historically served as both strong support and resistance. A decisive breakout above this level could open the doors to $0.0000136 and $0.000014, aligning with the descending trendline resistance from earlier peaks. During this climb, volume has started to rise, albeit not dramatically, indicating cautious optimism among traders rather than pure euphoria.

The RSI, meanwhile, is slightly above 50, suggesting that the market is balanced and has potential for both upward continuation and correction should momentum wane. The downside risk is a return to the $0.0000114-$0.0000112 support range if SHIB is unable to break through $0.000012 with conviction. The consolidation phase would be prolonged by such a rejection, possibly postponing any breakout attempts until late October or early November.

Given the bullish sentiment on the larger cryptocurrency market, particularly with Bitcoin regaining its higher levels, and October (also known as Uptober) historically favoring rallies, SHIB’s current test is very important. Restoring retail flows into the token and solidifying bullish sentiment could be achieved by a successful breach of $0.000012.

Source link

October 3, 2025 0 comments

NFT Gaming

Market Strategist: What You Should Expect For The XRP Next Leg

by admin October 3, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP has been stuck under $3 for much of the past two weeks and is struggling to build the kind of momentum traders have been waiting for, alongside the rest of the crypto market. That picture has started to change in the past day, as the price began climbing back toward $3.

This shift comes as market commentators are revealing different bullish technical setups, with one of the loudest voices being Altcoin Gordon, who believes the next move for XRP won’t just be higher, but it will be fast and aggressive.

Next XRP Move Will Be Fast And Aggressive

Altcoin Gordon, who has built a reputation for bold commentary on the crypto market, issued an important call for crypto traders on the social media platform X. The analyst didn’t hesitate with words on his post, noting that XRP’s next move is going to be fast and aggressive. According to him, the best course of action now is to be “either positioned BEFORE it happens, or begin for an entry once it does.”

Gordon’s perspective is rooted in how the altcoin has been trading inside a descending triangle on the daily candlestick timeframe chart. This structure has become evident considering that the XRP price has bounced off the same support level about three times since early August. Particularly, the chart setup Gordon points to shows the asset holding a key support around $2.70 multiple times.

Source: Chart from Altcoin Gordon on X

The structure suggests pressure is building, and once the upper resistance trendline gives way, the breakout could come with speed. According to Gordon’s projection on the daily chart, the first stop is breaking above the resistance trendline currently around $3. However, the real acceleration would likely push XRP to $3.6 and above to new all-time highs.

Longer-Term Signals Point Toward Bigger Gains

Gordon’s focus is on the immediate breakout, but his outlook gains weight when combined with longer-term projections from other analysts. For instance, crypto analyst Mikybull Crypto drew attention to XRP’s performance on the three-month candlestick chart, noting that the coin has flipped green for the first time since 2017.

Such signal coincided with the start of the major uptrend in 2017 that pushed the token price to unprecedented price levels at the time. If history repeats itself, its price could be on the verge of something much larger than just a rally to $3 or $3.6. Mikybull’s analysis predicts that the XRP price could reach anywhere between $5 and $15 on the macro uptrend.

At the time of writing, the altcoin is trading at $2.98, having increased by about 4.8% in the past 24 hours. CoinCodex’s algorithm also predicts that XRP will reach above $4 within the next six months, specifically a $4.20 price target. This projection was shared by the official CoinCodex account in a direct response to Altcoin Gordon’s post on X.

XRP trading at $2.98 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

October 3, 2025 0 comments

Crypto Trends

Filecoin (FIL) Rises More Than 4% Amid Wider Crypto Market Rally

by admin October 2, 2025

FIL$2.3890 performed strongly over the last 24 hours with a 4% gain, according to CoinDesk Research’s technical analysis model.

The model showed that the token advanced from a low of $2.25 to a high of $2.38.

Sustained buying pressure persisted despite mid-session volatility around $2.31 support, according to the model.

The recovery pattern reinforced the broader bullish trajectory established throughout the 24-hour period.

On the news front, IoTeX has launched the Real World AI Foundry, a global alliance to create shared standards for AI trained on live data, which Filecoin has joined as an alignment partner, according to a post on X.

The wider crypto market also rose, with the broad market gauge, the CoinDesk 20, up 3%.

Technical Analysis:

FIL posts strong bullish momentum during the 24-hour period advancing from $2.25 to $2.38.
The token established clear support around the $2.31 level with high-volume confirmation during early morning hours.
Resistance emerged near $2.36 with multiple rejections earlier in the day.
Recent price action shows a compelling recovery pattern, as the token broke through resistance at the $2.36 level.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Source link

October 2, 2025 0 comments

Tokenized stocks dominated by only two firms

Crypto Trends

Tokenized stock market dominated by only two players, study reveals

by admin October 2, 2025

The tokenized stock market is expanding fast, yet nearly all activity is concentrated in Backed and Ondo Global Markets, which dominate trading with popular U.S. tech shares and ETFs. While most offerings are synthetic, platforms exploring true ownership are emerging.

Summary

Tokenized stocks are growing quickly, but the market is almost entirely dominated by Backed and Ondo Global Markets.
Most of these tokenized stocks are synthetic, tracking popular U.S. tech shares and ETFs on Ethereum and Solana, while only a few platforms, like Superstate Opening Bell, are experimenting with giving investors true ownership.
The rapid growth shows blockchain can attract investors fast, but the market remains highly concentrated, and questions about legal status, custody, and pricing persist.

The market for tokenized stocks is growing rapidly, yet almost all of it is dominated by just two companies, with Animoca Brands Research reporting that Backed and Ondo Global Markets together account for 95% of the total market value as of September, a level of concentration that is hard to ignore.

Tokenized stocks are digital versions of regular company shares. They let people trade stocks anytime on blockchain platforms like Ethereum and Solana. It makes investing more flexible and accessible.

Tokenized stocks on-chain | Source: Animoca Brands Research

According to Animoca Brands’ research called “State of Tokenized Stocks,” the on-chain market value of tokenized stocks, excluding EXOD, is about $127 million, which is 14 times higher than earlier this year. Including EXOD, which represents tokenized shares of Exodus Movement Inc., the total rises to $342 million.

The growth, according to the report, mostly comes from Backed’s xStocks and Ondo Global Markets.

Backed and Ondo Global Markets have focused on a handful of popular U.S. tech stocks and broad market ETFs like the S&P 500 and Nasdaq 100. By sticking to well-known assets, they make it easy for investors to understand and trade these tokens, the analysts explain, noting that most tokenized stocks are currently traded on Ethereum and Solana. As of press time, there are two main ways to create tokenized stocks:

Synthetic structure: This model tracks the price of a stock but doesn’t give the investor actual ownership rights. Backed and Ondo Global Markets use this approach, allowing investors to see the stock move in value without handling the underlying share directly.
Native issuance: This type gives investors true ownership rights, similar to holding the actual stock. Superstate Opening Bell is trying this model, starting with Galaxy Digital’s GLXY stock. As Animoca Brands Research explains, Backed and Ondo Global Markets are “key tokenization platforms/issuers using synthetic structures, while Superstate Opening Bell is exploring native issuance, starting with Galaxy stock.”

Backed and Ondo Global Markets have stayed ahead because they were first to launch, Animoca says, adding that they picked popular assets and built platforms that are simple to use. But their dominance also shows that the market is still very concentrated. As Animoca notes, together both Backed and Ondo “account for 95% of the market value.” While other platforms are trying to enter, right now, they make up only a small part of the market.

Tokenized stocks on-chain | Source: Animoca Brands Research

The growth of tokenized stocks also shows how new blockchain products can attract investors quickly. Backed’s xStocks and Ondo Global Markets provide exposure to widely recognized companies, which makes it easier for investors to try blockchain trading without taking on too much risk. But it’s not the same thing as native issuance.

Superstate Opening Bell is experimenting with giving investors actual ownership rights, with the report saying this approach might eventually unlock investors ‘true ownership rights.’

Pre-IPO stocks on Solana

Animoca Brands’ report mainly focuses on public stocks, leaving out private companies or other financial products. That matters because other projects are pushing private shares into retail rails. For example, decentralized trading platform Jupiter recently integrated tokenized pre-IPO stocks to its platform through a tie-up with PreStocksFi, allowing users to trade tokens tied to names like SpaceX, OpenAI, and Anthropic on Solana.

Those tokens are issuer-created tradable claims rather than literal company certificates, and some large holders can request redemption for (USDC) under certain conditions. Redemptions usually require KYC and are handled off-chain through the issuer or an SPV, and liquidity is provided on DEXes like Jupiter and Raydium, so retail traders can buy and sell around the clock.

While that setup works in practice, it also raises concrete questions about legal status, custody, and how prices are set when there is no public market for the underlying shares.

Source link

October 2, 2025 0 comments