Tag: Price

  • NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

    NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

    NEAR Surges Amid Nvidia Deal

    • NEAR jumps 11% to $2.98 as Nvidia’s $5B Intel stake sparks AI crypto rally.
    • AI tokens surge with NEAR, TAO, Render and The Graph gaining on chip deal optimism.
    • NEAR eyes $3.6–$4 breakout as AI adoption and bullish charts fuel momentum.

    NEAR Protocol price jumped more than 11% in 24 hours to hit $2.98 amid a broader rally in AI-linked cryptocurrencies.

    The AI token’s uptick aligned with momentum that stemmed from Nvidia’s strategic $5 billion investment in Intel, with Bittensor, Render and The Graph among the top crypto AI gainers.

    Tokens like Aster jumped 500% on Thursday.

    NEAR price retests $2.98 as Nvidia news boosts AI tokens

    NEAR Protocol’s token experienced a sharp uptick, retesting the $2.98 resistance level with an 11% pump.

    This came after the cryptocurrency traded to lows of $2.70 earlier in the week, and the surge aligns with the overall crypto bounce and Nvidia’s announcement of a $5 billion equity stake in Intel.

    This deal, which includes collaborative development of AI-optimized PC and data center chips.

    It’s a move that points to Nvidia’s push to fortify US semiconductor capabilities amid global supply chain tensions.

    The investment arrives at a pivotal moment for Intel, following a $9 billion US government stake via the CHIPS Act and a $2 billion infusion from SoftBank, bolstering Intel’s balance sheet and foundry ambitions without immediate reliance on Nvidia’s manufacturing needs.

    AI tokens surge

    For the AI crypto ecosystem, this move amplifies optimism as the partnership signals the AI chipmaker’s potential to “innovate for customers” as it grows its business.

    NEAR, designed as an AI-native blockchain with sharding technology enabling up to 100,000 transactions per second, stands to benefit if momentum catalyzes price gains.

    The protocol’s Nightshade consensus and tools like Near Tasks for AI agents resonate with Nvidia’s ecosystem, and key integrations may see the altcoin explode further.

    Today’s Nvidia-fueled pump has similarly lifted the AI token sector: TAO climbed 7.7%,RENDER 8%, and The Graph (GRT) 5.9%, per CoinMarketCap data.

    Broader market tailwinds, including Bitcoin’s recovery to above $117,600, have added an uplift to the upswing.

    NEAR’s market cap moved back above $3.7 billion to rank 34th among top cryptocurrencies.

    What’s next for NEAR price?

    NEAR’s trajectory hinges on sustained AI momentum and technical breakouts targeting $3.6.

    Both the RSI and MACD on the daily chart support upside continuation.

    A look at the chart also shows a potential triangle pattern breakout.

    NEAR price chart by TradingView

    While downturn risks include macroeconomic headwinds, such as potential US regulatory scrutiny on AI chips or broader crypto volatility, NEAR has the potential to see levels above $4 in coming weeks.

    The project’s protocol upgrades and global AI adoption trends could allow bulls to target highs of $8.

    On the flip side, primary support could be around $2.62.

    Source link

  • Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange

    Lagrange price rockets 80% amid listing on South Korea’s largest crypto exchange

    Bitcoin Soared Amid Wall Street Gains

    • Lagrange price skyrocketed by over 80% after South Korea’s largest crypto exchange, Upbit, announced trading support.
    • Upbit also listed Lombard, a Bitcoin DeFi protocol.
    • Both BARD and LA tokens pared gains amid rising profit-taking.

    Lagrange (LA), a zero-knowledge (ZK) infrastructure project, saw its price skyrocket by more than 80% following a listing announcement by Upbit, South Korea’s leading cryptocurrency exchange.

    As Upbit’s move sparked widespread interest, LA price reached intraday highs of $0.64 and ranked among the top gainers as it outpaced the likes of Wormhole, EigenLayer and Pudgy Penguins.

    Lombard, another token landing on Upbit, witnessed a sharp spike before swiftly paring gains amid profit-taking.

    Lagrange price soars 80% after Upbit listing announcement

    As noted, upward momentum for Lagrange gained traction with the announcement of its listing on Upbit.

    In an update, Upbit said it would list LA for spot trading against the Korean won, with the BARD/KRW pair available at 19:30 pm local time on Sept. 18.

    Following the news, LA’s price spiked by more than 80%, pushing the token’s value to highs of $0.64.

    LA price had hovered at lows of $0.35 prior to Upbit’s announcement.

    The price surge aligns with historical trends that have seen newly listed tokens, particularly on major exchanges like Upbit, go parabolic amid significant volatility.

    Lagrange price chart by CoinMarketCap

    Upbit also lists the Bitcoin DeFi platform Lombard

    South Korea’s Upbit has also expanded its list of supported cryptocurrencies with the listing of  Lombard (BARD).

    The exchange announced trading support for the native token of the Bitcoin DeFi platform on Thursday, adding trading pairs for BTC and Korean won.

    Upbit’s listing of BARD adds to the growing number of tokens that have found traction on the leading crypto exchange in South Korea.

    Investors interested in leveraging Bitcoin’s stability for DeFi applications will fancy Lombard, which aims to bring Bitcoin-based capital markets on-chain, and rallied amid a confluence of other factors too.

    BARD and LA price outlook

    Lagrange’s zero-knowledge proof generation platform has attracted support from global giants such as Nvidia, ZKSync developer Matter Labs and Polygon.

    Meanwhile, Lombard is a project looking to tap into Bitcoin’s growing DeFi ecosystem. Analysts note that both tokens are riding exchange momentum.

    Nonetheless, volatility may engulf both before a steadier growth trajectory emerges.

    As of writing, LA traded around $0.48, sharply paring gains amid a staggering 1,120% spike in daily trading volume.

    BARD meanwhile hovered around $1.08, again having sharply retreated from its intraday peak of $1.61.

    Analysts expect the buzz around these tokens will cool off and likely add to downward pressure.

    However, the overall broader market sentiment is bullish.

    As such, holding key levels at $0.40 and $1 could be key to LA and BARD’s short term price outlook.

    Source link

  • Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

    Eigen price spikes 33% as EigenLayer leads fresh altcoin rally

    Eigen Price Jumps To Lead Altcoins

    • EigenLayer price hovered around $2.03, up by 33% after breaking to highs of $2.09.
    • The US Securities and Exchange Commission’s move to approve a rules-based listing standard buoyed altcoins.
    • EIGEN price also gained as the Fed cut interest rates,

    EigenLayer (EIGEN) is surging. Its price hovers near $2.03, currently up by 33% in 24 hours as a broader rally boosts altcoins.

    The cryptocurrency market is witnessing a notable resurgence amid the Federal Reserve’s monetary policy decision and a key regulatory win for altcoins.

    EigenLayer price jumps 33% to retest key level

    As most altcoins posted minor gains in early trading on Thursday, EigenLayer’s EIGEN token experienced a dramatic 33% price increase.

    The EIGEN token climbed from lows of $1.50 to hit highs of $2.09, with the sharp uptick marking a significant continuation following a breakout of a descending triangle pattern.

    Some catalysts of the uptick include partnerships and integrations, regulatory developments and macroeconomic indicators.

    For instance, on September 17, 2025, the US Securities and Exchange Commission approved generic listing standards for commodity-based trust shares.

    It means the regulator is adopting a rules-based approach that will streamline the approval process for exchange-traded products on platforms like the NYSE, Nasdaq, and Cboe Global Markets.

    EIGEN gained ground as the Federal Reserve’s rate cut supported broader risk sentiment, while optimism has also been fueled by EigenLayer’s recent partnership with Google.

    In the past 24 hours, trading in the protocol’s native token surged, with volumes topping \$427 million — a 260% jump alongside a sharp pickup in activity.

    Crypto rally: EIGEN leads altcoin surge

    EIGEN’s impressive performance is not occurring in isolation; it is leading a fresh wave of enthusiasm across altcoins, particularly those within the Ethereum ecosystem.

    Tokens associated with layer-2 solutions, DeFi protocols, and restaking mechanisms have seen gains ranging from 10% to 25% in the past 24 hours.

    Ethereum-linked projects are regaining prominence after months of Bitcoin-led momentum, with EigenLayer at the forefront through a string of new partnerships.

    The protocol has recently expanded ties with Moonbeam and Aethir, while also joining forces with Google.

    As part of that collaboration, EigenCloud is serving as a launch partner for Google Cloud’s new Agent Payments Protocol (AP2), underscoring the project’s growing role in Ethereum’s broader ecosystem.

    “AP2 helps create a global verifiable economy where agents can coordinate, transact, and prove their actions to humans and to each other. EigenCloud makes sure they are held accountable by any counterparty,” said EigenLayer founder Sreeram Kannan.

    Other altcoins to rally amid the latest surge include EtherFi and Lido DAO, both boasting double-digit gains in the past 24 hours.

    Polkadot, Bitcoin Cash, Sui and NEAR Protocol are some of the altcoins to outpace the broader market and peers as altcoins signal new momentum.



    Source link

  • CAKE price surges as PancakeSwap adds BTC & ETH predictions

    CAKE price surges as PancakeSwap adds BTC & ETH predictions

    PancakeSwap Price

    • PancakeSwap price jumped 6% to above $2.66 before slightly paring gains.
    • CAKE price has surged following the launch of BTC and ETH predictions.
    • A technical breakout and broader market sentiment suggest CAKE is on course for fresh gains.

    Decentralised exchange protocol PancakeSwap has seen its token CAKE surge amid increased volume as the DEX benefits from integration of Bitcoin and Ethereum into its Predictions Markets platform.

    CAKE price reached highs of $2.75 as trading volume rose 185% to over $129 million.

    PancakeSwap price rises as BTC & ETH predictions go live

    PancakeSwap’s token CAKE rose after the DEX platform officially launched its highly anticipated BTC and ETH Predictions feature on BNB Chain.

    According to details in a blog post, this move allows users to engage in price prediction markets for the two largest cryptocurrencies by market capitalisation.

    This is available directly from within the PancakeSwap platform’s ecosystem.

    The feature enables participants to forecast whether the prices of these assets will rise or fall over specified time frames.

    Participation typically ranges from minutes to hours, thus adding a layer of speculative excitement to the DeFi space.

    PancakeSwap’s predictions mechanism operates on a binary outcome model, where users stake CAKE tokens on their predictions.

    Successful forecasters earn rewards from the collective pool, while incorrect bets result in losses to the same pot, ensuring a balanced and engaging marketplace.

    This integration builds on PancakeSwap’s existing prediction tools, which previously focused on BNB Chain-native assets, but now extend to major cross-chain heavyweights like Bitcoin and Ethereum.

    As BTC and ETH “go live” on Predictions, PancakeSwap has reported a sharp uptick in platform activity.

    Trading volumes for prediction markets have seen a notable spike, while total value locked has increased to over $2.42 billion.

    CAKE is benefiting from the enhanced liquidity and interoperability, as well as broader market gains.

    CAKE price signals major rally

    In the three days following the BTC and ETH predictions launch, CAKE price saw a decent surge to $2.66.

    However, bulls failed to hold onto gains, and prices dropped to $2.43 before widespread gains across cryptocurrencies helped the PancakeSwap price rally.

    PancakeSwap price chart by TradingView

    The token’s utility in predictions, where CAKE is the primary staking asset, has contributed to the past 24 hours of price uptick.

    A look at the technical indicators, including the Relative Strength Index (RSI), give buyers an upper hand.

    The MACD is also hinting at a bullish and broader market sentiment is positive.

    In this case, bulls will target December 2024 highs of $4.20.

    However, if bears stand strong, they could aim for the key support area around $1.60.

    Source link

  • Avalanche price: AVAX holds $30 level as bulls target channel breakout

    Avalanche price: AVAX holds $30 level as bulls target channel breakout

    • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
    • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
    • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

    Avalanche price eyes breakout above $30

    While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

    The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

    It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

    Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

    Avalanche price chart by TradingView

    From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

    While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

    Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

    The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

    Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

    Bitwise AVAX ETF filing and Fed decision

    Compounding the technical optimism are recent regulatory and macroeconomic trends.

    One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

    This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

    VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

    Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

    The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.



    Source link

  • Bitcoin price braces for liftoff: Can a Fed’s rate cut spark a $200K rally?

    Bitcoin price braces for liftoff: Can a Fed’s rate cut spark a $200K rally?

    Bitcoin price braces for liftoff

    • Fed rate cut hopes fuel optimism for a powerful Q4 Bitcoin price rally.
    • Whales, ETFs, and PayPal integration boost institutional demand.
    • Analysts see BTC hitting $140K–$200K this year, with $250K possible if flows persist.

    Bitcoin is once again at a crossroads. After touching an all-time high of $124,128 in August, the price of the world’s largest cryptocurrency has pulled back to trade just below $115,000.

    But the pullback has done little to dampen enthusiasm.

    With a Federal Reserve interest rate cut now widely expected, optimism is building that Bitcoin could be gearing up for its next explosive leg higher, possibly toward $200,000 and beyond.

    Over the recent days, the price has been stuck in a narrow band between $114,000 and $116,000 for the past week.

    Market analysis hints at $115,000 being a critical resistance level that will shape the next major move.

    According to analysts at CoinLore, if Bitcoin clears $116,000 and holds above $117,500, it could unlock a rally toward the $122,000–$130,000 range in the short term and $135,000 or even $140,000 in the long term.

    Fed decision looms large

    Notably, the immediate catalyst for a BTC price breakout could come as soon as September 17, when the Fed is expected to cut interest rates.

    Lower borrowing costs generally boost liquidity and favour risk assets such as crypto.

    Sean Dawson, head of research at Derive, in a note to investors, told investors that the market is “only halfway through what could be a very powerful Q4 rally.”

    He predicts Bitcoin’s price could reach $140,000 by year-end, with $200,000 as a conservative cycle peak if institutional flows continue.

    Options data supports this bullish trend with Deribit showing heavy open interest clustered between $140,000 and $200,000 for December contracts, with calls outnumbering puts.

    At the same time, US spot Bitcoin exchange-traded funds (ETFs) have seen $2.3 billion in inflows over the past five days, underscoring robust institutional demand.

    Whales and institutions step in

    On-chain data indicates that whales have resumed accumulation, adding to the buying pressure. Stablecoin liquidity and steady ETF inflows are providing additional fuel.

    Volatility, however, remains likely because the market depth near resistance is thin, although whales and large holders could anchor Bitcoin’s next surge.

    Institutional positioning is also strengthening, with PayPal recently announcing plans to integrate Bitcoin (BTC) and Ethereum (ETH) into its revamped peer-to-peer (P2P) payment system, allowing users to send crypto across PayPal, Venmo, and other wallets.

    PayPal’s move signals a step toward mainstream adoption and adds to the narrative that Bitcoin is becoming more deeply embedded in global payments.

    Galaxy Digital’s Mike Novogratz signals an altcoin season

    While Bitcoin consolidates, altcoins are drawing attention.

    Galaxy Digital’s Mike Novogratz argues that the “real fireworks” are in alternative assets and corporate treasuries tied to coins like Solana (SOL).

    Novogratz pointed to Forward Industries’ $1.6 billion raise as evidence of fresh institutional capital flowing into crypto outside of Bitcoin.

    Even so, Novogratz insists Bitcoin remains “digital gold” with a long-term trajectory that points higher.

    Wall Street’s interest is also growing, with Nasdaq recently filing to list tokenised versions of stocks and ETFs on-chain, while SEC Chair Paul Atkins has pledged to “move all markets on-chain.”

    Together with faster, more secure blockchains, the regulatory pivot is laying the groundwork for broader adoption across traditional finance.

    So, can Bitcoin’s price really hit $200,000?

    Despite an 8% pullback from August’s high, sentiment remains firmly bullish.

    Industry voices from Arthur Hayes to analysts at Bitwise, Bernstein, and Standard Chartered have all predicted Bitcoin will reach at least $200,000 this cycle.

    Hayes goes further, projecting $250,000, while Coinbase CEO Brian Armstrong sees the possibility of $1 million Bitcoin by 2030.

    Sceptics, however, warn that heavy leverage in derivatives and potential whale sell-offs could spark turbulence.

    But falling rates, strong ETF inflows, and corporate adoption are fueling expectations that this is not the cycle top.

    Instead, traders and institutions alike are preparing for Bitcoin’s next move, with $200,000 now firmly in view.



    Source link

  • STRK price soars 7% as Starknet officially starts Bitcoin staking integration

    STRK price soars 7% as Starknet officially starts Bitcoin staking integration

    STRK price soars 7% as Starknet officially starts Bitcoin staking integration

    • The upgrade allows Bitcoiners to participate in Starknet’s consensus.
    • The L2 has reduced the unstaking period to 7 days to enhance flexibility for stakers.
    • STRK has gained more than 2% following the announcement.

    Cryptocurrencies traded cautiously on Monday while bracing for this week’s interest rates decision, poised to shape the markets’ trajectory in the upcoming sessions.

    Bitcoin hovers near $116,000 as Ethereum’s stability above $4,600 fuels altcoin season debates.

    Meanwhile, L2 platform Starknet has finally launched Bitcoin staking.

    The team has briefly paused the staking platform to finalise implementation before its official release in the coming hours.

    The announcement read:

    The BTC staking integration has started! The staking protocol is now paused for a few hours while we implement this massive update.

    With this move, the Ethereum-based Layer2 enables Bitcoin holders to participate in Starknet’s consensus for the first time.

    The L2 focuses on ZK rollups and scalability, and integrating BTC staking reflects its dedication to decentralisation and chain-to-chain partnerships.

    Native STRK turned bullish after the announcement.

    The digital token rallied from $0.1299 low to $0.139 intraday peak.

    That translated to an over 7% increase, demonstrating renewed interest in Starket’s ecosystem.

    Starknet integrates BTC staking

    The announcement highlighted that BTC will account for 25% of Starkent’s consensus power, whereas STRK dominated at 75%.

    That guarantees balances while attracting more stakers.

    Meanwhile, the staking protocol will support several BTC wrappers, including WBTC, tBTC, SolvBTC, and LBTC.

    The community would vote for more options in the future through governance proposals.

    That means the staking model can transform as Starknet’s BTC staking network grows.

    The team has temporarily halted its staking protocol to onboard the upgrade.

    Unstaking period reduced to 7 days

    The upgrade comes with multiple good news.

    One of the most striking adjustments is the substantial reduction of unstaking from 21 days to seven days for STRK and BTC stakers.

    The improved exit time remains paramount for participants who value responsiveness in a fast-paced crypto market.

    Users can react to price fluctuations quickly with a reduced lock period.

    That will likely lead to new money-making opportunities, consequently boosting Starknet’s liquidity.

    Flexible unstaking solves one of the main challenges for stakers.

    Thus, Starkent can expect enriched TVL in the coming times.

    What it means for Starknet and DeFi

    The BTC staking launch could make Starkent a more attractive platform for cross-chain decentralised finance (DeFi) undertakings.

    Notably, the L2 moves to tap into Bitcoin’s staggering liquidity base with plans to channel it into dApps built within the STRK ecosystem.

    DeFi developers can leverage the BTC liquidity to build innovative lending platforms, yield strategies, and derivatives markets.

    While most comments were positive, one X user criticised Starknet’s upgrade.

    He believes that the BTC staking launch renders STRK worthless for holders.

    “So STRK ends up as inflation fuel; printed to pay devs and now to reward wrapped BTC stakers? Where’s the actual value left for STRK holders?

    Nevertheless, Starknet promises to democratise the DeFi landscape by tapping Bitcoin’s robust liquidity.



    Source link

  • Sui price rises as broader crypto market bounces

    Sui price rises as broader crypto market bounces

    • Sui price is poised above $3.60 as bulls target key level.
    • The SUI all-time high price is around $5.35 and achievable as Sui total value locked hits $2 billion.
    • Bulls eye $4.12 resistance, while bears target $3.20 if momentum weakens.

    Sui price has a modest increase over the last 24 hours, but has reached highs of $3.70 as the broader crypto market signals an upward rally.

    Coins such as Ethena, Pendle and Ondo have gained significantly amid Bitcoin’s retest of $115k and Solana’s breakout to $240.

    As the 24-hour trading volume holds around $949 million, the SUI price looks poised for an uptick towards its all-time high above $5.35.

    Decentralized finance and web3 adoption growth see Sui’s position as a frontrunner, potentialy setting the stage for the native token’s surge.

    Sui price surge- what’s fueling bulls’ momentum?

    Sui overcame a network setback in early 2025 when an ecosystem project got hacked.

    The token has since bounced off lows of $1.91 to retest highs of $4.32.

    The Move programming language project has gained attention due to its scalability and interoperability, putting it among the top coins attracting buyer attention.

    While Ethereum and Solana dominate altcoin sentiment, the technical outlook for SUI is setting up bulls for a retest of its ATH.

    Developer activity, daily active wallets and DeFi TVL surge all point to Sui’s strength.

    There are also ecosystem expansions, including the integration of zkLogin for seamless user onboarding.

    As well, Sui has boasted initiatives like the Strategies yield aggregator that amassed millions of dollars in deposits within weeks.

    Sui’s focus on gaming, NFTs, and DePIN projects has diversified revenue streams, with a stablecoin market cap jumping above $793 million.

    Network revenue has increased too, while platforms such as Suilend, NAVI and Bluefin are helping to push the total value locked in Sui protocols across DeFi to over $2 billion.

    The crypto market’s attraction for Wall Street amid a scramble for digital asset treasuries is another catalyst for the Sui price.

    SEC’s impending approval of new crypto exchange-traded funds, including filings for Sui, has also buoyed bulls.

    What’s the price outlook for SUI?

    With multiple signals converging to suggest a breakout above key resistance levels in the near term, trading above $3 is crucial for SUI.

    It may be the step buyers need to maintain a bullish long-term trend.

    Relative Strength Index hovers at 55, and reflects a neutral momentum that gives room for further growth before bulls hit the overbought territory.

    The Moving Average Convergence Divergence also supports an upward run with a bullish crossover.

    Sui price chart by TradingView

    A look at the chart suggests $3.70 is a key level, and breaking the immediate $4.12 resistance could trigger a measured move to $5.

    The all-time high is within range above this level.

    Conversely, a bearish flip will bring Sui price to support around $3.20. Bears may also target buyers’ safety net around $2.61, should any pullback activity strengthen.

    Source link

  • Ondo surges as RWA growth fuels price rally

    Ondo surges as RWA growth fuels price rally

    Ondo Finance Price

    • Ondo (ONDO) price hovered above $1.00 as bulls looked to break from a downtrend.
    • The real-world asset tokenization platform’s traction and milestones in total value locked have aligned with gains.
    • Ondo Finance is one of the leading RWA platforms in the market.

    With ONDO trading to an intraday high above $1.13 with a 5.8% gain over the past 24 hours, buying pressure may see bulls target a breakout above $1.2 and aim for $2.00.

    This outlook and surge coincides with Ondo Finance’s TVL soaring to over $1.5 billion as the RWA market rallies..

    Ondo TVL hits $1.5 billion amid RWA traction

    The Ondo token jumped to $1.13 on Friday, with gains taking it to its highest level in over a month.

    Ondo bulls have rallied 16% in the past week, cutting monthly losses and allowing for a potential technical breakout after breaking its downtrend.

    Per DeFiLlama, this has come as Ondo Finance’s TVL rose, and it crossed the $1.5 billion mark to reach highs of $1.57 billion.

    The protocol’s accelerating role in the RWA sector has helped this outlook, with Ondo’s tokenized products key to the growth.

    Surging demand for Ondo’s flagship products, such as OUSG, a tokenized short-term US Treasury fund, and USDY, a yield-bearing stablecoin, are the main drivers.

    Upside for RWA tokens has elevated the market cap for these assets to over $75 billion, while adoption of tokenized assets has pushed RWA onchain value to more than $29 billion.

    According to RWA.xyz, Ondo’s OUSG and USDY account for about $1.4 billion, with $729 million and $657 million in the two assets respectively.

    Ondo’s TVL achievement and RWA traction aligns with a surge in demand for tokenized asset investment opportunities across Wall Street.

    Ondo price targets $2 amid potential technical breakout

    The TVL surge has ignited bullish sentiment for ONDO, with analysts eyeing a price target of $2 in the short term.

    Having aggressively bounced from recent lows, the breakout to above $1 gives buyers the upper hand.

    In this case, further gains will allow them to target Ondo’s all-time high of $2.14 set in December 2024.

    Ondo price chart by TradingView

    However, bulls may first have to navigate initial robust resistance around $1.14.

    If this works, a potential rally to above $2  and the target of $2.4 could follow.

    Bulls will be helped by the broader market conditions, regulatory shifts and institutional endorsements.

    The collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund speak to this possibility.

    The ascent to $1.5 billion in TVL aligns with Ondo DeFi’s maturation, including in bridging yield-generating assets with blockchain efficiency. Global potential of RWAs is another likely catalyst for Ondo.

    Source link

  • Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    • Bitcoin has surged back above $115,660 amid a powerful rally.
    • The move is fueled by a massive $757 million net ETF inflow in one day.
    • Traders are now pricing in a 92 percent chance of a Fed rate cut next week.

    The slumbering giant has awakened. Bitcoin has roared back to life, surging past the critical $115,660 level in a powerful display of force, fueled by a perfect storm of renewed institutional hunger and a macroeconomic landscape that is increasingly tilting in its favor.

    The move marks a decisive break from the summer’s stagnation, with a torrent of capital now flooding into the asset as the market braces for a pivotal policy shift from the Federal Reserve.

    The institutional stampede

    The clearest and most powerful catalyst for the rally is the dramatic return of institutional buyers. On September 10, US spot Bitcoin ETFs recorded a staggering $757 million in net inflows, the single strongest daily intake in eight weeks.

    This brings the total for September to an impressive $1.39 billion, a clear sign that the voracious appetite that drove the market to all-time highs is back.

    This institutional stampede was broad-based, with all twelve US spot Bitcoin ETFs recording inflows.

    The charge was led by Fidelity’s FBTC, which absorbed over $156 million, and Ark’s ARKB, which took in $84 million. The renewed conviction was also visible in the futures market, where open interest rose a formidable 6.6 percent to $43.3 billion.

    The shifting sands of the macro landscape

    This flood of institutional capital is being met with an increasingly favorable macroeconomic tide. A volley of conflicting but ultimately dovish economic data has all but cemented the case for a Federal Reserve interest rate cut next week.

    While the Consumer Price Index (CPI) came in slightly hot, it was completely overshadowed by an unexpected drop in the Producer Price Index (PPI) and a spike in initial jobless claims to their highest level since October 2021.

    This combination of cooling wholesale inflation and rising labor market stress has traders now assigning a commanding 92 percent probability to a quarter-point Fed cut next week, according to the CME FedWatch tool.

    A glimpse of the supercycle?

    While the short-term picture is being driven by flows and Fed hopes, a far more dramatic story is being sketched out on the long-term charts.

    From a structural standpoint, Bitcoin’s weekly chart is displaying two powerful inverse head-and-shoulders patterns, formations that have technical analysts buzzing about the dawn of a new supercycle.

    The smaller pattern, confirmed after July’s breakout, projects a target near $170,000. A much broader formation, which dates back to 2021, remains active and points to an almost unbelievable long-term target of $360,000.

    While these are just technical projections, they are adding a powerful layer of long-term bullish conviction to the short-term speculative fervor.

    The great rotation

    The rally’s strength is further amplified by a clear and significant rotation of capital within the crypto ecosystem itself.

    While Bitcoin ETFs are flourishing, their Ethereum counterparts are bleeding. ETH-focused ETFs have seen $668 million in outflows in September, a stark divergence that underscores a clear market preference for Bitcoin in a macro-driven environment.

    While other large-cap tokens are mixed, the message from the institutional world is clear: in this new chapter of the bull market, the king is reclaiming his throne.

    Source link