Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Trump reiterated calls for $1 million Bitcoin but said the vast majority of market participants still don’t understand digital money.

Crypto analyst and macroeconomist Alex Krüger thinks the market looks ugly enough to turn bullish.

On Saturday, Krüger wrote on X, that “most crypto charts now look so broken and bearish that it’s bullish.” He argued that when price action looks this bad, the panic has usually gone far enough that a reversal may not be far behind.

The bearish charts

Krüger attached a series of charts from Binance and derivatives dashboards.

They included bitcoin (BTC) and ether (ETH) spot price charts, both of which had fallen below short-term upward trendlines, creating a technically bearish picture. He also posted a solana (SOL) chart that showed relative resilience compared with BTC and ETH.

Alongside those, he shared BTC-USDT and ETH-USDT derivatives charts, which combined futures indicators — such as funding rates and long liquidations — with options metrics like skew. Together, they showed traders had turned heavily defensive.

Liquidations and leverage reset

In his post, Krüger said long liquidations had been “significant,” especially in “the last two rounds after the close today.”

In futures markets, traders can borrow to take bullish bets. When prices fall, their collateral gets wiped out and exchanges automatically close positions. This kind of forced selling pushes prices down further in a cascade. Once it’s over, however, markets can stabilize because the excess leverage has already been flushed out.

Majors under pressure, alts steadier

The analyst also highlighted that bitcoin and ether absorbed most of the selling, while many altcoins had already stopped crashing earlier in the day. Normally, smaller tokens collapse after majors, not before them.

For Krüger, that divergence is “often a sign of upcoming strength,” suggesting panic selling may be winding down.

Krüger told followers to “check the skew,” noting that puts were much more expensive than calls. In options markets, that imbalance signals defensive positioning and heightened fear.

For contrarians like Krüger, one-sided fear often precedes a rebound, because if everyone is already hedging, there are fewer sellers left to push prices lower.

The FOMC catalyst

While he is “bullish into next week,” Krüger said he doesn’t expect strong trends to develop until after the Federal Reserve’s next policy meeting.

The Federal Open Market Committee (FOMC) meets Sept. 16–17, with a rate decision and press conference at the conclusion on Sept. 17.

He expects the Fed to cut interest rates, which he argues is “not fully priced in.”

Lower rates reduce the cost of borrowing and often add liquidity, which can boost demand for risk assets like crypto.

The cycle view

Krüger emphasized that this is not the end of the cycle, even if prices fall further in the short term. At the same time, he does not expect the kind of euphoric “blow-off top” that has marked past crypto bull markets.

The one exception, he said, could be SOL, which continues to attract inflows from new decentralized treasuries deploying capital on the network.

For Krüger, the setup is straightforward: charts look ugly, liquidations are behind, options pricing screams fear, and the Fed decision looms. His message was simple — the time to bet on upside is when panic is loudest, not when celebrations begin.

Web3 startups raised $9.6 billion in venture funding during the second quarter of 2025, making it the second-largest quarter on record, even as the number of deals fell to multi-year lows, according to a new report by Outlier Ventures.

The research by the London-based venture capital firm could present a maturing market in which investors are putting more money into fewer projects.

The findings suggest that Web3 fundraising is evolving from hype-driven activity toward targeted, durability-focused investment, with investors favoring foundational infrastructure and proven teams over volume.

Only 306 deals were disclosed in the quarter, the lowest since mid-2023, but the median deal size rose across every stage. Outlier said this reflects a shift from broad, speculative investing to strategic, high-conviction allocations.

Series A funding, which had slowed sharply during the bear market, staged a comeback. The median Series A round grew to $17.6 million, with 27 deals totaling $420 million, the largest since 2022. Seed funding also picked up, with a median size of $6.6 million.

Token fundraising painted a split picture. Private token sales raised $410 million across just 15 deals—their strongest showing since 2021, while public token sales slumped 83% to $134 million, underscoring waning appetite for retail-focused offerings.

Sectors such as cryptocurrency infrastructure, mining and validation, and compute networks saw the largest rounds, with medians ranging between $70 million and $112 million. Consumer-facing sectors, such as marketplaces, trailed significantly.

“Capital is consolidating around the projects that can provide the rails for the next phase of adoption,” Outlier wrote, adding that infrastructure-first bets are viewed as “indispensable” to Web3’s long-term growth.

HKU's move to accept Bitcoin for tuition could accelerate digital currency adoption in education, enhancing Hong Kong's virtual asset hub status.

The post Hong Kong University’s business school considers accepting Bitcoin for tuition and donations appeared first on Crypto Briefing.

Reddit's shift in royalties to artists may enhance creator incentives but could limit platform-driven NFT innovation and community growth.

The post Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists appeared first on Crypto Briefing.

El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records.

The country transferred 6,274 BTC — roughly $678 million at current prices — out of a single address and into 14 separate addresses, with each new address holding up to 500 BTC.

Split Wallets To Limit Exposure

Based on reports from the Bitcoin Office, the move was meant to reduce the impact of any future quantum breakthrough.

Officials said the shift was a simple, defensive step. Once funds are spent from a Bitcoin address, the address’s public key becomes visible on the blockchain.

That public key, people warn, would be the target if quantum machines ever reached the ability to solve elliptic curve cryptography.

El Salvador is moving the funds from a single Bitcoin address into multiple new, unused addresses as part of a strategic initiative to enhance the security and long-term custody of the National Strategic Bitcoin Reserve. This action aligns with best practices in Bitcoin…

— The Bitcoin Office (@bitcoinofficesv) August 29, 2025

According to Project Eleven, 6 million Bitcoin — worth around $650 billion — could be exposed if such a capability ever arrived.

The math behind the concern is clear: Bitcoin private keys use 256-bit values, and current quantum systems running Shor’s algorithm have not even cracked a three-bit key.

Quantum Risk Is Largely Theoretical

Experts say practical quantum attacks on Bitcoin are not imminent. Project Eleven and other researchers emphasize that the threat remains theoretical for now.

No public quantum computer has demonstrated the power needed to threaten modern cryptography.

Michael Saylor commented in June that warnings about quantum attacks are overblown and that if a real threat appeared, upgrades to Bitcoin software and the hardware ecosystem would be implemented.

The argument follows a simple logic: software and hardware can be changed; cryptography can be upgraded. That does not make the risk zero. It only puts the danger far down the timeline for most observers.

The technical point driving this action is straightforward. When coins leave an address, the blockchain reveals the public key connected to the private key used to sign that transaction.

If a powerful enough quantum computer later appears, that public key could, in theory, be used to derive the private key and drain the address.

By spreading funds across 14 addresses, El Salvador reduces the maximum amount exposed if any single wallet is compromised after spending.

Custodians and large holders may take notice of low-cost steps. The move is small in operational cost but large in symbolism.

Other governments, exchanges, and big holders keep watching cryptography advances; splitting large holdings is one straightforward technique they can use without changing how Bitcoin itself works.

Featured image from Unsplash, chart from TradingView

In the dynamic financial sector, Bitcoin ETFs are rapidly gaining ground against their gold counterparts, with inflows pushing total assets under management toward record highs. Bitcoin ETFs are set to overtake gold ETFs in total assets under management.

Bitcoin ETFs Cement Role As Institutional Gateway To Crypto

Bitcoin Exchange-Traded Funds (ETFs) are on the brink of making history globally. In an X post, the Kobeissi Letter, an industry-leading commentary on global capital markets, has revealed that BTC ETFs are on track to surpass Gold ETFs in assets under management (AUM) for the first time in history, marking a historic milestone in global markets. Over the past 12 months, AUM in the largest cryptocurrency ETFs has doubled to $150 billion, while gold ETFs have climbed 40% to a record of $180 billion.

The comparison highlights how rapidly momentum has shifted. Just three years ago, gold ETFs were five times larger than Bitcoin ETFs. Presently, with accelerating inflows into digital asset products, that gap is narrowing at a historic speed. 

If current trends continue, Bitcoin ETFs could surpass gold ETFs as early as next year. This is a symbolic flip that underscores the rise of crypto from speculative asset to mainstream portfolio allocation.

Lately, ETFs are proving to be the engine behind the current crypto bull market. According to Ucan_Coin, BlackRock, the world’s largest asset manager, oversees nearly 2,000 funds, with about 1,400 of them being ETFs. Clients buy into these funds, while BlackRock earns fees on the assets under management.

However, the Bitcoin Spot ETF fee is just 0.25%, but the power lies in scale and liquidity. Over the last two years, ETFs have provided the critical fuel for this rally, with nearly 20% of all liquidity entering crypto now flowing directly from ETF products.

As Ucan_Coin highlights, BlackRock’s IBIT stands out. As the chart demonstrates, IBIT is the locomotive pulling the entire market, driving inflows and setting the pace for the broader bull run.

ETF Inflows Signal Rising Institutional Appetite For Bitcoin

The US spot Bitcoin ETFs are gaining remarkable momentum, while generating $5 to $10 billion in daily volume on their most active trading days. Pushpendra Singh, Co-founder of PushpendraTech and SmartViewAi, has explained that this surge is a clear sign that institutional investors are increasingly seeking regulated exposure to Bitcoin, and ETFs are rapidly becoming their preferred gateway.

Despite the ETF boom, Binance continues to dominate the spot market, processing between $10 to $18 billion in daily spot volume and holding a 29% market share. This is more than double the 13% market share currently held by US-based ETFs, and it puts Binance comfortably ahead of other major exchanges in terms of liquidity.

The following is a guest post and opinion from Slavik Baranov, CEO at STON.fi Dev.

From Gaming Phenomenon to Financial Ambition

In 2024, the TON blockchain became one of the most talked-about ecosystems in crypto — not because of a groundbreaking DeFi protocol, but thanks to the meteoric rise of viral tap-to-earn games on Telegram. Titles like Hamster Kombat and Notcoin drew millions virtually overnight, pushing daily active wallets to nearly 2 million by September.

The surge proved TON can onboard users at a pace few blockchains can match. But it also exposed the fragility of hype-driven adoption: many players came for quick rewards and left when incentives ended. Speculative capital — fluid and opportunistic by nature — followed the same path.

Games showed TON’s reach. But they were never meant to be the foundation of a financial revolution.

The Lasting Impact of the Hype Cycle

The post-game cooldown wasn’t a collapse; it was a reset. In January 2024, before the gaming boom, TON averaged 26,000 daily active wallets. After the dust settled, activity stabilized at 100,000–200,000 — a multiple of its pre-hype base.

Even more importantly, developer and user inflows seeded growth across the ecosystem. The number of DeFi protocols on TON rose from 35 to 67 in 2024 — a 91% increase. This expansion reflects a gradual shift in focus from short-lived promotions to enduring financial infrastructure.

Building TON’s DeFi Landscape

TON’s DeFi sector now spans token swaps, staking, and lending. In early 2024, EVAA launched as the first lending protocol. By late summer, AMM protocol STON.fi had reached nearly $400 million in liquidity. Today, the leaders by total value locked (TVL) are the liquid staking protocol Tonstakers and the swap protocol STON.fi, reflecting user preference for core, high-liquidity services.

Fueled by gaming-related excitement, total value locked (TVL) across the network peaked at $1.1 billion in July 2024. But as incentive programs ended, TVL declined to around $600 million by early 2025 and now stands near $400 million.

These movements suggest that part of TON’s liquidity was influenced by short-term market dynamics. Funds tended to flow in during periods of attractive yields and gradually taper off as those opportunities diminished.

By the end of 2024, TON had nearly 38 million addresses, yet new wallet creation fell sharply — from 724,000 daily in autumn to just 33,000 in early 2025. Meanwhile, staking emerged as a safe haven: around 790 million TON are currently staked, concentrating liquidity in lower-risk, base-layer protocols.

Why the Revolution Hasn’t Happened Yet

Compared with Ethereum or Solana, TON’s liquidity depth and range of products are still developing. Part of this difference stems from its underlying design. TON’s architecture was created with massive scalability in mind, leading to technically elegant but more complex infrastructure for developers.

Smart contracts on TON use a low-level language, and many core components require building from the ground up, which may have contributed to a more gradual pace of DeFi development in its early years.

The trade-off? Low-level development can produce more efficient, resilient solutions over time. TON’s core team is actively reducing friction for builders, paving the way for faster growth.

Another factor is ecosystem dependence on Telegram. On one hand, this integration gives TON direct access to over 1 billion users and tangible utility — since 2024, Telegram channel owners have been able to receive ad revenue payouts in TON. On the other hand, it creates a single point of exposure: any disruption in Telegram instantly impacts TON.

For now, many average users still see Telegram mini-apps as casual games rather than financial tools. Without broadening beyond entertainment use cases, TON’s appeal to institutional capital remains constrained.

Unlocking TON’s DeFi Potential

The path forward is clear: expand beyond hype cycles and deliver mass-market financial services seamlessly integrated into the Telegram experience.

This could mean:

• Frictionless payments — sending crypto in a Telegram chat as easily as a text message.
• Everyday utility — paying for goods, services, or restaurant bills in TON-based tokens.
• Accessible lending — offering microloans and credit solutions in regions underserved by banks.

If executed well, these use cases could transform TON from a viral gaming phenomenon into a primary interface for global crypto adoption.

Signals of Institutional Confidence

Institutional investment is already validating TON’s potential. In March 2024, major players including Sequoia Capital, Draper Associates, Kingsway, CoinFund, Ribbit, and Skybridge invested in Toncoin.

In January 2025, Zodia Custody (a subsidiary of Standard Chartered) announced support for TON’s Jetton token standard, enabling banks and large investors to securely hold and manage TON assets. And in July 2025, The Open Platform — a developer of Telegram-based protocols and apps built on TON — secured $28.5 million at a $1 billion valuation from leading funds Ribbit Capital and Pantera Capital.

Conclusion: From Potential to Reality

The explosive growth of 2024 proved that pairing Telegram’s reach with blockchain’s capabilities can move markets. But true transformation will come only when TON evolves from a hype-fueled onramp into a robust financial ecosystem.

The fundamentals are in place: a growing developer base, improving infrastructure, and unprecedented distribution through Telegram. If TON’s DeFi sector can simplify the user experience and deliver essential, in-demand services where users already are, it won’t just participate in the future of digital finance — it could help define it.

The post Is TON’s DeFi ready to lead a true financial revolution? appeared first on CryptoSlate.

U.S. tech stocks came under pressure on Friday, driven by concerns about the rapid pace of investment in AI and a series of disappointing earnings reports in the semiconductor sector. The Nasdaq Composite fell 1.2%, closing out a week in which the tech-heavy index struggled to maintain recent highs.

Semiconductor sector hit hard

Among the notable tumblers, Marvell Technology plunged nearly 19%, resembling Bitcoin’s early days, after revealing that its data center revenue had failed to meet market expectations.

The stock was downgraded from “buy” to “neutral” by Bank of America in response to these earnings. Meanwhile, Nvidia, whose market capitalization makes it the largest listed semiconductor company globally, dropped 3.3% on Friday.

The company flagged ongoing uncertainty in its sales to China, largely due to U.S. export restrictions impacting its AI chips.

For the week, Nvidia shares fell 2.1%, marking their steepest weekly decline since May. Broader weakness in chipmakers dragged the Philadelphia Semiconductor Index to its lowest point since mid-April.

The S&P 500 also retreated, down 0.6% for its largest single-day drop of the month, though it still managed to finish August up 1.9%. The tech stocks selling is likely attributed to investors taking profits near month-end, especially after a hot August when technology shares led markets to record levels.

Tech stocks overheated and China uncertainties loom

Despite the hundreds of billions of dollars of investment already poured into data centers fueling generative AI projects like ChatGPT, actual revenues in this space remain relatively modest.

According to Morgan Stanley, generative AI products from major cloud providers such as Amazon, Microsoft, and Google brought in about $45 billion last year.

Marvell, a key supplier of custom semiconductors to these companies, has faced additional headwinds, including trade tensions and questions around its growth prospects. Its shares, which had previously surged on the AI hardware boom, have slumped more than 40% since the beginning of 2025.

Nvidia, meanwhile, awaits clarification from the U.S. government regarding a deal to resume H20 chip exports to China, with the administration set to collect a revenue share from those sales.

Chinese authorities have discouraged local firms from buying Nvidia’s technology, ramping up efforts to support domestic alternatives. Cambricon, a leading Chinese AI chipmaker, recently posted record profits and claimed advancements that bring its products closer to Nvidia’s standards, sending its stock price soaring.

Shares in U.S.-based Super Micro Computer, a vital part of Nvidia’s supply chain, fell 5.5% after reporting internal accounting challenges.

Bitcoin price slumps further into the weekend

While tech stocks and AI-linked companies face their own market turbulence, Bitcoin has not been immune to broader risk-off sentiment.

Bitcoin’s price fell below $108,000 on Saturday, heading into the weekend, down nearly 7% for the week and at its lowest point since July.

Selling has accelerated as investors react to persistent uncertainty around U.S. monetary policy, sticky inflation, and weakening labor market data.

The post US tech stocks under pressure as AI growth shows signs of cooling appeared first on CryptoSlate.

Chainlink (LINK) has been one of the stronger performers in the market, rallying more than 109% over the past year. Even in the last three months alone, the LINK price has gained about 68.5%.

But the past week has revealed weakness, with the token slipping more than 9%, and both on-chain metrics and technical charts now suggest the year-long uptrend may be losing steam, at least for now.

Profit-Taking Pressures Mount As Holders Sit in Gains

One of the clearest signs comes from the percentage of LINK supply in profit, which is still hovering at historically high levels.

As of August 29, nearly 87.4% of the circulating supply is in profit, close to the recent peak of 97.5% seen on August 20. That peak coincided with the LINK price rally to $26.45, which quickly retraced by over 6% to $24.82 the following day.

A look further back shows the same pattern. On July 27, the supply in profit stood at 82.8%, just before LINK corrected from $19.23 to $15.65, making a 19% dip. The current reading near 87% is again uncomfortably high, hinting at elevated risks of profit-taking.

Additionally, the Chaikin Money Flow (CMF), which tracks capital inflows and outflows, has trended downward since August 22 and finally slipped below zero on August 29 for the first time since August 6. This shift into negative territory signals fading buying pressure and capital inflows, strengthening the case for a potential pullback.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Chainlink (LINK) Price Action Points To Bearish Exhaustion

The daily chart reinforces this caution. The LINK price is currently trading at $23.31, sitting inside an ascending broadening wedge pattern — a structure often associated with loss of upward momentum near the end of a bullish phase. This “megaphone” like pattern is infamous to kickstarting bearish reversals, a risk that now looms over LINK.

The key support to watch is $22.84. A decisive break below this level would expose the next downside target at $21.36, and falling beneath that could risk a deeper retracement. That could be anywhere in the 6% to 19% percent range, as experienced during the local “Supply In Profit” peaks.

On the other hand, if the LINK price manages to reclaim $25.96, it may still attempt another move higher.

But even such a recovery would not fully overturn the broader exhaustion signs unless the token can break convincingly above $27.88.

The post Chainlink (LINK) Price Uptrend Likely To Reverse as Charts Hint at Exhaustion appeared first on BeInCrypto.

Solana has had a turbulent August. The token repeatedly tried to hold above $210 but failed to sustain momentum, slipping back into range. At press time, the Solana price trades near $205, down 4.5% over the last 24 hours and about 1% lower in the past week. Monthly gains remain above 13%, and the yearly trend is still positive at nearly 50%.

However, September could challenge this uptrend as on-chain and technical signals point toward potential weakness.

Supply in Profit Near Six-Month High

One of the most important metrics is the percentage of supply in profit, which measures how many coins are currently worth more than their cost basis.

This metric hit a six-month high of 96.56% on August 28 before easing slightly to around 90% now.

History shows that such highs often precede corrections in the Solana price. On July 13, the metric touched 96% while the Solana price traded around $205, followed by a 23% drop to $158.

Again, on August 13, the metric peaked at 94.31%, triggering a 12% correction from $201 to $176. Later, on August 23, another peak at 95.13% led to an 8% slide from $204 to $187.

With the metric back near record highs, the risk of a deeper correction in the SOL price in September is increasing.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Exchange Balances Reinforce Selling Risk

That selling risk is reinforced by exchange balances. The amount of SOL held on centralized exchanges surged to more than 32 million tokens on August 28, up from under 30 million earlier in the month. Rising balances usually suggest holders are preparing to sell.

The correlation is clear. On August 14, when balances peaked above 32 million, the Solana price dropped 8% from $192 to $176 within days.

Now, with balances climbing again, a similar setup is forming, pointing to renewed downside pressure that could weigh on the SOL price in September.

Solana Price Pattern Suggests Bearish Setup Despite Positive History

Technicals also align with this bearish outlook. Solana is moving inside an ascending wedge on the weekly chart — a pattern that often signals weakening momentum and can lead to either a bearish continuation or reversal.

If the Solana price loses $195 and $182, the decline could extend to $160, marking another potential 15–20% pullback. Interestingly, such pullbacks were previously seen when exchange balances and supply in profit percentages spiked. A breach under $182 would even validate the bearish pattern breakdown.

However, bulls still have a way to regain strength. A weekly close above $217 — the last local high — would invalidate the wedge’s bearish implication and open the way toward higher targets. Until then, the bias remains tilted downward.

This bearish technical setup comes against a backdrop of generally positive seasonality. Since 2021, Solana has delivered September gains of 29%, 5.3%, 8.2%, and 12.5%. But with supply in profit at highs and exchange balances elevated, 2025 may be the year this streak breaks.

Unless SOL manages a decisive close above $217, the Solana price in September could struggle, even with the positive push of historical performance and ETF-related optimism.

The post What to Expect From Solana in September appeared first on BeInCrypto.

Cryptowzrd, in a fresh update on Bitcoin’s daily technical outlook, noted that the market closed bearish, leaving room for further downside. A decisive close below the $110,500 support could mark a key shift, making lower levels worth watching. 

Daily Candle Signals Bearish Pressure For Bitcoin

Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

BTC Volatility Dominates Intraday Trading

Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

The Cardano price action is back on analysts’ radar, with new bold predictions pointing to a potential rally of more than 300% to a $4 all-time high. Despite struggling to keep pace with other altcoins during this bull cycle, ADA is now sparking renewed discussions across the crypto community as experts weigh in on this latest price forecast. 

Cardano Price Set To Hit $4 By Year’s End

Mintern, Chief Meme Officer (CMO) at Minswap DEX, recently took to X to share a bullish outlook, predicting that Cardano could climb nearly 400% from its current price of under $1 to $4 by year’s end. According to the analyst‘s chart, ADA is forming a strong technical setup that could pave the way for a major breakout. 

A detailed Elliott Wave structure reveals a series of corrective and impulsive waves, suggesting that Cardano may be in the midst of a potential wave extension toward the $4 price point. The Fibonacci Extension levels on the chart also show targets ranging from $1.47 to $4.14, with the upper range representing the 200% retracement level.

Notably, Mintern’s bullish forecast comes when Cardano’s price is still trading sideways around $ 0.80, leaving many within the crypto space skeptical of a $4 target. Several crypto members argued that ADA has failed to deliver strong gains in this bull market despite other altcoins rallying to new ATHs. One critic even dismissed the cryptocurrency as a “waste,” pointing to its seven-year history of developments and updates without the price performance and appropriate network achievements to match. 

On the other hand, some community members see Mintern’s ambitious $4 price prediction as a turning point. Optimistic traders are also hoping for at least a move to $1 in the short term, while a few envision a potential rally beyond $4 should market conditions improve and become increasingly bullish. For now, ADA’s path to $4 remains a polarizing topic, with technical indicators suggesting a possibility but market sentiment keeping expectations in check. 

ADA Interest Rises To 2021 Levels

Another crypto expert, known as ‘The DApp Analyst’, has outlined a fresh bullish narrative for Cardano, pointing to a key historical signal. Using Google Trends data, he revealed that search interest in ADA is currently at the same level as in January 2021. Back then, the altcoin embarked on a massive 1,500% rally, pushing its price from under $0.2 to over $3 within just a few months.

The resurgence of interest at this historical level is particularly significant, as it aligns with broader macroeconomic shifts. According to the DApp Analyst, Bitcoin Dominance (BTC.D) is starting to decline, the US dollar index (DXY) is weakening, and interest rates are projected to ease as quantitative tightening could conclude by year-end. With these factors in play, the analyst predicts that Cardano could be on the verge of its strongest run since 2021.

Featured image from Unsplash, chart from TradingView