Latest news with #VanEck
Yahoo
a day ago
- Business
- Yahoo
Solana Price Prediction - What could affect SOL's future price?
Solana price prediction remains mixed as the asset contends with bullish ETF prospects and network upgrades versus regulatory delays and technical resistance, with the $180–$188 zone seen as a key breakout level. - ETF delays curb institutional momentum short-term - USDC minting and DeFi growth boost utility - Technical resistance at $176–$188 critical for trend ETF Applications: Six U.S. spot Solana ETF filings (Fidelity, VanEck) face SEC delays, but approval could mirror Bitcoin's 2024 ETF-driven surge. Analysts note a 82% approval chance via Polymarket, with potential inflows if greenlit. USDC Expansion: Circle minted $250M USDC on Solana (May 30), enhancing liquidity for DEXs like Raydium. Solana hosts 34% of all stablecoin volume, driving fee revenue. Institutional Funding: Sol Strategies aims to raise $1B for validator infrastructure, signaling long-term ecosystem bets. Layer-1 Rivalry: Base hit 959 TPS during a token launch (May 29), nearing Solana's 1,039 TPS. However, Solana's $15.3B TVL and $9B DeFi dominance still lead. Meme Coin Reliance: 75% of Solana's Q1 revenue came from meme projects like A slowdown here could pressure fees. Resistance Zone: SOL faces stiff selling at $176.28 (38.2% Fibonacci) and $187.28 (swing high). A close above $180 could target $216 (161.8% extension). Bearish Signals: MACD histogram (-1.73) and RSI (49.67) suggest consolidation, but the 50-day SMA ($154.83) underpins mid-term support. Solana price prediction depends on ETF clarity, DeFi adoption, and reclaiming the $180 resistance level. While network upgrades and stablecoin growth help offset meme coin volatility, SEC delays and rising L1 competition continue to pose risks. Will institutional patience outlast regulatory uncertainty? Solana price prediction remains uncertain amid mixed sentiment: bullish institutional developments clash with technical caution and ETF delays. Traders are eyeing the $200 resistance, while analysts debate short-term volatility versus long-term growth potential. - Institutional adoption surges with Coinbase's 24/7 SOL futures and USDC's $250M Solana mint. - Technical concerns linger as SOL faces resistance at $170–$180 amid overbought signals. - ETF speculation intensifies despite SEC delays, with experts predicting $440–$600+ if approved. Bullish momentum dominates long-term narratives (30-day price +11.35%), but short-term sentiment cooled after a 10% weekly drop. The Crypto Fear & Greed Index fell from 74 (Greed) to 61 (Neutral) this week, reflecting caution after $750M liquidations. Bullish drivers: Coinbase launching 24/7 SOL futures, USDC's $250M mint on Solana. Bearish pressures: SOL rejected at $185 resistance, negative funding rates (-0.0002%), and whale profit-taking. Institutional Adoption:- Coinbase's SOL futures launch (June 13) aims to bridge U.S. and global markets, with derivatives now 75% of crypto trading.- ARK Invest added SOL exposure via a Canadian ETF, citing 'confidence in Solana's growth'. ETF Speculation:- Analysts like VirtualBacon project $440–$600 SOL if spot ETFs gain U.S. approval by late 2025 (X).- SEC delays for Grayscale and 21Shares applications have stalled momentum, but Polymarket odds favor an 82% approval chance. Technical Outlook:- SOL's RSI (73) and Stochastic Oscillator (94) signal overbought conditions, with bears targeting $157–$152 support.- A breakout above $180 could trigger a rally toward $280, per ascending trendline analysis. Chris Burniske (Placeholder VC): 'Loving where the market is… Solana could outperform BTC/ETH'. Peter Brandt: Forecasts $500+ SOL if network stability improves and ETF narratives materialize. Solana Post: Warns of meme-driven volatility but highlights SOL's dominance in DeFi (2nd in TVL) and NFTs. Solana price prediction hinges on ETF approvals, institutional inflows, and technical resilience above $170. While short-term risks persist, its ecosystem growth (DeFi, USDC integration) and developer activity (Firedancer upgrade) underpin bullish conviction. Will SOL's ETF momentum outpace regulatory headwinds in Q4 2025? To get the latest update on Sol, visit our Solana currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
AVAX Price Prediction - What could affect AVAX's future price?
AVAX price prediction: AVAX faces mixed signals with bearish technicals offset by real-world adoption catalysts, suggesting volatile consolidation near $21.57 with a cautiously bullish mid-term outlook. - Real estate tokenization partnerships could drive institutional inflows. - Technical indicators show bearish momentum but key support holds. - Regulatory crackdowns on exchanges threaten liquidity $240B real estate tokenization with Bergen County/NJ municipalities creates tangible utility for AVAX as settlement currency FIFA subnet development (custom L1 blockchain) could onboard millions through sports NFTs/tickets by 2026 VanEck's Purposebuilt Fund launching June 2025 targets AVAX ecosystem projects, with $100M+ allocated to RWA verticals These initiatives position AVAX as a leader in institutional blockchain adoption – a key differentiator vs ETH/SOL's retail-heavy ecosystems. Critical support at $22.80 (362k wallets hold 21.65M AVAX) held through May's 9.98% price drop MACD divergence (-0.195 histogram) signals weakening momentum despite RSI 47.32 showing no oversold conditions Fibonacci retracement suggests $24.95 (23.6%) as immediate resistance – break could trigger rally to $26.75 swing high The 50-day SMA ($21.83) currently acts as dynamic support, but death cross risk persists with 200-day SMA at $29.40. Altcoin season index at 22/100 shows capital remains concentrated in BTC/ETH, limiting AVAX upside Thailand's exchange ban (effective June 28) removes 5 liquidity venues as AVAX volume surges 27% to $613M BlackRock's sBUIDL integration on Avalanche demonstrates institutional validation but exposes AVAX to traditional market correlations AVAX's price trajectory hinges on converting institutional partnerships into sustained on-chain activity while defending the $22 support zone. The MapleStory-driven transaction surge (+225% to 12.9M daily) shows retail engagement potential, but can Avalanche maintain developer momentum if BTC dominance climbs above 63%? AVAX price prediction remains mixed as Avalanche faces $25 resistance, with bullish technical setups clashing against bearish macro pressures, while institutional adoption—via VanEck's RWA fund and FIFA's blockchain partnership—adds long-term optimism. - Bullish drivers: VanEck's $100M RWA fund, FIFA subnet, +700% active users. - Bearish pressures: 9.5% price drop (24h), weak BTC dominance, low altcoin season index. - Key debate: Can AVAX sustain $22.8 support to retest $30? Traders are cautiously bullish on AVAX's technical setup but wary of broader market headwinds. The price fell 9.5% in 24 hours to $21.57 (May 30), erasing gains from its May 22 rally to $25.28. However, analysts note strong support at $22.8 (362k wallets holding 21.65M AVAX) and a bullish ascending triangle pattern targeting $30 if resistance breaks. Institutional adoption: VanEck's Purposebuilt fund (launching June 2025) targets Avalanche-based RWAs, while BlackRock's BUIDL treasury product uses AVAX for collateral. Gaming surge: MapleStory Universe drove 1.95M active addresses (May ATH) and 350K NFTs minted in 12 hours. DeFi innovation: XSY_fi's delta-neutral stablecoin UTY aims to reduce reliance on bridged assets, boosting AVAX-native liquidity. VanEck: Called Avalanche 'the institutional hub for RWAs' after launching its fund. Crypto Patel: Highlighted a multi-year breakout pattern with $282 long-term targets if AVAX holds $20. FIFA: Partnered to build a subnet for 250M+ gamers, signaling mainstream utility. AVAX's narrative balances institutional validation against shaky macro conditions, with $22.8 acting as a make-or-break level. Watch: Can FIFA's subnet and VanEck's fund offset Bitcoin's dominance (63%) to reignite altcoin momentum? To get the latest update on AVAX, visit our Avalanche currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
BNB Price Prediction - What could affect BNB's future price?
BNB price prediction indicates potential volatility influenced by ecosystem upgrades, ETF prospects, and supply factors, supporting a cautiously bullish mid-term outlook. - Auto-burn mechanism targeting 100M supply by 2028 - VanEck's BNB ETF filing pending SEC approval - Technical consolidation near key Fibonacci resistance ($669.61) Auto-Burn Mechanism: BNB's deflationary model aims to reduce total supply to 100M (from ~142M today) via quarterly burns. The latest burn destroyed 1.94M BNB (~$1.17B), tightening supply. Maxwell Hardfork: Testnet launch on May 26, 2025, reduces block time to 0.75s, improving transaction speed. Mainnet activation by June 30 could boost DeFi/gaming adoption. BNB Vault & Staking: 30% YoY growth in staking (6.2% yield) and new yield products like slisBNB incentivize holding, reducing liquid supply. ETF Momentum: VanEck's spot BNB ETF proposal (filed May 6, 2025) could mirror Bitcoin ETF inflows if approved. Standard Chartered predicts $2,775 by 2028, citing institutionalization. SEC Lawsuit Dismissal: The SEC dropped its 2023 case against Binance on May 29, 2025, removing a regulatory overhang. However, broader crypto policy shifts under Chair Paul Atkins remain a wildcard. BNB Chain Adoption: 5,600+ DApps and $3.6B TVL anchor utility, but rivals like Solana (28% DEX market share vs. BNB's 19%) threaten growth. Key Levels: Immediate resistance at $669.61 (23.6% Fibonacci retracement). A breakout could target $726 (127.2% extension), while failure risks a drop to $640 support. Momentum: MACD histogram (0.384) and RSI (55-59) signal neutral-bullish bias. However, declining Open Interest (-7.9% weekly) hints at cautious derivatives traders. BNB's price hinges on balancing deflationary tokenomics against competitive pressures and ETF regulatory outcomes. Watch for a decisive break above $670 or a breakdown below $640 to gauge trend direction. Could BNB's regulatory clarity post-SEC lawsuit give it an edge over ETH/SOL in the next altseason? BNB price prediction reflects a cautiously bullish mid-term outlook (30d +11%) amid mixed short-term sentiment, as traders focus on $687-$690 resistance and $640-$650 support. - Institutional interest grows via ETF filings and BNB Chain partnerships - Technical divide between breakout hopes ($700+) and bearish structure warnings ($630s) - Network activity surges (+13% addresses, +14% TXs) as meme/DeFi use cases expand Traders are split between:- Bulls citing VanEck's ETF filing, BNB Chain's 13.95M daily transactions, and the SEC lawsuit dismissal - Bears highlighting failed $690 tests (May 27) and whale short positions The Crypto Fear & Greed Index at 61 (Greed) suggests optimism, though down from 76 last week. Technical Levels:- $687-$690: Multi-week resistance where 4.2M BNB sits in ask orders- $640-$650: Critical support zone with 1.8M BNB bid liquidity Institutional Moves:- VanEck's ETF proposal (May 6) could unlock $2B+ inflows if approved- BNB Wallet's $5.9B daily volume shows retail adoption Regulatory Shift:- SEC dropping charges (May 29) removes legal overhang- Trump administration's crypto-friendly policies buoy sentiment Dovey Wan (Crypto Researcher): 'BNB Wallet's growth creates flywheel effect via staking demands' Standard Chartered: $2,775 price target by 2028 Binance CEO Richard Teng: 'Dismissed lawsuit validates our compliance path' BNB's trajectory hinges on ETF progress and holding $640-$650 amid macro uncertainty. With chain activity offsetting whale shorts and regulation improving, the mid-term setup favors accumulation. Will VanEck's ETF approval become the catalyst for a $700+ breakout? To get the latest update on BNB, visit our BNB currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Perth Now
3 days ago
- Business
- Perth Now
Equities lift as US court rejects Trump's tariffs
Australian shares are heading higher, tracking with stronger US futures on strong tech results and a court's rejection of US Liberation Day tariffs. The S&P/ASX200 spiked by 0.37 per cent in early trade but was 0.15 per cent, or 12.3 points higher by midday, to 8,4109.2. The broader All Ordinaries gained 12.2 points, or 0.14 per cent, to 8,637.1. Wall Street edged lower overnight, but S&P500 futures have rallied in after hours trading on the back of chip designer Nvidia's strong earnings. "The company posted another strong quarter ... with revenue reaching US$44.1 billion ($A68.8 billion) bringing year-on-year growth to 69 per cent," VanEck cross asset research specialist Anna Wu said. The US dollar rallied against major currencies after the New York-based Court of International Trade blocked President Trump's Liberation Day tariffs from taking effect. The court found the president overstepped his authority in invoking emergency legislation to level the tariffs, and only Congress had authority to regulate US trade. "This ruling reaffirms that our laws matter, and that trade decisions can't be made on the president's whim," Oregon Attorney General Dan Rayfield said in a statement. The White House is appealing the decision. Seven of 11 local sectors were trading higher by midday, but real estate (-0.4 per cent) and materials (-0.2 per cent) weighed on the bourse. Energy was leading the gains, up 1.7 per cent as oil prices spiked more than 1.5 per cent on the tariff decision, and as the US mulls more sanctions on Russia over the war in Ukraine. Brent crude futures were trading at $65.02 a barrel, as their West Texas equivalent rose to $US62.03. Financials stocks eked out a 0.2 per cent gain, with the big four banks mixed as Westpac lifted 0.5 per cent and ANZ fell 0.3 per cent. The Commonwealth Bank was down 0.1 per cent to $173.65 after hitting a new record above $176.50 last week. Local IT stocks took their lead from the US tech sector, up 0.7 per cent as Megaport (+2.7 per cent) and NextDC (+1.1 per cent) pushed higher. The materials sector lost 0.2 per cent, with large cap miners BHP (-0.3 per cent) and Rio Tinto (-0.7 per cent) down as iron ore price weakness remained stubborn. The Australian dollar is buying 64.20 US cents, down from 64.31 US cents on Wednesday at 5pm but it's higher against most major currencies.
West Australian
3 days ago
- Business
- West Australian
Equities lift as US court rejects Trump's tariffs
Australian shares are heading higher, tracking with stronger US futures on strong tech results and a court's rejection of US Liberation Day tariffs. The S&P/ASX200 spiked by 0.37 per cent in early trade but was 0.15 per cent, or 12.3 points higher by midday, to 8,4109.2. The broader All Ordinaries gained 12.2 points, or 0.14 per cent, to 8,637.1. Wall Street edged lower overnight, but S&P500 futures have rallied in after hours trading on the back of chip designer Nvidia's strong earnings. "The company posted another strong quarter ... with revenue reaching US$44.1 billion ($A68.8 billion) bringing year-on-year growth to 69 per cent," VanEck cross asset research specialist Anna Wu said. The US dollar rallied against major currencies after the New York-based Court of International Trade blocked President Trump's Liberation Day tariffs from taking effect. The court found the president overstepped his authority in invoking emergency legislation to level the tariffs, and only Congress had authority to regulate US trade. "This ruling reaffirms that our laws matter, and that trade decisions can't be made on the president's whim," Oregon Attorney General Dan Rayfield said in a statement. The White House is appealing the decision. Seven of 11 local sectors were trading higher by midday, but real estate (-0.4 per cent) and materials (-0.2 per cent) weighed on the bourse. Energy was leading the gains, up 1.7 per cent as oil prices spiked more than 1.5 per cent on the tariff decision, and as the US mulls more sanctions on Russia over the war in Ukraine. Brent crude futures were trading at $65.02 a barrel, as their West Texas equivalent rose to $US62.03. Financials stocks eked out a 0.2 per cent gain, with the big four banks mixed as Westpac lifted 0.5 per cent and ANZ fell 0.3 per cent. The Commonwealth Bank was down 0.1 per cent to $173.65 after hitting a new record above $176.50 last week. Local IT stocks took their lead from the US tech sector, up 0.7 per cent as Megaport (+2.7 per cent) and NextDC (+1.1 per cent) pushed higher. The materials sector lost 0.2 per cent, with large cap miners BHP (-0.3 per cent) and Rio Tinto (-0.7 per cent) down as iron ore price weakness remained stubborn. The Australian dollar is buying 64.20 US cents, down from 64.31 US cents on Wednesday at 5pm but it's higher against most major currencies.
