Schlagwort: crypto business

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Mantle (MNT) price forecast: can RWA adoption and Bybit integration push it beyond $2.50?

  • Mantle (MNT) price is rising after Bybit listings and high-yield staking products.
  • RWA tokenisation and USD1 stablecoin have boosted the institutional narrative around Mantle.
  • Mantle price is currently trading above $2.10–$2.20, eyeing resistance near $2.50.

Mantle (MNT) has been one of the standout performers in the cryptocurrency market in recent weeks, climbing to new highs while many other assets remain range-bound.

After reaching an all-time high of $2.16 on October 6, the token is now trading near its peak levels and attracting attention from traders and institutions alike.

But the question many investors are asking is whether Mantle’s momentum, fueled by real-world asset (RWA) adoption and deepening exchange integration, can carry the price past $2.50 in the near term.

Mantle (MNT) riding strong market momentum

The Mantle (MNT) token has gained more than 4% in the past 24 hours, extending a weekly rise of over 17% and a staggering 83% in the last 30 days.

This rally has been supported by both ecosystem growth and favourable market sentiment.

Mantle’s market capitalisation now stands at nearly $7 billion, with trading volume approaching $300 million daily.

At the same time, momentum indicators such as the Relative Strength Index (RSI) and MACD show no clear signs of exhaustion, pointing to sustained bullish interest.

Technically, the breakout above $2.06 has provided a strong base, and analysts note that a close above the previous all-time high of $2.20 could trigger a wave of FOMO-driven buying.

Fibonacci extensions suggest that the next resistance levels lie at $2.23 and $2.48, making $2.50 a critical psychological target.

However, there is the risk of profit-taking around these levels, which could spark short-term pullbacks as highlighted by analyst Keval Gala.

Bybit partnership strengthens the case

One of the most significant factors behind Mantle’s price surge is its expanding relationship with Bybit, one of the largest global exchanges with more than $30 billion in daily trading volume.

Mantle recently secured listings for 21 new trading pairs on the platform, boosting liquidity and accessibility.

Bybit also introduced staking products with yields as high as 36% to 90% APR, locking up tokens and reducing circulating supply.

In addition, structured products such as Double Win and Smart Leverage have been rolled out, making MNT an integral part of Bybit’s growing trading ecosystem.

This close alignment has led some analysts to compare Mantle’s role to Binance Coin’s early utility within Binance, with potential for a self-reinforcing growth loop if Bybit continues to scale.

RWA adoption fuels institutional narrative

Beyond exchange partnerships, Mantle is positioning itself as a leader in the tokenisation of real-world assets.

At Token2049, the network unveiled a compliance-focused platform that enables the issuance of tokenised assets in a regulated environment.

World Liberty Financial (WLFI) followed up by deploying its $2 billion USD1 stablecoin on Mantle, further strengthening its foothold in the RWA sector.

The global market for tokenised assets currently stands at $26 billion but is projected to expand into the trillions by the end of the decade.

Mantle’s entry into this space aligns it with a fast-growing institutional narrative, one that could give the token long-term utility and value beyond speculative trading.

The integration of RWAs with stablecoins is also being highlighted by Mantle’s leadership as a major opportunity to bring real-world financial use cases on-chain.

Mantle price outlook: short-term risks, long-term potential

Despite the bullish setup, analysts warn that Mantle’s rapid rise may lead to short-term corrections.

The token is trading close to its all-time highs, and failure to hold support at $2.10 to $2.20 could open the door to a retracement toward $1.78 or even $1.55.

Much will depend on whether adoption metrics for the RWA platform and the USD1 stablecoin show tangible growth in the weeks ahead.

If Mantle (MNT) can hold a bullish trajectory and maintain institutional momentum, a push beyond $2.50 looks increasingly possible.

The post Mantle (MNT) price forecast: can RWA adoption and Bybit integration push it beyond $2.50? appeared first on CoinJournal.

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BNB price soars to record $1,220, bulls target $1,300 amid market revival

  • BNB Chain hits 60M active addresses, doubling year-to-date.
  • BNB futures Open Interest climbs to a record $2.57 billion.
  • Analysts eye $1,300 as the next BNB price target, with support near $1,191 if corrected.

BNB has surged to a fresh all-time high (ATH) of $1,220.63, extending a powerful rally that has captured investor attention and lifted the token to historic levels.

The latest milestone underscores growing confidence in Binance and the wider cryptocurrency market, as bullish momentum fuels expectations of further gains toward $1,300.

Bulls extend control

The rally follows weeks of sustained growth, with BNB climbing more than 17% last week and over 40% in the past month.

This momentum has been driven by expanding activity on the Binance Smart Chain, a sharp rise in decentralised finance (DeFi) use, and renewed institutional inflows into digital assets.

At the same time, Binance has continued its regular token burns and expanded into Web3 services, including staking, NFTs, and cross-chain infrastructure, thereby reinforcing BNB’s role as more than a speculative asset.

The token’s utility across payments and DeFi protocols has become a defining feature of its long-term strength.

Traders are increasingly positioning around this ecosystem-driven growth, helping BNB sustain its rally even as the broader market consolidates.

With the global crypto market approaching $4 trillion in value again, BNB’s performance stands out as a marker of resilience and investor trust.

BNB Chain network activity surges

Alongside the price surge, BNB’s on-chain metrics have reached record highs.

Monthly active addresses on BNB Chain have doubled year-to-date, topping 60 million in a sign of accelerating adoption.

Total Value Locked in BNB-based protocols has also climbed sharply, rising from $7.58 billion in late September to $8.69 billion in early October, the highest level since mid-2022.

These metrics highlight growing user participation and capital deployment within the Binance ecosystem.

Derivatives activity also confirms the bullish tone, with the Open Interest in BNB futures hitting a new peak of $2.57 billion, according to CoinGlass data, suggesting fresh inflows of capital into leveraged positions.

This build-up of positions adds further weight to expectations of continued upside, as traders bet on higher prices.

BNB’s technical outlook points higher

From a technical perspective, BNB has cleared several key levels.

After rebounding from support near the 61.8% Fibonacci retracement at $948.45, the token climbed over 24% in just six days, breaking past $1,192 before setting the latest record high.

Analysts now see the next immediate target at $1,229.80, followed by the 161.8% Fibonacci extension level around $1,301.91.

Indicators back this view, with the Relative Strength Index (RSI) at 73.58 and still pointing upward, while the MACD recently flashed a bullish crossover.

BNB price technical analysis

Despite the strong setup, analysts warn that corrections cannot be ruled out, especially with the RSI now in the overbought region.

If the BNB price pulls back, market analysis points to $1,191 as the first key support level to monitor. A failure to hold that zone could push the price lower toward $1,079.

Even so, market sentiment remains overwhelmingly positive, with demand for BNB supported by both technical strength and ecosystem growth.

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What’s next for Bitcoin after hitting a new ATH? Check forecast

Key takeaways

  • BTC set a new all-time high of $125,559 on Sunday. 
  • The coin rallied by 10% in the last seven days and could rally higher in the near term.

Bitcoin sets a new all-time high of $125k

Bitcoin, the number one cryptocurrency by market cap, rallied by 10% last week to reach a new all-time high of $125,559 on Sunday. At press time, BTC is trading at around $123,900, down 1.3% from its all-time high.

The rally comes amid growing institutional interest in Bitcoin and related products. Last week, spot Bitcoin ETFs in the United States recorded an inflow of over $3 billion. The surge in inflows for spot Bitcoin ETFs can be attributed to the ongoing shutdown of the United States government.

The shutdown has seen investors turn to risk-based assets like Gold and Bitcoin, with both assets hitting new all-time highs in the last 48 hours. With the Fed rate decision to come later this month, analysts are optimistic that Bitcoin will hit the $130k mark over the next few days or weeks. 

BTC eyes $130k as bullish trend grows stronger

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed excellently over the last few days. The bullish trend could see Bitcoin rally higher in the near term. 

The momentum indicators are currently bullish, with the Relative Strength Index (RSI) reading 70. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover last week.

BTC/USD 4H Chart

If BTC continues its rally, it could surge towards the next key psychological level at $130,000. However, it needs to overcome its all-time high of $125k before it can rally higher.

If the bulls fail to push BTC higher, the coin could face a correction and retest the support at $119k. The next major support level at $117k could serve as a strong base for the bulls in the near term.

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SOL could break out to a new ATH amid positive on-chain data

Key takeaways

  • Solana is down 1.4% and trading above $230.
  • The coin could rally to a new all-time high as on-chain and derivatives data turn positive.

SOL’s rally could be prompted by positive on-chain and derivatives data

SOL, the native coin of the Solana blockchain, added 11% to its value over the last seven days, making it one of the best performers in the top 10. The rally allowed SOL to top the $230 mark, with analysts now predicting new highs for the coin.

Data obtained from DeFiLlama revealed that Solana’s stablecoin market capitalization currently stands at $15.11 billion. This record comes as its stablecoin market cap has been steadily rising since mid-September. 

In addition to that, Solana’s Total Value Locked rose from $10.78 billion on September 28 to now stand at $12.69 billion, nearing its record highs of $13.02 billion. The rising TVL suggests growing activity and interest within the Solana ecosystem, including memecoins, DeFi, and stablecoins. More users are depositing and utilizing assets within SOL-based protocols.

Finally, on the derivatives aspect, Solana’s OI-Weighted Funding Rate data shows that more traders are betting on SOL’s price rallying higher in the near to medium term. According to CoinGlass, the OI has flipped a positive rate on Saturday and reads 0.0052% on Monday. Historically, once the funding rates flip to positive, SOL’s price has rallied sharply.

Bulls aiming to establish a new all-time high

The SOL/USD 4-hour chart is bullish and efficient after Solana found support around the 61.8% Fibonacci retracement level at $193.52 late last month. Since then, it has added 18% to its value and now trades at $233 per coin. 

SOL/USD 4H Chart

The RSI of 58 shows that the bulls have regained control, with the MACD lines also above the neutral zone, suggesting a bullish bias. If the support level at $230 holds, SOL could rally higher and set a new all-time high above $295. However, the RSI has to stay above 50 for SOL to sustain an upward momentum in the near term.

On the flip side, if SOL faces a correction after its recent rally, it could drop towards the 50-day Exponential Moving Average (EMA) at $213.36. The support at $203 will likely hold in the near term.

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Solana futures surge as institutions drive open interest to record highs

  • Solana CME futures OI hits record $2.16B as institutions accumulate ahead of SEC ETF ruling.
  • Solana ETPs surpass $500M AUM, led by REXShares SSK and Bitwise BSOL staking products.
  • SOL price outlook: pullback to $210 seen as healthy, while $250 breakout eyes $290 highs.

Solana (SOL) futures have entered a defining phase as institutional interest gathers momentum, with the Chicago Mercantile Exchange (CME) open interest reaching an all-time high of $2.16 billion.

This comes as SOL’s price rebounded 23% from $195 to $235, signaling renewed optimism in the lead-up to the US Securities and Exchange Commission’s (SEC) October 10 decision on a Solana ETF.

Institutions drive futures open interest

The surge in CME open interest coincided with Solana finding a local bottom, a timing that suggests institutions are positioning aggressively ahead of key regulatory developments.

The CME annualized basis currently sits at 16.37%, down from its July peak of 35%. This indicates a constructive yet not overheated futures market.

By contrast, retail-driven open interest on centralized exchanges has remained relatively flat, with funding rates hovering near neutral.

The cautious stance by retail traders reflects the lingering impact of the $307 million in liquidations on September 22, when $250 million in long positions were wiped out.

This divergence between institutional conviction and retail hesitation is contributing to a more balanced market dynamic.

Market analysts note that the current setup reduces the risk of over-leveraged volatility.

Institutions appear to be accumulating with conviction, while the lack of retail chase helps prevent speculative excess.

This creates a backdrop that is bullish but measured, less prone to sharp drawdowns.

Growing institutional adoption through ETPs

In addition to futures activity, institutional demand for Solana has been reinforced by inflows into regulated investment products.

This week, Solana exchange-traded products (ETPs) surpassed $500 million in assets under management (AUM).

Leading the flows is the Solana Staking ETF (SSK) from REXShares, which has now exceeded $400 million in AUM.

The Bitwise Solana Staking ETP (BSOL) also crossed the $100 million mark.

Both products have grown rapidly since their launch, underscoring the increasing appetite for regulated vehicles that provide Solana exposure.

The milestone highlights how Solana is gaining traction among institutional investors, not just through derivatives but also through asset management channels.

With speculation mounting around a potential US-listed Solana ETF, these developments signal rising confidence in the altcoin’s long-term adoption.

Price outlook: balanced but bullish

Solana’s near-term price trajectory depends on whether retail traders re-enter the market.

On the downside, analysts note that a retracement toward $218–$210 would remain consistent with a bullish structure.

Such a pullback would align with a fair value gap (FVG) on the four-hour chart and retest the 200-period exponential moving average (EMA).

The liquidation heatmap also identifies a liquidity cluster of over $200 million between $220 and $200, making this zone a potential short-term price magnet.

A correction into this range could help establish a higher low while flushing out late entrants.

On the upside, a move above $245–$250 would signal renewed strength and could propel SOL toward its all-time highs near $290.

Given the backdrop of institutional flows and ETF speculation, this scenario carries growing weight.

For now, Solana futures reflect a market transitioning from fear into cautious accumulation.

Institutions are anchoring the trend, and their growing presence in both futures and ETPs suggests that even if corrections occur, they are likely to be shallow rather than trend-breaking.

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