Arthur Hayes, co-founder of BitMEX, is hosting a crypto event called “Risk It All” in Las Vegas on May 28, 2025, as he hopes that Bitcoin reaches $150k. The event is likely to bring together traders, builders, and investors in a fun setting to dance, talk, and see where crypto goes next.
Hayes recently said that Bitcoin will hit $1M by 2028. He pointed to U.S. Treasury buybacks, the rising institutional adoption, and stronger macro tailwinds as key drivers. His call joins other bullish views that see BTC climbing as regulation settles and ETFs gain traction.
Bitcoin traded near $99,700 on May 8, showing strength after a volatile start to the month. Amid the BTC rally, Arthur Hayes’ expectations seem to have skyrocketed. His Las Vegas event announcement comes at a moment when many are watching the developments in the US legislature and trade talks very closely.
Hayes posted the invite on X, saying, “Let’s dance degens to $BTC hitting $150,000 by month end.” The open invitation specifically invites bold, high-risk-taking traders, commonly known as ‘degen’ in crypto lingo.
“Risk It All” isn’t just a party. Hayes wants the room full of people who’ve “bet big and thought bigger.” The actual location has been marked as ‘secret’, and the event page says, “Your registration is subject to approval by the host.”
Whether or not Bitcoin hits $150K, the Vegas meet-up is likely to capture the mood of a market ready ready bet high and go ‘max-bullish’.
The price of several digital currencies, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano (ADA), has risen rapidly. After weeks of sustained consolidation, these altcoins have recorded their highest price levels in the past month, setting them on many traders’ watchlists. Amid the general bullish breakout, here is a breakdown of what to expect from the price of these digital currencies moving forward.
Dogecoin and Potential Reversal Prospect
At the peak of trading, the price of DOGE soared as high as $0.1850 per CoinMarketCap data. However, the coin has seen its price fall to $0.1797 while maintaining a 4.07% uptick in 24 hours. The broader crypto market jumped today, with memecoins largely leading the rally.
Dogecoin Price Chart. Source: CoinMarketCap
For Dogecoin, the core performance metrics stayed bullish, with a trading volume of 64.24% to $2.1 billion. Over the past month, the DOGE price maintained a strong consolidation; the trading volume hardly exceeded the $1 billion mark. Despite the intensely positive retail and whale engagement, the memecoin is still locked below the $0.1800 resistance level.
The uptick in the price of Dogecoin did not come from core DOGE fundamentals. Unless this trend changes and core ecosystem updates emerge, the bullish breakout of the memecoin might be short-lived.
Shiba Inu Changing the Memecoin Outlook
Shiba Inu joined the rally, soaring as high as $0.00001388 within the 24 hours. Although the percentage gain is now relaxed, the coin has maintained its support above the $0.000013 mark. Over the past week, the coin jumped 13.62% as it looks to pare off the losses it incurred in the Year-to-Date (YTD).
Shiba Inu Daily Chart. Source: CoinMarketCap
Considering the market outlook, SHIB price analysis hints at a potential 512% breakout in the coming weeks. While there are conflicting whale and futures outlooks on different timeframes, the Shiba Inu ecosystem has a more promising anchor for the price.
Unlike other memecoins like Dogecoin, with Shibarium and the SHIB OS innovation, developers like Shytoshi Kusama are pushing for new use cases for the project. While there are collaborations with governments to back its evolution, time may be the major decider of how high Shiba Inu can sustain its cycle momentum.
Cardano May Take Advantage of Bitcoin Influence
Bitcoin is the clear market leader, but Cardano may see more benefits from its association in the long term. The Charles Hoskinson-led project is making an important pivot to drive Bitcoin adoption with DeFi-based staking as teased previously.
Cardano has achieved more than most Proof-of-Stake (PoS) blockchain networks in the past year. The protocol transitioned to community governance and has outperformed core rivals in percentage growth over the past year.
Cardano’s price changed hands for $0.6983 at the time of writing, up by 5.92% in the past 24 hours.
Cardano Price Daily Chart: Source: CoinMarketCap
With $0.7 a local market resistance, ADA has the fundamentals to break out long-term. Per an earlier ADA price analysis, the coin could soar to $0.7658 in the short term.
The crypto price prediction today, May 8, is bullish amid widespread gains driven by President Donald Trump, who has teased an upcoming “big announcement.” Trump’s cryptic post drove Bitcoin and Ethereum close to $100,000 and $2,000, respectively. Meanwhile, meme coins were outperforming the broader market as PEPE, TRUMP, and BONK prices surged by more than 10%.
Crypto Prices Rally Amid Trump’s Major News
Data from CoinMarketCap shows that crypto prices are on a bullish trajectory today, with the total market cap posting a 3% intraday gain to reach $3.09 trillion. At press time, all the top ten cryptos were trading in the green.
The gains come after a recent post on Truth Social in which Trump noted that he would be making a major announcement on May 8. In a subsequent post, he revealed that this announcement would culminate in a big day for the US and the UK.
“This should be a very big and exciting day for the United States of America and the United Kingdom.”
This deal coincides with earlier reports that trade negotiations between the US and China will resume. US Treasury Secretary Scott Besset will lead trade talks with China’s Vice Premier He Lifeng on May 10.
The bullish news on major trade deals also comes on the back of the FOMC meeting in which the Fed left interest rates unchanged. Trump has reacted to Powell’s hawkish statement, terming him a “fool who doesn’t have a clue.”
Truth Social
These macro factors are fuelling crypto price volatility, with more than $368M positions being liquidated within 24 hours, as predictions suggest that the broader uptrend may continue.
Crypto Price Prediction as PEPE, TRUMP, BONK Lead Rally
As crypto prices rally, three top meme coins have stood out and have the potential to continue with the uptrend and clinch multi-week highs. These tokens include PEPE, TRUMP and BONK, which have gained by more than 10%.
PEPE Price Prediction as $0.00001 Rally Looms
PEPE price eyes an 18% rally to the upside after overcoming resistance at the neckline of a rounding bottom pattern. As the bullish momentum grows strong, as supported by the rising RSI to 72, this meme coin may soon reach the highly coveted $0.00001 price and get to its highest level since February. The ADX supports the bullish Pepe Coin price forecast as it appears to tip north after the recent downtrend, suggesting that bears are growing weak.
PEPE/USDT: 4-Hour Chart
TRUMP Price Eyes $15 as Bears Weaken
TRUMP trades at $12 with an 11% gain in 24 hours as it leads the rally in crypto prices. It eyes a breakout rally to $15 as the rising MACD line confirms that the bearish momentum is weakening. However, a bullish momentum will be confirmed after this indicator crosses above the zero line. Meanwhile, the Bollinger bands confirm that TRUMP is breaking out, and with a sustained rally, it may reach the 78.6% Fibonacci level of $15.
BONK price also eyes a parabolic rally after overcoming resistance at the neckline of a double-bottom pattern. If this pattern plays out, the rally will extend to the target price of $0.000020 in the near term, which is likely if the broader market sentiment remains positive. The AO histogram bars have also flipped green to confirm a momentum shift from bearish to bullish.
BONK/USDT: 4-Hour Chart
Summary
As crypto prices rally today amid positive macro factors driven by Trump’s “big announcement,” three meme coins have stood out with impressive gains, as the technical outlook suggests that further gains lie ahead. The price prediction for these crypto coins suggests that further gains lie ahead as buyers looking for quick profits start accumulating.
COTI, renowned for its lightweight confidentiality layer on Ethereum, has just announced a strategic partnership with PriveX, a decentralized exchange…
