Pepe Coin price is poised for a breakout to $0.000027 as a double bottom pattern emerged on the weekly chart. This looming breakout coincides with two whales opening long positions valued at more than $3 million, suggesting optimism of further gains. Pepe Coin trades at $0.0000141 at press time after a strong bounce from the daily low of $0.0000134. Trading volumes had dropped by 21% at press time, according to data from CoinMarketCap. Pepe Coin Price Targets $0.000027 Breakout Next Pepe Coin has bounced from the support zone between $0.000054 and $0.000062 to form a classic double bottom pattern. This chart pattern often signals that the trend is about to shift from bearish to bullish, suggesting that the PEPE price rally that commenced in April will continue. For Pepe Coin price to break out above $0.000027, bulls need to overcome the resistance between $0.000014 and $0.000016. In the last three… Read More at Coingape.com
Cardano price is eyeing massive gains after Coinbase Derivatives announced it will launch ADA futures on March 31, boosting institutional interest and market liquidity. ADA price could now be on the verge of a massive upswing, with analysts predicting a 15% rally. However, there are also concerns that the listing may mark a local price top. Will this Coinbase listing drive sustained growth for Cardano price or trigger a sell-the-news event? Let’s explore.
Cardano Price in Focus as Coinbase Files for ADA Futures
Coinbase Derivatives is expanding its crypto offerings with ADA futures. The exchange has filed with the Commodity Futures Trading Commission (CFTC) for this product. If it launches, it will boost liquidity and institutional interest in Cardano and potentially fuel gains.
The Cardano futures will enable traders to gain exposure to ADA without holding the underlying asset. This offering will allow investors to use leveraged trading strategies. If the product is approved, it will launch on March 31.
Coinbase Cardano Futures
Futures listings have often spiked price volatility, and traders are now speculating about the impact that the launch will have on ADA price, which has been recording choppy price moves. At press time, Cardano trades at $0.74 with a 4.8% gain in 24 hours as the crypto market today rebounds.
Will the Coinbase Listing Mark a Local Top for ADA?
The upcoming launch of ADA futures could break Cardano from consolidation if it leads to a spike in social volumes. Historically, exchange listings drive speculative discussions that in turn result in high trading activity.
Data from Santiment shows that Cardano social volumes peaked earlier this month after President Trump endorsed ADA as one of the US altcoins that will be part of the US digital asset stockpile. This saw the price hit a local top of around $1.12 before a sharp reversal.
Cardano Social Volumes
The recent Coinbase listing has yet to cause a surge in social volumes. This indicates that Cardano price still has room for growth before reaching another local top. However, this listing could end up being a sell-the-news event that will lead to a bearish reversal.
Cardano Price Gears for a 15% Rally
Analysts have shared a bullish Cardano price prediction after it bounced by nearly 5% to an intra-day high of $0.75 following the news of the Coinbase listing. Popular analyst Ali Charts forecasts that the altcoin could be on the verge of a 15% upswing after forming a symmetrical triangle pattern.
ADA/USDT 1-hour Chart
If ADA price breaks out of the upper resistance trendline, it could pave the way for the altcoin to reclaim $1 as traders buy into the rally that will be realized with the Coinbase listing later this month.
Data from Coinglass also shows an uptick in activity in the derivatives market. The Cardano open interest has increased slightly in the last 4 days to $770M. If this rise in OI continues, it could add more fuel to the ADA price rally.
Grayscale has announced the launch of a new exchange-traded fund (ETF) to track the performance of companies with sizable Bitcoin (BTC) holdings. While not the first-of-its-kind, the Grayscale Bitcoin Adopters ETF will attract a new demographic of investors to Bitcoin-related products.
Grayscale Rolls Out Bitcoin Adopters ETF For Investors
According to a press release, Grayscale has unveiled an ETF designed to provide investors with exposure to public companies with Bitcoin on their balance sheets. Dubbed the Grayscale Bitcoin Adopters ETF (BCOR), the fund will track the performance of companies that have adopted BTC as a treasury reserve asset.
Per the statement, the newly minted ETF will invest in entities that make up the Indxx Bitcoin Adopters Index. A close look at the proprietary index reveals a focus on publicly traded companies with a market capitalization surpassing $100 million.
However, Grayscale pegs the minimum Bitcoin to be held by the companies at 100 BTC. Upon launch, the ETF is tracking over 33 companies cutting across 15 industries, providing a novel way for investors to get exposure to BTC.
“As more companies integrate Bitcoin into their balance sheets, BCOR provides a forward-looking strategy to capture this momentum through traditional equity markets,” said Grayscale Global Head of ETFs David LaValle.
In March, Bitwise launched the OWNB ETF to track institutions with substantial BTC holdings, earning a first-mover position. Grayscale will jostle with Bitwise for market share as the firm eyes expanding its range of ETF products. The firm is bidding its time after the SEC delayed its proposal to enable staking on its Ethereum spot ETF.
A Growing Number Of Firms Are Adopting The Bitcoin Standard
Several publicly traded companies are turning their gaze to Bitcoin, adding the largest cryptocurrency to their balance sheet. Led by MicroStrategy and Marathon Digital, publicly traded companies hold nearly 600,000 BTC cumulatively.
MicroStrategy recently acquired 15,335 BTC for $1.42 billion, bringing its holdings to 553,555 BTC, matching the holdings of Grayscale and BlackRock.
While the trend shows no indications of ending, 21 Capital is set to mirror MicroStrategy with a sizable Bitcoin purchase. 21 Capital has raised significant capital from SoftBank and Tether, potentially snapping up 42 BTC upon its formal launch.
The renewed institutional interest from Grayscale and other heavyweights in Bitcoin comes amid a price resurgence for the top crypto. Bitcoin is trading at $95,000 and is targeting a price rally to $100K on the back of several positive fundamentals.
Notable Solana meme coins to watch in March include DOGEai (DOGEAI), Official Trump (TRUMP), BONK, AI16Z, and Official Melania (MELANIA). DOGEai has surged nearly 20% in a week, capitalizing on AI and government transparency narratives.
TRUMP could see renewed interest from the White House Crypto Summit, while BONK remains the second-largest Solana meme coin despite a sharp decline. AI16Z is struggling along with the broader AI crypto sector, and MELANIA has faced heavy losses but could benefit from the upcoming political events.
DOGEai (DOGEAI)
DOGEai, an artificial intelligence meme coin, has a market cap of nearly $35 million after rising over 50% in the past two weeks. The project capitalizes on Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the AI crypto trend.
It functions as an autonomous AI agent designed to analyze government spending and policy decisions, providing bill summaries and insights into public expenditures.
If the uptrend continues, DOGEai could challenge resistance at $0.0573, with upside targets at $0.0683 and potentially $0.098 in a strong bullish move.
On the downside, support sits at $0.048, and a breakdown below that level could send the price to $0.029 or even $0.0119.
Official Trump (TRUMP)
The upcoming Trump Crypto Summit, set for tomorrow, could significantly impact Official Trump (TRUMP), a meme coin that has been struggling below $20 for over two weeks. The event could reignite interest in the coin, which has been in a downtrend for several weeks now.
TRUMP was one of the most hyped meme coins at launch, briefly reaching a $15 billion market cap. However, it has since lost over 80% of its value and is now worth $2.7 billion.
If momentum returns, TRUMP could test resistance at $14.4, $17.4, and $20.7, with a strong rally pushing it toward $24.5 for the first time since January 31.
On the downside, continued selling pressure could bring the price to support levels at $12.17 or $11, with a break below $11, making new all-time lows.
BONK
BONK, once the largest Solana meme coin, now holds the second spot after being surpassed by TRUMP, with a market cap of around $983 million.
Despite remaining one of the most relevant Solana meme coins, its valuation has dropped significantly from its $4 billion peak in November 2024. The broader Solana ecosystem has been in a sharp correction over the past 30 days, weighing on BONK’s price action.
If Solana and its meme coins regain momentum, BONK could test resistance at $0.000014 and $0.0000156. A breakout above these levels could push the price to $0.0000197, with a strong rally potentially sending it as high as $0.0000265.
However, if the correction continues, BONK could drop below $0.000012, test $0.0000109, and possibly fall under $0.00001 for the first time since December 2023.
AI16Z
AI16Z, a Solana-based crypto AI agent meme coin, has a market cap of around $315 million. Like the broader AI agent crypto sector, it has been in a sharp correction over the past 30 days, with its price dropping nearly 30%.
Despite this downturn, some AI-related coins have shown signs of recovery in the past week, creating uncertainty around the sector’s next move.
If momentum returns to the crypto AI agents narrative, AI16Z could test resistance at $0.419, with a breakout potentially sending it to $0.627.
On the downside, if the correction continues, the price could drop to test support around $0.25, and a break below that level would push AI16Z to its lowest price since November 2024.
Official Melania (MELANIA)
MELANIA, like TRUMP, could benefit from Trump’s Crypto Summit as investors look for catalysts in political-themed meme coins. Launched on January 19, MELANIA quickly surged to a $2 billion market cap but has been in a steep decline since, dropping 50% in the last 30 days.
The coin has struggled to find support, trading below $1 for more than a week and hovering near its all-time lows.
A strong rebound could push MELANIA to $0.94 and $1.296, with further momentum driving it to $1.39 and potentially $1.61 for the first time since February 6.
On the downside, if the selloff continues, MELANIA could break below $0.795 and $0.763, with a drop under $0.7 setting new record lows.
