The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s proposal to convert its Digital Large Cap Fund into a spot exchange-traded fund (ETF). This decision brings together Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), offering a new investment vehicle for U.S. investors. Grayscale’s BTC, ETH, XRP, ADA Large Fund Conversion to
Shiba Inu (SHIB) price is trading higher today, May 7, as the crypto market reacts to the bullish news around the possibility of the US and China reaching a trade deal. This meme coin may be on the verge of even more gains as speculation grows that institutions may turn towards SHIB. In this article, we look at how high Shiba Inu can rally and whether it will reach $0.0001 if CME launches the meme coin’s futures product.
Will CME Launch SHIB Futures?
The CME Group will be launching Ripple (XRP) futures on May 19, in a move that has fuelled speculation about whether SHIB will be next on the trading platform. While Shiba Inu already has a notable presence in the crypto derivatives market with $154M in open interest according to data from Coinglass, its entry into the CME could draw more institutional interest and support price gains.
CME has yet to unveil any plans to launch the product, but the current events in the crypto industry suggest that it may happen. The ongoing flurry of spot ETF filings for different altcoins is driving speculation on whether asset managers will also file for a spot SHIB ETF.
The SEC is already considering the submitted filing for a spot DOGE ETF, and per Bloomberg analysts, Dogecoin has an 80% chance of approval. With the possibility of a meme coin ETF entering the market, the crypto market is awash with expectations that the second-largest meme token, Shiba Inu, will follow.
However, the likelihood of a spot SHIB ETF filing and potential SEC approval remains unlikely, but the top meme coin already has an active derivatives market. This means that it is more likely for SHIB futures to launch before ETFs are filed.
Shiba Inu Price Targets $0.0001 as Bullish Pattern Emerges
Shiba Inu price is on the verge of massive gains as the technical outlook leans towards a bullish trajectory due to the appearance of a double-bottom pattern. This formation has appeared on the monthly chart as SHIB battles to defend support at $0.000010. This support level also doubles as a demand zone where buyers are likely to enter to support an upward trend.
If this altcoin can overcome resistance at the neckline of this double-bottom at $0.000021, it may pave the way for the next bull run and a Shiba Inu price prediction to the target price of $0.000030. Overcoming this resistance will then put the meme coin on the trajectory to reach the prior ATH of $0.000088, after which $0.0001 will be achieved.
SHIB/USDT: 1-Month Chart
Therefore, as speculation grows rife about a potential surge in institutional interest towards SHIB amid an already active derivatives market, CME may launch meme coins futures products. Such a launch may draw institutional demand, and see the Shiba Inu price record notable gains and possibly reach the $0.0001 price target as depicted in the double-bottom formation.
Several technical indicators suggest the YTD correction for ADA price has already hit the bottom.
Cardano price has experienced a high correlation with BTC in the recent past, signaling potential bullish sentiment ahead.
Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional investors’ adoption and global liquidity expansion, ADA price action has mirrored that of major altcoins led by Dogecoin (DOGE).
The large-cap altcoin, with a fully diluted valuation of about $31.8 billion and a 24-hour average trading volume of about $913 million, gained around 14 percent in the last seven days to trade about $0.7092 on Monday, during the mid-North American trading session.
Top Reasons Why Cardano Price Gained
According to market data analysis from Intotheblock, Cardano has depicted a correlation of 0.87 out of 1 with Bitcoin in the past 30 days. With Bitcoin (BTC) price attempting to rally beyond a crucial resistance level above $95k, ADA’s price is well positioned to break out in tandem.
Since U.S. President Donald Trump announced on April 9 via Truth Social that it was an opportune time to buy, Cardano’s Futures Open Interest (OI) has surged from $603 million to around $802 million at the time of this writing.
Midterm Targets for ADA
From a technical analysis standpoint, Cardano price is following a similar fractal pattern to DOGE in the 2017 cycle. Worth noting that the first explosive rally for altcoins in 2017 happened during the second quarter.
In the 3-day timeframe, ADA price has formed a symmetrical falling channel, which could be breached in the near future. According to crypto analyst Ali Martinez, ADA price is well positioned to rally towards 88 cents, if it consistently closes above the resistance level around 74 cents.
The post Cardano Price Forecast: Here is What Historical Data Reveals appeared first on Coinpedia Fintech News
Several technical indicators suggest the YTD correction for ADA price has already hit the bottom. Cardano price has experienced a high correlation with BTC in the recent past, signaling potential bullish sentiment ahead. Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional …
Made in USA coins like Solana (SOL), SUI, and Aerodrome Finance (AERO) are showing very different signals heading into the last week of April.
SOL is bouncing back with strong DEX volume, SUI is gaining ecosystem momentum despite price weakness, and AERO is under pressure as Base experiments with a new “Content Coins” narrative. From recovery rallies to ecosystem expansion and narrative shifts, each offers a unique setup to watch this week.
Solana (SOL)
Over the past seven days, Solana has climbed 6%, reclaiming the $130 level and reigniting bullish sentiment after correcting by 53% between February 7 and April 7.
If this positive momentum holds, SOL could challenge resistance at $147. A decisive break above that level may lead to further gains toward $160 and potentially $180.
However, if the rally stalls, support at $124 becomes critical. A drop below that could push prices down to $112, risking the recent recovery.
SUI
The SUI ecosystem has gained notable traction over the past few days, driven by a surge in meme coin activity and a spike in decentralized exchange (DEX) usage.
SUI reached $2.14 billion in DEX volume, placing it 6th among all chains and even surpassing Arbitrum’s daily volumes on several occasions.
Despite the ecosystem buzz, however, SUI’s price has struggled to keep up with the momentum.
Over the last seven days, SUI has dropped more than 9%, showing signs of a deeper correction. If the downtrend continues, it could test the key support at $2.02, with further downside toward $1.71 if that level breaks.
On the flip side, a bullish reversal could send SUI toward resistance at $2.28. A breakout there opens the door to $2.41, $2.54, and potentially $2.83 if the rally gains strength.
Aerodrome Finance (AERO)
Aerodrome, the leading decentralized exchange focused on the Base chain, has generated $6.38 million in fees over the past 30 days, solidifying its position as the backbone of Base’s DeFi activity.
Despite its dominance, AERO has been under pressure, falling over 10% in the last seven days and more than 20% in the last month.
At the same time, Base is pushing a new narrative centered around “Content Coins,” though some users argue they resemble meme coins more than a distinct innovation.
Base’s DEX volume has dropped 21% in the past week, but if the “Content Coins” trend gains traction, it could reignite interest in the ecosystem—and in AERO.
Should momentum return, AERO could climb to test resistance at $0.414, with potential upside toward $0.47 and $0.54 if the rally is strong.
On the downside, if bearish pressure continues, support at $0.36 is key. A breakdown there could lead to further losses toward $0.34 and possibly $0.28, making the coming weeks critical for AERO’s direction.