Asset manager Bitwise has made its next move in a bid to offer a NEAR ETF, filing its S-1 form with the US Securities and Exchange Commission (SEC). This development provides a bullish outlook for the Near Protocol price, with institutional investors gaining exposure to the altcoin through this fund.
Bitwise Registers NEAR ETF Filing With US SEC
A SEC filing shows that Bitwise has registered its proposed NEAR ETF with the US SEC. This move is part of the plans to launch a fund that will directly track the value of the Near Protocol price and provide investors with exposure to the altcoin.
This comes following the asset manager’s registration of the Near Protocol ETF in Delaware. Following this filing, the firm will now move to file a 19b-4 form for the ETF with the Commission through an exchange. This will officially kickstart the approval process as the exchange declares its intention to list and trade the fund on its platform.
The Commission already has several filings for other altcoin ETFs on its desk, including ones from Bitwise. Bitwise has already filed for Solana, XRP, Dogecoin, and Aptos ETFs.
However, the SEC has shown it is in no hurry to approve these funds despite the regulatory-friendly environment that the Commission has created under this new administration. The agency has so far delayed its decision on all other crypto ETFs, with the latest being Canary Capital’s Litecoin ETF filing.
Insight Into The Altcoin’s Current Price Action
Amid Bitwise’s NEAR ETF filing, crypto analyst Lycus has provided insights into the Near Protocol’s current price action. He remarked that the altcoin’s price appears to be stabilizing above the $1.75 support zone.
The analyst added that if it can reclaim the $3.70 resistance, there could be a price surge towards the $5 level. Lycus affirmed that the NEAR price is showing strong support and advised market participants to wait for a small wick around $2.65 if they are planning to accumulate.
On Wednesday, Bitcoin spot ETFs recorded their first net outflow since April 16, halting an eight-day streak of consistent inflows.
The outflow marked a notable reversal after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions.
Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action
Yesterday, the total net outflow from BTC spot ETFs came to $56.23 million. This sudden shift in funds flow suggests a potential cooldown in institutional demand following a sustained period of accumulation.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
BTC’s price consolidation since April 25 may have prompted this pullback. An assessment of the BTC/USD one-day chart reveals that the leading coin has traded within a narrow range since then, facing resistance at $95,427 and finding support at $93,749.
With BTC consolidating tightly and failing to break key levels, some key investors are opting to de-risk their positions by temporarily withdrawing capital from BTC-backed funds. An extended period of sideways price action comes with uncertainty around short-term momentum, making it harder to sustain the aggressive inflows into BTC ETFs.
On Wednesday, BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to buck the trend, recording a net inflow of $267.02 million, bringing its total historical net inflow to $42.65 billion.
Fidelity’s FBTC saw a $137.49 million exit from the fund in a single day. Despite the drawdown, FBTC’s total historical net inflow stands at $11.63 billion.
BTC Derivatives Market Shows Mixed Sentiment
Meanwhile, despite the recent price consolidation, derivatives market data reflect a mixed sentiment among traders. Open interest in BTC futures has declined slightly over the past day, signaling reduced activity.
At press time, this stands at $61.50 billion, noting a 1% dip over the past day. A drop in open interest like this suggests that traders are closing out positions rather than opening new ones. This trend reflects uncertainty or waning conviction in BTC’s short-term price direction.
However, the coin’s funding rate remains positive, indicating that long traders are still dominant. As of this writing, this stands at 0.0039%, confirming the preference for long positions over short ones.
This bullish sign indicates that despite BTC’s price stagnancy, many of its futures traders are still opening bets in favour of a price rally.
Additionally, the options market shows a higher volume of call contracts than puts, a sign that some market participants will continue to bet on an upward breakout in the near term.
The pullback in ETF inflows may reflect profit-taking after a strong April performance, but data from both futures and options markets suggest investors are not turning bearish just yet.
Cardano price reclaims $0.70 as Hoskinson unveils AI agent rollout; on-chain data suggests highly-correlated altcoins like AVAX and LTC may rally alongside ADA.
Cardano Rallies Past $0.70 as Hoskinson Unveils AI-Powered Network Testing
Cardano price climbed 1.5% to surpass the $0.70 mark on Saturday, reversing weekly losses and building bullish momentum.
Over the past 14 days, ADA price has gained 13.3%, driven by investor optimism surrounding a new network update disclosed by Cardano founder Charles Hoskinson.
In a recent post on X, Hoskinson confirmed that Cardano is launching a testnet for its Leios protocol—an advanced initiative aimed at dramatically increasing transaction throughput.
Positioned within Cardano’s 2025 roadmap, Leios is designed to address scalability and prepare the network for post-quantum cryptographic standards.
What sets this testnet apart is the deployment of thousands of AI agents programmed to interact, trade, and simulate high-frequency network transactions
AI Integration Could Push Cardano’s Market Cap Toward $50 Billion
At the time of writing, Cardano trades just above $0.70, valuing the network at $25.5 billion. If AI integration succeeds in delivering its stated scalability goals, Cardano’s valuation could potentially double in the coming months.
Charles Hoskinson shares updates on Leois protocol initiative, May 2, 2025 | Source: X.com
First, the Leios protocol, by increasing network throughput. With faster settlement and reduced latency, Cardano becomes a more viable infrastructure layer for DeFi, gaming, and tokenized real-world assets.
Second, the use of autonomous AI agents aligns Cardano with a growing global trend. Major corporations are investing in AI-powered workflow automation, from logistics to finance. Each of these factors could potential fuel economic activty and capital inflows towards the Cardano network, potentially doubling its market cap from $25 billion to $50 billion in the coming years.
Cardano Rivals to Watch If ADA Market Cap Doubles on AI Momentum
If Cardano’s AI-driven roadmap delivers results, investors may seek exposure to similar assets showing strong correlation to ADA.
IntoTheBlock‘s Correlation Matrix chart below shows top 10 ranked altcoins and their directional movements relative to ADA price over the last 30-days.
Within this context, correlation values closer to 1.0 indicates strong positive correlation. Over the past month, the following tokens have shown high directional movement alongside Cardano.
Litecoin (LTC) shows the strongest correlation with ADA at 0.97.
Avalanche (AVAX) and Shiba Inu (SHIB) each post a 0.96 and 0.95 correlation, respectively, making them top candidates for joint rallies with ATA.
Dogecoin (DOGE) also shows a 0.95 correlation, reflecting shared interest among retail-heavy communities.
Polygon (MATIC), another high-performance layer-2 network, tracks ADA with a 0.90 coefficient, signaling mutual investor confidence in the scalability narrative.
While correlation indicates movement trends, it does not imply causality. However, these have clearly benefitted from the same investor psychology and directional capital flows that lifted ADA price over the last 30-days.
Cardano Price Forecast Today: ADA Eyes $0.76 Target if Bulls Sustain AI Optimism
Cardano price closed at $0.7110 on May 3, staging a 1.85% daily advance despite subdued trading volumes throughout the week. The ADA/USDT daily chart reflects a short-term consolidation pattern as price action remains boxed within the Keltner Channel boundaries between $0.6816 and $0.7607.
This range-bound movement, coupled with a tapering volume profile, points to indecision in the near term.
However, the latest trend still carries a stronger bullish narrative supported by the recent AI agent announcement from Charles Hoskinson, which has injected fresh speculative interest into the network’s future growth prospects.
The MACD histogram continues to trend upward above the zero line, suggesting ongoing momentum. The MACD line itself has crossed above the signal line—a classic bullish setup. However, the shallow angle and muted volume imply a lack of conviction from traders, warranting caution. Cardano price forecast today is moderately bullish in structure, supported by a successful defense of the $0.68 mid-band level.
While short-term upside could be capped at $0.76, sustained optimism around AI-driven decentralization could help ADA reclaim the March highs above $0.90.
The live price of the Polygon coin is $ 0.21819891.
The MATIC price could reach a maximum of $0.47181 in 2025.
POL price with a potential surge may reach a high of $4.94731 by 2030.
Notably, with Polygon’s latest migration of its native token from MATIC to POL, it has entered into its Polygon 2.0 roadmap. The latest road map highlights the evolution into a zkEVM system, complete with its network of application-specific blockchains. With this, POL will bring added utility to the network.
Moreover, with Polygon hovering close to its $0.215 mark, investors are curious about whether the Polygon price can rebound to $1. Will Polygon go up? And is Polygon a good investment?
We bring our Polygon Price Prediction for 2025 – 2030 to explore the MATIC price prediction and answer such questions for you.
The MATIC price forecast for 2025 predicts a new all-time high formation with the large-scale adoption of Polygon 2.0.
With a potential high of $0.47181, the POL price is set to sustain the bull run. However, a short correction may reach a potential low of $0.11795, making an average of $0.29488.
Anticipating further expansion, MATIC’s potential high for 2026 is projected to be $0.75490, while the potential low is estimated at $0.18872, resulting in an average price of $0.47181.
POL Price Prediction 2027
MATIC crypto can make a potential high of $1.20784 in 2027, with a potential low of $0.30196, leading to an average price of $0.75490.
Polygon Crypto Price Forecast 2028
As the POL price progresses, the potential high price for 2028 is projected to be $1.93254, with a potential low of $0.48313, resulting in an average price of $1.20784.
MATIC Coin Price Projection 2029
Polygon coin price potential high for 2029 could be $3.09207, while a potential low of $0.77299, with an average price of $1.93254.
Polygon Price Prediction 2030
With an established position in the market, MATIC’s potential high for 2030 is projected to be $4.94731. On the flip side, a potential low of $1.23678 will result in an average price of $3.09207.
Market Analysis
Firm Name
2025
2026
2030
CoinCodex
$ 0.370506
$ 0.256666
$ 0.610569
Binance
$0.185326
$0.194592
$0.236528
CoinPedia’s MATIC Price Prediction
Coinpedia’s price prediction for Polygon is bullish, suggesting MATIC crypto price may reach new swing highs and possibly surpass its all-time high in the coming time.
The Polygon Price Forecast 2025 predicts a swing high of $0.47181, with an average price of $0.29488.
Year
Potential Low
Potential Average
Potential High
2025
$0.11795
$0.29488
$0.47181
FAQs
Is MATIC a good investment?
Yes, it is a profitable investment, but the digital asset should be under due consideration for the long term.
How high can Polygon MATIC price go by 2025?
According to our MATIC price prediction, the altcoin could reach a maximum of $0.47181 by 2025. With a potential surge, the price could go as high as $4.94731 by 2030.
Is Polygon better than Solana?
While it is not a direct apples-to-apples comparison, as one is a layer-2 and the other is a layer-1.
How high can Polygon MATIC transactions go?
At its best, it can process 65,000 transactions per second.
Why Polygon is faster than Ethereum?
The major functionality of this altcoin is to enable the multichain Ethereum ecosystem. It provides a network that offers interoperability between previous and present infrastructure scenarios of Ethereum.
Can polygon hit $100?
The target of MATIC Price achieving $100 is possible over the next 18 years.
Has MATIC changed to POL?
Yes, MATIC has been upgraded to POL as the network token for Polygon.
MATIC
BINANCE
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Story Highlights The live price of the Polygon coin is . The MATIC price could reach a maximum of $0.47181 in 2025. POL price with a potential surge may reach a high of $4.94731 by 2030. Notably, with Polygon’s latest migration of its native token from MATIC to POL, it has entered into its Polygon …
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