Coinbase stock will replace Discover Financial Services in the S&P 500 effective May 19, 2025.
COIN shares surged over 8 percent during Monday’s after-hours trading session.
Coinbase Global Inc. (NASDAQ: COIN) will be listed as part of the S&P 500 index, which tracks large-cap companies in the United States, on May 19, 2025. According to the announcement, Coinbase will replace Discover Financial Services (NYSE: DFS) in the S&P 500.
Furthermore, Discover Financial Services is being acquired by Capital One Financial Corp. (NYSE: COF), a constituent of the S&P 500 index.
The announcement received huge attention from the wider crypto community led by Michael Saylor, co-founder of Strategy. Moreover, the listing of Coinbase shares on the S&P 500 index further solidifies the growth and maturity of the cryptocurrency market and blockchain technology.
Congratulations @Brian_Armstrong on $COIN being added to the S&P 500 Index. A major milestone for Coinbase and for Bitcoin.
Following the announcement, COIN shares surged over 8 percent in Monday’s after-hours trading session to hover about $225. The large-cap company, with a market valuation of about $50 billion, successfully rebounded from a crucial support level above $150.
As a result, the COIN stock market is well positioned to rally beyond a crucial resistance level of around $348 in the near term. In the daily timeframe, COIN’s MACD line recently crossed above the seton line, amid the growing bullish momentum confirmed by the rising histograms.
Moreover, the company is heavily invested in Bitcoin and the wider altcoin market, which has signaled bullish momentum at the time of this writing. However, a consistent close below the recently established support level of around $150 will lead to further sell-off for COIN stock possibly towards the support level of around $116.
Stablecoins—cryptocurrencies pegged to stable assets like the USD—are drawing increasing attention from top payment companies. Recent reports claim stablecoin transaction volumes over the past year have surpassed Visa.
However, industry experts are skeptical of these numbers. This article explores the reasons behind that skepticism.
Why Experts Suspect Stablecoin Volume Might Be Inflated
Recently, Chamath Palihapitiya, CEO of Social Capital, posted on X that the weekly transaction volume of stablecoins has exceeded that of Visa, reaching over $400 billion. He added that companies like Visa, Mastercard, and Stripe are actively embracing the trend.
According to the data, in Q4 of 2024, the average weekly stablecoin transaction volume reached $464 billion. That’s significantly higher than Visa’s $319 billion. A Bitwise report estimates that stablecoins processed about $13.5 trillion in total transaction volume in 2024. This marks the first time stablecoin volume surpassed Visa’s annual total.
At first glance, this seems like a major milestone, suggesting that stablecoins could reshape the future of global payments. Citigroup even projects that the stablecoin market could reach $3.7 trillion by 2030.
Not everyone shares the enthusiasm. Some experts have warned that the reported stablecoin volume might be inflated. They argue it doesn’t reflect real economic activity and shouldn’t be directly compared with traditional systems like Visa.
Joe, an advisor at Maven 11 Capital, pointed out that professional traders can generate hundreds of millions in volume using very little initial capital.
“If you have $100,000 of USDC on Solana, you can do ~$136 million of ‘stablecoin volume’ for $1 in fees,” Joe said.
He used Solana as an example. Solana is a fast blockchain with extremely low transaction fees—about $0.0036 per transaction. Joe even joked that with $3,400, someone could double weekly stablecoin transaction volumes. He implied that the metric is easy to manipulate and not truly reliable.
Dan Smith, a data expert at Blockworks Research, strongly supported Joe’s view. Dan explained that using flash loans—uncollateralized loans in DeFi—can inflate volume even further at lower costs.
Flash loans allow users to borrow large sums without collateral, as long as they repay within the same transaction. This enables volume manipulation without requiring significant capital, further casting doubt on the numbers cited by Palihapitiya.
Rajiv, a member of Framework Ventures, was even more direct. He called stablecoin volume a “useless metric.” Dan Smith agreed. He added that the unusually high volume often signals exploitative behavior within the system.
Wash Trading and Bot Trading Undermine Economic Value
One key reason experts doubt stablecoin volume is the presence of wash trading and bot trading.
Wash trading involves repeatedly buying and selling between wallets controlled by the same person or entity. The goal is to artificially inflate transaction volume. Bot trading uses automated programs to conduct trades, often for arbitrage or fake liquidity.
A $1 million stablecoin transaction might just be money transferred between two wallets owned by the same person. It adds no real economic value. This contrasts sharply with Visa, where each transaction typically represents a real purchase or payment, like buying goods or services.
Last year, Visa’s dashboard also reported that only 10% of stablecoin transactions were genuine. A wash trading report by Chainalysis found that wash trades involving ERC-20 and BEP-20 tokens could total up to $2.57 billion in volume in 2024.
Ethereum (ETH) price at $1,805 shows resilience above the $1,800 mark despite the sudden shakeout in the crypto market. With short-term bullish resilience, the upcoming Pectra upgrade is expected to boost the ETH market price with multiple changes in the ETH mainnet, leading to increased scalability and additional features.
Ethereum Price Prepares Bullish Launch From $1,800
In the 4-hour price chart, the Ethereum price trend showcases a sideways movement above the $1,755 mark. This crucial zone marks a high-demand area extending between $1,754 and $1,765.
Providing multiple bouncebacks, the high-demand area and the 200 EMA line hold the Ethereum price uptrend. Currently, the Ethereum sideways movement marks a consolidation range with the upper ceiling near $1,855.
As the ETH price holds above $1,800 after a prevailing recovery, the 100 and 200 EMA lines are on the verge of giving a positive crossover. However, the RSI indicator reflects a loss of momentum as the consolidation range grows.
Currently, the 4-hour RSI line struggles to overcome the halfway line. Based on the Fibonacci levels, a bullish breakout of the upper ceiling at $1,855 will likely test the 78.60% Fibonacci level near $1,949.
Optimistically, the uptrend could reach the $2,100 mark near the previous swing high. On the flip side, the crucial support below $1,755 remains at the $1,676 level.
On-Chain Data Signals Potential Price Surge to $2,000
As Ethereum holds its ground near $1,800, the in/out of the money around price indicator from IntotheBlock reflects a strong resistance ahead. The initial supply zone extends from $1,805 to $1,857, holding a total volume of 5.85 million ETH in 4.48 million addresses.
This is significantly larger compared to the nearest demand zone, extending from $1,748 to $1,800, holding a total volume of 2.29 million ETH within 3.46 million addresses.
In/Out of the Money Around Price
However, considering the short-term spike in Ethereum exceeds the overhead supply zone, the Ethereum price could witness a smoother sale towards the $2,000 mark. This is due to the short-term supply zones ahead holding a significantly lesser supply.
Will ETH Price Bounce Back as Analyst Signals an Ease in Selling Pressure?
As Ethereum hangs close to a crucial support, the spot volume is on a cooldown stage. As per the on-chain analyst DarkFost, this sudden slowdown in the Ethereum spot volume could actually be a good signal for a potential bullish recovery.
Based on the Ethereum spot volume bubble map by CryptoQuant, the analyst highlights the sudden drop in the spot volume, meaning the bigger the bubble, the higher the volume. Similarly, the change in the spot volume is denoted by the color of each bubble.
Currently, the sudden cool-off in the spot volume aligns with the prevailing correction in the Ethereum price trend. Witnessing a volume decline as the asset price declines could help reduce volatility under such conditions. This could also potentially reflect the slowdown in the selling pressure.
Ethereum spot volume bubble map
However, the analyst warns that the slowdown in the selling pressure does not mean the bottom is in.
The Pectra Upgrade Hype
The upcoming Pectra upgrade in Ethereum is likely to bring multiple key refinements to the mainnet. As per a recent tweet by Nansen AI, the key changes include the validator’s consolidation, reaching a 2,048 ETH market cap from the previous 32 ETH limit.
Furthermore, the Layer 2s can get cheaper, as blobs per block grow by 100% from 3 blobs to 6 blobs. Additionally, the EIP-7702 will bring temporary smart contract functionality to Ethereum wallets.
Overall, the key functionality brings faster staking, lower Layer 2 transaction fees, smarter wallets, and the Pectra Upgrade. These key upgrades will bring higher yields for stakers with easier operation.
Furthermore, roll-ups like Optimism and ZK-Sync will benefit from the cheaper data posting, with the increase in blobs per block. Decentralized applications (dApps) on the Ethereum ecosystem will be able to process batch transactions as gas sponsorships become easier.
Despite multiple upgrades, there are potential risks involved in the Pectra upgrade. Such as the validator’s consolidation could increase the risk of centralization on the Ethereum mainnet. Furthermore, the reliance of dApps on call data could increase transaction costs.
Finally, the growth of the smart wallet with the upgrade of EIP-7702 depends on the developers’ adoption. Nevertheless, the upcoming launch of Pectra upgrade shows potential to result in a massive Ethereum price surge.
Coinbase Announces Halt in Ethereum Deposits Ahead of Pectra
With the Pectra upgrade scheduled on May 7 at 3.05 am PT, Coinbase has announced a temporary pause of Ethereum deposits and withdrawals. This is to ensure the safety of the user’s funds. The temporary pause will extend from 2.50 am to 3.45 am PT.
Additionally, the initiation of new staking requests during this cool-off period will be delayed until 3.45 am PT. However, no existing stake positions will be impacted.
The live price of the Raydium crypto is $ 2.29011655.
RAY price could reach a high of $5.13 in 2025.
Raydium coin price may reach a high of $39.00 by 2030.
Built on the Solana chain for the Serum DEX, Raydium is an AMM and a liquidity provider. Notably, funds deposited into Raydium are converted into limit orders which are recorded on the Serum orderbook.
With this, Raydium LPs are accessible to all of the Serum order flow. Moreover, its native token “RAY” is used for staking to earn protocol fees, staking to receive IDO allocations and Governance voting.
However, with questions like “Is RAY a good investment?”, investors are concerned about its long-term prospects. Planning on investing in this cryptocurrency? In this article, we have covered the Raydium (RAY) Price Prediction from 2025 up to 2030!
Raydium has launched a memecoin creation platform, LaunchLab, aiming to rival Pump.fun. LaunchLab offers free token launches, customizable bonding curves, and zero migration fees. Developments like this could propel the RAY price to greater heights.
In the best-case scenario, this Solana-based altcoin could close the year with a potential high of $5.13. On the contrary, increased market volatility or unfavorable crypto regulations could result in it recording a potential low of $1.71 during 2025.
The Raydium predictions for 2026 could range between $2.57 and $7.70, with an average price of around $5.13.
Raydium Coin Price Projection 2027
By 2027, the RAY crypto token Price could vary between $3.85 and $7.70, and a potential average value of around $11.55.
RAY Crypto Price Target 2028
Looking forward to 2028, the Raydium Price may range between $5.78 and $17.33, and a potential average value of around $11.55.
Raydium Price Analysis 2029
During 2029, the Raydium cryptocurrency may hit a low of $8.67, with a high of $29.01. With this, the average trading price could land at $26.00.
RAY Crypto Price Prediction 2030
Looking forward to 2030, the Raydium (RAY) Price could hit a low of $13.00 with a high of $39.00, and a potential average value of around $26.00.
Market Analysis
Firm Name
2025
2026
2030
Wallet Investor
$4.659
$6.770
$12.423
priceprediction.net
$3.06
$4.54
$21.24
DigitalCoinPrice
$4.80
$5.52
$11.97
*The aforementioned prices are the average targets set by the respective firms.
CoinPedia’s Raydium Price Target
With the increasing adoption of the Solana chain in the crypto space, major projects have experienced a significant uptrend in their respective valuations this year. This suggests that the Raydium token may undergo a similar price action in the upcoming time.
If the bullish sentiment intensifies, the Raydium Price for this year could range between $1.71 and $5.13. Considering the current market sentiments, the average price of this altcoin could potentially land at around $3.42.
With increasing bullish sentiment in the crypto space, expert analysts predict this crypto to make a cautious recovery in the near future.
Is Raydium a good project?
Due to various factors, the Raydium (RAY) project is currently considered to be a high-risk investment.
What is the all-time high for Raydium Crypto?
The ATH of the RAY token is $16.33 and was achieved on 13th September 2021.
Is Raydium a good project?
Reportedly, Raydium has a very high possibility of experiencing major financial distress in the coming time.
Raydium Price Prediction: How High Could RAY Go?
The RAY price may record a high of $39 by the end of this decade.
Is Raydium built on Solana?
Yes, built on the Solana blockchain, Raydium applies the Automated Market Maker (AMM) mechanism.
How much is the RAY token worth?
At the time of writing, the value of one Raydium token was $2.28.
The post Raydium Price Prediction 2025, 2026 – 2030: Will RAY Price Soar 100%? appeared first on Coinpedia Fintech News
Story Highlights The live price of the Raydium crypto is . RAY price could reach a high of $5.13 in 2025. Raydium coin price may reach a high of $39.00 by 2030. Built on the Solana chain for the Serum DEX, Raydium is an AMM and a liquidity provider. Notably, funds deposited into Raydium are …
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