Gold is projected to surpass $3,000 per ounce in 2025, driven by strong macroeconomic and geopolitical factors.

At the heart of gold's potential surge is the current macroeconomic landscape that’s characterized by persistent inflation and anticipated monetary policy shifts. Inflation rates in the U.S. are expected to remain above the Federal Reserve's target of 2%, creating an environment in which gold is expected to serve as a crucial hedge against currency devaluation. When inflation erodes purchasing power, investors often turn to gold to preserve their wealth.

Moreover, the Federal Reserve has signaled a shift toward monetary easing, with market expectations indicating potential interest rate cuts in the coming months. Lower interest rates decrease the opportunity cost of holding gold, making it a more attractive investment as compared to interest-bearing assets, such as bonds and savings accounts. With real interest rates projected to remain low or even go negative, gold could experience renewed demand as a safe store of value.

Geopolitical tensions further bolster gold’s appeal. Ongoing conflicts, particularly the strained U.S.-China relationship and the Russia-Ukraine war, create an atmosphere of uncertainty that drives investors toward safe-haven assets. During times of geopolitical instability, gold has historically seen increased demand as investors seek to mitigate risks associated with market volatility.

As global tensions escalate, the demand for gold is likely to rise, reinforcing its status as a reliable hedge against financial instability. Investors tend to flock to gold during crises, viewing it as a secure asset that retains its intrinsic value, especially when other markets are under pressure.

Another significant factor contributing to the bullish outlook for gold is the unprecedented demand from central banks around the world. In 2024, central banks collectively purchased over 1,000 metric tons of gold, marking one of the highest levels of accumulation in recent history. This trend is expected to continue into 2025, particularly among countries like China and Russia that are actively reducing their reliance on U.S. dollar reserves as part of a broader de-dollarization strategy.

This central bank buying provides a strong structural support for gold prices, minimizing downside risks. As these institutions accumulate more gold, the resulting scarcity in the market could lead to higher prices. The growing demand from central banks underscores the renewed confidence in gold as a strategic reserve asset, especially amidst economic volatility and geopolitical tensions.

From a technical perspective, gold is currently in a robust uptrend, trading above key moving averages and nearing critical resistance levels. If gold successfully breaks through the psychological barrier of $3,000 per ounce, momentum could carry it toward higher price targets, potentially reaching $3,200 or even $3,500. 

, such as relative strength index (RSI) and moving average convergence divergence (MACD), suggest that gold remains in a bullish phase, indicating further upside potential.

As gold approaches these key resistance points, technical traders will closely monitor its price movements. A successful breach of the $3,000 level could trigger momentum buying, propelling prices higher as investor confidence grows.

Finally, rising investor sentiment plays a crucial role in gold’s potential price surge. Increased inflows into gold-backed 

 (ETFs), in addition to speculative positioning in futures markets, reflect strong confidence among both retail and institutional investors. As ETF holdings rise, it signals renewed interest in gold as a safe-haven investment.

This optimism is bolstered by a general shift in market sentiment as investors are increasingly turning to gold amid concerns over economic stability and inflation. The combination of robust technical indicators, macroeconomic pressures and favorable investor sentiment positions gold favorably for a significant price increase in 2025.

In summary, gold is well-positioned to reach $3,000 per ounce in 2025, driven by a combination of persistent inflation, geopolitical uncertainty, strong central bank demand and positive technical indicators. As investors seek refuge in safe-haven assets, gold’s intrinsic value and historical performance during times of crisis will make it an attractive option for preserving wealth. The confluence of these factors suggests that gold's upward trajectory could continue, making 2025 a pivotal year for this precious metal.

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Bybit Commodity Insight Report: Why Gold Is Poised to Reach $3,000 in 2025

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

Macro headwinds are impacting the crypto market, with a sell-off that began over the weekend deepening this week. BTC, ETH and most altcoins are declining alongside equities, gold and treasury yields, though derivatives markets are showing little bearish sentiment or increased volatility expectations. Among perpetuals, there are record consistent positive rates across most markets, indicating a reset in positioning. Meanwhile, ETH retains a volatility premium over BTC, but its term structure hasn’t inverted as sharply as in earlier sell-offs this month.

Please check out the report’s highlights.

Funding Rates Largely Positive Amid Sell-Off

Despite risk-off sentiment across asset classes this weekend and early this past week, USDT-denominated perpetual contracts have shown their most consistently positive funding rates within the past month. While these rates haven't reached the bullish levels of early December 2024, most have returned to a neutral level of 0.01%, signaling a reset in positioning due to recent market movements.

Tuesday's intensified risk-off sell-off led to a significant spike in BTC put trade volume as traders hedged against further declines. Unlike ETH, which leans bullish on calls, BTC's open interest is balanced between upside and downside protection. The volatility term structure is flat again, typical during sharp market moves, but this reflects a decline in longer-dated options, rather than a rise in short-term expectations.

As the sell-off in risk-on assets deepened this past week, ETH outperformed BTC. ETH derivatives markets are showing stronger sentiment, with higher call trade volumes indicating greater demand for upside positioning as compared to puts. However, ETH's volatility term structure has inverted more sharply than BTC's, as seen in previous significant market moves since last November (2024), with front-end volatility levels 15 points above those of BTC options with a similar tenor.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 26, 2025): Reset in Sentiment Brewing as Fund Rates Turn Positive

Explore four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

With the rise of gamified crypto events, EcoGalaxy: Mantle Surge stands out as one of the most exciting opportunities for users to earn rewards while engaging with both Bybit and Mantle Network. This limited-time event offers participants a shot at a 1,000,000 MNT prize pool when they complete on-chain and trading-related tasks. 

To help you maximize your rewards and ensure you get the most out of this event, in this guide we’ll break down four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

EcoGalaxy: Mantle Surge is a limited-time campaign that rewards participants with a share of a 1,000,000 MNT prize pool when they complete both Bybit and on-chain tasks. Players earn "wishes" that can be used to enter Lucky Draws or climb the leaderboard for greater rewards.

This campaign, hosted by Bybit in collaboration with Mantle, blends gamification with 

 engagement, offering users multiple ways to win. Participants can choose to rely on chance via the Lucky Draw or strategically allocate their wishes to compete on the leaderboard. The event runs from Mar 6, 2025 to Mar 27, 2025, making it a limited-time opportunity to accumulate rewards while exploring the Mantle ecosystem.

4 Tips to Maximize Your Wishes and Rewards in EcoGalaxy: Mantle Surge

To make the most out of EcoGalaxy: Mantle Surge, you need to strategize your wish allocation, complete as many tasks as possible and take advantage of all available earning mechanisms. Here are four essential tips to maximize your rewards:

One of the best ways to earn high-value rewards in EcoGalaxy: Mantle Surge is by competing on the leaderboard. There are a total of five rounds, and the rewards are higher with each passing round. 

The more wishes you allocate toward leaderboard rankings, the higher your position and the larger your rewards. However, since the leaderboard is dynamic, your rank can change based on the activity of other participants.

Since leaderboard positions fluctuate, it’s recommended that you monitor your ranking regularly and adjust your strategy accordingly. Players who accumulate the most wishes by the end of each leaderboard round will receive the greatest rewards.

 that each round’s rewards and wishes are calculated independently, and any wishes spent in a round won’t carry over to the next round.

If you prefer an element of surprise, the Lucky Draw is your best bet. By spending wishes on Lucky Draw attempts, you earn the chance to win instant prizes. The Lucky Draw operates on a first-come, first-served basis, so the earlier you participate, the better your chances of securing top-tier rewards.

Since rewards are limited, it's advisable to use your wishes early before the top prizes run out.

An easy way to earn free points in this campaign is by holding Mantle (MNT) and/or Mantle Restaked ETH (cmETH) in your Bybit account. By simply keeping these assets in your wallet, you’ll receive additional wishes, increasing your chances of winning more rewards.

This passive method of earning wishes ensures that you accumulate extra points without actively completing tasks, making it one of the simplest ways to boost your rewards.

Another hidden gem for doubling your rewards in EcoGalaxy: Mantle Surge is through Layer 3. Participants who complete specific Layer 3 quests will receive extra bonuses, including double rewards on certain tasks.

By leveraging Layer 3 bonuses, you can significantly boost your total wish count, increasing your chances of securing leaderboard positions or hitting big wins in the Lucky Draw.

If you’re looking for a fun and rewarding way to engage with the Mantle ecosystem, EcoGalaxy: Mantle Surge is definitely an event worth joining. With 1,000,000 MNT up for grabs, both casual users and seasoned traders can benefit from this campaign.

The event's dual-reward system allows participants to tailor their strategy based on their preferences. Whether you enjoy the thrill of luck-based rewards or prefer the competitive edge of leaderboard climbing, this campaign offers something for everyone.

Additionally, holding MNT and cmETH provides passive earnings, while Layer 3 integration presents an opportunity for double rewards — making the experience even more lucrative for active participants.

EcoGalaxy: Mantle Surge is a limited-time, gamified rewards campaign that blends trading, staking and on-chain interactions. By completing tasks, holding Mantle assets and strategically using your wishes, you can maximize your rewards and secure your share of the 1,000,000 MNT prize pool.

This event runs from Mar 6, 2025 to 27, 2025, so now is the best time to get started. Are you ready to explore the Mantle ecosystem and claim your rewards? Join EcoGalaxy: Mantle Surge today!

Beginner

how to participate in ecogalaxy mantle surge

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Join Bybit’s AI-DOL SUPERSTAR Trading Battle, vote for top AI projects and compete for a share of a $1M prize pool. Earn rewards while shaping the future of AI in crypto.

The Bybit AI-DOL SUPERSTAR Trading Battle is an exciting and innovative trading and voting event that aims to identify and support high-potential AI projects within the cryptocurrency space.

As artificial intelligence (AI) continues to revolutionize blockchain technology, this competition offers users a unique opportunity to engage with emerging AI-driven crypto projects while earning substantial rewards of up to $1 million.

 (AI) and cryptocurrency is reshaping blockchain and 

 — autonomous programs powered by machine learning — are revolutionizing the sector by automating trading strategies, optimizing portfolio management and executing on-chain decisions with minimal human input.

These intelligent agents analyze vast datasets, identify market trends and execute trades in real time, significantly enhancing efficiency and reducing risks in the volatile crypto market. Their role extends beyond trading, influencing DeFi protocols, NFT markets and blockchain governance.

Bybit is at the forefront of this AI-driven transformation, launching the 

 to spotlight high-potential AI projects. This event provides a launchpad for groundbreaking AI applications, connecting innovators with a global crypto audience.

What Is the Bybit AI-DOL SUPERSTAR Trading Battle?

Bybit is launching a unique AI trading event designed to highlight the most promising AI-driven crypto projects.

AI is revolutionizing crypto markets, with automated trading bots now executing over 60% of all crypto transactions. The integration of AI and blockchain is unlocking new trading strategies, DeFi innovations and web3 applications, making the AI sector one of the most promising in crypto.

Bybit’s AI-DOL SUPERSTAR Trading Battle bridges AI and blockchain, providing a global stage for emerging projects to gain exposure to a global audience. Participants play an active role in shaping the future of AI in crypto while earning rewards.

How to Participate in the AI-DOL SUPERSTAR Trading Battle

Campaign Period: Feb 28, 2025, 10AM UTC – Mar 27, 2025, 10AM UTC

Bybit users can support AI projects and earn rewards by participating in this AI-powered trading competition. Here's a step-by-step guide to joining:

Projects earn voting points from the following ways:

By actively trading and voting, participants not only have a chance to earn from the $1 million prize pool, but will also play a crucial role in shaping the future of AI in the crypto industry.

Bybit's AI-DOL SUPERSTAR Trading Battle offers an exciting $1 million prize pool, with multiple ways for participants to win rewards.

*Note that to win the prizes, there is a minimum number of voting points required. For example, to win the largest prize of $50,000, 600,000 voting points are required. Refer to the event page for more details. 

The breakdown of how votes are allocated for Bybit Spot is as follows:

The breakdown of how votes are allocated for Bybit Web3 is as follows:

The maximum number of daily votes that a user can receive is 100,400 (50,200 for Bybit Spot and Web3 respectively).

By trading, voting and engaging in the competition, participants not only support innovative AI projects but also receive a chance to maximize their earnings in this high-stakes trading battle.

Bybit's AI-DOL SUPERSTAR Trading Battle offers a distinctive platform that connects cryptocurrency traders with AI innovators. Participants are invited to support leading AI projects, earn attractive rewards and contribute to shaping the future of AI within the crypto ecosystem. 

 and be part of the AI-driven revolution on Bybit!

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How to Participate in Bybit’s AI-DOL SUPERSTAR Trading Battle

Memes

Explainers

Altcoins

ConstitutionDAO was a crowdfunding DAO with the goal of purchasing a rare copy of the 1787 version of the U.S. Constitution.

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In the cryptocurrency space, a decentralized autonomous organization (

) is a governing entity within a crypto project that distributes authority among members who hold 

. Operating on a community-driven model, a DAO adopts a bottom-up structure. The members of the DAO hold governance tokens that grant 

 voting rights on various matters related to the entity. The DAO’s governing activities and votes are recorded via smart contracts to preserve integrity and transparency.

ConstitutionDAO was a decentralized autonomous organization whose specific one-time purpose was to purchase an official document for preservation. It played a pivotal role in influencing future projects that utilize DAOs for crowdfunding, despite ultimately falling short of its intended goal.

 was a decentralized autonomous organization that was launched in November 2021 through a crowdfunding initiative by Graham Novak and Austin Cain. This new project was formed for the exclusive purpose of obtaining the 1787 limited edition copy of the Constitution of the United States, of which only 13 copies exist.

ConstitutionDAO made history as the first DAO project to raise funds for the preservation of a founding document in the physical world. While it successfully raised capital from over 17,000 contributors, with a fund totaling more than $42 million, ConstitutionDAO still failed in its intention to purchase the rare copy of the U.S. Constitution from 1787. Nevertheless, it has served as an inspiration for future projects that will benefit the real world. As a failed DAO project, however, it also created financial loss for its investors.

ConstitutionDAO was founded by Graham Novak and Austin Cain, two residents from Atlanta, Georgia in the field of finance. On a Discord platform, they proposed buying a copy of the remaining 13 official copies of the U.S. Constitution from 1787 and began fundraising on Juicebox, the 

ConstitutionDAO exceeded its initial crowdfunding target of $20 million in just five days, and within a week over 17,000 contributors had helped pool $42 million in Ether (ETH). Of these 17,000 donors, 2,300 were reportedly first-time ETH users. Contributors were rewarded with PEOPLE tokens, granting them membership status within the DAO. If ConstitutionDAO won the bid, its members would be able to vote on where and how to display the treasured document.

ConstitutionDAO's popularity was partially attributed to the astute use of memes that caused it to go viral. Memes related to the 2004 film "National Treasure," in which Nicolas Cage starred in the lead role, popped up on Twitter, further aiding its breakneck pooling of funds. Its slogan, #WAGBTC (“We Are Going to Buy the Constitution") further stirred public interest as it trended.

Despite its tremendous fundraising, ConstitutionDAO’s $42 million bid ultimately lost to billionaire hedge fund CEO Kenneth Griffin, who bid for $43.2 million at the Sotheby's auction in November 2021. Afterward, ConstitutionDAO was criticized for publicly announcing its maximum bid, and just a week after it had launched, it dispersed. All of its members were given the option of a refund by exchanging PEOPLE for ETH. Given the exorbitant price of 

, however, this would pose a financial loss for PEOPLE holders, should they choose to redeem their PEOPLE tokens for ETH.

Although its bid fell short, ConstitutionDAO became a part of cryptocurrency history as the first DAO project to raise funds in an attempt to purchase a historic document. This marked a revolutionary moment in the crypto sphere, encouraging projects to pool the collective resources of members and use the tool of partial ownership interests for the acquisition and management of rare items in the physical world. However, it also underscored the need for substantial improvements in utilizing DAOs for crowdfunding and acquiring rare assets in the future.

Those who invested in ConstitutionDAO received a million PEOPLE tokens for every ETH they contributed. In addition to enabling participation in the pooled purchase of a copy of the Constitution of the United States, PEOPLE tokens were supposed to give members smart contract voting rights to steer the project’s future plans. For example, if the DAO had won the bid at the Sotheby’s auction, its next votes would have been in regard to the exhibit location for the document and how long it would remain on exhibition, as well as next steps for the community of those holding PEOPLE tokens.

In reality, the ability to vote on future plans never materialized. While the community was said to be a DAO, its core members were the “shadow rulers” who made independent decisions without any discussions among the community. For instance, the project disbanded without a community vote. Members had the choice to receive refunds, but the high cost of ETH gas fees prevented many PEOPLE token holders from redeeming their PEOPLE for ETH.

A DAO’s most fundamental principle is that every member possesses voting power. The numerous holders of ConstitutionDAO’s PEOPLE tokens didn’t have voting power at the organization’s most critical decision-making junctures. Because of this, many people thus assert that ConstitutionDAO isn’t a truly decentralized autonomous organization.

PEOPLE is the governance token of ConstitutionDAO, though its lack of actual utility makes it more of a 

. Notably, the project has stated that it didn’t offer partial ownership of the copy of the U.S. Constitution to those who held PEOPLE tokens. Instead, the project provided voting members with the ability to decide where the rare document would be displayed, in addition to other related administrative matters. In addition, ConstitutionDAO has said that its token holders shouldn’t have considered their purchase of PEOPLE tokens as an investment.

Instead, according to ConstitutionDAO, token holders were donating toward the organization's goal and receiving governance rights, rather than a fractional ownership of the document itself. 

However, the meme publicized by the founding members had said, "Buy the Constitution." This directly opposes what the DAO’s founding members have subsequently said, and has led some people to believe they would have had fractional ownership in the copy of the U.S. Constitution. Still others had simply invested with the hopeful assumption that the PEOPLE token's value would skyrocket.

In spite of ConstitutionDAO’s announcement that voting power would be granted to those who held PEOPLE tokens, the specific details of governance were never published. Following its failure to win the Sotheby’s bid, ConstitutionDAO made a series of decisions without any votes from PEOPLE token holders.

The ConstitutionDAO core team announced that those who had purchased PEOPLE tokens in November 2021 were given the chance for a refund, minus Ethereum gas fees. Members could claim their refund at any time, potentially enabling them to use their tokens to profit from price volatility. In reality, substantial gas fees have led to financial losses for investors seeking a swift refund. The resulting confusion and financial setbacks for many individuals sparked a sense of chaos and anger following the unsuccessful auction purchase.

While some investors did in fact immediately flip their tokens, the remaining token holders were shocked to learn that the PEOPLE token would be replaced with the WTP (“We the People”) token. The core members maintained that since the founding purpose of ConstitutionDAO was no longer viable, they were making the move to the WTP token. However, only a day later, the core members made a reversal: WTP tokens were off the table, and PEOPLE crypto tokens would continue to be used for future projects. And later, the project announced that there were no future plans for ConstitutionDAO because its founding purpose to buy a copy of the Constitution had failed at auction.

In just one week, the ConstitutionDAO project had launched, taken on tens of thousands of investors and raised millions of dollars. Also within that period, ConstitutionDAO had failed at its founding mission and lost the faith of its investors, with no future plans for the project available. Many of its investors lost significant amounts of money. The project’s core members had stated that the PEOPLE token was defunct, announced a new token and then made a complete 180. The series of significant events occurring over approximately a week left numerous investors in this project feeling confused and frustrated.

ConstitutionDAO (PEOPLE) Price Prediction

Since ConstitutionDAO launched in November 2021, its price has been volatile. As of Jan 26, 2024, PEOPLE’s price is $0.0269, or 85.5% lower than its all-time high price of $0.185 on Dec 23, 2021 and over 2,800% higher than its all-time low of $0.0009 on Nov 21, 2021. The current market cap for PEOPLE is $137,167,595, and its 24-hour trading volume is $30,556,018. PEOPLE’s circulating and max supplies are just over 5 billion.

Based on solid analysis, several top industry sources have made PEOPLE price predictions. CoinCodex 

 in 2025, rising to $0.094 in 2027 and $0.26 in 2030. Meanwhile, DigitalCoinPrice 

 by 2025, cross above the $0.10 mark in 2027 to a max of $0.12 and potentially reach $0.20 in 2030.

Both sources predict that PEOPLE’s price will surpass its current all-time high by 2030. While this may paint PEOPLE as a promising token to hold for investment, it’s crucial to 

 are prone to volatility — particularly of note when a token has already been sunsetted and has zero utility.

While ConstitutionDAO isn’t an actual DAO, and no longer has a viable purpose, it still offers potential financial benefits to traders, due to the possibility of profiting from both short-term and long-term holds.

There are two ways to buy PEOPLE tokens on Bybit. You can purchase them as a Spot trade pair (

Before buying PEOPLE on Bybit, however, you do need an active Bybit account. If you don’t already have one, you can open your account with a few fast and easy steps. To begin the process, click the 

 link at the top of the home page. You can then 

 to complete the process and link your crypto wallet.

While some people may view ConstitutionDAO as a failed project, it did make great strides in advancing the purpose and functionality of future DAO projects. Its crowdfunding efforts raised a considerable amount of money to achieve a specific real-world goal. In doing so, it moved the dial for mainstream cryptocurrency adoption. However, because the project ultimately failed to achieve its goal, it’s clear going forward that there’s still ample room for improvement in regard to future DAO projects focused on crowdfunding.

ConstitutionDAO (PEOPLE): A Reflection on Crowdfunding in Web3

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards