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.

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

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Strategies

Excited about the Vasil upgrade? Find out more about Cardano's Vasil hard fork and how you can profit from it with out ADA trading strategies.

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As Cardano pushes toward their latest major upgrade, the Vasil hard fork aims to improve the network by making it faster, more functional and secure. 

According to the team, the Vasil hard fork, previously said to come in June, is set to go live on September 22 or about a week after The Merge takes place. Read on as we detail what is in store for Cardano and the possible courses of action you can consider to take advantage of the upcoming volatility.

The Cardano Vasil Hard Fork is an upgrade in which the Cardano network will become more robust and scalable as it fixes security loopholes, boost connectivity, and improve the overall functionality of the network.

In 2021, Cardano introduced smart contract compatibility after their previous upgrade known as the Alonzo hard fork. This feature has greatly helped the Cardano ecosystem as many new decentralized applications (DApps) are now building their platforms on the Cardano blockchain.

How will the Vasil Hard Fork improve Cardano?

Prior to the upgrade, there were several Cardano Improvement Proposals (CIPs) posted on the forum on how to improve the overall state of the Cardano blockchain. The Vasil hard fork will roll out many of these CIPs and work on fixing any bugs or security loopholes. There were three critical improvement proposals made in line with one another: CIP 31, CIP 32, and CIP 33.

CIP 31 introduces a new reference input to facilitate access to information stored on the Cardano blockchain and allows anyone to look up outputs without processing them. This means that DApps can now access transactional output without having to recreate it as before.

CIP 32 is simple and aims to bring an on-chain data storage feature for the community and developers. This is expected to improve the decentralization of Cardano's structure.

CIP 33 will allow for lighter transactions, quicker processing and lower fees. It points the Cardano Virtual Machine to a reference script instead of having to include the whole script with the transaction. Since apps built on the blockchain are written in a programming language known as Haskell, it has to be converted into a different language for smart contract compatibility. This results in slower performance and increased cost when making transactions due to the additional transfer of app logic along with the transaction. 

Other small improvements include CIP 40 and diffusion pipelining. CIP 40 will introduce a new type of output transaction and diffusion pipelining is said to improve block transmission without full validation. All of these changes put simply, will increase the throughput of Cardano and improve the development of smart contracts and DApps.

The Vasil hard fork has been getting a lot of attention from the Cardano community. While the upgrade is largely overshadowed by The Merge, we‘ll explore three potential outcomes of the Vasil hard fork and what you can do with each strategy. For reference, we’ll be using ADA's price as of 15th September 2022, which is at $0.47.

Before diving into specifics, here’s a table that summarizes each trading strategy:

According to Cardano's founder Hoskinson, the Vasil hard fork will be the most complicated upgrade in Cardano's history. The current upgrade will include changes to their smart contract language and new primitives to further optimize the blockchain.

The crypto community is very optimistic about the upgrade and expects the price of Cardano to move upward from now until the end of September. It is clear that hard forks have been a catalyst in pushing the price of ADA up previously. Of the last two upgrades, ADA prices have soared by more than 10 times, and the latest Alonzo hard fork in 2021 saw the price of Cardano soar more than 3 times in less than 3 months. 

Additionally, the blockchain is set to become a developer's paradise which could eventually lead to more usage of the blockchain should useful DApps start to appear on Cardano. This is a positive sign for investors and some might look to pick up some ADA if the hard fork commences as scheduled on September 22.

Optimal Strategy: Stop Market Leveraged Long Order

If you’re bullish about the Vasil hard fork following its previous trends and believe that the price of ADA will once again soar upon a successful upgrade, an optimal strategy would buy a leveraged perpetual token ADA2L on Bybit. To open a stop market long order, you have to change your order type from 

 then set your entry above the resistance levels for ADA and choose the amount you would like to enter into the trade.

This strategy is designed to help short term investors take advantage of leveraged positions to increase their profit when an asset goes up in value. Leveraged tokens have rebalancing mechanisms and could be seen as buying into perpetual contracts without the risk of liquidation.

First, check the ADA chart for an area with strong resistance. You can use an indicator like the 20 Weekly Moving Average which shows a strong resistance for ADA between $0.51 and $0.58.

To open the trade, ensure that you have funds in your Bybit Spot Trading wallet. Next, buy the ADA2L leveraged token above the resistance area at a price of your choice, using the stop market order. This would tell the exchange to execute your order if ADA goes above your price target.

 Difference between Entry - Exit before rebalancing

Sometimes there might be unforeseen problems before the upgrade which could cause sentiments to turn negative. We have seen this with the Vasil hard fork previously as it was originally pushed from June to July and now to September. 

While some think the Ethereum merge could be beneficial for the price of Cardano, many believe a successful merge could see ETH taking market share away from ADA, this could cause a bearish short term outlook for Cardano regardless of the completion of the upcoming Vasil hard fork.

Another bearish factor could be the lack of developer interest after the upgrade, which could be due to the complexity of their programming language. As one of the slower growing Layer 1 ecosystems, Cardano has seen competitors like Solana and Near grow over 4 times in developer size despite having a much smaller market cap than Cardano.

Optimal Strategy: Stop Market Leveraged Short Order

If you’re bearish about the Vasil hard fork and believe the hype around it will fizzle out after the upgrade, you can set a stop market short order on Bybit. A leveraged short order is the opposite of our previous example, which means that you will be entering a short position of ADAUSDT perpetual contracts with leverage.

It’s designed to help short term investors take advantage of leveraged positions to increase their profit when an asset goes down in value. Entering a short position with leveraged can be safer than purchasing the underlying contract as there is no margin or liquidation price to worry about.

First, check the ADA chart for an area with strong support. Similarly, you can use an indicator like the Fibonacci Retracement which shows strong support for ADA at around $0.43.

To open the trade, ensure that you have funds in your Bybit Spot Trading wallet. Next, buy the ADA2S leveraged token below the support area at a price of your choice, using the stop market order. This would tell the exchange to execute your order if ADA goes below your price target.

While this seems unlikely to happen due to historical data, we should not leave out the possibility of a non-event. This happens when the market decides on the value of a coin before its event and moves before anything occurs. In this situation, the price would trade sideways which means ADA would neither pump nor dump.

Since you can stake ADA on Cardano without sending your coins out (unlike Ethereum), long term holders might continue to stake their ADA while earning yield. This combined with a low buying pressure could cause the price of ADA to stay neutral. This could be possible as Cardano has been known to roll out developments at a slower pace and the community could just see the Vasil hard fork as another upgrade among many others in the future.

This is a popular neutral strategy that involves buying spot assets, staking them and shorting the same amount of assets. This would allow you to earn from the staking yield instead and ignore any price movements. 

. If you still have USD, you can short the same USD amount on 

 to hedge your position, and proceed to stake your ADA. If you don't have anymore USD, you can use half the ADA you bought and short it on 

 to hedge your position, and stake the remaining half to earn staking rewards. Both methods will ensure you are delta neutral, but do take note of funding rates and liquidation prices. 

You can also hedge using leveraged tokens but ensure you use half the amount as they are innately leveraged, however, because they get rebalanced daily, it is not recommended for long term holds. 

As Cardano runs on a PoS blockchain, you can earn yield on your ADA by staking them with 

. Similar to our other staking products, you won't be able to trade, send or sell the amount you’ve staked, but you may withdraw your ADA balance at any time unless you’ve chosen fixed term staking.

Here’s how you can start earning yield on your ADA with Bybit:

Your first rewards payout should appear two days after each deposit. Your reward payout depends on the amount of ADA staked, and should appear daily after your yield has been calculated.

Like all major upgrades, the hype around Cardano will rise as the date draws near. If you decide to pick up some ADA, it’s worth looking through the above strategies and how you can use them in the event of a bullish or bearish market reaction. Should this upgrade be successful with no delays, Cardano could become a serious competitor to Ethereum and steal some market share even after The Merge.

Cardano has been maintaining its position well in the top 10 cryptocurrency spots. However, similar to post-merge Ethereum, Cardano still has a long way to go as the Layer 1 is known for pushing out developments at its own pace. The Vasil hard fork is a step in the right direction, but if Cardano wants to hold its spot among the top cryptocurrencies, it will need to get more users onboard to its ecosystem.

Whether you’re a long-term investor or short-term speculator, you can invest in ADA and other kinds of cryptocurrencies by 

 to begin your crypto investing journey today.

For an abridged version of our recommended trading strategies, check out our handy infographic below.

Cardano Vasil Hard Fork: 3 Trading Strategies To Consider

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards