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

Crypto

Investing

Tokens are all the rage now in crypto, but how do you decide whether to invest in one? In this article, we look at the different factors to consider.

Before investing in a cryptocurrency, it’s recommended you make an analysis of it in order to manage the risk of your investment. Such analysis requires scrutiny of that cryptocurrency’s main aspects. However, investors are not limited to investing only in cryptocurrency coins but also in tokens. These tokens have value, too. When you conduct an analysis into whether or not you should invest in a token, that’s 

Tokenomics elides the words “token” and “economics.” It means analyzing why a token has value, and why it’s reached the price that it has. By looking at various factors which define the world of cryptocurrencies, tokenomics provides an answer to the economizing problems of tokens and their functionality in blockchain technology. But before diving into the world of tokenomics, let’s briefly explain tokens.

Tokens are units that are used for a specific purpose and have a value based on their characteristics. Tokens are usually considered as valuable assets that serve more than just a currency. For instance, football tickets can be considered as tokens, because they can either be used to go watch a football match, or traded for something else.

In the same sense, tokens can be found in cryptocurrencies as well. These tokens can have various functions within a network besides being used only as trading assets. The concept of tokens in cryptocurrencies grew larger with the creation of Ethereum. The Ethereum network was the first blockchain technology that offered more decentralized services to people, rather than just transactions. Just as transactions require money in order to be completed, these decentralized services in the Ethereum network require tokens. In the Ethereum network, these are known as ERC-20 tokens.

Tokens can be categorized into two main types: Layer 1 and Layer 2.

Layer 1 tokens are native to a particular blockchain, and can be used for fueling every service within it. Two examples of Layer 1 token in cryptocurrencies would be Ether (ETH) on the Ethereum network and BNB in the Binance chain.

Layer 2 tokens are used for decentralized applications within a network. For instance, OMG tokens are Layer 2 because they’re used for OmiseGO, which is a decentralized project within the Ethereum network.

Another way of classifying tokens is based on their usage. There are two types of tokens: security and utility tokens

Security tokens are considered investment contracts. To be considered as investment contracts, these tokens need to entail a money investment, profitability and common enterprise — and to come from the computational efforts of others. This process of contract verification 

 the Howey Test. Hence, tokens that pass the Howey Test are considered security tokens. An example of a security token would be the way Siafunds (SF) work on the Sia network.

Utility tokens are those tokens that ensure the financing of a network. Usually, utility tokens are given out through 

 initial coin offering (ICO) in order to fund development of the project. For instance, the Basic Attention Token (BAT) is a utility token that was initially distributed through an ICO. It can now be used in decentralized advertising on the Brave browser, running on the Ethereum network.

Tokens can also be categorized as fungible or non-fungible.

Fungible tokens have the same value, and can be replicated. Since fungible tokens are the same for everyone, you can replace one ETH with another because they have the same value.

However, non-fungible tokens (NFTs) do not have the same value because each NFT is unique. NFTs are usually tokenized assets such as pictures, artworks, collectibles and real estate, etc. Since NFTs are unique they cannot be replicated. This can make their value higher than that of fungible tokens.

So, what are the similarities and differences between coins and tokens in the world of cryptocurrencies?

Tokenomics is the study of tokens, how they work, what purpose(s) they have and what factors need to be considered before investing in cryptocurrencies. This is where it derives its name.

More generally, tokenomics is anything that can influence the value of a token — including the token itself.

Which Tokenomics Factors to Consider When Investing

There are many factors which can determine the price of a token and a cryptocurrency. However, several of these factors are quite important to keep in mind if you want to invest.

When looking at a cryptocurrency, it’s important to look at the total supply of coins. Usually, cryptocurrencies that have a limited total supply may have an increasing value in the future. This happens because scarcity causes a shortage in the market. Shortage requires an increase in price in order to reach an equilibrium. 

On the other hand, if the supply is unlimited, the future price may not increase as much as it could if the supply were limited. 

The supply of a cryptocurrency has a strong correlation to 

. Market cap is the total amount of the 

 times the current price of one token. The fully diluted market cap is a hypothetical estimate of the market capitalization if the total supply of a cryptocurrency is in circulation.

Even if one cryptocurrency has a larger supply than another, it doesn’t mean that the market supply is necessarily bigger. The same can be said about the price of a cryptocurrency. A higher price doesn’t necessarily mean that the market cap of a cryptocurrency is larger than that of other ones.

Market cap is an important factor to consider before you invest. A lower market cap might mean that the cryptocurrency has more potential to grow. This is the case with small-cap cryptocurrencies (less than $1 billion worth of market cap). Large-cap cryptocurrencies (more than $10 billion worth of market cap) might be a safer investment, but their growth potential tends to be smaller.

Before a cryptocurrency is launched, the allocation of the tokens can be done by either fair launch or premining. 

Fair launch is the allocation of a cryptocurrency in an organized way after it is released. The tokens are allocated through mining, and the amount of mining usually depends on the computational power of the nodes in the blockchain.

Premining, on the other hand, is the allocation of a cryptocurrency before it is launched. This is done through an ICO, which secures funding for the development of the cryptocurrency.

These two models have a huge impact on how tokens are distributed.

If a cryptocurrency is fair-launched, then the distribution is more focused on nodes with higher computational powers, since they can mine more tokens. It is considered “fair” because in this way, those who invest more in mining are rewarded more than those who invest less.

If a cryptocurrency is premined, the tokens sold through ICO are usually sold to institutional investors and the team behind the cryptocurrency, rather than retail investors. Hence, token distribution is not well-balanced when institutional investors own a larger share of the total supply. Therefore, such investors can drastically change the price of a cryptocurrency by selling the tokens at once.

When a cryptocurrency is premined, people running the cryptocurrency can decide to lock up the circulating supply and release the tokens gradually over time. This assures retail investors that institutional investors won’t get a hold of all their tokens at once, and cause an unbalanced market. However, it is important that the release of tokens is logical, meaning that the distribution is done at low amounts throughout the years.

Inflation refers to the change in the value of the existing tokens after the release of many tokens at one time. If many tokens would be in supply, there would be a surplus. And whenever there’s a surplus, a decrease in price follows. Deflation, on the other hand, is the opposite of inflation, where the possibility that the existing supply may decrease causes an increase in the price of the tokens in circulation.

Staking is the process of locking tokens for a specific period of time (depending on the cryptocurrency) in order to receive a passive income or reward from the network. The problem with staking is that the staked tokens cannot be moved until the staking period is finished. If a large number of tokens are staked, then the supply will be more limited during the staking period. This can have an effect on a cryptocurrency’s price. There are some cryptocurrencies that have a lower staking time, or no staking time at all. Because of this, big price increases or reductions might not occur because the tokens can easily be bought or sold by the users.

Utility refers to the usage of the tokens. In simple terms, the utility of a token is what makes people buy more tokens and, as a result, increase the price of a cryptocurrency.

The team behind a cryptocurrency is another factor worth considering. For instance, one of the reasons why BAT (Basic Attention Token) has been a success is the team that runs it. Academically credible people — such as Brendan Eich 

 Brian Bondy — induced trust in the BAT project before it was even released. 

The community is also an important factor. At the end of the day, without the people that are going to buy tokens, a cryptocurrency is worth nothing. So the team behind the cryptocurrency needs to make sure that they establish a good relationship with the community, as well as try and expand that community.

Bitcoin and Ethereum are the two biggest cryptocurrencies, based on their market capitalization. Let’s look at the Tokenomics of these two and see their differences.

BTC market cap, fully diluted market cap, circulating supply. Source: CoinMarketCap

ETH market cap, fully diluted market cap, circulating supply. Source: CoinMarketCap

To conclude, Tokenomics is everything related to a token in cryptocurrencies. Each Tokenomics factor should be carefully analyzed before investing in cryptocurrencies.

Tokenomics is a relatively new field of study, but it can become one of the future’s biggest economic subfields.

So, with the new found knowledge in crypto, why not sign up to Bybit?

A Beginner’s Guide: What Is Tokenomics?

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Grab Up to 5,000 USDT in Rewards