Cryptocurrency Assets Report: Tracking Changes on April 2, 2025
On April 2, 2025, the crypto market was no exception to the changing tides of technology and regulatory policies, as well as investor sentiment. The market’s leading assets, such as Bitcoin, showed resilience against these tides while others faced hurdles and opportunities. The market was dominated by several themes, including renewed focus from institutional investors, upcoming network upgrades, news about macroeconomics, and news releases about crypto projects. It is now time to examine the performance and forecast of some of the movers and shakers in the digital assets ecosystem.
Bitcoin (BTC)
According to various reporting sites, Bitcoin successfully held its ground and closed just around $87,000, equating to a positive daily change across most quote sources. As Twelve Data remarked, bullish closing sentiments were noticed as well, with some traders citing $86,970 as the closing price. All this comes amid chatter about seasonal rebounds and recoveries during April, campaigns that historically provide headwinds for risk-on assets. There were those too, like the CEO of Coin Bureau, who believed a run toward $150,000 was plausible should they breach $93,000, taking to some newfound speculation about 2017-like herding. However, I suspect some turbulence due to likely tariff news and deadlines for government reports on digital assets will keep the chopping range between $75,000 and $88,000 in the medium term.
Though geopolitical tensions create potential risks, optimism around the post-halving cycle along with continued institutional inflows via ETFs still remain as primary bullish drivers.
Ethereum
Ethereum (ETH) $1,907.00 traded at a closing price between $1,948.00. ETH faced resistance challenges related to whale movements and leverage dynamics, pushing it below the $1900 resistance level. In-scope view of Etherum’s development is the Pectra upgrade, which will double validator participation, user scaling by expanding access, and overall network efficiency set to take place on 8th April. Seller’s outflow makes ETH liquidity tighter on spot exchanges, leading to price pressure. Despite the post-Dencun hardfork price stagnation and loss of short-term holders, the pegged value underpinned stronger optimism for many. Near-term predictions, however, do vary significantly due to the lack of clear directional bias, causing some experts to pinpoint a key support zone at 1700-1600.
Solana (SOL)
The price of Solana (SOL) traded between $126 and $130 USD. Showing a slight increase in their daily price movement. Ecosystem partners such as Circle’s USDC integration and BlackRock’s plan for USDC blockchain usage have Solana currently boasting an open interest exceeding $5 billion. Solana is also sustaining a heavy burden due to expected sell-offs that are projected to occur in SOL shares. The FTX accounts are expected to offload a substantial amount of their SOL holdings around May 30th, 2023. The projected price for Solana currently ranges anywhere from below $120 to over $500 by the end of 2025. These extremely varying results capture the uncertainty fueled by FTX accounts regarding Solana’s price. Despite their struggles, Solana has shown signs of untethered technological advancement, while chronicled shifts in demand show its volatility towards price.
XRP
The price for XRP traded in the positive range for the day and went up to $2.11 and $2.14, which brought my attention to the unusual activity Ripple’s escrow was capturing. The escrow was captured with a relocking of 700 million XRP and was observed to occur through wallet transfers with an escrow release of 1 billion XRP that was not confirmed. The ongoing spree fueling ideas in the sphere driving rationale amongst the users tends to impact general sentiment among consumers. Several experts are highly bullish on this, with an anticipated close to $3.78 by the end of the month being cited to the strong contingent of loyal holders.
Even longer-term estimates are more bullish, with potential increases of around $5-8 under favorable developments concerning the SEC case and possible ETF authorizations, which could enable dominant institutional adoption by late 2025.
Cardano (ADA)
Cardano’s price movement was relatively stable as it closed the day within the range of $0.677 and $0.693 USD, representing a slight positive change. Progress is ongoing with community participation in governance upgrades such as CIP-1694. Cardano received some support from recent Coinbase retail and institutional client listings and possible inclusion in US Treasury crypto holding reports. Analysts believe the current price levels may mark the bottom of the market, at least in the near term. Predictions indicate some consolidation around the $0.66-$0.77 range. Long-term forecasts still look promising, with some suggesting significant rallies in 2025 towards $3.80 or even $5.60, potentially with integrations like Ripple’s stablecoin.
Dogecoin (DOGE)
Popular meme coin Dogecoin closed the day within the range of $0.173 to $0.175 USD, recovering marginally. Its robust community alongside mainstream appeal proclaims strong assets. Some analysts expect dogecoin price surges in 2025 beyond $0.29 by mid-year. However, some discussions still linger about the long-term utility of the meme coin, with some analyses arguing that hype from people like Elon Musk and government departments is becoming a distant specter. Predictions are largely divergent, from short-term consensus around $0.25 to long-term hopes of $0.60 to $1, with renewed mainstream interest and adoption driving the volatility.
Shiba Inu (SHIB)
Shiba Inu trades at the price of $0.000012 to $0.000013 USD, reflecting an increase in value. Although price levels have significantly lowered compared to the previous peak values, the project’s presence is sustained as it is listed in Binance referral programs alongside Dogecoin. Increased token burns may provide some positive pressure, but some investors seem to be moving funds off exchanges. For April, price predictions primarily remain stable around the current level between $0.000012 and $0.0000135, signaling that consolidation might continue in the short term.
Qubic
Qubic traded around the $0.000000977 to $0.00000102 USD range. The project remains focused on executing its 2025 roadmap, which includes plans for MetaMask Snap integration, potential Tier 1 exchange listings, infrastructure enhancement, and ecosystem expansion initiatives such as hackathon contests. In spite of these developmental efforts, short-term price predictions remain cautious, mostly around the current price or slightly below, awaiting substantial progress toward the roadmap execution.
Gunz
Like many tokens, Gunz was newly listed on major exchanges such as Binance during the first days of April, which elicited price fluctuations that eventually resulted in settling within the $0.052 to $0.058 USD bracket by the 2nd of April. Achievements alongside integration with Avalanche also continue to mark some shifts for the project. Nevertheless, reports did note volatility and decline after initial hype, alongside pessimistic price predictions due to falling expectations post-launch.
LayerZero
LayerZero has been buying and selling around the $2.69 to $2.91 USD mark for some time now as ZRO. Positive sentiment towards the project stemmed from the settlement agreement with the FTX estate, which boosted the number of holders, integration plans with TON, and LayerZero being selected by Wyoming to issue its stable coin. A descending channel was noted in technical analysis, but sentiment is perceivably bullish overall. Predicted prices for 2025 are quite favorable overall, with moves forecasted to $3.44 to $5.05, while more optimistically some anticipate as high as $9.50 or even $12.
Final Remarks
It appears that on April 2, 2025, the crypto market has a mix of optimistic caution and some asset-specific issues. The stability of Bitcoin provided support while Ethereum and Cardano attended to critical upgrades. XRP waited for regulatory drivers. Solana, despite ecosystem development, faced possible selling pressure. Meme coins like Shiba Inu and Dogecoin jostled around, shifting sentiments, while newer ventures such as Qubic, LayerZero, and Gunz worked to deliver on their roadmaps and establish their presence. All in all, the trajectory of the digital asset market continues to be driven by development progress, institutional interest, the evolving regulatory environment, and, most importantly, development progress.
