NVDA All Time High vs Crypto Technical Analysis with Evan Aldo

Nvidia was trading at $237 after reaching a new all-time high, but Evan Aldo said he would shift from Nvidia into Bitcoin and leading cryptocurrencies, expecting them to outperform over the next two to three years. He was not bearish on Nvidia: he called it “the new Apple stock” and compared buying it at this level to buying the Nasdaq. His case was about relative returns; he said Bitcoin had lost 94% against Nvidia since March 2021 and that its relative decline had continued.

The market signals and near-term forecasts were less settled. The host noted that the S&P 500 was near a record while the index excluding AI companies had fallen 5% since August, which could indicate rotation or demand for safer assets; Polymarket odds of a Fed rate hike had dropped to 16%. Evan expected Bitcoin to reach $89,000–$92,000 around October but considered $100,000 before the midterms unlikely. He said a Democratic sweep could trigger a healthy correction, with a possible recovery toward $92,000 into the new year, and called $100,000 by year-end very optimistic. The host, watching Bitcoin near $108,000 as a target, was more bullish, anticipating a short midterm-related setback followed by a major rally before the holidays.

Evan described altcoins as a K-shaped market: some were surging while many others lagged, and he said investors had lost money despite the “others” chart outperforming the S&P 500 since June 2023. He urged careful asset selection and clear invalidation points. He saw bullish signals across altcoins and potential for the market to keep rising for a couple of years, but stressed that holding the wrong assets remained a risk. He singled out Hyperliquid and XRP, and also liked Chainlink, which had not risen as sharply as some peers; if conditions went well, he thought Chainlink could reach $24 by year-end.

On Ethereum, Evan rejected Tom Lee’s $50,000 target as unrealistic within five years, though he said it might be possible in the 2040s with substantial inflation adjustment. He expected Ethereum to approach $3,000 relatively soon, possibly before the midterms or within two weeks, followed by a healthy correction. He viewed $5,000 as an optimistic target for May or June 2027 at the earliest, with timing highly uncertain. NEAR, up 183%, could reach $7 by month-end, he said, with resistance near $7.20 and a possible correction toward $5 between November 1 and year-end. He saw no major shift toward downside momentum but advised risk management. Fetch.ai, Render, and TAO were other potential AI-token runners, although he preferred NEAR to many alternatives. Zcash looked overbought to him; he would favor Bitcoin or other altcoins at current levels and saw a possible 30–40% correction, with a drop toward $1,000 offering better value.

Evan preferred Solana over Avalanche for a larger portfolio position, while seeing Avalanche as worth considering if it stayed above about $10 amid improving news and upward momentum. He cautioned that Avalanche had been in a long-term downtrend since November 2021 and that Solana’s recent moves might be relief rallies. Circle looked like a reasonable buy to him if it held its September low around $80 and formed a higher low; he saw $115 as a possible target and $130 as a potential stock price. Paul said Circle had responded to an EU consultation on multi-issuance, global stablecoin liquidity, and recognition for foreign stablecoins, and reported a five-year Binance deal to promote USDC adoption that included a $100 million stake in Circle. Paul also reported $3.8 million in Aave v4 deposits on Base, up 107%, as Coinbase-issued stock tokens moved into Aave. Evan said Aave still looked good after holding its 2023 lows despite rising about 180%, with $230–$260 possible by month-end if conditions went well, followed by a correction.

Evernorth had been approved and was expected to hold approximately 473 million XRP at closing, making it the largest publicly traded pure-play XRP treasury company, according to Paul. Evan considered XRP a decent buy and less risky than some alternatives because of its higher market capitalization. He expected a break above $1.60 and saw $2 as possible by year-end or in the first quarter next year, while warning that a sharp rejection at $1.60 could delay the move.