Der ehemalige britische Finanzminister und derzeitige Berater von Coinbase, George Osborne, sagt, dass Großbritannien auf dem Kryptowährungsmarkt ins Hintertreffen gerät, insbesondere im Bereich der Stablecoins.
Illuvium (ILV) price forecast post Leviathan No Limits Tournament
- Illuvium (ILV) surged 100% after the Leviathan No Limits Tournament boosted player interest.
- Breakout from the double bottom pattern confirmed bullish momentum.
- Key targets to watch are: $25, $27.50, and $30 if the rally continues.
In a stunning turn of events, Illuvium (ILV) has reignited investor interest after a dramatic price surge following the conclusion of its highly anticipated Leviathan No Limits Tournament.
The Web3 gaming token has shown exceptional momentum in recent days, leaving traders wondering whether this marks the start of a sustained uptrend or just a temporary flash of hype.
With the fundamentals improving and technical indicators aligning, ILV is making a strong case to be back on the radar.
Competitive play sparks a revival
The Leviathan No Limits Tournament served as a defining moment for the Illuvium ecosystem.
Unlike previous events that relied heavily on high-end NFT assets, this competition showcased how skill alone could drive competitive outcomes.
As a result, players with minimal in-game investments were able to compete effectively, shifting the game’s perception from pay-to-win to a skill-based and fair one.
This shift has contributed to a renewed sense of legitimacy around the game.
More importantly, it has started to attract a broader audience, including previously sceptical players who now see a more polished and competitive product.
As word spread, ILV’s price began to react swiftly, climbing more than 60% in a single day, a move rarely seen even among highly volatile crypto assets.
Double bottom breakout ignites an ILV bull run
Technically, the ILV/USDT chart painted a classic double bottom near the $11.81 level, forming a strong base after months of consolidation.
This bullish pattern triggered a sharp breakout, pushing the token to a high of $23.53 — a remarkable 100% rally within just a few hours.
To many, this is a clear breakout confirmation, with volume surging to levels not witnessed in months.
Even though the price has slightly pulled back to the $21 range, the bullish momentum remains intact.
Holding above $20 will be crucial in determining whether this is a healthy retracement or the start of a deeper correction.
However, with sentiment shifting and volume still strong, many believe the breakout has more room to run.
Illuvium price targets to watch
Market analysts have started pointing to higher resistance levels as potential short-term targets.
The first key level to watch is $25, followed by $27.50 and then $30 if momentum continues.
These targets are based on technical resistance zones and recent historical price action.
A successful breakout above the $23.66 high could pave the way for rapid moves toward those levels.
However, traders must remain cautious. ILV is still down nearly 99% from its all-time high of $1,911.26 recorded in November 2021.
While the recent bounce is significant, it comes after a deep and prolonged bear phase.
This means that volatility is likely to persist, and any major price movement should be approached with calculated risk management.
In addition, the RSI indicator shows an overbought market, meaning a pullback could be imminent, although the MACD shows a bullish trend resurgence.
Long-term outlook hinges on more than hype
Beyond the charts and short-term catalysts, Illuvium’s long-term success will depend on continued player engagement, product updates, and the ability to retain a competitive edge in the growing Web3 gaming sector.
The Leviathan tournament may have reignited interest, but sustaining that momentum will require consistent delivery from the development team.
Notably, the Illuvium ecosystem is still sizzling with user engagement as the ILV Summer Exclusive Illuvitars, which ends on August 14, has seen over 180 Glitched Illuvitars pulled so far.
Sale Ends Aug 14! https://t.co/q92M7ULF7v
— Illuvium (@illuviumio) August 4, 2025
With these developments, Illuvium has once again become one of the Web3 tokens to watch closely, although whether the recent breakout turns into a full-blown trend reversal remains to be seen.
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MYX Finance (MYX) price just shot up 289%: Here’s why
- MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
- Binance listing has also boosted the token’s visibility and sparked retail FOMO.
- MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.
While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.
Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.
This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.
The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.
Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.
The MYX Finance V2 upgrade buzz
A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.
Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.
Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.
These features are expected to bring a more seamless and efficient trading model to on-chain users.
The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.
This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.
And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.
Early MYX TGE hype laid the groundwork
Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.
On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.
The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.
This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).
Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.
Binance spotlight ignites FOMO
In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.
On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.
This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.
#MYX will keep building — just like @BNBCHAIN does
Because humans don’t stop eating, and we don’t stop shipping 🍽️🚧MYX V2 is coming
An opportunity to redefine on-chain trading as we know it. 🚀 https://t.co/OIOtLJAp1X— MYX.Finance (@MYX_Finance) August 3, 2025
While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.
MYX Finance price outlook
Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.
The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.
On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.
Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.
The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.
The post MYX Finance (MYX) price just shot up 289%: Here’s why appeared first on CoinJournal.
Bitcoin and Ethereum ETFs see continued outflows as market pulls back
- BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday.
- Spot Ethereum ETFs also faced heavy outflows on Monday.
- The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.
US-listed spot Bitcoin and Ethereum ETFs continued to see outflows on Monday, extending a recent trend of investor pullback as digital assets slid from their recent highs.
Monday marked the third consecutive trading session of net outflows across US-listed spot Bitcoin funds.
Bitcoin ETFs log consecutive outflows
BlackRock’s iShares Bitcoin Trust (IBIT) saw $292.5 million exit the fund on Monday, the largest single-day outflow it has recorded since May.
The fund had already broken its 37-day inflow streak with a minor outflow on Friday.
The selling pressure came as Bitcoin extended its retreat from the July 14 all-time high.
The token dropped 8.5% over the weekend, bottoming out at $112,300 on Sunday before partially recovering to $115,000 by late Monday trading.
Despite the recent setback, BlackRock’s IBIT still logged a net inflow of $5.2 billion in July, equivalent to 9% of the fund’s total inflows since its launch in January 2024.
Other Bitcoin ETFs also saw subdued activity. Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted an outflow of approximately $40 million, while the Grayscale Bitcoin Trust (GBTC) lost $10 million.
Bitwise’s Bitcoin ETF (BITB) was the only product to record an inflow on Monday, attracting $18.7 million.
All other US-listed Bitcoin ETFs recorded no flows.
The overall outflow on Monday was significantly milder compared to Friday’s sharp exit of $812 million, suggesting that pressure may be easing as Bitcoin finds support near current levels.
Volatility cools since ETF launch
Commenting on the recent price behaviour, Bloomberg ETF analyst Eric Balchunas noted on Monday that Bitcoin volatility has declined notably since the approval of spot Bitcoin ETFs earlier this year.
He highlighted that the 90-day rolling volatility for BlackRock’s IBIT has dropped below 40, down from levels above 60 at the time of the ETF’s launch.
VOL KILLER: Since the launch of the ETFs the volatility on bitcoin has plumetted. The 90-day rolling vol is below 40 for the first time- it was over 60 when the ETFs launched. I threw in $GLD for perspective. Less than 2x gold, used to be over 3x. pic.twitter.com/r1S7WztJ4i
— Eric Balchunas (@EricBalchunas) August 4, 2025
Balchunas previously said that reduced volatility and the absence of sharp drawdowns have helped Bitcoin appeal to larger institutional investors, potentially aiding its broader adoption as a currency.
Ethereum ETFs see record one-day outflow
Spot Ethereum ETFs also faced heavy outflows on Monday, with a total of $465.1 million withdrawn across multiple funds.
This was the highest single-day net outflow since these products launched.
BlackRock’s spot Ether fund (ETHA) led the retreat, with $375 million in outflows.
Fidelity’s FETH, Grayscale’s ETHE, and the Grayscale Ethereum Mini Trust also experienced redemptions.
The Monday exodus followed a period of strong investor interest in Ethereum ETFs.
Inflows had totaled $2.2 billion in the second week of July, $1.9 billion in the third week, and $154.3 million last week, according to data from SoSoValue.
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Solana Prognose für August – Was sagen ChatGPT, Grok & Claude AI?
Solana beginnt die neue Handelswoche etwas fester. Doch welches Potenzial sehen ChatGPT, Grok und Co. für SOL im August 2025?