Ungarn hat sein Strafgesetzbuch aktualisiert und verhängt nun auch Gefängnisstrafen für Personen, die nicht genehmigte Kryptobörsen nutzen oder betreiben.
Altcoins today: CROSS, ECHO rally amid trading competition; SharpLink becomes top corporate ETH holder
- CROSS and ECHO soar over 50% amid broad market declines.
- Ongoing Binance Alpha trading competition keeps the tokens afloat.
- SharpLink becomes the largest Ethereum holder among corporate entities with over 280K ETH assets.
Digital currencies displayed weakness on Tuesday as the global cryptocurrency market cap plunged 3% in the past day to $3.69 trillion.
While altcoins eye rapid bounce-backs after the corrections, Cross, ECHO, and Ethereum dominated today’s trends for different reasons.
CROSS and ECHO have rallied up to 60%, fueled by the ongoing trading competition of Binance Alpha.
On the other hand, SharpLink has become the top corporate Ethereum holder after the latest accumulation.
Binance Alpha ignites altcoin momentum
The leading exchange officially started its BNB Smart Chain Trading Competition via Binance Alpha.
The tournament allows users to share exclusive rewards by trading various coins.
The competition will run from 10 July to 21 July, featuring MemeCore (M), Infinity Ground (AIN), Echo Protocol (ECHO), MEET48 (IDOL), and CROSS.
The altcoins reflect excitement with bullish price actions, displaying upside momentum despite broad market weakness.
CROSS and ECHO have stolen the show with remarkable rallies in the past 24 hours.
The duo witnessed a surge in trade volume and user engagement amid Binance’s trading campaign.
The CROSS Trading Pool features 10 million tokens for the top 11,000 participants, whereas ECHO offers 10 million ECHO tokens to the top 5,000 traders.
ECHO hovers at $0.02380 after gaining more than 55% in the past 24 hours.
Its daily trading volume has increased by 240%, signaling massive interest in the token.
Also, CROSS gained 58% to trade at $0.2116, with a 110% uptick in 24-hour trading volume.
SharpLink: the new Ethereum corporate whale
While traders explored fast-moving tokens, another key development emerged behind the scenes.
The gaming firm has become the largest corporate Ethereum investor, with 280,706 Ether tokens.
That follows the latest acquisition, which saw SharpLink purchase 74,656 ETH, worth approximately $213 million, between 7 and 13 July.
Moreover, the company’s strategy demonstrates confidence in the second-largest cryptocurrency by value.
Notably, it has staked 99.7% of its Ethereum stash, generating passive incentives.
SharpLink has earned around 415 Ether through staking since early June.
SharpLink pivoted into crypto in May after confirming the adoption of ETH as a treasury reserve asset.
Ethereum crossed $3,000 on Monday as Bitcoin rallied to new all-time highs of $123,000.
It trades at $3,050 at this publication, up 20% in the past week.
Analysts anticipated more uptrends toward the $3,500 resistance.
Some believe ETH will rally to $5,000 this summer.
Furthermore, proponents predict an imminent altcoin season as the current market structure mirrors 2021.
Crypto enthusiast Merlijn the Trader anticipates more than 10x from altcoins in the impending bull run.
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Bitcoin (BTC)-Angebot wird knapp: Stärkere Nachfrage unter Kleinanlegern auf Bitfinex
Die Analysten von Bitfinex sagen, dass dieses Niveau der Akkumulation „das bullische Narrativ unterstützt, dass neue Käufer, die den Bitcoin-Markt betreten, preisagnostische Käufer sind“.
Krypto-Marktkapitalisierung erreicht Allzeithoch mit 3,8 Bio. US-Dollar
Wäre der Kryptomarkt ein Land, so wäre er gemessen am BIP das siebtgrößte hinter den Vereinigten Staaten, China, Deutschland, Japan, Indien und dem Vereinigten Königreich.
Bonk price signals rally as open interest spikes by 9%
- Bonk price is up as open interest and derivatives volume jump.
- The memecoin’s price edged double digits to cross the $0.000030 level.
- BONK could jump to $0.00050 as bulls target new momentum.
Bonk (BONK)’s price climbed more than 10% to hit highs of $0.0000305 in the last 24 hours, with the Solana memecoin seeing a notable spike in open interest and derivatives volume.
This uptick follows a rebound for top memecoins. In particular, it coincided with Bitcoin’s sharp rally to above $122k in the past few days, a move that triggered an altcoin bounce.
BTC’s surge has memecoins such as Dogecoin, Pepe, dogwihat and Bonk gaining. Also notable is fresh sentiment as interest amid the launch of Pump.fun’s token PUMP ignites overall meme recovery.
Bonk price jumps as OI rises 9%
As noted, Bonk’s price has ticked up as its market activity has surged.
One significant metric is open interest, which has risen 9% to see the number of bets on the token reach $48.5 million.
According to data from Coinglass, this growth accompanies a 20% increase in derivatives volume, which stood at over $534 million.
In the market, BONK has a 24-hour trading volume of $1.34 billion – up 23% during this period.
This rise in derivatives activity suggests heightened investor confidence, potentially driven by recent community efforts, such as the push to reach one million on-chain holders.
Bullish bets are also up as BONK targets a major token burn of one trillion BONK.
954,843
What is this number?
The number of on-chain Solana holders of $BONK
Once this number goes to 1,000,000 — one trillion BONK will be burned 🔥
Send some $BONK to your mum, dad, or even your dog
Have you BONKED someone today yet?
— Tendies (@tradefortendies) July 13, 2025
If the move happens, it will create scarcity and boost the value of the Bonk token.
Bonk price prediction
Most cryptocurrencies have witnessed an uptick in the past several weeks, with bullish predictions for altcoins and memes as BTC price eyes new highs.
Bonk is bidding for a similar trajectory with price-off lows of $0.000027.
Currently, bulls might want to hold above $0.000028 and target a break above $0.000035.
With price in an ascending channel in the past weeks, buyers may have the upper hand. However, the technical indicators provide a mixed outlook for Bonk’s future performance.
The 14-day Relative Strength Index (RSI) stands at 76, signaling overbought conditions that could lead to a short-term correction.
Conversely, the Moving Average Convergence Divergence (MACD) on the daily chart offers a bullish signal.
The histogram has increased with a strong uptick following a bullish crossover.
The combination of rising open interest, robust trading volume, and technical indicators presents a largely bullish picture for Bonk.
Although an overbought RSI suggests caution, the MACD and broader long-term crypto projections favour buyers. Support levels include $0.000026 and $0.000015.
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