Kategorie: Altcoin News

• GIP-140 revamps GnosisDAO voting with on-chain and beacon data.
• GNO price dips amid profit-taking and technical resistance.
• Liquidity limits and stablecoin rules may influence short-term sentiment.

The Gnosis price has experienced modest volatility following the passing of the GnosisDAO GIP-140 proposal, a major governance update aimed at overhauling the platform’s voting mechanisms.

The GIP-140 initiative replaces the current subgraph-based GNO strategy with a suite of strategies that read blockchain state directly from both the execution and beacon layers.

The proposal’s approval marks a significant step toward enhancing the accuracy and reliability of Snapshot voting while adding support for StakeWise tokens and reducing dependency on external data providers.

GIP-140: revamping voting for accuracy and inclusion

GIP-140’s passage reflects a broad consensus among GnosisDAO participants, with 82 votes cast, overwhelmingly in favour of the measure.

The core objective is to eliminate the subgraph dependency, which has historically caused delays and inaccuracies in voting power calculations.

The new system attributes voting power to GNO balances across both the Gnosis Chain and Ethereum, locked GNO holdings, validator balances, and StakeWise’s sGNO and osGNO tokens.

By pulling data directly from on-chain and beacon chain sources, the proposal seeks to create a more robust and transparent voting environment that can better reflect actual stakeholder influence.

The technical implementation involves updating Snapshot’s configuration via a SafeSnap transaction, pointing to aggregator contracts deployed on both Gnosis Chain and Ethereum, as well as a new beacon-chain strategy for staked GNO.

Delegation mechanisms have also been updated to integrate these new sources, ensuring a seamless transition for DAO members accustomed to existing workflows.

The changes position GnosisDAO to handle complex governance requirements while reducing reliance on third-party indexers like The Graph, which previously introduced inconsistencies.

Gnosis price enters consolidation amid profit-taking

Surprisingly, following the approval of GIP-140, the Gnosis price has seen a slight pullback, falling 0.89% over the past 24 hours and underperforming the broader crypto market, which gained 0.06%.

The price movement aligns with profit-taking behaviour after GNO achieved a 7.98% weekly gain and an 8.3% rise during October.

Technical indicators suggest the market is testing resistance around the 30-day simple moving average of $137.93 and the 61.8% Fibonacci retracement level at $138.47.

While the RSI remains neutral at 53.42, a bearish divergence in the MACD hints at potential short-term consolidation.

In addition, liquidity pressures stemming from CoinDCX’s June 2025 delisting continue to weigh on GNO trading activity.

Despite being months old, the delisting reduced retail access to the token, and the 24-hour turnover ratio of 1.08% remains relatively low compared with broader DeFi sector averages.

Regulatory uncertainties surrounding stablecoins, particularly the relaunch of USDS under the stricter US GENIUS Act, may also indirectly influence sentiment toward Gnosis Chain assets.

Nevertheless, milestones like Gnosis Pay’s $100 million transaction volume suggest that ecosystem adoption could counterbalance some of these headwinds.

Looking ahead

The combination of technical consolidation, lingering liquidity constraints, and regulatory considerations creates a cautious but watchful environment for Gnosis price movements.

Holding the $135–$137 zone could provide the stability needed for renewed momentum, particularly as GnosisDAO’s upgraded Snapshot strategies begin to reflect more accurate voting power across multiple token types.

In the coming weeks, the Gnosis price may respond to both market dynamics and the tangible impact of GIP-140’s execution, particularly if the changes enhance voting accuracy and encourage broader participation in the DAO.

For now, the community appears aligned, and the successful passage of GIP-140 represents a meaningful milestone that could shape GNO’s trajectory in both governance and market performance.

The post Gnosis price outlook as GnosisDAO GIP-140 proposal passes appeared first on CoinJournal.

• KernelDAO price jumped to highs of $0.23 amid Upbit listing news.
• The KERNEL token reached an all-time high above $0.46 in April, and it could target this mark next.
• Gains across the crypto market will catalyse an uptick for the token.

KERNEL, the native token of restaking protocol KernelDAO, spiked more than 25% to hit highs of $0.23 early Tuesday.

While bulls are battling to hold onto the gains, the uptick saw the token rank among the top performers across the crypto market.

Given overall crypto sentiment, could Upbit listing help KERNEL price extend its upward momentum amid interest in restaking protocols?

Upbit listing propels KERNEL to $0.23 high

As noted, the catalyst for KERNEL’s vertical price ascent today is likely trader reaction to Upbit’s announcement.

On October 28, 2025, the leading South Korean crypto exchange confirmed the token’s listing on its KRW market, adding support for trading on the Ethereum network.

The listing ignited immediate buying pressure, with KernelDAO daily volume spiking as bulls propelled KERNEL from lows of $0.16 to an intraday peak of $0.23 as of writing.

Notably, daily volume stood at over $316 million, up a staggering 1,540% in the past 24 hours.

With gains of over 20%, KERNEL ranked among the few top altcoins with double digit price movements on the day.

KernelDAO price hovered in the list of top gainers alongside Hedera’s HBAR, Pump.fun’s PUMP and Bittensor’s TAO tokens.

Why such interest in KernelDAO?

KernelDAO is a leading restaking protocol behind a $1.7 billion total value locked ecosystem.

The YZi Labs-backed project is live across top blockchains, including Ethereum and BNB Chain.

Notably, it boasts key products like Kernel, Kelp, Gain, and Kred, a recently introduced product focused on real-world assets.

Upbit’s listing is the latest in bullish support for the KERNEL token, with the South Korean crypto exchange known for its active trading community.

The listing not only boosts KERNEL’s visibility but also taps into fresh liquidity pools.

KernelDAO is a restaking infrastructure platform that provides a range of staking-related services.

It enables restaking on the BNB Chain, supports BNB Liquid Restaking Tokens (LRTs), and offers Bitcoin (BTC) restaking opportunities.

In addition, the project operates an Ethereum-based restaking protocol that runs directly on the Ethereum network.

This system includes a vault-style smart contract designed to manage staked ETH, rsETH, and liquid staking token (LST) assets.

The platform’s native KERNEL token serves multiple purposes, including governance, restaking, and slashing insurance within the ecosystem.

KernelDAO bulls target $0.50 next

KERNEL price reached an all-time high of $0.46 in April 2025, and while it dropped to lows of $0.09 in June, it has recovered by more than 115% since.

Current prices around $0.19 means bulls are about 57% off the all-time peak.

As the broader cryptocurrency market rebounds amid various catalysts, including renewed institutional interest, regulatory clarity in key regions, and macroeconomic shifts favoring risk assets, KernelDAO looks set to benefit.

DeFiLlama shows the protocol’s total value locked (TVL) has pumped to over $1.7 billion.

As such, gains across the restaking sector could add further fuel to KernelDAO’s ecosystem.

Targets on the upside include the ATH and a breakout above $0.50.

On the downside, buyers need robust activity around $0.18 and $0.16.

The post KERNEL price goes vertical on Upbit listing, hits $0.23 appeared first on CoinJournal.

• Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50.
• Trading volume jumped 1,280% to over $129 million to signal buying pressure.
• “A big week” ahead and other potential catalysts could boost ME bulls.

Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.

Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.

As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.

But what could help ME price in the short term?

Magic Eden among top gainers as price pumps 35%

Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.

The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.

This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.

ZEC hovered around $270 on October 24, but was near $350 at the time of writing.

On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.

While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.

ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.

RSI at 60 suggests bulls have more room to aim for gains.

What could help Magic Eden price higher?

Several factors appear to have converged to ignite this pump.

Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”

This post, which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.

Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.

ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.

As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.

Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.

Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.

The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.

Overlaying these platform-specific tailwinds is a broader crypto market rebound.

While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.

The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.

The macroeconomic lift could spill over to altcoins like Magic Eden.

The post Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype appeared first on CoinJournal.

• Avantis whale activity remains weak despite strong short-term price gains.
• Technical breakout hints at reversal, but confirmation needs $1.00 break.
• TVL surge and new listings boost adoption amid rising volatility.

After a steep correction that erased much of its September gains, the Avantis price has staged an impressive rebound, rising 73% over the past week and 31.9% in the last 24 hours.

The AVNT token is now trading around $0.86, still nearly 59% below its September peak of $2.66.

While the recovery has rekindled investor optimism, the question remains — can this rally hold, or is it merely a temporary reprieve in a larger downtrend?

Whales are still on the sidelines

Despite the sharp recovery, large investors appear hesitant to jump back in.

On the daily chart, the Chaikin Money Flow (CMF), a key indicator of whale participation, remains below zero, showing that major wallets are not yet accumulating AVNT.

Historically, the Avantis price has moved in tandem with whale inflows; its September surge to an all-time high coincided with CMF turning positive.

Since the indicator slipped below zero on September 26, the market has seen sustained selling pressure.

While CMF has slightly improved in recent sessions, the momentum is weak.

The lack of significant whale support casts doubt on the rally’s durability.

For a genuine reversal to take hold, CMF needs to cross decisively into positive territory, confirming renewed institutional confidence.

Technical patterns hint at a possible shift

From a technical standpoint, Avantis appears to be trying to flip its bearish script.

The token recently broke out of a falling wedge pattern on the 12-hour chart, a formation often associated with a trend reversal.

The Relative Strength Index (RSI) sits at 52.1, and the MACD histogram has turned slightly positive at +0.0088 — both signs of growing bullish momentum.

However, beneath these signals lies a warning.

Between October 10 and 21, the Avantis chart formed a hidden bearish divergence, where prices made lower highs while RSI posted higher highs.

This pattern can foreshadow weakening upside pressure.

A close above $1.00 would invalidate this bearish setup, confirming stronger buying interest.

Until then, traders remain cautious, especially with key support anchored around $0.57.

Rising TVL and platform growth fuel optimism

Fundamentally, Avantis’ ecosystem continues to show progress.

The project’s Total Value Locked (TVL) recently surpassed $111 million, up more than 430% in a month.

Much of this growth stems from its synthetic asset trading platform on Base Chain, which has attracted new liquidity and users.

The development of composable yield products is also boosting engagement, as AVNT’s staking and governance features tie directly to network revenue.

This rise in TVL not only reflects increasing adoption but also suggests stronger underlying demand for the AVNT token.

The platform’s expansion reinforces its long-term utility case, even as short-term market sentiment fluctuates.

Exchange listings have added liquidity — but also volatility

AVNT’s recent listings on Binance, Upbit, and Coinbase have dramatically increased liquidity, with daily trading volume now exceeding $307 million — roughly 2.4 times its market capitalisation.

Such high turnover indicates speculative enthusiasm, but it also underscores the market’s instability.

Following the listings in September, AVNT soared by nearly 400% before correcting by 60% in the weeks that followed.

The current rebound, though encouraging, remains fragile unless sustained by organic demand rather than short-term trading.

Avantis price outlook

In the short term, all eyes are on whether the Avantis price can maintain momentum above the $1.00 resistance.

Breaking this level would signal the start of a broader trend reversal and could open the path toward $1.32 and potentially $2.66 — the previous all-time high.

Failure to hold above $0.57, however, could invite renewed selling and a retest of lower levels near $0.46.

The post What next for Avantis price after the 73% recovery? appeared first on CoinJournal.