Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Large-cap alts: LTC gains 12%, XRP at key level, SOL lands double institutional buy

  • Litecoin leads today’s gainers with a 13% jump, renewing interest in large-cap alts.
  • XRP bulls should defend $3.0 to prevent significant dips.
  • Two firms have purchased Solana worth over $23 million.

Digital tokens recorded minor price actions on Tuesday as the global cryptocurrency market cap soared 0.15% the past day to $3.73 trillion.

Meanwhile, Litecoin led the gainers with an over 12% gain, sparking interest in large-cap and legacy altcoins.

Ripple’s XRP trades at a crucial juncture as bulls defend the support level at $3.0, while Solana sees institutional traction as two companies purchase SOL worth over $23 million.

Let us find out more!

Litecoin leads the gainers

LTC saw remarkable gains in the past day, surging over 12% from $113 to $128 intraday high.

It trades at $125, with an over 200% uptick in trading volume, signaling robust trader activity.

Short-term technical indicators are flipping bullish.

For instance, the 3H Moving Average Convergence Divergence has crossed above the signal line, with green histograms demonstrating a buyer resurgence.

Also, LTC trades well above the 50- and 100-Exponential Moving Averages on the 3-hour timeframe.

That indicates bullish presence, hinting at upside continuation.

However, the RSI of 71 on the daily chart suggests impending overbought conditions.

Thus, the altcoin could retrace from its current peaks before extending towards the $200 target.

Institutional interest from the likes of Mei Pharma, Litecoin ETF momentum, and predicted altseason positions LTC for impressive rallies in the coming weeks and months.

XRP is at a key support zone

Ripple’s native coin hovers at $3.03 after relatively muted price movements in the previous day.

XRP structure suggests short-term struggles as trading volume remains weak.

However, prevailing sentiments could reinforce the $3.0 foothold.

Emerging speculations suggest that the Ripple vs SEC battle might end soon.

Also, the remittance company has gained key recognition from the United States authorities.

Technical indicators support XRP’s bullish bias.

The alt consolidated with a descending wedge setup from December to January, while steadying above the 50-d EMA.

The pattern ended with an upside breakout that catalyzed an over 70% increase in January.

XRP is repeating that performance. The digital coin is consolidating inside a descending wedge following substantial price actions.

The pattern sets the stage for a potential surge to $3.75.

Analyst ChartMonkey trusts XRP could top $4 and rally to $6 in the upcoming sessions.

However, losing the $3 barrier would delay the projected gains, possibly fueling declines towards the support at $2.80 and $2.48.

Institutions pour $23M into Solana

While Litecoin and XRP dominated price charts, institutions loaded up on SOL.

Firstly, crypto infrastructure firm BIT Mining has unveiled its first Solana validator node.

It has bought 27,119 SOL, worth around $4.89 million, to supercharge its Solana treasury.

Commenting on the initiative, BIT Mining Chief Operating Officer Bo Yu said:

This validator launch is a foundational step in operationalizing our Solana strategy. We are not just holding SOL, we are helping power the network. It demonstrates our belief in Solana’s potential and our commitment to building meaningful infrastructure that supports its growth, security, and decentralization.

Secondly, DeFi Development Corp has expanded its Solana holdings with a latest purchase of 110,000 SOL tokens, worth approximately $18.4 million.

That brings its total investments to 1.29 million SOL, valued at over $215 million.

That’s a significant balance since DeFi Dev Corp started its purchase after launching its crypto treasury strategy in April this year, 2025.

SOL trades at $165 after losing 1% in the past 24 hours.

The post Large-cap alts: LTC gains 12%, XRP at key level, SOL lands double institutional buy appeared first on CoinJournal.

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AAVE daily fees skyrocket 200%, signaling lending market recovery

  • Aave’s daily fees increased by around 200% within the last three months.
  • They hit multi-month peaks of over $3 million per day, indicating intensified borrowing.
  • The surge reflects reinvigorated DeFi lending interest.

Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures.

CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May.

That signals amplified on-chain activity and soaring demand for decentralised liquidity.

Most importantly, the statistics signal DeFi borrowing resurgences.

The chart shows AAVE’s 24-hour fees were below $1.2 million in early May.

It had surpassed 43 million as of the end of July, printing multi-month highs.

Revenue saw a modest gain (still below $500K) compared to collected fees, but the increase reflected enriched platform profitability.

Furthermore, the chart reflects significant dips and spikes in fee activity, which indicates healthy volatility.

Such fluctuations suggest an active lending market with healthy utilisation, and not instability.

Meanwhile, daily fees are the revenue engine for Aave.

The prevailing trend signals emerging resurgences for the protocol that saw flattened activity early in the year.

What’s driving Aave fees?

Borrowing demand is at the centre of the surging daily fees in the ecosystem.

Individuals pay interest whenever they borrow on Aave, and these payments account for the highest portion of the daily fees.

Fee income increases when more users take loans, possibly to chase price actions or leverage yield opportunities.

Also, the latest integrations have propelled fees.

For instance, users have deployed more than $60 million into yield-generating opportunities via MetaMask’s Aave-powered Stablecoin Earn feature.

Such streamlined plug-ins make it smooth for retailers to access lending markets, enriching demand for AAVE’s liquidity pools.

Moreover, the latest stable Ethereum price actions have encouraged users to (directly) interact with dApps again.

ETH has performed well over the past few sessions, even driving the “altcoin season” narrative.

Fees and protocol activity have surged as participants borrow assets, including stablecoins, from Aave.

AAVE price outlook

The native token reflected the increase in on-chain activity with notable gains.

It has gained approximately 60% since May 1 to press time levels of $263.

That makes it one of the top-performing DeFi assets this cycle – a notable feat, as meme coins, L2s, and centralized narratives dominate the trends.

Meanwhile, the rising fees will possibly boost revenue in the upcoming sessions.

That would bolster sentiments around Aave and its native coin.

Continued borrowing activities will likely help the protocol cement its status in the DeFi lending landscape, which would bolster AAVE’s utility and price gains.

Analyst CW predicts short-term recoveries for the altcoin.

He highlighted that AAVE’s nearest resistance zone is at $325, a nearly 25% increase from the market price.

Also, experts remain optimistic about AAVE’s performance.

For example, the BitMEX co-founder recently purchased significant amounts of the token via over-the-counter.

The post AAVE daily fees skyrocket 200%, signaling lending market recovery appeared first on CoinJournal.

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Mantle price outlook as MNT gains momentum with 20% spike

  • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
  • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
  • Ecosystem growth buoys overall bullish momentum.

Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

Mantle pumps 20% as altcoins bounce

As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

Is Mantle price poised for a breakout to a new all-time high?

Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

Mantle price chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

The post Mantle price outlook as MNT gains momentum with 20% spike appeared first on CoinJournal.

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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.

MYX Finance price

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.

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.

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FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

  • The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
  • Dune data shows Fluid handled more volume compared to all DEXs combined.
  • FLUID tokens surged over 15% in the past day amidst investor interest.

Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.

Ethereum steadies above $3,600 as XRP regains the $3 mark.

Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.

Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).

It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.

For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.

The protocol’s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.

Fluid climbs DeFi ranks

Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.

Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.

Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.

Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.

Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.

What’s fueling the growth

Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills, bringing the much-needed regulatory clarity to the digital assets industry.

Furthermore, the remarkable share indicates a platform serving its purpose.

The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.

Fluid’s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.

The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.

Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.

Will it maintain the momentum and overthrow Uniswap and Curve for good?

Transforming stablecoin liquidity?

Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.

While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.

Fluid’s rise could welcome a new era, where users prioritize performance over legacy.

Moreover, it reminds us of the benefits of stablecoin infrastructure.

While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.

FLUID price outlook

The native token reflected the reinvigorated optimism with notable price gains.

FLUID rallied 16% from yesterday’s $4.7199 to press time $5.48.

The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.

However, broad market bias remains crucial in determining the asset’s short-term performance.

A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt’s rebound in the upcoming sessions.

The post FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s appeared first on CoinJournal.