Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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LayerZero outlook: ZRO price on the edge ahead of $43M token unlock

  • The interoperability platform will release 25.71 million coins today.
  • Traders brace for potential volatility amid liquidity influx.
  • ZRO trades above the crucial support zone at $1.50.

Cryptocurrencies rallied on Monday as the value of all digital currencies soared 3% the past 24 hours to $3.74 trillion.

Amidst the broader optimism, LayerZero’s ZRO remained relatively unmoved, gaining only 0.56% in that timeframe to trade at $1.71.

ZRO’s sluggish performance comes as the community braces for today’s massive coin release.

Tokenomist data shows the interoperability protocol will unlock 25.71 million tokens, worth approximately $43.70 million, today.

The amount represents 7.86% of the current circulating supply.

The move will increase the available ZRO tokens, likely influencing the demand and supply metrics.

The altcoin’s subdued performance reflects investor and trader hesitation as the project braces for potential volatility in the coming hours.

LayerZero’s unlock tests trader confidence

The on-chain data shows the project will distribute the 25.71 million tokens to investor holdings, ecosystem rewards, and team allocations.

Keep in mind that LayerZero unlocks 25.71 million tokens on the 20th of each month.

These types of releases are common among new projects.

Nonetheless, the events catalyse volatility as previously locked ZRO assets enter circulation.

While the digital coin eyes recoveries after losing more than 10% of its value in the past week, traders should prepare for turbulence amid today’s $43.7 million release.

Now that volatility is almost inevitable, its intensity will drive ZRO’s price movements.

Meanwhile, a lot will depend on what the recipients will do with the unlocked trends.

Traders can expect bearish movements if large holders offload to secure gains.

On the other hand, activities such as staking, reinvesting, or using the assets within the LayerZero ecosystem can minimise the impact.

Previous market activity shows most recipients sold after the unlock.

ZRO price has seen downside pressure on or after the 20th of each month, following the scheduled releases.

ZRO price outlook

The alt is trading at $1.71 after a brief 0.56% uptick in the past 24 hours.

Its daily trading volume has increased by 154%, indicating interest in LayerZero.

ZRO braces for short-term turbulence in the coming hours with a surge in supply.

Traders can expect short-term bearish pressure before the alt’s decisive direction, which could depend on broader sentiments.

Nevertheless, ZRO exhibits a bullish structure in the longer term.

Its weekly chart demonstrates prolonged consolidation that seems to print a symmetrical triangle.

That pattern hints at potential breakouts in the coming sessions.

ZRO boasts a reliable support area at $1.50.

The digital token can climb to the resistance at $2.30 if it steadies above this foothold.

That would mean a roughly 25% increase from the market price.

Bull might extend to $2.50 before significant rallies to $4.19. However, broad-based bull runs are essential for such gains.

 

The post LayerZero outlook: ZRO price on the edge ahead of $43M token unlock appeared first on CoinJournal.

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Meme coin news: FLOKI price dips 17%, SHIB’s 270M outflows signal investor confidence

  • FLOKI loses momentum after Musk-triggered rallies.
  • Over 270 million Shiba Inu tokens left crypto exchanges in the past 24 hours.
  • The meme coin market remained stable over the past 24 hours.

Digital assets plunged again on Thursday as Bitcoin lost more than 2.5% the past day to $108,200.

The meme coin market, on the other hand, was able to trade flat on Tuesday.

The total market cap for meme coins remained above the $60 billion mark.

FLOKI sinks after Musk-fueled rally

Tesla CEO Elon Musk stirred the cryptocurrency market on Monday after sharing a post about his Shiba Inu pet, Floki, being the new X chief.

Meme cryptocurrency FLOKI, which shares its name with the famous dog, turned bullish almost immediately after the post.

The altcoin gained more than 30% as the cryptocurrency community focused on the “Floki is back” part.

However, the hyped didn’t last.

FLOKI has lost more than 17% on its 24-hour chart after plunging from $0.0000883 to $0.00007295 intraday low.

The sharp price swings confirm how volatile assets can be, especially those sensitive to social media chatter.

FLOKI is trading at $0.00007400, with faded traded volumes hinting at more price declines.

Further, the prevailing broader market downturn weighs on FLOKI’s performance.

Shiba Inu outflows signal investor trust

While FLOKI dominated price charts, Shiba Inu (SHIB) was in the limelight for different reasons.

CryptoQuant data shows the second-largest cryptocurrency recorded over 270 million in exchange outflows in the past 24 hours.

The metric plummeted from around 675 million tokens to 468 million in a day, reflecting staggering SHIB accumulation.

Massive asset withdrawals from exchanges signal holders moving assets to private wallets for long-term holding.

That translates to reduced selling pressure in the near-term.

In other words, large-scale investors seem confident in SHIB’s future performance.

The meme token is trading at $0.00001002 after an over 2% dip the past day.

SHIB has consolidated the past 24 hours, with recovering trading volumes hinting at imminent reversals.

However, broader sentiments remain crucial in determining Shiba Inu’s price actions.

Meme market overview

FLOKI and SHIB grabbed attention as the overall meme cryptocurrency market stayed somewhat stable.

CoinGecko data shows the value of all theme coins remained unchanged at above $62 billion.

Meme digital tokens outperformed the overall digital currency industry.

The crypto market capitalisation dropped over 2% the past 24 hours to $3.71 trillion.

The stability confirmed mild sentiments among meme tokens as bears rattle the overall market.

Could it be calm before the storm? Keep in mind that themed currencies often precede broad-based recoveries.

Meanwhile, analysts forecast bull runs in the coming months, citing key metrics. Michael van de Poppe says:

I think that we’re going to see a very soft print on the CPI, and then, going towards 50-75 bps rate cuts of the FED into the end of the year. We’re at the start of the altcoin bull run, and Bitcoin toward $1M.

Nevertheless, the current cryptocurrency landscape requires caution as volatility dominates.

The post Meme coin news: FLOKI price dips 17%, SHIB’s 270M outflows signal investor confidence appeared first on CoinJournal.

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Ethereum’s Vitalik Buterin applauds Polygon for pioneering ZK technology

  • He has praised Polygon and founder Nailwal for their contribution to Ethereum’s scalability.
  • Buterin highlighted Polygon’s early leadership in zero-knowledge technology.
  • Nailwal has participated in various humanitarian acts, including funding Balvi’s pandemic research.

The cryptocurrency market remains weak as Bitcoin’s fundamentals continue to weaken.

Amid the uncertainty, Vitalik Buterin has taken it to X to publicly praise Polygon and its founder, Sandeep Nailwal, for their remarkable contributions to scaling Ethereum.

Buterin commented on Polygon’s technical breakthroughs, especially its early investment in zero-knowledge EVM (Ethereum Virtual Machine) development.

He further respected Nailwal’s humanitarian efforts that merged health initiatives with blockchain development.

I really appreciate both Sandeep Nailwal’s personal contributions and Polygon’s immensely valuable role in the Ethereum ecosystem.

Polygon’s influence on Ethereum’s growth

Buterin’s post emphasized Polygon as a cornerstone of Ethereum’s scalability, crediting the blockchain for hosting innovative applications.

For instance, Polymarket has seen remarkable traction as a non-monetary blockchain offering real-world value.

Moreover, Polygon has hosted multiple high-throughput.

It has also prioritized ZK-EVM development and research.

Vitalik applauded the project’s early collaboration with Jording Bayliba’s team, who helped the Ethereum ZK ecosystem thrive during its experimental phase.

Polygon put a lot of resources into ZK-EVM proving early on, both by bringing in Jordi Baylina’s team and through other efforts, and greatly helped in moving the space forward.

The Ethereum co-founder also praised Polygon for creating AggLayer, which aids proof aggregation.

Buterin believes these efforts reflect Polygon’s dedication to building innovative tools that strengthen the Ethereum ecosystem.

Nailwal’s humanitarian efforts

Besides Polygon’s technical success, Buterin also spotlighted Sandeep Nailwal’s humanitarian drive and personal integrity.

For instance, his CryptoRelief initiative donated crypto assets to support India’s biomedical infrastructure.

In a gesture that demonstrated Nailwal’s integrity, the Polygon co-founder refunded SHIB tokens worth $190 million that Buterin had sent to the relief fund.

Buterin later channeled these funds to launch Balvi, an anti-pandemic project focused on indoor air safety and refining global health.

He voluntarily returned $190M of the proceeds from the SHIB token that I donated, which made the whole Balvi open-source anti-airborne-disease biotech program possible and possibly accelerated our understanding of important anti-pandemic topics like clean indoor air by years.

ZK technology and what’s next

Besides his appreciation, Buterin reflected on Polygon’s current advancement crossroads.

While the POL ecosystem pioneered ZK tech, the landscape has matured.

For instance, ZK-centric teams like Risc Zero, Brevis, and Succinct Labs now work independently from L2 networks.

Buterin trusts that such separations boost specialization as each team showcases its full capabilities.

Furthermore, Buterin urged Polygon to adopt “off-the-shelf ZK tech for enhanced security within its proof-of-security chain to align with Ethereum’s vision for L2 scalability.

Indeed, ZK has adopted a user-friendly approach, with each transaction costing $0.0001 to prove.

Altcoins Ethereum and Polygon’s POL underperformed today as selling activities dominate the broader cryptocurrency landscape, losing up to 5% of their value in the past day.

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Bio Protocol price surges 56% amid major network moves

  • Bio Protocol’s native token (BIO) surged 56% to $0.1238 within 24 hours of its listing on Upbit, South Korea’s leading crypto exchange.
  • A network update has introduced advanced AI-driven BioAgents, multichain support and other developments critical to the Bio Protocol ecosystem.
  •  BIO’s market cap climbed to $196 million.

Bio Protocol’s native token has experienced a dramatic surge, rising 56% in the past 24 hours to reach $0.1238, with trading volume exceeding $164 million.

This rally comes after the token’s listing on South Korea’s premier cryptocurrency exchange, Upbit.

Bio Protocol price skyrockets amid Upbit listing

After a month-long decline, Bio Protocol (BIO) is showing signs of recovery.

Since October 1, the cryptocurrency had been in a steady downtrend, falling from $0.15 to a low of around $0.078.

The announcement of BIO’s listing on Upbit has acted as the immediate catalyst for the token’s explosive growth.

Upbit commands over 80% of South Korea’s crypto trading volume and has a storied history of propelling altcoins to new heights.

At the time of writing, BIO’s trading volume surged 820% in the last 24 hours to $311.55 million.

This listing builds on BIO’s exchange momentum, following debuts on Binance and Kraken. 

BIO’s price is currently trading at $0.11, having shattered resistance at $0.09, and its market capitalization now stands at nearly $196 million according to CoinMarketCap’s data.

Bio Protocol price chart by CoinMarketCap

However, traders warn of potential pullbacks if broader market corrections materialize, emphasizing the need for sustained adoption beyond hype.

BIO surges amid major network update

Adding to the momentum from the Upbit listing is the ongoing cheer of Bio Protocol’s recent news of a major network update.

The update and its momentum have further energized its community. 

The update introduces enhancements to Bio Protocol’s staking mechanisms.

There’s also the integration of BioAgents, or AI-driven research assistants, with these aimed at automating hypothesis generation and experiment tracking. 

“From AI co-scientists to biotech IP, over 8,000 participants joined the first wave of the new Bio Launchpad projects. These launches tokenized AI co-scientists and biotech IP, enabling communities to fund and own breakthroughs in stem-cell research, men’s health, and brain health. Each project bootstrapped onchain treasuries and liquidity, setting the foundation for incentive-aligned communities around real-world science.”

While aspects such as network slowdown affect immediate community outlook, Bio Protocol’s ability to bridge biotechnology innovation with decentralized governance is huge for BIO.

It redefines industry standards, offering investors a unique opportunity to participate in a transformative ecosystem. 

Stakeholders are advised to monitor upcoming milestones, including the launch of new BioXP rewards and cross-chain developments. 

The prevailing market conditions may count as potential hindrances to bullish advances.

But with listings and other initiatives in place, buyers may target highs of $0.43, above which there’s the all-time peak of $0.92 reached in January 2025.

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Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

  • Bitcoin slides below $104K as crypto sell-off deepens.
  • $1B in crypto liquidations hit traders within 24 hours.
  • Aave, Flare, BCH sink; Jito jumps on a16z investment.

The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

Bitcoin slumps to $103,598

Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

The benchmark digital asset had partially recovered to highs of $106,600 at the time of writing.

However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

ETH, XRP, SOL and BNB mirror BTC’s woes

Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

Ripple’s acquisition of treasury firm GTreasury and reported $1 billion raise for XRP could be key to bullish sentiment.

Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

Aave, Flare, Bitcoin Cash among top losers

As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

Notably, AAVE was down 13%, ASTER -10%, FLR -9.7% and BCH traded -8% to lead underperformers among the 100 largest coins by market cap.

Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

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