Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

Veröffentlicht am

Toncoin price outlook as Verb Technology announces $558m TON treasury strategy

  • Toncoin price was down 6% and near $3.37 after recent gains.
  • Nasdaq-listed firm Verb Technology has announced a $558 million TON treasury strategy.
  • TON price could benefit from the company’s buying as interest grows.

Verb Technology Company, Inc. (Nasdaq: VERB), an interactive video-based sales applications firm, has announced plans for a major TON treasury strategy.

The firm has eyes on a $558 million initial haul for the first publicly listed TON treasury company.

News that Verb is looking to add TON to its treasury comes as the Toncoin (TON) price navigates notable selling pressure.

Big news for TON from Verb Technology?

Verb Technology has embraced TON, the native token of The Open Network blockchain network.

In an announcement on Monday, Aug. 4, Verb revealed a $558 million private placement aimed at the purchase of TON as the company positions itself as a leading TON player.

Verb’s capital raise attracted more than 110 institutional and crypto-native investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Kraken, Pantera, MEXC Ventures, Arrington Capital, Animoca, and BitGo also subscribed.

Verb is partnering with Kingsway Capital to help the ambitious venture.

The partnership will see Verb Technology rebranded as TON Strategy, with its move expected to make it the first publicly traded treasury reserve of TON.

By integrating TON, Verb seeks to capitalise on the blockchain’s growing adoption. According to the press release, Verb will begin its TON purchase and holding as a treasury asset on August 7, 2025.

“Telegram is the preferred messenger for the growing global crypto community and TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,” said Manuel Stotz, founder and CEO of Kingsway Capital.

Toncoin price outlook as altcoin attracts Wall Street

At the time of writing, Toncoin (TON) traded 6% lower as the broader market attempted to recover from last week’s volatility.

While TON was down, news that Verb Technology was eyeing a $558 million treasury strategy with the altcoin could quickly buoy sentiment.

This is because Verb’s $558 million commitment signals increasing Wall Street confidence in TON’s long-term value, aligning with overall institutional interest in cryptocurrencies.

TON traded to highs of $3.73 on Aug. 3, but with profit taking it down to around $3.37.

It’s a performance that sees Toncoin price hover just in the green on the weekly time frame.

However, the altcoin remains 23% up in the past month and holds an uptrend line formed since July 8.

Verb’s stock jumped amid the news, and it’s likely TON will follow as the new company begins to execute its strategy.

The post Toncoin price outlook as Verb Technology announces $558m TON treasury strategy appeared first on CoinJournal.

Veröffentlicht am

Solana price forecast as SOL bulls look to buy the dip

  • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
  • The technical outlook on the daily chart shows price is taking on a bearish flip.
  • Bulls bouncing amid crypto recovery could target $200.

Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

Here’s a look at the technical picture for SOL.

Solana drops to key support level

As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

A bearish sentiment amid this flip has SOL currently hovering at a key support level.

Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

Solana price prediction

The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

Spot ETFs and regulatory tailwinds could be the main catalyst.

However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

SOL price chart by TradingView

The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

The post Solana price forecast as SOL bulls look to buy the dip appeared first on CoinJournal.

Veröffentlicht am

Ethereum price prediction: ETH derivatives data shows weak momentum

  • ETH derivatives show weak momentum despite strong ETF inflows.
  • Ethereum’s network activity and TVL continue to decline.
  • Technical analysis hints at long-term upside, but traders stay cautious.

Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time.

However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon.

In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises several questions for market participants.

Is Ethereum’s recent rally sustainable, or is it merely a reflection of speculative optimism driven by ETF hype?

Furthermore, are investors losing confidence in Ethereum’s network fundamentals amid rising competition from rival blockchains?

Derivatives market tells a cautious tale

While Ethereum’s spot market has been energised by inflows into exchange-traded funds, futures data shows traders are hesitant to commit to leveraged bullish positions.

As of Thursday, the annualised funding rate for ETH perpetual futures had fallen back to 9%, down from 19% earlier in the week, with the ETH OI-weighted funding rate dropping to 0.0043% from 0.0163% on July 21.

ETH OI-weighted funding rate

This suggests waning demand for long positions, even after a near 46% gain in ETH price since early July.

This behaviour is unusual. Historically, rising prices coincide with stronger futures premiums, yet the current trend indicates hesitation.

The 3-month ETH futures premium has also softened slightly to 6%, down from 8% just days ago.

While this still sits within a neutral range, it reveals a reluctance among whales and market makers to bet aggressively on further price appreciation in the near term.

Ethereum network weakness frustrates investors

The cautious tone in derivatives is likely being fueled by stagnant on-chain activity.

Ethereum’s total value locked (TVL) dropped to a five-month low of 23.4 million ETH, falling 11% in just 30 days.

That sharp decline comes despite ETH’s rising dollar value and highlights a significant reduction in the volume of assets being deployed within the ecosystem.

In contrast, Solana’s TVL only fell 4% during the same period, while BNB Chain’s TVL rose 15% in native token terms.

These shifts show that competing platforms are either maintaining or growing their utility at a time when Ethereum’s activity appears to be plateauing.

Even more concerning is Ethereum’s decline in dominance among decentralised exchange (DEX) volumes.

According to DefiLlama, Ethereum recorded $81.32 billion in DEX activity over the past month.

Solana surpassed that with $82.9 billion, while BNB Chain led with a staggering $189.2 billion.

These figures highlight that Ethereum is no longer the go-to platform for certain core DeFi activities.

Technical analysis signals a mixed ETH price outlook

Despite lukewarm derivative activity, technical analysts remain divided on Ethereum’s future trajectory.

Popular investor Ivan On Tech has pointed to a symmetrical triangle pattern that could lead to a breakout toward $7,709, more than double the current price.

Meanwhile, another analyst, Mikycrypto Bull, has identified a long-term ascending triangle formation dating back five years, which could theoretically launch ETH as high as $16,700.

Adding to the bullish sentiment is a recent MACD crossover on the monthly chart, a signal that has preceded major rallies in previous cycles.

However, while long-term technicals hint at explosive potential, short-term forecasts are more cautious.

ETH must first break through $4,100 and hold above $3,700 to sustain its upward momentum.

Corporate confidence grows amid market doubts

Institutional and corporate adoption of Ethereum continues to grow.

Firms such as SharpLink Gaming and World Liberty Financial have accumulated substantial ETH reserves in recent months.

SharpLink now holds over 438,000 ETH and actively stakes its assets to generate passive income.

World Liberty Financial has acquired over 77,000 ETH, with recent purchases near $3,294 per coin.

These moves suggest that some institutions are positioning Ethereum as a long-term strategic asset.

Their investments reflect confidence in Ethereum’s evolving role as foundational infrastructure for decentralised applications and finance.

The post Ethereum price prediction: ETH derivatives data shows weak momentum appeared first on CoinJournal.

Veröffentlicht am

Solana DEX volume dips 20% after co-founder slams meme coins

  • Solana’s DEX volume has lost nearly $700 million since Monday.
  • The downside follows comments from its co-founder criticizing meme tokens and NFTs.
  • The remarks sparked debates, especially since meme cryptos have fueled Solana’s growth.

The latest comments from Solana’s co-founder, Anatoly Yakovenko, left speculative trading enthusiasts shaken.

Meanwhile, the blockchain reflects the impact on the decentralized exchange (DEX) front.

Yakovenko dismissed NFTs and meme coins as assets without intrinsic value in a July 27 X post.

He compared them to a mobile game loot box, which serves speculative individuals.

Meanwhile, the comments dented sentiments as Solana’s DEX volume has seen a 220% decline from Monday’s $3.071 billion to $2.374 billion today.

While sudden dips are not uncommon in the cryptocurrency industry, some participants are connecting the dots.

Meme cryptos have fueled Solana’s growth

It is the irony that grabbed the community’s attention. While meme tokens lack traditional utility, they have been vital in Solana’s latest boom.

Nearly all themed cryptocurrencies that have dominated trends in the past few years launched on the SOL blockchain.

PNUT, WIF, FARTCOIN, and the current PENGU, you can name them.

Furthermore, Solana boasts the largest meme launchpads (Pump.fun and Raydium).

At times when top chains like Ethereum and Cardano were quiet, Solana flourished due to viral meme assets and NFTs.

Moreover, leading Solana DEXs like Jupiter thrived during meme coin seasons.

With these trends, Solana attained a strong community, culture, profits, and growth momentum.

Thus, many equate Yakovenko’s comments to biting the hand that fed their ecosystem.

Solana-based exchanges have experienced substantial slowdowns days following the controversial comments.

Whether the 20% slide is a usual cool-off or a reaction to Yakovenko’s remarks, Solana’s ecosystem took a hit.

The tone might have discouraged some participants, who are likely considering alternative meme launchpads.

For digital assets enthusiasts, meme tokens and NFTs represent culture, accessibility, and creativity in the crypto industry.

Moreover, they lower entry barriers into Web3.

Meme tokens lack value, but drive excitement

Yakovenko’s comments weren’t unfounded. Most meme tokens lack utility beyond attention.

They face criticism since they lack legitimate backing, use cases, and the fact that most creators launch them as speculative plays.

Projects can record staggering surges overnight and crash within minutes.

You probably remember the controversial LIBRA case.

Libra surged to $224 million market capitalization project before crashing within hours, leaving its investors with massive losses.

Its current market cap is $3.94 million.

Hype, not fundamentals, dictates the life cycles of most meme coins.

However, they also work. While themed cryptocurrencies lack substance, they attract attention and excitement in the digital currency markets.

Also, they onboard retailers who want to join the market without navigating complex protocols.

This phenomenon has benefited Solana, putting it in the spotlight during periods when top blockchains felt dormant.

Though Yakovenko’s remarks appear true, they exposed the fragility between market behavior and logic in crypto.

Besides decentralization, the fun side of the blockchain industry remains vital for the sector’s liveliness.

The post Solana DEX volume dips 20% after co-founder slams meme coins appeared first on CoinJournal.

Veröffentlicht am

IP token jumps 12% as Grayscale launches Story Trust

  • Grayscale Investments has launched the Grayscale Story Trust to offer accredited investors exposure to IP token.
  • Grayscale’s announcement saw IP price jump 12% to hit highs of $6.41.
  • Bulls could target a new all-time high.

Grayscale Investments, the world’s leading digital asset management firm, has launched a new crypto investment product, the Grayscale Story Trust.

The product, announced on July 31, 2025, is designed to offer accredited investors access to a digital asset product allowing for exposure to Story Network’s native token IP.

Grayscale launches Story Trust

On July 31, 2025, Grayscale announced the launch of its Grayscale Story Trust, a product the asset manager says will expose investors to a project set to play a key role in the global intellectual property economy. Currently, the IP economy stands at over $80 trillion.

The Story network’s programmable IP focus aims to revolutionize the management, licensing, and monetization of intellectual property. Artificial intelligence (AI) and digital rights management are a major part of this growing market.

“Grayscale Story Trust gives investors exposure to a protocol shaping the foundational intellectual property layer for the information and AI era,” said Rayhaneh Sharif-Askary, head of product & research at Grayscale. “That includes not just creative content, but real-world data — the force powering one of today’s most advanced intelligent systems.”

IP price jumps 12% amid Grayscale news

Grayscale Investments has launched over 30 crypto investment products. Story Trust is the latest offering. It expands the firm’s diverse crypto offerings. However, there’s more.

The product also signals a pivotal moment for the integration of blockchain technology into the global IP market.

Story (IP) could be poised to lead this transformation, a scenario that could augur well for the native token’s price.

“The launch of Grayscale Story Trust reflects growing recognition that intellectual property, in all forms, has the potential to become one of the most important assets of the AI era. With $IP now available via a Grayscale Trust, investors can gain exposure to the infrastructure layer that enables programmable licensing and attribution across AI and creative applications,” said SY Lee, chief executive officer and co-founder of PIP Labs, a core contributor to Story.

As the Grayscale news broke, IP price jumped 8% to hit highs of $6.35 at the time of writing.

With sentiment bullish and altcoins looking to extend upside momentum, Story’s native token could edge towards February 2025 highs of $7.12. Currently, the token is looking at a five-month high and could allow bulls to target the all-time high of $7.33 reached on February 26.

The post IP token jumps 12% as Grayscale launches Story Trust appeared first on CoinJournal.