Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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OKB price hits new all-time high amid a 50% spike

  • OKB price rose 50% to hit a new all-time high of $195.
  • The altcoin is outpacing peers as investors react to tokenomics changes.
  • OKB is seeing traction as altcoins bid to break higher.

OKB, the native token of the OKX exchange, has soared to a new all-time high of $195, with intraday gains of over 50% catapulting the altcoin to the new ATH.

OKB’s price surge has also come amid a significant spike in daily volume, with market data showing the OKX token witnessed a staggering 428% uptick in 24-hour trading volume.

At the time of writing, the metric hovered around $1.17 billion.

Meanwhile, OKB is one of the standout performers in the past 24 hours and week, outpacing top altcoins as recent bullish catalysts keep bulls in control.

BNB also hit a new peak as exchange tokens rally.

Why OKB surged 50% as it hit a new all-time high

As top altcoins braced for a fresh dose of downside volatility, OKB extended its recent rally to a new ATH.

Having gone vertical from lows of $46 to highs of $116 on Aug. 13, the token retested the $92 area.

But bulls have traded higher since, breaking above $150 and hitting the intraday record high of $195 on Aug. 21.

OKB chart by CoinMarketCap

The buying pressure follows a strategic tokenomics overhaul that OKX undertook recently, with this significantly altering the OKB’s supply dynamics.

On Aug. 13, OKX executed a massive one-time burn of 65.26 million OKB tokens, slashing the circulating supply by over 50% to a fixed cap of 21 million tokens.

The move meant OKX aligned its token’s supply with Bitcoin’s hard cap, with the deflationary event a key catalyst to the parabolic price action.

The supply change has seen OKB’s market cap surge to $4 billion, while the price has increased nearly 90% in the past week and over 290% in the past 30 days.

As well as the token burn, OKX introduced an upgrade to its zero-knowledge Ethereum Virtual Machine (zkEVM) network built with Polygon technology.

The upgrade boosted the network’s transaction capacity to 5,000 transactions per second while slashing gas fees to near-zero levels, enhancing OKB’s utility as the native gas token.

 OKB price outlook

OKB’s price trajectory has pushed key technical metrics to extreme levels, with the Relative Strength Index (RSI) hitting overbought conditions.

Per the daily chart, OKB’s price hovers at a level where the RSI is above 92 and signaling a potential reversal.

OKX price chart by TradingView

However, the Moving Average Convergence Divergence (MACD) remains strongly bullish, with the MACD line above the signal line.

This and the histogram’s outlook suggest sustained buying pressure.

If bulls weather profit-taking deals, the next target will be a spike above $200 and further price discovery.

On the downside, support levels include $125 and $92.

The post OKB price hits new all-time high amid a 50% spike appeared first on CoinJournal.

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AVAX price outlook: SkyBridge Capital to tokenize $300M on Avalanche blockchain

  • SkyBridge will tokenize $300M of hedge funds on the AVAX blockchain.
  • The move positions Avalanche as a leading platform for RWAs.
  • AVAX charts suggest a potential 45% price jump if broader sentiments improve.

While cryptocurrencies retreated from their recent peaks, Anthony Scaramucci’s alternative investment company, SkyBridge Capital, supercharged Avalanche’s (AVAX) fundamentals.

According to the latest press release, SkyBridge plans to tokenize hedge funds worth $300 million on the Avalanche network.

Under this initiative, SkyBridge’s Legion Strategies Ltd. and Digital Macro Masfer Fund Ltd. will tokenize on AVAX’s network through leading financial service providers Apex Group and Tokeny.

Commenting on the move, SkyBridge’s CEO and founder, Anthony Scaramucci, stated:

Tokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape.

We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors.

The news renewed sentiments around AVAX’s potential amidst the ongoing broad market bloodbath.

Digital assets trade in the red as Bitcoin falls below $114,000.

Nevertheless, analysts remain bullish, perceiving the current correction as a healthy one after BTC’s surge to all-time highs of around $124,000.

With large-cap altcoins in the traders’ radar after the recent Ethereum rally, this article checks AVAX’s potential comeback once market sentiments improve.

The real-world assets (RWAs) sector is experiencing significant growth momentum as DeFi and TradFi converge.

Hedge fund tokenization will enrich Avalance’s ecosystem, as it already hosts tokenized credit, stocks, private equity, venture, and MMFs.

SkyBridge decision sets AVAX for impressive performance in the coming sessions.

The price chart supports a bullish case, pointing to a potential AVAX recovery to $32.

That would mean an over 45% gain from the altcoin’s current price.

Why Avalanche?

Financial institutions are never random when venturing into crypto.

Avalanche’s EVM compatibility, near-instant finality, and scalability likely attracted SkyBridge.

The $300 million initiative unlocks the AVAX platform for large-scale tokenization.

According to Tokeny co-founder Danie Coheur:

SkyBridge’s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it’s happening.

AVAX price outlook

While the tokenization updates strengthen Avalanche’s fundamentals, broad market weakness weighs on AVAX’s performance.

The alt hovers at $22 after losing around 1.80% in the past 24 hours.

AVAX remained relatively calm as markets crashed ahead of Powell’s anticipated speech.

Meanwhile, Avalanche looks poised to lead the next leg up, fueled by institutional interest, especially if SkyBridge succeeds in its plans.

Such a narrative aligns with the bullish chart pattern.

The Elliot Wave analysis shows that AVAX is finalizing a wave two correction.

This setup phase often precedes a massive wave three rally.

The structure highlights possibilities of recoveries to the $32 ceiling.

That would be an approximately 45% surge from AVAX’s market price.

However, improved broader market sentiments remain vital to support the upside.

Failure to overcome the obstacle between $26 and $27 will likely delay the projected AVAX recovery.

The post AVAX price outlook: SkyBridge Capital to tokenize $300M on Avalanche blockchain appeared first on CoinJournal.

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Altcoins update: Polkadot launches institutional arm, Robinhood lists SUI

  • The Polkadot Capital Group aims to bridge Web3 and TradFi.
  • Robinhood has listed Sui, enriching its exposure to retailers.
  • On-chain activity supports LINK’s momentum.

Digital assets displayed stability on Tuesday as the crypto market cap soared 1% in the past day to $3.91 trillion.

With most tokens hovering at key price levels, let’s check altcoins dominating trends with optimistic developments.

Polkadot unveils institutional arm

Polkadot has taken another step toward institutional adoption, rolling out the Polkadot Capital Group.

According to today’s press release, the new initiative will bridge the gap between Web3 and traditional finance (TradFi).

The launch is part of an ongoing trend in the blockchain sector, where leading ecosystems pursue institutional capital.

The Polkadot Capital Group introduces a platform that enables institutions to participate in blockchain advancements, ranging from infrastructure development to staking.

The group will offer comprehensive educational resources and support engagements with crucial initiatives and participants in the Polkadot ecosystem.

The initiative will back asset management, OTC trading, VC communities, exchange, banking, and allocators.

Commenting on the latest initiative, Polkadot Capital Group Lead David Sedecca said:

Our goal is to lead through data-driven education, driving adoption through knowledge transfer, and adapting in real-time to the dynamic priorities of institutional market participants. We envision a future where institutions clearly understand the unique value of our network and can engage confidently.

The move will likely bolster Polkadot’s appeal, especially if the group succeeds in inking strategic partnerships with leading fintech companies.

DOT trades at $3.86 after losing 2% in the past 24 hours, mirroring prevailing broad market weakness.

Robinhood adds SUI

The trading platform has added Sui to its product suite.

The addition opens SUI to millions of Robinhood users, bolstering its visibility and driving liquidity into the SUI ecosystem.

Sui is an L1 designed to support blockchain adoption through a powerful, scalable, and secure development platform.

It boasts over $12.5 billion in market capitalisation.

Now, Robinhood’s listing increases SUI’s visibility.

That’s crucial for adoption and blockchain’s long-term stability.

Moreover, the listing reflects Robinhood’s dedication to enriching its digital asset offerings.

The commission-free exchange houses multiple cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

SUI displays stability amidst the listing news. It dropped 0.30% over the past 24 hours to $3.57.

Chainlink’s bullish momentum

LINK has defied broader trends today.

It rallied to multi-month highs above $26, fueled by elevated on-chain activity.

The Chainlink Reserve, which launched early this month, has contributed to LINK’s stability in the past few sessions.

Also, the steady demand for decentralised oracle services has kept the altcoin afloat.

Chainlink positions itself as the backbone of DeFi, offering off-chain data to smart contracts.

LINK has retraced from its 24-hour peak to $24, with a 20% decline in trading volume threatening today’s gains.

However, analysts believe it’s among the top cryptocurrencies to watch this cycle.

Michael van de Poppe expects massive rallies from LINK after overcoming its prolonged downward trend, citing the Chainlink Treasury.

Meanwhile, the cryptocurrencies exhibit significant volatility as markets brace for tomorrow’s FOMC minutes and Powell’s Jackson Hole commentary on Friday.

The post Altcoins update: Polkadot launches institutional arm, Robinhood lists SUI appeared first on CoinJournal.

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Why is the price of WAVES token rising?

  • Waves launches AI tools and secures $10M funding for Units Network.
  • Price breaks $1.30 resistance with bullish RSI and MACD signals.
  • Community campaign boosts visibility as altcoin flows support gains.

WAVES is climbing again, and traders are asking why.

Over the past 24 hours, the token has risen by 4.86%, extending its 25% weekly rally.

At press time, WAVES traded near $1.40 after moving between $1.32 and $1.54 in the last day.

This surge reflects a mix of new product launches, technical breakouts, changing market conditions, and stronger community engagement.

New AI tools by Waves lit a spark

WAVES gained traction after the introduction of new artificial intelligence (AI) products designed to support decentralised finance.

In July 2025, the Waves team launched an AI Launchpad and a Liquidity Manager aimed at automating DeFi strategies and improving liquidity efficiency.

These additions gave developers easier access to infrastructure for building and optimising protocols on Waves.

Investor sentiment strengthened further when Units Network, Waves’ EVM-compatible layer-2, secured $10 million in funding from Nimbus Capital.

This institutional backing added credibility to the roadmap and attracted speculative capital.

Traders viewed AI-driven upgrades as solutions to real challenges in DeFi, especially in liquidity optimisation, and positioned accordingly.

The market now awaits adoption figures. Metrics from Q3 2025 on Units Network and AI tool usage will determine whether the bullish momentum can convert into lasting demand for the WAVES token.

WAVES price breakout clears a key barrier

On August 18, WAVES broke through $1.30, a zone that aligned with both the 200-day moving average and a major Fibonacci resistance.

That level now acts as psychological support.

Momentum indicators have confirmed the breakout.

The 14-day RSI printed 68.95, showing strong trend conditions though edging toward overbought territory.

At the same time, MACD recorded a bullish crossover with a rising histogram, confirming that upward momentum had accelerated.

$1.56, the 127.2% Fibonacci extension, is now viewed as the next upside target if price holds above $1.30.

The altcoin shift and community push

Broader market flows also work in Waves’ favour.

Although Bitcoin dominance remains elevated at 58.92%, the Altcoin Season Index has risen 26.47% in one week, signalling capital rotation into smaller-cap projects.

That rotation has given altcoins, like WAVES, a performance boost.

Still, derivatives suggested caution. WAVES Open interest has dropped 4.12% over 24 hours, showing that traders have reduced leverage exposure.

This decline indicates that the rally is being led by spot demand rather than aggressive futures positions.

For a token with a $139 million market cap and an uncapped supply model, shifts in demand can move the price sharply.

Long-term sustainability will depend on whether new tools drive real utility to offset the inflationary design.

At the same time, Waves is currently engaged in an active community campaign.

The project has announced the next “Waves Up in Space” mission, running from August 19 to September 5.

Participants of the “Waves Up in Space” mission are invited to post Waves-related content on Twitter and submit entries through Zealy for rewards.

Community challenges like this often amplify visibility, energise the base, and bring new traders into the ecosystem.

WAVES price outlook

The immediate focus is whether WAVES can hold above the $1.30 support zone with rising volume.

A strong defence of this level could open the way toward $1.56, while a breakdown risks stalling momentum and sending the token back into consolidation.

Beyond technical levels, traders should closely track adoption figures from Units Network, activity on the AI Launchpad, and usage of the Liquidity Manager.

Broader sentiment tied to Bitcoin dominance and altcoin flows will also play a decisive role.

For now, WAVES is rising because product upgrades, strong technical signals, market rotation, and a fresh marketing push all converged at once.

If adoption and demand follow through, this rally could mark more than just a short-lived bounce.

The post Why is the price of WAVES token rising? appeared first on CoinJournal.

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Chainlink price forecast as key metrics point to increased onchain activity

  • Chainlink price broke to highs $26 before correcting slightly.
  • LINK is surging amid a spike in onchain activity.
  • Partnerships and adoption trends remain bullish for Chainlink.

Chainlink (LINK) broke above $26 for the first time in months on Monday, surging amid a notable spike in onchain activity.

As LINK pares gains amid broader profit taking, analysts are saying the recent explosion of key network metrics could allow bulls to breach the supply wall at $30 as they target the all-time high of $52 seen over four years ago.

Chainlink sees significant surge in onchain activity

According to Santiment, Chainlink’s onchain activity has witnessed a significant spike in the past week.

For instance, on Sunday, August 17, a total of 9,813 unique LINK addresses executed at least one transaction, while the next day saw more than 9,625 new LINK wallets.

Per the onchain analytics provider, both metrics represent the blockchain network’s highest levels for the year.

“Onchain activity has been even more impressive than the price,” Santiment analysts noted.

Partnerships and LINK reserve

Recently, Visa’s head of crypto, Cuy Sheffield, explained via Visa’s Tokenized podcast, that Chainlink is a major pull for institutional entry into crypto.

Apart from Visa, Chainlink has partnered with ANZ, China AMC, and Fidelity International to bring cross-chain, cross-border settlements to tokenized assets across Australia and Hong Kong.

A Mastercard partnership is also huge for LINK.

Chainlink Data Streams is another solution seeing huge integration. Data Streams are now live for U.S. equities and exchange-traded funds such as AAPL, NVDA and CRCL.

Chainlink also recently partnered with Intercontinental Exchange, the parent company of the New York Stock Exchange.

“Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president of capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

Chainlink Reserve, an effort launched to support Chainlink’s traction in the DeFi and TradFi ecosystems, is also a major boost.

As well as being geared towards establishing Chainlink as a standard solution for global crypto adoption, the program bolsters its tokenized assets growth.

What’s next for LINK price?

Chainlink’s price action amid the surge in network activity suggests bulls are confident in LINK.

Chainlink price chart

Having broken above $20 and strengthened to $26, Chainlink is showing resilience. While bears have a say on immediate LINK price action, analysts say the altcoin could be on the cusp of a significant breakout.

While the key metrics indicate that Chainlink’s network growth is outpacing price gains, there are more bulls who are upbeat about.

A confluence of catalysts such as network integration across decentralized and traditional finance, whale accumulation and macro conditions, is what could propel LINK toward its ATH and into price discovery mode.

LINK traded at the all-time high above $52 in May 2021, a level bulls may target if market conditions align. Currently, the altcoin is on an uptrend since hitting lows of $16 on Aug. 6.

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