Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Ondo surges as RWA growth fuels price rally

  • Ondo (ONDO) price hovered above $1.00 as bulls looked to break from a downtrend.
  • The real-world asset tokenization platform’s traction and milestones in total value locked have aligned with gains.
  • Ondo Finance is one of the leading RWA platforms in the market.

With ONDO trading to an intraday high above $1.13 with a 5.8% gain over the past 24 hours, buying pressure may see bulls target a breakout above $1.2 and aim for $2.00.

This outlook and surge coincides with Ondo Finance’s TVL soaring to over $1.5 billion as the RWA market rallies..

Ondo TVL hits $1.5 billion amid RWA traction

The Ondo token jumped to $1.13 on Friday, with gains taking it to its highest level in over a month.

Ondo bulls have rallied 16% in the past week, cutting monthly losses and allowing for a potential technical breakout after breaking its downtrend.

Per DeFiLlama, this has come as Ondo Finance’s TVL rose, and it crossed the $1.5 billion mark to reach highs of $1.57 billion.

The protocol’s accelerating role in the RWA sector has helped this outlook, with Ondo’s tokenized products key to the growth.

Surging demand for Ondo’s flagship products, such as OUSG, a tokenized short-term US Treasury fund, and USDY, a yield-bearing stablecoin, are the main drivers.

Upside for RWA tokens has elevated the market cap for these assets to over $75 billion, while adoption of tokenized assets has pushed RWA onchain value to more than $29 billion.

According to RWA.xyz, Ondo’s OUSG and USDY account for about $1.4 billion, with $729 million and $657 million in the two assets respectively.

Ondo’s TVL achievement and RWA traction aligns with a surge in demand for tokenized asset investment opportunities across Wall Street.

Ondo price targets $2 amid potential technical breakout

The TVL surge has ignited bullish sentiment for ONDO, with analysts eyeing a price target of $2 in the short term.

Having aggressively bounced from recent lows, the breakout to above $1 gives buyers the upper hand.

In this case, further gains will allow them to target Ondo’s all-time high of $2.14 set in December 2024.

Ondo price chart by TradingView

However, bulls may first have to navigate initial robust resistance around $1.14.

If this works, a potential rally to above $2  and the target of $2.4 could follow.

Bulls will be helped by the broader market conditions, regulatory shifts and institutional endorsements.

The collaboration with World Liberty Financial and integrations with BlackRock’s BUIDL Fund speak to this possibility.

The ascent to $1.5 billion in TVL aligns with Ondo DeFi’s maturation, including in bridging yield-generating assets with blockchain efficiency. Global potential of RWAs is another likely catalyst for Ondo.

The post Ondo surges as RWA growth fuels price rally appeared first on CoinJournal.

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Ethena (ENA) eyes 50% rally as whale activity, transactions and users surge

  • Soaring transactions and active addresses signal growing demand.
  • Accumulation by Whales hints at massive price moves on the horizon.
  • ENA eyes significant rallies to the resistance at $1.20.

Cryptocurrencies trade in the green on Friday, fueled by optimism of rate cuts after the latest inflation statistics.

The market cap has reclaimed the $4 trillion mark as large-cap altcoins like Solana steal the show with steady gains.

Meanwhile, this article evaluates the Ethena ecosystem, which has remained on the community’s radar lately due to its thriving USDe synthetic stablecoin.

While Ethena’s native token lags amid broader rallies, fundamentals and technical indicators suggest a massive rally on the horizon.

ENA trades at $0.7722 after a 0.67% dip in the past day, but rising active addresses, whale activity, and transaction volume position the token for impressive rebounds.

Bulls will target the crucial resistance at $1.20, which would mean an approximately 54% surge from ENA’s market price.

Let’s analyze supporting factors.

On-chain data paints a bullish picture for ENA

Crypto analyst and trader Ali Martinez has highlighted Ethena’s flourishing ecosystem, with active addresses, transaction volume, and whale activity on uptrends.

The chart reflects significant network engagement over the past month.

Such developments reflect increased activity from users moving digital assets, transacting, and interacting with decentralized applications (dApps).

That confirms a healthy and growing ecosystem.

Most importantly, whales have also re-entered.

Ethena has seen wallet growth and significant inflows, indicating institutional repositioning ahead of potential ENA rallies.

Ethena’s stablecoin initiative has contributed to the enhanced interest from institutions.

For instance, Mega Matrix filed $2 billion shelf registration for a USDe strategy last week.

The synthetic stablecoin has gained traction due to its yield-bearing model, which distinguishes it from the established USDT and USDC.

USDe ranks 3rd in stablecoin rankings, behind USTD and Circle’s USDC, with its $13.2 billion market cap confirming impressive growth since its February 2024 launch.

ENA price outlook

Ethena’s native token trades at $0.7720 after slight declines over the past day.

Analysts attribute the downside, which coincides with broader rallies, to the project exiting the Hyperliquid stablecoin USDH race.

While the faded trading volumes signal weakness, Ethena exhibits a healthy ecosystem that can support significant rebounds and rallies.

A bullish resurgence would see ENA targeting the foothold at $0.90. That could support stability above the psychological mark at $1.

Ethena will extend toward the key resistance between $1.20 and $1.30 amid continued gains.

That would mean an over 50% uptick from ENA’s current market price.

However, the Fed decision next week will set the market tone and influence Ethena’s short-term performance.

Crypto trader and investor Smith predicts a massive rally for ENA, citing the weekly chart.

He believes a decisive breakout amid an altseason would take the token’s price to $7.

Also, BitMEX co-founder Arthur Hayes has remained confident in Ethena, testifying to that with consistent purchases and bold predictions.

Hayes anticipates a 51x growth for ENA by 2028.

The post Ethena (ENA) eyes 50% rally as whale activity, transactions and users surge appeared first on CoinJournal.

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POL price outlook as Polygon implements key bug fix

  • Polygon’s token rose slightly amid a key network bug fix.
  • The POL price chart showed bears remain in control but upside momentum is likely.
  • Cryptocurrencies’ price currently mirrors the broader risk asset market.

Polygon’s token POL is up 1.6% as bulls try to break higher following a recent drop amid the proof-of-stake network’s node software bug that introduced a 10-15 minute delay in transaction finality.

But with the platform implementing an important fix, could the retest of the $0.275 area allow bulls to once again dominate?

The POL token’s jump to above $0.27 means the Polygon price is hovering near a key level above which buyers have previously rallied to $0.71.

Polygon rolls out key bug fix

On September 10, 2025, Polygon’s network announced its team had successfully implemented a fix to a bug that saw a node software malfunction cause a transaction finality delay.

While this briefly disrupted the decentralized applications (dApps) and remote procedure call (RPC) services, developers swiftly deployed a hard fork and software updates that have resolved the issue.

Specifically, the disruption stemmed from a bug in the Bor and Erigon node configurations, which impeded validator synchronization and milestone processing.

“We identified the cause of the finality issue and have rolled out v2.2.11-beta2 for Bor and v0.3.1 for Heimdall, the latter a hardfork to be implemented at 3PM UTC,” Polygon wrote.

Node restarts resolved issues for most validators and RPC providers, with the network achieving full consensus restoration shortly thereafter.

An update later provided more details:

“The hard fork has been successfully completed, and milestones are now processing normally along with state sync. Checkpoints are going through and consensus finalization has been fully restored on Polygon PoS.”

Polygon co-founder Sandeep Nailwal commented on the incident, emphasizing that this setback is part of the “growing pains” for the network.

The price of POL reacted negatively to the initial announcement, but looks set for a steady rebound alongside other top coins. On the bug fix and upgrade issues, Nailwal noted:

“The team is still monitoring the network closely and is investigating how this scenario occurred in the first place. I’m extremely grateful to our team of engineers for quickly identifying and resolving this issue, and for the patience and understanding of our community.”

POL price outlook

Sentiment across crypto presents a bullish outlook for tokens, but as seen in recent weeks, POL’s structure remains largely bearish.

After a breakout to the upper limit of an ascending channel on the daily chart, the token has dipped to leave buyers battling pressure below the $0.30 area.

POL price chart by TradingView

Technical indicators such as the RSI at 55 suggests room for bulls to grow. However, the MACD presents a mixed signal with a hint of a bearish crossover.

If upside momentum holds, POL price could target $0.54. Conversely, a dip below the $0.25 level could escalate the downturn to $0.20 and lower.

The post POL price outlook as Polygon implements key bug fix appeared first on CoinJournal.

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BNB hits new ATH above $900 as Binance’s new DeFi initiatives spark bullish momentum

  • Binance Coin has hit new all-time highs, surpassing the $900 psychological mark.
  • The exchange’s collaboration with Franklin Templeton fueled the upside.
  • The partnership promises institutional-grade solutions.

Cryptocurrencies recorded relief rallies today after the United States PPI data, which increased the odds of rate cuts in the upcoming Fed meeting.

Meanwhile, Binance Coin led the recovery with a stable surge to new all-time highs.

BNB rallied to $905 intraday highs, fueled by Binance’s latest strategic collaboration with global investment manager Franklin Templeton.

The alliance aims to bolster digital finance accessibility globally, deliver institutional-grade monetary solutions, and accelerate tokenized assets adoption.

Binance’s official announcement highlighted:

We aim to bring greater efficiency, transparency, and accessibility to capital markets – while enhancing yield opportunities and settlement speed. This collaboration bridges the scale of traditional finance with the agility of decentralized markets, delivering solutions tailored to the evolving needs of a broad range of investors.

Merging DeFi with TradFi

The alliance has a common goal – transforming the traditional capital markets through decentralized finance.

The $1.6 trillion Franklin Templeton will leverage its experience in tokenizing securities, whereas Binance contributes its massive trading infrastructure and deep liquidity.

The duo plans to introduce innovative investment products that create new yield opportunities, enhance transparency, and streamline transaction settlement.

Commenting on the move, Franklin Templeton’s Head of Digital Assets, Roger Bayston, said:

By working with Binance, we can deliver breakthrough products that meet the requirements of global capital markets and co-create the portfolios of the future. Our goal is to take tokenization from concept to practice for clients to achieve efficiencies in settlement, collateral management, and portfolio construction at scale.

Binance cements institutional focus

The alliance reflects Binance’s dedication to serving institutional players as DeFi merges with traditional finance.

The exchange’s Head of VIP and Institutional, Catherine Chen, emphasized:

Binance has a record of innovating first-in-crypto solutions that unlock access and opportunities for investors. Our strategic collaboration with Franklin Templeton to develop new products and initiatives furthers our commitment to bridge crypto with traditional capital markets and open up greater possibilities.

BNB price outlook

Binance Coin exhibited a bullish structure today, boosted by the collaboration news and broader market recoveries.

It trades at $896 after a slight correction from its all-time high.

The 30% surge in daily trading volume signals revived optimism.

The latest move by Binance US to reduce trading fees also boosted enthusiasm.

BNB remains poised for extended gains.

Holding above $900 could open the doors towards the long-term target of $1,000 in the upcoming sessions.

Meanwhile, broader market sentiments remain crucial.

Extended recoveries would support BNB surges to higher targets, whereas a substantial selling wave would likely delay the rally.

Digital tokens saw relief rallies today after the US PPI data increased the chances of rate cuts.

Bitcoin has reclaimed $113,000 as the global crypto market cap soared to $3.96 trillion (Coinmarketcap data).

Experts anticipate bullish performance from cryptocurrencies in the upcoming sessions, citing the potential rate cuts during the September 17 Fed meeting.

The post BNB hits new ATH above $900 as Binance’s new DeFi initiatives spark bullish momentum appeared first on CoinJournal.

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Alts today: Worldcoin rallies on Eightco backing, DOGE eyes ETF approval, FLOCK soars 150%

  • Eightco announced a $270M raise to fund the first-ever Worldcoin treasury.
  • An expert predicts a 93% chance of Dogecoin ETF approval this week.
  • FLOCK skyrockets after Upbit and Coinbase listings.

Altcoins displayed mixed performance on Tuesday as the broader market remained range-bound.

Worldcoin, Dogecoin, and Flock.io dominated fundamental and technical trends in the past 24 hours.

Eightco’s bold move into Worldcoin

WLD traded in the green today after gaining more than 50%.

It hovers at $1.92, with a 240% uptick in 24-hour trading volume confirming significant trader activity.

The altcoin turned bullish after public company Eightco confirmed a $250 million financing round dedicated to a Worldcoin (WLD) treasury strategy.

The firm revealed that it will use the placement’s proceeds to purchase the tokens, with plans to make Worldcoin the core pillar of its balance sheet.

Meanwhile, Worldcoin has attracted criticism due to its biometric verification, which requires iris-scanning.

Its team argues that the model guarantees security and aligns with the rising artificial intelligence technology.

Commenting on their pivot to Worldcoin, Eightco’s new CEO, Dan Ives, said:

The future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution. World is the internet of people. While AI gives us infinite abundance, World gives us infinite trust and authentication.

For context, Worldcoin rebranded to World in August 2024.

DOGE ETF approval imminent?

Dogecoin dominated meme coin trends once again, this time with crucial developments that hint at entry into the regulatory financial landscape.

According to Santiment’s analyst Brian Quinlivan, there’s a 93% odds that Rex-Osprey’s Dogecoin ETF gains approval and launches in the US this week.

Bloomberg ETF analyst made similar remarks last week, potentially fueling the rumors.

That will mark the first DOGE-focused exchange-traded fund in the American market.

The original meme token hovered at $0.2472 after gaining 4% in the past day.

While the current outlook suggests short-lived rallies, prevailing institutional traction remains crucial in transforming Dogecoin beyond its meme identity.

Nasdaq-listed CleanCore revealed a $175 million Dogecoin treasury last week, while Bit Origin confirmed plans to accumulate DOGE worth $500 million.

Thus, Rex-Osprey’s latest DOJE news grabbed attention.

If approved, the ETF would allow institutional investors to invest in the meme token through brokerage accounts.

That’s essential for players who want to participate in cryptocurrency without the technicalities of buying, holding, or wild volatility.

A Dogecoin exchange-traded fund will likely trigger significant gains for the altcoin.

That would potentially open the path to the highly sought-after $1 in the coming months, especially if other companies adopt similar cryptocurrency strategies.

FLOCK skyrockets 150%

FLOCK led today’s market recovery with a more than 150% price increase in the past 24 hours.

The robust rally came after the decentralized AI trading platform gained key integration on leading cryptocurrency exchanges Upbit and Coinbase.

The alt recorded a sharp jump after the listing before retracing to $0.4354.

Meanwhile, the 3,000% surge in 24-hour trading volume signals robust optimism, likely as the Coinbase and Upbit communities interact with the new token.

Nevertheless, FLOCK exhibits massive volatility, hinting at further declines as the hype cools before establishing a decisive trajectory.

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