Kategorie: Altcoin News

• Synthetix’s native token SNX spiked more than 20% in 24 hours to hit $0.79.
• Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce.
• The Synthetix network’s move to launch its perps DEX on the Ethereum mainnet has helped SNX price.

Synthetix (SNX), a decentralized futures protocol with trading support on Ethereum, has seen its price surge by 20% within the last 24 hours as Bitcoin leads a minor bounce for the crypto market.

The SNX token, which has climbed alongside notable gains for Ethereum, Solana and XRP, hit intraday highs of $0.79.

Price gains for the altcoin happened alongside a significant jump in daily volume, with bulls attempting to break above a level that has previously constrained upside momentum around $0.80.

Synthetix (SNX) pops 20% in 24 hours – here’s why

The crypto market, still reeling from recent losses, is showing early signs of recovery as buyers attempt to regain control.

Bitcoin has reclaimed the $110,000 mark after a sharp dip, while Ethereum has climbed back above $4,560, holding steady despite broader risk asset pressure.

Solana has broken past $204, and XRP is eyeing the $3.70 level, both reflecting improved sentiment.

Within this backdrop, Synthetix has surged 20%, standing out as one of the stronger performers.

The rally comes as decentralised finance tokens show renewed strength, aided by Synthetix’s recent launch of the first perpetual exchange on the Ethereum mainnet—a development seen as a key catalyst for the token’s momentum over the past week.

In the period, SNX price has jumped by double digits, helped by the rollout of pre-deposits and a chance for traders to get on the Synthetix mainnet alpha whitelist.

The launch of SLP vault, a liquidity pool offering access to liquidity across all perp markets and an opportunity to rank among the first to earn SNX points, has driven a lot of the market activity for Synthetix.

Network support for gasless trading is also a huge move for the perps DEX.

Not for long.

Synthetix Mainnet will have gasless trading. https://t.co/Vdhuia1452

— Synthetix ⚔️ (@synthetix_io) August 26, 2025

SNX price forecast

While SNX price hovers at $0.79 and eyes gains towards $1, the altcoin remains well off its all-time peak of $28.53 reached in 2021.

Synthetix has also struggled since rejecting the December 2024 peak of $3.40.

Despite this largely negative trend, analysts are seeing a short-term bullish flip for Synthetix’s price.

If SNX successfully takes out the resistance at $0.80 and $0.85, bulls could eye the $1 mark.

Technical indicators on the daily chart support this outlook. The Relative Strength Index (RSI) is at 57, signalling potential for continuation.

Meanwhile, the Moving Average Convergence Divergence (MACD) is signalling a strengthening of upward momentum after a bullish crossover.

However, volatility remains a concern, and the $0.60 zone could offer support if bears pick up the advantage.

Traders taking profit or whale activity taking hold will be a key watch in the coming days for Synthetix, particularly after its 20% surge.

The post Synthetix price soars 20% amid volume spike: here’s why appeared first on CoinJournal.

• Numeraire price is up 40% to near $12.40 after JPMorgan secured $500 million capacity in Numerai.
• The NMR token jumped to highs last seen in February.
• JPMorgan’s move sees Numerai more than double its size.

Numeraire (NMR), the native token of the San Francisco-based crypto hedge fund Numerai, has surged more than 40% in the past 24 hours after JPMorgan announced investment in the hedge fund.

On Aug. 26, the Numerai team announced that JPMorgan has secured $500 million in capacity in Numerai, triggering the sharp price surge. Gains outpaced Cronos (CRO), which spiked after Trump Media announced a partnership with Crypto.com.

As NMR price broke to near $12.40, Numeraire’s daily volume jumped more than 800% to over $115 million. The token’s price reached its highest price since February.

JPMorgan secures $500 million capacity in Numerai hedge fund

As the intersection between artificial intelligence and decentralised finance grows, the crypto sector has become a magnet for top collaborations.

Numerai, the San Francisco-based hedge fund built by data scientists, is one of those in the ascendancy.

On Tuesday, the platform revealed that it had secured a $500 million commitment from JPMorgan Asset Management, with this coming after Numerai saw its assets grow from $60 million to $450 million.

The $500 million allocation follows Numerai’s exceptional performance in 2024, delivering a 25.45% net return with a Sharpe ratio of 2.75.

As highlighted in Numerai’s blog, investment from JPMorgan, one of the largest allocators to quantitative strategies globally, signals Wall Street’s growing confidence in AI-powered financial models.

The Paul Tudor Jones-backed hedge fund is set to see its assets under management more than double after this move.

A rebound that caught Wall Street’s attention

Numerai’s path has not been without setbacks. The firm lost 17% in 2023, echoing the struggles of other experimental quant platforms such as Quantopian, which shut down in 2020 after failing to deliver sustainable returns.

However, Numerai rebounded with a 25% gain in 2024 and has strung together 15 consecutive months of positive performance.

That turnaround drew the attention of institutional investors. “People don’t really want to invest until there’s a track record,” founder Richard Craib said in a Bloomberg report. “And when you’re doing something super unusual and different, like we are, they might wait even longer before they get excited.”

So far in 2025, Numerai’s flagship fund, Numerai One, is estimated to be up about 6% net of fees, compared to a 7% return for an index of quant equity market-neutral funds tracked by Aurum.

The fund has delivered gains in all but one year since inception, including a 20% rally in 2022 when broader markets slumped.

Big news for NMR?

Numerai, founded in 2019, operates a unique crowdsourced hedge fund model that leverages AI and data science.

On the platform, global data scientists can submit stock market predictions through an API and stake NMR tokens to back their models. Successful predictions earn rewards, while incorrect ones result in token burns, creating a dynamic incentive structure.

Additionally, Numerai has recently announced a repurchase of $1 million in NMR, a move that has the data science community excited.

The JPMorgan partnership not only validates Numerai’s vision but also highlights the potential for Numeraire in the crypto-AI sector.

With the hedge fund looking to scale its team and operations, the investor attention on NMR will likely be huge, particularly following this move by JPMorgan.

NMR price reached highs above $93 in May 2021 and  $25.80 in December 2024.

The post Numeraire price jumps 40% as JPMorgan commits $500m to Numerai appeared first on CoinJournal.

• Injective (INJ) price outlook as Republic expands RWA integration with Injective.
• The INJ token trades around $13.38 after dipping from highs of $16 amid crypto sell-off.
• ETF anticipation, tokenization growth and other catalysts may help INJ bulls.

Injective price hovers around $13.38 on Thursday evening, about 3% down in the past 24 hours and over 12% down in the past week, but could Injective’s integration with Republic help INJ price bounce to $20?

Over the past week, Injective has dipped from highs of $16, with sell-off pressure across the market adding to the declines.

This is despite the finance-focused layer 1 blockchain’s notable milestones across the ecosystem.

Now with Republic, a leading tokenized investments platform, bulls may fancy higher marks if markets flip bullish.

Injective integrates with Republic

While the crypto market bleeds, platforms are taking time to build.

Integrations are among the critical elements, and Injective has added to this with its official integration with Republic.

The platforms announced the collaboration on Aug. 21 and aim to bring Injective’s Layer 1 ecosystem into Republic’s on-chain investment infrastructure.

Specifically, the goal is to enable Injective-based projects to fundraise via Republic’s Launchpad, utilize Republic Wallet for asset management, and benefit from Republic’s validator support.

Why is this integration notable?

Republic and Injective are building on an earlier collaboration that saw Republic become an INJ validator.

However, and notably, the integration is a step forward in expanding private markets on-chain.

“With 3 million+ community members across 150+ countries and a portfolio that includes 27 unicorns such as SpaceX, Robinhood, Carta, and Dapper Labs, Republic’s integration with Injective represents a pivotal moment in bridging traditional finance with onchain innovation,” Injective wrote.

INJ price outlook: Can bulls reclaim $30?

The technical outlook for INJ is leaning bearish in the short term, with RSI and MACD both handing bears the upper hand.

Currently trading near $13 means the Injective price is closer to the lows of $6.90 seen in April 2025 than the recent peak of $34 hit in December 2024.

The sell-off that has hit Bitcoin and altcoins does not help bulls.

However, if sentiment flips, a breakout to $20 could allow bulls to target the $30 level.

Other than the Republic integration, other significant upward drivers will be overall institutional interest and demand amid tokenization and real-world assets.

Injective’s quest to dominate with new financial primitives designed to expand its DeFi capabilities, and the Nvidia GPU derivatives market add to the positives.

Also bullish for Injective price is anticipation around ETF filings and expected approvals and whale accumulation will be key.

Bulls nonetheless need to hold above $13 and potentially $10 so as not to hand greater initiative to bears.

The post INJ price eyes $20 as Republic expands RWA with Injective appeared first on CoinJournal.