Kategorie: Altcoin News

• Loopring (LRC) has surged more than 14% in the past 24 hours.
• The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume.
• If bulls hold onto gains, LRC price could target highs of $0.44 in the short term.

Loopring (LRC), the native token of the Ethereum-based layer-2 scaling solution, has surged by 14% in the past 24 hours, accompanied by a notable spike in trading volume.

According to data from CoinMarketCap, the price of LRC now hovers around $0.1058, suggesting fresh interest in the decentralized finance (DeFi) protocol.

LRC’s rally, which comes with a massive spike in volume, follows Loopring’s recent announcement of its official DeFi documentation that highlights innovative earning and trading solutions.

But could this push the Loopring price higher?

Loopring price jumps to a month-high mark

As data from CoinMarketCap shows, the 14% price jump has propelled Loopring to a month-high mark above $0.10.

The gain aligns with a huge increase in trading activity, with LRC seeing a 2,600% jump in the 24 hours to over $204 million, at the time of writing.

While other coins have posted similar surges, this suggests that investors are taking notice of Loopring’s latest developments.

The project’s focus on redefining DeFi with a CeFi-like experience, while maintaining a trustless environment, seems to be resonating with the community.

It combines with Loopring’s zkRollup technology, which enables faster and cheaper transactions on Ethereum, to indicate renewed optimism.

Our Loopring DeFi dev docs are now live💙

Whether you want to learn how to deposit, withdraw, use the products inside or get to know the API documentation – our docs are built to help you get the most out of Loopring DeFi 🤓

🌐→ https://t.co/Dw4OMdjFlh pic.twitter.com/YQ3L9g7vY4

— Loopring💙 (@loopringorg) May 2, 2025

LRC price prediction

From a technical perspective, Loopring is showing signs of a potential breakout.

The token is attempting to rebound from the lower border of a falling wedge pattern.

A look at the weekly timeframe paints this setup, usually viewed as bullish by analysts.

If this bounce confirms, LRC could rally toward $0.31 and $0.44 in the medium term.

Such a move will represent a significant recovery for the token, with the projection aligning with the historical pattern of a falling wedge.

It typically signals a reversal after a downtrend.

However, the broader market sentiment will play a crucial role.

On the downside, failure to break above this level could see LRC retest support near $0.07 and potentially $0.02.

Loopring’s fundamentals, such as its focus on DeFi innovation and layer-2 scaling, provide a strong case for growth.

Nonetheless, investors are likely to remain cautious amid inherent crypto market risks, including regulatory developments and market volatility

The post Loopring price jumps 14% as daily volume skyrockets appeared first on CoinJournal.

• Institutional interest drives the VIRTUAL rally.
• Chaikin Money Flow signals strong capital inflows.
• The price pattern shows a bullish formation.

While most digital assets struggled to maintain direction in April, VIRTUAL emerged as one of the few cryptocurrencies to post sharp gains.

The token has rallied 183% since April 1, making it the top-performing asset in the crypto space during a month marked by subdued sentiment and low volatility.

With its price up 22% in the last 24 hours alone, investor attention has turned to the technical indicators, suggesting further upside may be on the horizon.

The rally comes amid a broader shift in smart capital allocation, as institutional buyers appear to be rotating into mid-cap altcoins with strong momentum and liquidity.

Institutional interest drives the VIRTUAL rally

VIRTUAL’s uptrend began on 22 April and has since shown consistent price appreciation.

One of the most notable developments has been the surge in its Smart Money Index (SMI), which currently stands at 3.07.

The SMI tracks institutional trading patterns by focusing on price movements during the opening and closing hours of each trading day.

A rising SMI along with increasing price generally signals accumulation by professional or large investors.

This correlation suggests that “smart money” is positioning itself for longer-term gains, adding weight to VIRTUAL’s recent momentum.

On-chain data also shows that the number of whale addresses holding VIRTUAL has risen since mid-April, providing additional evidence of institutional accumulation.

Chaikin Money Flow signals strong capital inflows

Further confirming the bullish sentiment is VIRTUAL’s Chaikin Money Flow (CMF) indicator, which remains in positive territory at 0.25 and continues to trend upwards.

The CMF measures the volume-weighted average of accumulation and distribution over a given period, helping traders assess the strength behind a price move.

A positive and rising CMF reading reflects strong buying pressure and sustained capital inflows.

Together with the elevated SMI, this trend reinforces the narrative that VIRTUAL’s current rally is backed by increasing liquidity and investor confidence.

Analysts tracking short-term trends have also noted heightened activity on VIRTUAL’s decentralised exchange pairs, with total volume crossing $20 million over the past week.

This points to both retail and institutional participation in the ongoing uptrend.

Price pattern shows a bullish formation

Technically, VIRTUAL has been trading within an ascending parallel channel since its breakout on 22 April.

This formation, defined by consistently higher highs and higher lows within two upward-sloping trendlines, is generally considered a bullish signal.

As long as the token remains within this pattern, the current trend is likely to continue.

If momentum persists and demand remains high, VIRTUAL’s price could rise to test the upper resistance level near $2.26.

That would represent a further 25% increase from current levels.

However, if profit-taking intensifies and breaks the token’s support at $1.55 (£1.24), the bullish structure may fail.

In that case, the price could drop towards the $0.96 region, where previous demand re-emerged.

Short-term sentiment remains bullish

Despite broader market weakness, sentiment around VIRTUAL remains positive in the short term due to favourable on-chain metrics and increased institutional interest.

The token’s strong performance in April has sparked discussions around whether it can sustain momentum into May, particularly as altcoin volatility returns.

Technical indicators currently favour a continuation of the uptrend, though any macroeconomic shock or sudden risk-off sentiment in the crypto sector could pose downside risks.

Market participants are watching upcoming economic data releases closely, which may influence liquidity across risk assets, including VIRTUAL.

The post VIRTUAL token surges 183% in April amid rising institutional demand appeared first on CoinJournal.

• Sign (SIGN) price has jumped more than 80% amid multiple exchange listings, including on South Korea’s largest crypto exchange.
• Upbit plans to list SIGN trading pairs for Korean won, Bitcoin and Tether (USDT).
• Profit taking could derail Sign price momentum.

Sign (SIGN) is up more than 80% in the past 24 hours, skyrocketing as multiple exchanges and trading platforms list the token.

As of writing, the SIGN token traded near $0.13, up 85% and likely to rally further following its listing on Upbit, the largest cryptocurrency exchange in South Korea.

Market buzz as Sign surges

Sign is an omni-chain attestation protocol designed to power on-chain claims for identity, ownership, and credentials.

The Sign Protocol, which operates across multiple blockchains, aims to make attestation technology more accessible and user-friendly, embedding it into everyday digital interactions.

With services like Token Table for on-chain token distribution, EthSign for web3 signing, and the Sign Protocol for omni-chain attestation.

Meanwhile, the Sign (SIGN) token is the platform’s native token, used for gas fees, staking and airdrop rewards.

SIGN token’s remarkable price rally comes as Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of the token.

It joins other platforms, including Bitget, Bitrue and Gate.io in adding support for the token.

신규 디지털 자산 사인(SIGN) 거래지원 안내

✅ 지원 마켓: KRW, BTC, USDT 마켓
📅 거래지원 개시 시점 : 추후 공지 예정

🔗공지 바로가기:https://t.co/aXbkAJGAQB#Upbit #SIGN@ethsign pic.twitter.com/iFe88IcmGH

— Upbit Korea (@Official_Upbit) April 29, 2025

The hype amid these developments have seen Sign’s token price jump sharply.

Upbit plans to list SIGN with Korean won (KRW), Bitcoin (BTC), and Tether (USDT) trading pairs.

Upbit said in a notice that deposits/withdrawals will open three hours after the announcement.

However, the exchange did not provide an exact listing time for the token.

Why does Upbit listing matter?

South Korea is a major hub for crypto trading, and Upbit’s dominant position in the market has given SIGN a significant boost.

The exchange’s decision to support SIGN reflects growing confidence in the project’s potential, especially given the fact that South Korean investors have historically shown massive enthusiasm for digital assets. Its listing of the token could help push prices higher.

Notably, the trading volume of Sign (SIGN) has reached over $658 million, representing a staggering 1,462,136% increase in 24 hours.

CoinGecko analysts indicate the spike signals a sharp rise in sentiment and market activity.

Analysts are optimistic about its short-term trajectory, given the heightened trading volume and market interest.

Price discovery may see buyers extend beyond $0.13, with momentum continuation benefiting from overall market performance.

However, monitoring of whale activity could be key as is the fact that a reversal amid profit taking may be equally sharp and painful.

The post Sign token surges 80% after major exchange listings appeared first on CoinJournal.

• 1inch price performance amid market recovery
• The 1INCH token has spiked 15% in the past week amid Bitcoin’s rise to above $95k.
• Could a key 1inch Investments Fund development help 1INCH price higher?

The 1inch Network token (1INCH) has seen an impressive 15% surge over the past week, reaching $0.2089 as of April 28, 2025.

According to CoinMarketCap data, this includes a nearly 4% spike in the past 24 hours.

It’s an upward movement that aligns with a broader crypto market recovery, currently seeing Bitcoin (BTC) hover above a key level.

As 1inch price looks to break higher, other altcoins such as Casper are rallying.

Meanwhile, BTC is bidding for an uptick towards $100k – the psychological level that could buoy altcoins in the short term.

Currently, Bitcoin price sits around $95,218, up 1.9% in the past 24 hours and nearly 10% in the past week.

With the overall market sentiment seeing bulls take charge, it’s altcoins like 1INCH that could ride a wave of positive momentum to go parabolic.

Why is 1INCH surging today?

As noted above, 1inch price has traded higher amid Bitcoin’s spike to above $95k.

It’s an overall outlook that could continue to dictate bulls’ performance.

However, a likely key driver behind 1INCH’s price surge is the strategic moves by 1inch’s Investment Fund.

According to Spot On Chain, the fund recently rotated profits from Wrapped Bitcoin (WBTC) into $1INCH.

The fund has sold 70.76 WBTC for 6.68 million USDC and then used 1.05M USDC to buy back 5.23 million 1INCH at the average buy price of $0.199.

This move signals strong confidence in 1INCH’s future value, especially given the fund’s historical success in trading its own token. Previously, 1inch achieved a 118% profit from trading.

Additional tailwinds for 1INCH may have come from 1inch’s announcement of a new mobile wallet feature.

This recent update, which enhances web3 accessibility, might be a key driver of 1inch adoption, increasing demand for the native 1INCH token.

1INCH price prediction

From a technical perspective, 1INCH shows promising signs for continued growth.

The Relative Strength Index (RSI) currently sits around 65, indicating that the token is nearing overbought territory but still has room before hitting extreme levels above 80.

This suggests sustained buying pressure, though traders should watch for potential pullbacks if RSI climbs higher.

Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover.

As can be seen in the chart above, the MACD line is above the signal line and has a positive histogram, reinforcing the upward trend.

The price is also hugging the upper Bollinger Band. Based on this, $1INCH could target $0.24 in the short term, a level it previously reached in 2024. If this happens, bulls may eye new highs.

However, if overbought conditions trigger profit-taking, a dip to $0.18 might occur as a key support level.

The post 1INCH price up 15% as BTC gains: what’s driving 1inch higher? appeared first on CoinJournal.