Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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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.

The post Chainlink price forecast as key metrics point to increased onchain activity appeared first on CoinJournal.

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Morphware (XMW) price pumped 450% and dumped immediately: what happened?

  • UAE investment news and Reuters coverage sparked a rapid Morphware (XMW) rally.
  • Low liquidity and profit-taking fueled a sharp price reversal.
  • Contract risks and cautious sentiment have kept volatility high.

The price of the Morphware (XMW) token jumped 450% earlier today, reaching a high of $0.2501 according to Coingecko, before erasing all the gains to trade at $0.04353 at the time of writing.

The sudden pump-and-dump unfolded within hours, leaving traders scrambling for answers.

Morphware (XMW) price chart

Here’s a closer look at what triggered the move, why it collapsed, and what comes next for XMW holders.

What caused the surge?

The rally was sparked by Morphware’s announcements earlier this week.

On August 12, the team revealed that a leading UAE investment firm had committed funds to its AI infrastructure and mining operations.

The following day, the news was picked up by Reuters as a press release, bringing mainstream visibility to the project’s expansion into the UAE.

This combination of social media hype and media coverage fueled a rush of speculative buying.

The headlines not only attracted existing crypto traders but also drew in new investors who had never tracked Morphware before.

Why the rally collapsed

Despite the explosive move, the rally was unsustainable. The first reason was liquidity.

Morphware’s 24-hour trading volume stood at just $241,276, far too low to support a rapid surge in valuation.

As a result, even modest buying pressure was enough to send the price skyrocketing, and a relatively small wave of sell orders triggered the collapse.

Second, speculative momentum quickly gave way to profit-taking.

Traders who entered early rushed to lock in gains, while others, alarmed by the pace of the spike, chose to exit before the inevitable correction.

Finally, lingering concerns around the project’s contract added to the selloff.

Risk trackers have warned that the contract creator retains significant privileges, including the ability to change fees, mint tokens, or even disable sales.

Fundamentals versus volatility

Morphware has promoted itself as more than just a token play.

The company emphasises its enterprise AI services powered by NVIDIA B200 and H200 GPUs, hydroelectric-powered data centres at Itaipu, and an integrated Bitcoin-mining operation that leverages surplus renewable energy.

XMW is positioned as a utility and governance token supporting these services, with revenue drawn from both AI operations and Bitcoin mining.

While these fundamentals create a compelling long-term narrative, they do not explain the extreme intraday volatility that traders experienced today.

Risk signals traders are watching

Morphware supporters have pointed to a reported $600,000 buyback, with tokens locked for ten years, as evidence of strong conviction from the team.

However, sceptics argued that the token’s centralisation risks outweighed such commitments.

Morphware price outlook

Morphware’s spike-and-crash highlights how quickly sentiment can shift in thinly traded markets.

A wave of hype can send prices soaring, but without liquidity and transparency, those gains can vanish in minutes.

For now, XMW remains a highly speculative token, and traders will need to balance the project’s long-term ambitions with the risks of short-term volatility.

Going forward, traders should keep a close eye on on-chain movements, order book depth, and any administrative changes to the contract.

The traders could also watch for follow-up announcements from Morphware regarding its UAE expansion and whether the locked buybacks remain verifiable.

The post Morphware (XMW) price pumped 450% and dumped immediately: what happened? appeared first on CoinJournal.

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NEO price dips 7% as Binance ends support for Neo Legacy Network

  • The exchange has confirmed plans to halt deposits and withdrawals on Neo Legacy.
  • The phase-out will begin on August 25, with a complete shutdown scheduled for October 15.
  • NEO has plummeted amidst community uncertainty.

The digital assets landscape endured a bloodbath on Monday as the global crypto market cap plunged 3.27% in the past day to $3.89 trillion.

While most assets reflect bear dominance, NEO suffered the most after Binance confirmed it would end support for Neo Legacy.

Starting August 25, the leading exchange will no longer support asset deposits through the NEO network and will halt withdrawals by October 15.

Moreover, Binance will not credit any deposits made after the deadline.

The announcement magnified NEO’s decline.

The alt lost around 7.62% from $6.5012 to an intraday low of $6.0058.

Affected tokens

The halt decision will impact three key assets: NEO, NeoGas (GAS), and Kepple (QLC).

While GAS and NEO holders can use other Binance-supported platforms to transact, Kepple investors encounter a harsher situation.

The exchange has advised holders to cash out all QLC before the October 15 deadline. The team emphasized:

It is strongly recommended for users holding QLC tokens to withdraw their remaining tokens before 2024-10-15 08:00 (UTC), as transfer of assets will cease after the shutdown.

What prompted Binance’s decision

The leading trading platform is known for delisting projects that do not meet certain standards.

However, Neo Legacy’s case is different.

Binance emphasized that the platform’s transition into a more advanced version, Neo N3, triggered the suspension.

The Neo Legacy team announced the network’s shutdown in April to focus on the advanced platform “designed to replace Neo Legacy.”

The official announcement read:

As part of our commitment to advancing Neo’s technology and focusing our efforts on the future, we have made the decision to sunset the Neo Legacy Network.

Meanwhile, Binance’s notice stirred the markets as it formalized the end of Neo’s older system.

However, the suspension could be a necessary step as handling two active platforms often fragments user activity and liquidity.

Focusing on Neo N3 might form a cleaner ecosystem that can bolster adoption in the coming times.

What’s next for investors

With the deadlines somewhat tight, Neo Legacy users may have to consider three primary things.

Firstly, any deposit completed to Binance via Neo Legacy after August 25 will lead to asset loss.

Secondly, the exchange will suspend withdrawals entirely on October 15.

Lastly, enthusiasts should watch the native token’s performance.

NEO could plummet further to test key price levels as investors seek clarity.

NEO price outlook

The alt exhibits significant bearishness at $6.06.

NEO attempts to recover from earlier losses, but indicators signal sellers’ dominance.

The 3H MACD and RSI confirm that bears control of NEO’s trajectory as they depict waning momentum.

Moreover, the current broad market bias suggests further price dips for NEO.

The post NEO price dips 7% as Binance ends support for Neo Legacy Network appeared first on CoinJournal.

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PUMP price dips 15% as Pump.fun offloads 2.5B tokens

  • The Launchpad has transferred PUMP worth around $9.19M to OKX.
  • The transaction sparked concerns about market confidence and bearish pressure.
  • PUMP price plunged on the daily timeframe.

Digital currencies traded in the red on Monday as Bitcoin and Ethereum dropped 2% and 3.20% after an early morning sell-off.

Meanwhile, PUMP grabbed attention as its significant decline coincided with a massive token transfer by meme crypto generator Pump.fun.

According to Lookonchain, the platform sent 2.5 billion tokens, worth approximately $9.19 million, to the OKX exchange, hours before the brutal slump.

The sizable transaction attracted analysts and traders, with many debating whether the move indicates an imminent sell-off.

Massive token deposits to an exchange often signal bearish pressure as the move increases the chances of dumping the assets into the market.

PUMP’s price has dipped from an intraday high of $0.003736 to $0.003172, a swift 15% decline.

The alt has erased its weekly gains as participants possibly exit to avoid further losses, as testified by the surge in daily trading volumes.

Why does the transfer matter?

PUMP’s price decline is more than a usual plunge in the volatile crypto market.

Pump.fun’s transaction accounts for one of the largest single PUMP transfers to an exchange.

Such a size generally sparks questions about the motive.

Is the platform preparing a substantial liquidation, a treasury plan, or a distribution?

Massive deposits to trading platforms trigger uncertainty among traders and holders.

Such sentiments precede panic selling.

The sharp price dip indicates the sensitivity of meme’s valuation to abrupt supply shocks.

Rather than boosting community trust after confirming no airdrop soon, the team is offloading the native token.

Nevertheless, the transfer could indicate a strategic move by Pump.fun, and not an immediate dump.

For instance, the 2.5 billion tokens could bolster liquidity within OKX for enhanced trading access and adoption.

PUMP sentiments take a hit

Meme coins thrive on community trust and hype. PUMP has performed well in the past few sessions as whales joined.

However, their confidence faces a test.

PUMP’s sudden 15% drop has catalyzed heated conversations on social forums.

Some find it ironic that Pump.fun completed buybacks only to offload within weeks, while others equate the meme Launchpad to the fallen FTX exchange.

On-chain data confirm the fading optimism.

For example, Coinglass data shows the alt’s Open Interest has declined by 6.41% to $443.79 million.

That means more traders are exiting positions than executing new ones.

PUMP price outlook

The coin trades at $0.003204 after brief recoveries from the daily low.

The 102% uptick in 24-hour trading volume suggests robust trader activity, possibly from individuals eager to prevent more losses.

Short-term technical indicators highlight the emerging bearish momentum.

The 3H MACD is plunging below the signal line, while the RSI depicts weakening strength after dipping from 56 to 38 over the past two days.

PUMP trades below the 50- and 100-Exponential Moving Averages on the 3H timeframe.

That shows bears control the alt’s current structure.

Moreover, the CMF has dipped into the negative region, confirming money flowing out of PUMP’s ecosystem.

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