Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Status (SNT) price surges as developer activity rises 35%

  • Status (SNT) price jumpd 38% in the past 24 hours.
  • Gains see the altcoin rank among best gainers today.
  • SNT broke to near $0.030 amid network growth, though potential for profit taking is high.

Status (SNT), the utility token powering the Status Network, has seen a remarkable price surge.

According to data from CoinMarketCap, SNT price is up 38% in the past 24 hours and over 60% in the past week. Its performance has overshadowed the plummeting MANTRA.

Having broken above resistance at $0.023, Status price jumped to near $0.030 before paring some of the gains.

Despite this, SNT ranks among the top gainers in the top 500 coins by market cap, behind Ardor (ARDR) and Fuel Network (FUEL). The altcoin traded around $0.028 with the daily volume spiking more than 1,200% to suggest massive market activity.

SNT development activity on the rise

Status has been making waves in the blockchain space, as evidenced by a 35% growth in development activity, a metric verified by Chain Broker.

According to the analyst, Status ranked among the top 10 projects for development activity growth in the past month. Its overall activity measure of +35% put SNT alongside heavyweights like Cosmos, and Solana.

The project’s consistent focus on its mission—delivering private messaging, crypto freedom, and true decentralization—has kept its development efforts robust. A recent update from the official Status account emphasized this commitment.

Status is a project dedicated to enhancing an open-source messaging platform and mobile interface for Ethereum-based decentralized applications, likely contributing to its recent price momentum.

Status price forecast: What next for SNT?

Traders might want to watch the broader market for overall sentiment, with Bitcoin futures suggesting a weakness as China reportedly sells its seized crypto.

If there’s a sharp retracement, wavering on the part of bulls will impact the rest of the market.

The crypto fear & greed index also points to caution.

Technical indicators provide an outlook for SNT’s price trajectory.

On the daily chart, the Relative Strength Index (RSI) stands at 61 and upslopping, signaling a potential flip into overbought territory.

Similarly, the Moving Average Convergence Divergence (MACD) reflects bullish momentum. The signal line is above the 50-period mark, while the positive histogram adds to this picture.

However, the recent 9.65% price increase could signal a potential reversal if bullish momentum builds.

SNT chart by TradingView

Derivatives data from CoinGlass highlights market dynamics, showing fluctuations in futures volume and open interest for SNT.

OI up 89% to over $7.4 million and rising trading activity in futures suggests growing speculative interest. This could amplify price volatility, with a jump in open interest continuing in the short term.

In this case buyers could push SNT price to $0.05. However, the market continues to seesaw and SNT’s price may have to rely on support near $0.018.

The post Status (SNT) price surges as developer activity rises 35% appeared first on CoinJournal.

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Coinbase warns of renewed crypto winter as altcoin market cap plunges 41%

  • Bitcoin and COIN50 fall below 200-day moving averages.
  • Venture capital remains 60% below 2021 levels despite mild rebound.
  • Market may stabilise between mid and late Q2 2025, says Coinbase.

The risk of a renewed crypto winter is rising, Coinbase Research warned this week, as key technical and macroeconomic indicators suggest the digital asset market may be entering another prolonged downturn.

In a note published yesterday, Coinbase said Bitcoin has slipped below its 200-day moving average—a level widely seen as a bearish signal.

The COIN50 index, which tracks the top non-Bitcoin assets on the platform, has also fallen beneath its long-term support.

Adding to the market stress are surging global tariffs and prolonged fiscal tightening, both of which are weighing on investor sentiment and curbing inflows into crypto.

The situation echoes the 2022 crash, when over $2 trillion in market value was wiped out within 18 months.

Altcoins have been hit the hardest. Excluding Bitcoin, the total crypto market cap has dropped 41% since its December 2024 peak, falling to $950 billion.

That figure is lower than any level recorded between August 2021 and April 2022, a time when market turbulence was already high.

Altcoins fall 41%

According to Coinbase, the sustained drawdown in altcoins highlights the weakening appetite for riskier crypto investments.

Tokens outside the Bitcoin ecosystem have seen sharp sell-offs amid thin liquidity and a lack of new capital.

The COIN50 index now trades well below its 200-day average, signalling broad technical weakness across the sector.

Retail interest has also declined, while institutional flows remain limited. This suggests that the bullish momentum seen in late 2024 has largely dissipated.

Many smaller projects are underperforming, particularly those in niche segments such as decentralised AI, Web3 gaming, and tokenised real-world assets.

Funding stays low

Coinbase’s report also points to stagnation in venture capital. Although investment volumes have picked up modestly since late 2024, they remain 50% to 60% below the highs recorded during the 2021–2022 cycle.

This has left many early-stage startups without the runway to scale, pushing some to pause development or downsize operations.

The absence of fresh capital has slowed innovation across key verticals.

Many in the industry had expected decentralised finance, metaverse applications, and crypto crowdfunding models to lead the next bull cycle. Instead, these areas have stalled.

Macro weighs on sentiment

Coinbase cited external economic pressures as a major reason for the recent slump.

Tighter monetary policy, high interest rates, and the escalation of global tariffs have all eroded investor confidence.

David Duong, head of institutional research, said the investment environment has become “paralysed” as both traditional and crypto markets face liquidity stress.

These macro headwinds have discouraged speculation and limited the flow of capital into digital assets.

Traders have pulled back, focusing instead on safe-haven assets as geopolitical risk and inflation remain elevated.

Recovery may follow

Despite the gloom, Coinbase believes the market may find a bottom between mid and late Q2 of 2025.

A stabilisation in macro conditions—particularly a slowdown in inflation or an easing of interest rates—could help revive capital flows.

Coinbase warns of a potential crypto winter as altcoins drop 41% and Bitcoin breaks key support. Market cap falls to $950b, mirroring 2022’s downturn.

According to Duong, sentiment may reset quickly once market stress subsides, opening the door to a recovery in the second half of the year.

The report stops short of making bullish predictions but says tactical positioning may be useful in the current environment. Analysts suggest keeping a close eye on liquidity trends and macro data as potential signals of a shift in momentum.

The post Coinbase warns of renewed crypto winter as altcoin market cap plunges 41% appeared first on CoinJournal.

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Pi Network price drops 10% to key level despite major network news

  • Pi Network price has dropped nearly 10% in the past 24 hours.
  • Traders are likely to watch the $0.65-$0.75 range for signs of a breakout or further weakness.
  • Pi Network’s focus on real-world adoption positions it for long-term growth.

Pi Network’s native token, PI, has experienced a sharp decline over the past 24 hours, falling to a critical support level despite significant ecosystem developments.

The price drop comes as major cryptocurrencies struggle to hold onto gains.

In the past 24 hours, PI price has dropped nearly 10% and cut weekly upside to about 14%, with the altcoin hovering near $0.66.

Despite the expansion of the Pi Ad Network to all ecosystem dApps, Pi Network’s price is under short-term bearish sentiment.

Tron and Cardano have also struggled, but what does this mean for the PI token?

Key Pi Network developments

In the past few days, Pi Network has posted notable network developments.

It includes a major Chainlink integration that marks a pivotal step for the cryptocurrency, which brings real-time, accurate data for decentralized applications.

For dApps, the collaboration means fresh potential for DeFi applications, prediction markets, and blockchain games, all of which could drive PI demand.

It’s the same outlook for DeFi protocols such as lending or staking platforms.

Meanwhile, the Pi Ad Network’s expansion to all ecosystem dApps introduces a new revenue stream for developers.

Advertisers must purchase PI to fund campaigns, while developers earn PI through user engagement.

Initially piloted with five apps in 2024, the Ad Network’s full rollout is expected to accelerate app development and token utility.

However, these fundamentals aside, PI’s price action reflects market hesitation.

PI price prediction

Since hitting highs near $3 in February, PI has been on a steady decline.

The token has shed significant value, with the current level about 77% of the all-time high.

A look at the four-hour chart reveals a symmetrical triangle pattern, a technical setup often signaling consolidation before a breakout.

Notably, this can go in either direction, and it’s downward for PI.

Pi Network chart by TradingView

The symmetrical triangle breakdown suggests sellers are capitalizing on uncertainty, possibly due to broader market conditions or profit-taking after earlier gains.

It’s what likely has bears in control, a scenario that could push PI price below key levels.

As can be seen above, the token is now testing support near $0.65. Other than the symmetrical triangle pattern, the relative strength index and the moving average convergence divergence give sellers an upper hand. The MACD indicates a recent bearish crossover, shifting short-term sentiment after a rejection around $0.75.

If bulls fail to hold above $0.65, PI could slide toward $0.50.

However, if bullish momentum builds, PI could break above $0.8 and rally toward $1.20 in the near term.

The post Pi Network price drops 10% to key level despite major network news appeared first on CoinJournal.

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Onyxcoin price today: How high can XCN go?

  • XCN’s recent price action is nothing short of remarkable.
  • Over the past seven days, Onyxcoin has skyrocketed by more than 150%.
  • Its market cap has more than doubled, now sitting at around $700 million.

Onyxcoin (XCN) is making headlines once again after an explosive rally, surging over 60% in the past 24 hours.

The altcoin has officially cracked the top 100 cryptocurrencies by market cap, signaling renewed investor interest and strong bullish momentum.

As XCN gains traction, many traders are now wondering: how high can it go?

Massive weekly gains fuel XCN hype

XCN’s recent price action is nothing short of remarkable.

Over the past seven days, Onyxcoin has skyrocketed by more than 150%, with the majority of those gains occurring within the last 48 hours.

Its market cap has more than doubled, now sitting at around $700 million.

XCN price chart by CoinMarketCap

Such rapid growth reflects a major shift in sentiment, especially after former President Donald Trump announced a temporary pause on tariffs for most countries, easing broader economic uncertainty.

Notably, XCN’s trading volume has exploded. Daily volume has tripled in just three days, marking a 200% increase.

Over the past week, trading activity has surged by an impressive 1,200%, pushing Onyxcoin ahead of bigger names like Avalanche (AVAX) in terms of trading interest.

This dramatic rise in volume is often seen as a key indicator of strong market support.

XCN price prediction: what’s next?

Given its current momentum, analysts believe XCN could test higher resistance levels if bullish conditions continue.

Given its current momentum, analysts believe XCN could attempt to retest higher resistance zones.

If buying pressure holds, XCN could aim for a short-term target between $0.025 and $0.030, depending on broader market trends.

However, if profit-taking kicks in, a healthy correction could bring the price back toward key support around $0.018 to $0.020.

On a longer timeframe, if Onyxcoin maintains its active trading volume and positive market sentiment, there’s potential for the token to revisit previous highs set before broader crypto market turbulence.

However, traders should keep a close eye on Bitcoin (BTC) and Ethereum (ETH) price trends, as XCN’s performance could remain sensitive to movements in major assets.

Invest with caution

While the recent rally is exciting, it’s essential to remember that cryptocurrency investments carry significant risk.

Prices can be extremely volatile, and while XCN shows strong upside potential, sudden reversals are always possible.

Always do your research (DYOR) and consider consulting a financial advisor before making any investment decisions.

Onyxcoin’s breakout highlights how fast market dynamics can shift in the altcoin world.

With surging volume, a rebounding market environment, and growing investor attention, XCN looks poised for more action.

However, staying informed and cautious is key to navigating the unpredictable crypto landscape.

The post Onyxcoin price today: How high can XCN go? appeared first on CoinJournal.

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Grayscale expands altcoin list to 40 in April 2025 update, adds Dogecoin and PYTH trusts

  • Kaspa, THORChain, Starknet, and Worldcoin were removed.
  • 9 new unclassified projects include Babylon and Berachain.
  • The asset list may change intra-quarter with fund rebalances.

Grayscale Investments has expanded its “Assets Under Consideration” list to 40 cryptocurrencies as of April 10, 2025.

This marks a shift from its January list, which featured 39 tokens, and continues the asset manager’s quarterly strategy of reviewing potential future products.

Alongside the expansion, Grayscale has formally launched single-asset trusts for Dogecoin (DOGE) and Pyth Network (PYTH), spotlighting the assets now making the leap from consideration to active investment vehicles.

The revised list also includes new entrants like VeChain and Plume while removing tokens such as Kaspa, Starknet, and THORChain across various sectors.

Dogecoin and PYTH enter trust products

Dogecoin and PYTH were both upgraded from Grayscale’s consideration list to formal trust products in early 2025.

The Grayscale Dogecoin Trust launched on January 31, followed by the Pyth Trust on February 18.

Dogecoin continues to be one of the most actively traded meme coins, while PYTH’s growth reflects increasing demand for on-chain oracle services.

Their addition follows Grayscale’s broader aim to diversify its offerings beyond Bitcoin and Ethereum-focused products.

Removals across key sectors

This quarter’s update saw multiple removals that indicate a narrowing of focus across Grayscale’s asset categories.

Kaspa was removed from the currencies section, which now includes no assets. Sei, Sonic, and Starknet were cut from smart contract platforms.

THORChain and Injective Protocol were dropped from financials, while Ai16z and Virtuals Protocol were removed from consumer and culture.

Grayscale also eliminated Flock.io, Hyperbolic, and Worldcoin from its utilities and services.

These changes reflect a redefined view of which assets Grayscale considers relevant to long-term product development.

New additions include VeChain and Plume

Several tokens have been added across sectors in this update.

VeChain has been included in the smart contract platforms category, potentially due to its continued push into enterprise use cases.

In financials, Plume Network and SYRUP have been added, while Aixbt by Virtuals has joined consumer and culture.

Geodnet (GEOD) now appears under utilities and services, and IP has been reclassified from utilities to consumer and culture.

In addition to reclassifications, nine new projects have been added that remain uncategorised under the Grayscale crypto sectors framework.

These include Babylon, Berachain, Monad, Movement, Lombard, Mantra, Eliza, DeepBook, and Walrus.

Projects like Prime Intellect, Sentient, and Space and Time, which appeared in the January list, remain present.

Strategy shift in evaluation

Compared with the 35 assets listed in October 2024, the increase to 40 in April 2025 reflects Grayscale’s ongoing effort to monitor the evolving crypto market.

The firm has reiterated that this list may be updated as frequently as 15 days after quarter-end and is subject to intra-quarter changes, especially when multi-asset products are rebalanced or new single-asset trusts are launched.

The current update, published on April 10, 2025, is part of Grayscale’s broader approach to regularly assess token viability, market demand, and regulatory alignment.

The additions of VeChain and SYRUP, alongside the removals of Starknet and Worldcoin, signal a shift in focus toward tokens with clearer institutional relevance or growing retail traction.

While inclusion in the list does not guarantee the launch of a trust, market watchers will likely monitor these assets closely for future product announcements.

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