Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Mantle price outlook as MNT gains momentum with 20% spike

  • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
  • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
  • Ecosystem growth buoys overall bullish momentum.

Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

Mantle pumps 20% as altcoins bounce

As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

Is Mantle price poised for a breakout to a new all-time high?

Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

Mantle price chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

The post Mantle price outlook as MNT gains momentum with 20% spike appeared first on CoinJournal.

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MYX Finance (MYX) price just shot up 289%: Here’s why

  • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
  • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
  • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

MYX Finance price

This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

The MYX Finance V2 upgrade buzz

A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

These features are expected to bring a more seamless and efficient trading model to on-chain users.

The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

Early MYX TGE hype laid the groundwork

Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

Binance spotlight ignites FOMO

In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

MYX Finance price outlook

Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

The post MYX Finance (MYX) price just shot up 289%: Here’s why appeared first on CoinJournal.

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FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

  • The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
  • Dune data shows Fluid handled more volume compared to all DEXs combined.
  • FLUID tokens surged over 15% in the past day amidst investor interest.

Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.

Ethereum steadies above $3,600 as XRP regains the $3 mark.

Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.

Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).

It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.

For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.

The protocol’s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.

Fluid climbs DeFi ranks

Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.

Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.

Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.

Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.

Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.

What’s fueling the growth

Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills, bringing the much-needed regulatory clarity to the digital assets industry.

Furthermore, the remarkable share indicates a platform serving its purpose.

The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.

Fluid’s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.

The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.

Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.

Will it maintain the momentum and overthrow Uniswap and Curve for good?

Transforming stablecoin liquidity?

Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.

While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.

Fluid’s rise could welcome a new era, where users prioritize performance over legacy.

Moreover, it reminds us of the benefits of stablecoin infrastructure.

While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.

FLUID price outlook

The native token reflected the reinvigorated optimism with notable price gains.

FLUID rallied 16% from yesterday’s $4.7199 to press time $5.48.

The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.

However, broad market bias remains crucial in determining the asset’s short-term performance.

A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt’s rebound in the upcoming sessions.

The post FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s appeared first on CoinJournal.

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Toncoin price outlook as Verb Technology announces $558m TON treasury strategy

  • Toncoin price was down 6% and near $3.37 after recent gains.
  • Nasdaq-listed firm Verb Technology has announced a $558 million TON treasury strategy.
  • TON price could benefit from the company’s buying as interest grows.

Verb Technology Company, Inc. (Nasdaq: VERB), an interactive video-based sales applications firm, has announced plans for a major TON treasury strategy.

The firm has eyes on a $558 million initial haul for the first publicly listed TON treasury company.

News that Verb is looking to add TON to its treasury comes as the Toncoin (TON) price navigates notable selling pressure.

Big news for TON from Verb Technology?

Verb Technology has embraced TON, the native token of The Open Network blockchain network.

In an announcement on Monday, Aug. 4, Verb revealed a $558 million private placement aimed at the purchase of TON as the company positions itself as a leading TON player.

Verb’s capital raise attracted more than 110 institutional and crypto-native investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Kraken, Pantera, MEXC Ventures, Arrington Capital, Animoca, and BitGo also subscribed.

Verb is partnering with Kingsway Capital to help the ambitious venture.

The partnership will see Verb Technology rebranded as TON Strategy, with its move expected to make it the first publicly traded treasury reserve of TON.

By integrating TON, Verb seeks to capitalise on the blockchain’s growing adoption. According to the press release, Verb will begin its TON purchase and holding as a treasury asset on August 7, 2025.

“Telegram is the preferred messenger for the growing global crypto community and TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,” said Manuel Stotz, founder and CEO of Kingsway Capital.

Toncoin price outlook as altcoin attracts Wall Street

At the time of writing, Toncoin (TON) traded 6% lower as the broader market attempted to recover from last week’s volatility.

While TON was down, news that Verb Technology was eyeing a $558 million treasury strategy with the altcoin could quickly buoy sentiment.

This is because Verb’s $558 million commitment signals increasing Wall Street confidence in TON’s long-term value, aligning with overall institutional interest in cryptocurrencies.

TON traded to highs of $3.73 on Aug. 3, but with profit taking it down to around $3.37.

It’s a performance that sees Toncoin price hover just in the green on the weekly time frame.

However, the altcoin remains 23% up in the past month and holds an uptrend line formed since July 8.

Verb’s stock jumped amid the news, and it’s likely TON will follow as the new company begins to execute its strategy.

The post Toncoin price outlook as Verb Technology announces $558m TON treasury strategy appeared first on CoinJournal.

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Solana price forecast as SOL bulls look to buy the dip

  • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
  • The technical outlook on the daily chart shows price is taking on a bearish flip.
  • Bulls bouncing amid crypto recovery could target $200.

Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

Here’s a look at the technical picture for SOL.

Solana drops to key support level

As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

A bearish sentiment amid this flip has SOL currently hovering at a key support level.

Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

Solana price prediction

The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

Spot ETFs and regulatory tailwinds could be the main catalyst.

However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

SOL price chart by TradingView

The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

The post Solana price forecast as SOL bulls look to buy the dip appeared first on CoinJournal.