Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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AVL price surges after Avalon Labs executes 80M token burn

  • Avalon (AVL) price surged more than 20% in 24 hours to hit highs of $0.23.
  • This follows June 9, 2025 announcement of an 80 million AVL token burn.
  • AVL price could break above $0.30 and target recent highs.

Avalon Labs’ native token, AVL, has surged 20% in the last 24 hours, fueled by trader reaction to news of an 80 million token burn.

The venture capital-backed Bitcoin on-chain capital markets platform revealed the news of its 80 million AVL burn on June 9.

In reaction, the token’s price shot up 20% to hit an intraday high of $0.23.

This happened as the broader market bounced higher amid Bitcoin’s surge from lows of $101k last week.

With AVL price near a key level, is the optimism going to drive bulls much higher?

Avalon Labs announces burn of 44% of circulating supply

Off the back of a recent high-profile investment from YZi Labs, Avalon Labs has taken another major step towards bolstering its native token.

The project, focused on Bitcoin-backed decentralized finance, announced on June 9, 2025 it had burned 80 million AVL tokens.

Per the team at Avalon Labs, the incinerated tokens are primarily from the unclaimed chunk of supply from its March 2024 airdrop.

Over $20 million worth of AVL hit community wallets at the time, and now 80 million have permanently been removed.

The burned tokens represent approximately 44% of Avalon’s circulating supply.

Avalon Labs’ token burn injected notable upside action in the AVL market, with bulls retesting levels seen in early May.

These gains follow another spike after YZi Labs announced a strategic investment in the project.

Furthermore, buying pressure mounted earlier in the year after Binance Alpha listed AVL.

Is AVL price going to $1?

AVL’s price action is flashing bullish signals, with the token trading around $0.20.

Recently, the Avalon Labs price broke above an ascending triangle pattern, extending gains after a sharp decline.

Buyers are looking to strengthen further with a breakout likely to push price to $0.23.

In mid-May, Avalon price rejected bulls’ advances around $0.31, and in late May, buyers ran out of steam after a channel breakout to dip from around $0.27.

These levels present key horizontal resistance zones, above which bulls can target $0.44. However, there’s a major supply wall near $0.75.

Avalon price chart by TradingView

In the case sell-off pressure intensifies amid profit-taking and altcoin weakness, a revisit of $0.18 and $0.13 is possible.

From a technical perspective, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing early signs of bullish divergence.

This suggests growing momentum. However, traders should monitor for sustained volume and price stability above the breakout level to confirm the move.

The post AVL price surges after Avalon Labs executes 80M token burn appeared first on CoinJournal.

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Ravencoin price soars 150% amid Upbit listing

  • Ravencoin price rode an Upbit listing announcement to skyrocket with over 150% gains.
  • But the rally was short-lived as aggressive profit-taking wiped out much of the gains.
  • The token is likely to rally amid improving sentiment.

Ravencoin (RVN) rocketed by more than 150% in 24 hours, with massive gains coming amid the token’s listing on Upbit, South Korea’s largest cryptocurrency exchange.

The announcement, made by Upbit via its official X account, noted that the exchange will add trading support for RVN against the Korean Won (KRW).

RVN coin’s surge saw it hit highs of $0.027, its highest level since mid-December 2024.

Ravencoin price – Upbit triggers 150% RVN rally

Upbit revealed the RVN/KRW market support in a post on X, stating that trading support for the altcoin would commence at 17:00 local time.

The exchange, known for its massive trading volume and customer base in South Korea, often sees explosive demand for newly listed tokens.

No doubt this is what drove Ravencoin (RVN)’s price higher.

An imminent listing for an altcoin seen as one of the best minable tokens today meant bulls were in control within hours of the announcement.

Data from CoinMarketCap shows the token’s price more than doubled in value as it rose from lows of $0.010 to $0.027.

While a bit of profit taking had it pare these gains, the price remained more than 64% up in 24 hours, with intraday volume skyrocketing 4,255% to over $399 million.

RVN price outlook

In addition to the Upbit listing, Ravencoin is resurging amid a fresh spike in bullish sentiment related to mineable proof-of-work coins.

Recently, the Ravencoin team posted on X that RVN is currently seeing fresh interest from miners.

With its KAWPOW algorithm designed to resist ASIC dominance and encourage decentralized participation, many unable to mine BTC and other top coins are flocking to Ravencoin mining.

This mining momentum, paired with the Upbit listing, could catalyse bullish momentum for RVN’s price. A retest of $0.027 is possible.

Ravencoin price chart by TradingView

The technical outlook nonetheless has the Relative Strength Index (RSI) in overbought territory, which suggests a potential short-term pullback.

On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating a likely upward continuation.

In this case, Ravencoin’s price could revisit the $0.014-$0.013 area for support. Demand reload at this level and a successful retest of $0.02 could aid an upward flip. RVN price hit highs of $0.034 in early December 2024.

On the downside, profit taking could see RVN price retest $0.010 and potentially April 2025 lows of $0.009.

 

The post Ravencoin price soars 150% amid Upbit listing appeared first on CoinJournal.

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Magic Eden price nears all-time low as 15% dip extends downtrend

  • Magic Eden is down 15% as the price extends the downtrend.
  • The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement.
  • Magic Eden price could dip to support around $0.78, its all-time low reached in April.

Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025.

ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing.

Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April.

Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels.

Why is the Magic Eden price down today?

As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement.

The catalyst for this vertical move, as seen in the chart below, was the announcement of a Trump-branded crypto wallet.

The Magic Eden social media post on X shared the “big news”, alluding to a partnership between Magic Eden and GetTrumpMemes.com.

The news hinted at “the First and Only Crypto Wallet for True Trump Fans.”

Reaction across the crypto space was whether this was legit, with many pointing to what it meant for the TRUMP and ME tokens.

But shortly after the Magic Eden team shared the news, Donald Trump Jr. posted a public disclaimer that the Trump Organization was not part of the said TRUMP wallet.

The same message came from Eric Trump, President Donald Trump’s other son. Eric cautioned Magic Eden in a post on X:

“I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.”

ME token technical outlook

Market reaction to the chain of events flipped from positive for ME to negative, with the token dipping below $1.

The retracement has continued in the past 24 hours, bringing the Magic Eden token’s value to below $0.9 on June 5.

Magic Eden price chart by TradingView

While the Magic Eden price could flip higher from current levels, the technical picture supports a bearish move.

The RSI on the 4-hour chart is below 50 and indicates a downward move, while the MACD signals bearish strength amid a rising negative histogram.

Further downside action, mirroring broader market weakness, sees the ME token poised near $0.87. If price breaks lower, it could fall to the $0.78 support area.

The post Magic Eden price nears all-time low as 15% dip extends downtrend appeared first on CoinJournal.

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Pi Coin dips as new Pi Network migration triggers investor unease

  • Pi Network users are reporting second migration prompts amid unresolved KYC issues.
  • 276M PI tokens are set to unlock in June, raising sell-off concerns.
  • Currently, Pi Coin trades below $0.66 with bearish technical indicators.

The Pi Network is facing renewed tension as community frustration grows over a fresh wave of migration prompts and persistent Know Your Customer (KYC) issues.

These developments have surfaced just weeks before a massive PI token unlock, placing additional pressure on the project’s native token, Pi Coin.

While the network attempts to revive user engagement through new initiatives like gaming and decentralised apps, the market has responded with declining confidence, reflected in the token’s recent price performance.

Pi Network users are getting fresh migration prompts

Many Pi Network users have been frustrated by unexpected second migration prompts showing up in their apps.

For some, this has come as a shock, especially those who believed they had already completed the initial migration phase.

On the social media platform X, users, including Pi Network miners who have mined for some time now, have voiced strong criticism, accusing the Pi Core Team of poor communication and inconsistent requirements.

Frustration is particularly high among those stuck in unresolved KYC verification states.

These users claim they are being asked to migrate their balances again, despite never completing the first migration due to verification delays.

Notably, the situation has caused confusion across the community, as the Pi Core Team has not yet officially confirmed a second migration phase through any verified channels.

276 million PI tokens unlock scheduled for June

Adding to the mounting concerns, a scheduled unlock of 276 million PI tokens in June looms large according to data from PiScan.

Valued at approximately $176 million, this influx of supply could potentially flood the market.

With trading volumes currently subdued and investor sentiment fragile, analysts warn that this event might lead to significant downward pressure on the Pi Coin price.

The Pi Core Team’s silence regarding major bullish developments ahead of this unlock is further worsening sentiment.

Historically, token unlocks tend to trigger selloffs, especially in markets lacking strong fundamental catalysts.

With Pi Coin already struggling to maintain critical support levels, the risk of a steep decline is real.

Pi Coin technical analysis

Technically, Pi Coin remains entrenched in a bearish trend. It is currently trading around $0.6481, having fallen roughly 22% over the past week.

On the 4-hour chart, the token is displaying an inverse cup and handle pattern, a classic bearish setup.

Moreover, Pi is currently trading below its 50-day moving average, reinforcing the negative outlook.

On the 12-hour chart, a descending wedge pattern has formed.

Although such patterns can signal a reversal, in this case, the wedge lacks confirmation due to insufficient lower-bound tests.

Indicators like the Money Flow Index (MFI) and On-Balance Volume (OBV) continue to reflect declining momentum and persistent selling pressure.

Pi Network price prediction

Currently, Pi’s fundamentals remain weak, with major concerns surrounding its lack of major exchange listings, unresolved decentralisation issues, and low validator participation.

The Pi Foundation reportedly controls over 92 billion tokens across more than 2,000 wallets, further raising questions about centralisation.

In the absence of bullish news and with continued migration confusion, Pi Coin’s short-term outlook remains bleak.

In the short term, charts show that Pi Coin struggles to break past the $0.66 resistance level.

According to the tweet from crypto analyst Joe Swanson, if the current support at $0.5547 fails to hold, analysts believe the token could drop toward the psychologically significant $0.40 range.

To reverse the trend, the network must address user concerns, resolve KYC issues, and deliver tangible utility through real-world applications and wider exchange listings.

Without a surge in demand, reclaiming previous highs appears unlikely in the near term.

On a longer horizon, analysis presents two contrasting scenarios.

If Pi Network gains widespread adoption for payments, DeFi applications, and e-commerce, the token could soar to $1.25 by the end of 2025, as we had previously predicted.

However, if the project fails to move beyond speculation and hype, its price might remain capped below $1.

The post Pi Coin dips as new Pi Network migration triggers investor unease appeared first on CoinJournal.

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Best crypto to buy as altcoin rotation favors low-caps BPEP new listing date June 17

  • BRETT eyes significant recoveries from a key demand region.
  • Bitcoin Pepe listing confirmed as presale surpasses $13.6M.
  • Bullish on-chain indicators suggest potential breakouts for Tron.

The cryptocurrency market signals notable shifts as Bitcoin hovers around $105K, with investors and traders turning their attention from large-cap tokens to mid- and low-tier assets.

With the prevailing altcoin rotation, BRET, Bitcoin Pepe (BPEP), and Tron (TRX) appear attractive for different reasons.

This article evaluates why you should watch the trio as the market hints at robust rallies after ongoing consolidations.

BRETT rebounds from crucial support

Base-based meme token BRETT displays recovery signs after testing a key demand area.

Notably, the alt recorded substantial uptrends in April as Bitcoin propelled the market with its latest rally, which saw it topping $111,000 in May.

BRETT gained over 165% within three weeks to hit the $0.091 high in early May.

However, bulls lost strength, and the token dipped to $0.04657 on May 31.

BRETT has recovered past the crucial support of $0.051, trading at $0.05396.

The $0.051 offered a lucrative buying opportunity previously, and it might offer a Launchpad for significant recoveries.

BRETT bulls will likely target the local high at $0.09 – a 70% increase from current prices.

Bitcoin Pepe: listing announced, 30% bonus for supporters

Bitcoin Pepe, the viral meme coin gaining significant attention in the crypto space, has confirmed its upcoming listing on centralized exchanges (CEX) set for June 17, 2025.

This project, positioned as a meme coin with a unique approach—aiming to unlock Bitcoin’s $2 trillion in dormant capital—continues to attract strong investor interest.

Bitcoin Pepe stands out as the only meme ICO on the Bitcoin network, having raised over $13.6 million in one of this year’s most closely watched presales, according to its official website.

The BPEP project has achieved widespread popularity across platforms such as X and Telegram. Industry analysts anticipate that Bitcoin Pepe will sustain its momentum post-launch, potentially securing listings on leading centralized exchanges.

With millions raised, the project is expected to accelerate exchange listings, expand influencer partnerships, and launch large-scale marketing campaigns. The development team announced today that, following close coordination with partners, BPEP will debut on crypto exchanges on June 17, ensuring a seamless rollout.

Although the listing date was slightly postponed, the delay comes with added benefits for the community. The project has introduced a 30% bonus for early purchasers of Bitcoin Pepe, providing additional incentives for supporters.

Bitcoin Pepe

Thus, investors can use the extra time to load up more assets before BPEP hits top trading platforms.

BPEP’s distinctiveness makes it attractive for meme funs looking for long-term gains.

The project leverages the meme culture and Bitcoin brand, making it appeal to retail and OG crypto enthusiasts looking for the next viral meme token.

Bitcoin Pepe could be a perfect option for investors who missed 2021 rallies from themed tokens like Shiba Inu and Dogecoin.

BPEP’s current price of $0.0396 offers a lucrative discount for interested investors and traders.

Tron builds momentum with bullish indicators

Tron (TRX) has trended over the past months due to key collaborations and vital events, such as its founder joining Donald Trump’s exclusive dinner with meme enthusiasts.

The project is in the debates again due to its promising on-chain fundamentals.

TRX trades at $0.2706 while displaying maximum market indecision.

Notably, its Spent Output Profit Ratio (SOPR) is at a level that historically heralded massive trend shifts.

The indicator reads 1.0, and a clean breakout could catalyze sustained rallies for Tron.

Altcoin enthusiast TANG expects TRX to soar past $0.40 soon.

That would mean a nearly 50% increase from the altcoin’s current price.

However, a SOPR dip below 1.0 will invalidate the potential short-term recovery.

Meanwhile, you can learn more about the early-stage Bitcoin Pepe here.

The post Best crypto to buy as altcoin rotation favors low-caps BPEP new listing date June 17 appeared first on CoinJournal.