Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Ethereum retests $2,500 as companies bet big on ETH

  • Ethereum price has shown resilience in the past 24 hours, trading to highs of $2,559.
  • Major announcements by SharpLink Gaming and BTCS Inc. have bolstered sentiment.
  • ETH price could eye $3,000 andan  all-time high in the coming months.

Ethereum (ETH) price fell to below $2,480 on Monday, clipping recent gains amid a broader dip for cryptocurrencies and stocks.

However, despite overall market weakness, Ethereum is trending green in the past 24 hours and poised at the key level of $2,500. Analysts predict recent bullish sentiment amid major adoption news could spark a fresh surge for the altcoin that has come close to breaking above $2,800 on multiple occasions.

Ethereum price poised near key level

As noted above, the price of ETH is trading above the key level of $2,500 – bulls had touched highs of $2,559 at the time of writing.

This is after slight gains in the 24 hours, with this coming after a minor dip for crypto that mirrored the slip for stocks amid tariff concerns.

Yet, despite Bitcoin (BTC) also retreating to below $104,000 and triggering over $156 million in liquidations, Ethereum is back above $2.5k.

What it means is that Ethereum’s price is consolidating in a tight range near $2,500. It’s a key technical level that has recently acted as a major support zone. While it currently offers significant resistance, a breakout above it could be huge for ETH bulls.

SharpLink Gaming, BTCS Inc. bet on Ethereum

One of the big bullish catalysts building up for the Ethereum price is corporate adoption of ETH as a treasury asset. This factor has boosted BTC and now stands as one of the keys to unlock bullish action for the top altcoin.

SharpLink Gaming has made headlines over ETH with its plans for a $1 billion raise to acquire ETH.

Its announcement has recently seen the token’s price go up, and future buys might have a notable impact on both sentiment and price movement. On Monday, June 2, 2025, the company announced a $425 million private placement.

Also taking an Ethereum treasury approach is BTCS Inc., a Nasdaq-listed blockchain firm that just bought 1,000 ETH via the Crypto.com Exchange. The US-based company, focused on revenue generation via Ether infrastructure, now holds 13,500 ETH – up from just over 9,000 at the end of Q1, 2025, and 12,500 ETH in mid-May.

This doubling down on Ethereum has also attracted companies such as French real estate firm Entreparticuliers and Saudi-backed VivoPower. It’s a move that speaks to growing attention towards Ethereum.

Price may therefore see a spike in the coming weeks and months. However, traders might want to consider the macro environment, particularly tariffs and the geopolitical front. On the former, analysts at QCP noted:

“Tariff tensions will likely drive the macro narrative through June, with major policy decisions expected only after July 8. Until then, the market may stay on pause.

Ethereum’s price hovered around $2,541.

The post Ethereum retests $2,500 as companies bet big on ETH appeared first on CoinJournal.

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Livepeer (LPT) price surges 150% as it defies market downturn

  • Livepeer price rose 150% to hit $14.15 on Friday, May 30, 2025.
  • LPT defied downtrend for top coins such as Bitcoin that dipped to $105k.
  • Other tokens such as Pocket Network, White Rock, and Numeraire also soared.

Livepeer is among the few altcoins to rip on Friday as the market witnessed another bout of sell-off trades that pushed Bitcoin to $105k.

The LPT token, native to the decentralized AI protocol Livepeer, spiked an impressive 150% to rank alongside the likes of Pocket Network, White Rock, and Numeraire as leading performers in the past 24 hours.

Why did Livepeer’s price skyrocket today?

Livepeer’s token had not crossed above $10 since dipping from above $15 in mid-May.

However, buoyed by a series of positive news, including the surge in Nvidia stock after positive earnings reports, it surged more than 150% to hit $14.15.

The level marked Livepeer’s highest price since January.

Part of the rally ensued and gathered pace as the LPT community exploded in optimism on an announcement from Upbit, South Korea’s largest crypto exchange.

Listings on the Upbit exchange often catapult trading volumes upon listing of trading pairs. Livepeer experienced just that.

Upbit added KRW and USDT pairs.

According to data from CoinMarketCap, the daily volume for Livepeer rose a staggering 10,900% to hit $2.9 billion.

On May 27, 2025, crypto asset manager Grayscale introduced the Artificial Intelligence Crypto Sector, noting tokens in the segment had seen massive growth since the third quarter of 2023.

20 tokens in the sector have seen their combined market cap jump to $20 billion, up from a low of $4.5 billion in Q1, 2023.

Livepeer is one of the tokens to see such growth in the past year.

Bulls gain, but what’s next for LPT price?

The surge saw LPT rank among the biggest movers on the day. As noted, these numbers largely defied the trend across the crypto market, with trader James Wynn experiencing a liquidation of around $100 million, as BTC dropped more than 2% to lows of $105k.

LPT price chart on CoinMarketCap

If bulls break above $15, bullish continuation could see the price target of $20.

The next major resistance level could be the June 2024 supply wall around $25.

However, traders might want to be cautious as potential profit taking and broader market weakness could shift sentiment first.

Crypto analysts at CryptoQuant have noted as much, saying continued liquidations in the altcoin market are likely to continue outpacing Bitcoin.

“Altcoin liquidations have consistently surpassed Bitcoin’s, suggesting that excessive leverage in altcoins has been aggressively punished as prices continued to trend lower,” CryptoQuant posted on X.

If LPT price flips lower, key support levels will be $9.5 and then $5.3.

The post Livepeer (LPT) price surges 150% as it defies market downturn appeared first on CoinJournal.

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ACH price risks fresh sell-off amid cypto downturn

  • The Alchemy Pay (ACH) price fell more than 8% in 24 hours as Bitcoin pulled back to $105k.
  • ACH price is, however, struggling despite Alchemy Pay’s partnership with World Liberty Financial.
  • Investors could see extended pain as the technical outlook favours another leg down.

Alchemy Pay (ACH) price was down 8% in the past 24 hours despite Alchemy Pay striking a key partnership with Trump-backed World Liberty Financial.

The altcoin’s drop alludes to sharp profit taking following recent gains that came amid the crypto payments network’s expansion in Australia.

While a crypto downturn for major coins amid risk assets market uncertainty continues to dictate sentiment, could the integration with World Liberty Financial boost the price of ACH?

Alchemy Pay integrates World Liberty Financial’s USD1 stablecoin

On May 26, Alchemy Pay announced a major milestone with expansion in Australia. The crypto payment solutions provider revealed the integration of PayID, a local interbank payment service.

News of the partnership briefly boosted ACH price, but its been downhill since early May when bears pushed bulls from above $0.030.

But Alchemy Pay has announced a series of key integrations as it continues to expand its on/off-ramp solution.

Other than adding support for crypto exchange XT.COM, Alchemy Pay also integrated a Celo blockchain-based, non-custodial stablecoin wallet, MiniPay. The move allows MiniPay users to access stablecoins such as USDT, USDC, and cUSD with their local fiat currencies.

Latest on this list is the integration with World Liberty Financial, a DeFi project backed by US President Donald Trump’s family.

For this partnership, Alchemy has added support for USD1, the US-dollar pegged stablecoin WLFI launched earlier in the year.

Alchemy now supports on-ramp access to the stablecoin, adding another growth angle to the ACH-powered payments platform.

“Users worldwide can now purchase USD1 with the payment option of their choice, including Visa, Mastercard, Apple Pay, Google Pay, mobile wallets, and regional bank transfers.”

The platform said in a blog post.

Will USD1 integration bolster the ACH price?

Per CoinGecko, the ACH price hovered around $0.022, which is significantly down from the highs of $0.030 on May 11, 2025. In this period, the Alchemy Pay token has dropped 8% in 24 hours and 17% in the past week.

Daily trading volume has increased more than 40%, hovering at $30 million at the time of writing.

ACH price chart by TradingView

A look at the charts shows that the ACH price is at risk of further declines.

The sell-off in the past month has seen bears strengthen, with the price breaking down from a falling wedge pattern.

Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators on the 4-hour chart also give sellers an upper hand, suggesting ACH may yet drop amid downside continuation.

However, with RSI near oversold territory signaling a flip, relief may see bulls eye gains to $0.03.

The post ACH price risks fresh sell-off amid cypto downturn appeared first on CoinJournal.

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Toncoin price spikes 13% amid major Telegram-related news

  • Toncoin price rose 13% in the past 24 hours to lead top gainers on Wednesday.
  • Gains followed major news announcements by TON Foundation and another related to Telegram.
  • TON price traded at $3.48 at the time of writing, while volume was at $745 million.

Toncoin (TON) price caught the crypto market’s attention on Wednesday as it rose sharply amid broader market struggles for Bitcoin and top altcoins.

With 13% in price gains in the past 24 hours, Toncoin ranked among the top gainers on the day, outpacing the likes of Quant, Uniswap, and Injective among the top 100 by market cap.

TON, native to The Open Network blockchain, rallied as traders raced to buy amid a series of major Telegram news.

Toncoin price soars, volume up 400%

As the price of Toncoin soared by more than 13%, trading volume rose through the roof.

As per data from CoinMarketCap, Toncoin recorded a 410% spike in volume, hitting $745 million.

TON’s price reached highs of $3.69 before slightly retreating to $3.48 at the time of writing.

Gains see TON token up by more than 10% in the past week.

Before the latest gains, Toncoin price largely traded flat over the week, with no momentum after bulls gave up ground.

Is this uptick thus going to push the altcoin to above $5? The price last hovered above these levels in early 2025.

Telegram news buoys TON price

As noted above, the main catalyst for Toncoin’s notable price surge is a series of positive news.

The vibe mostly relates to two major announcements linked to Telegram and the TON Foundation.

First, the TON Foundation revealed the appointment of Nikola Plecas as its new Vice President of Payments.

Plecas, a former Visa executive with deep expertise in crypto product innovation, is tasked with scaling TON’s payment infrastructure to cater to Telegram’s massive user base of over 1 billion.

His focus will be on enhancing interoperability, security, and scalability—key pillars for mainstream adoption of Web3 payments.

Plecas’s experience at Visa, where he shaped the company’s global crypto strategy, positions him as a pivotal figure in TON’s ambition to revolutionize payments within the Telegram ecosystem.

Why else is Toncoin’s price up today?

Also fueling optimism around TON is news that Telegram plans to raise $1.5 billion through a bond sale.

Notably, market reaction largely jumped as traders noted that Telegram’s initiative is backed by Wall Street heavyweights like Citadel and BlackRock.

That’s not all. TON is also expanding its ecosystem, integrating Ethena’s USDe and tsUSDe stablecoins for in-app savings.

Collaboration with Tether via LayerZero for a multi-chain network has also been a key development.

The post Toncoin price spikes 13% amid major Telegram-related news appeared first on CoinJournal.

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ENS price surges: could Ethereum Name Service hit $100k milestone?

  • Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz.
  • Analysts see ENS as one of top Ethereum beta plays.
  • If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike.

Ethereum Name Service (ENS) price has jumped more than 35% this past month and was up 8% in 24 hours on Thursday as some altcoins stole the shine off Bitcoin.

By reaching the current price levels, ENS is seeing its market cap hover near $903 million, while the 24-hour trading volume is up 157% to over $192 million.

Per Coinglass, Ethereum Name Service derivatives data analysis shows volume has spiked more than 120% to over $306 million. Meanwhile, Open Interest in the token is up 30%, with open positions worth of $114 million signalling market interest.

What is Ethereum Name Service?

The Ethereum Name Service (ENS) is an open-source, decentralized naming protocol built on the Ethereum blockchain.

It transforms user-friendly Ethereum addresses, such as jane.eth, into the complex, machine-readable codes recognized by wallets like Metamask. Additionally, ENS supports reverse mapping, allowing metadata and machine-readable addresses to be linked with these human-friendly Ethereum names.

ENS aims to simplify interaction with the Ethereum ecosystem, making it more intuitive and accessible for users, much like the Internet’s Domain Name System (DNS) enhances web usability.

Similar to DNS, ENS employs a hierarchical structure of dot-separated domains, where domain owners have full authority over their respective subdomains.

Analysts are pointing to ENS as one of the top Ethereum (ETH)-beta plays today. With ETH expected to rally in coming months, tokens like EigenLayer (EIGEN), Arbitrum (ARB), Lido DAO (LDO) and Ethereum Name Service (ENS) could be poised for gains too.

Can ENS price reclaim $100$

With interest in ENS rising amid adoption that includes further traction in the Ethereum and Solana name domain ecosystems, price has looked to return to last year’s lofty highs.

ENS hitting those highs of $48 reached in December 2024 is likely after buyers pushed the altcoin token to two-week highs of $25, a potential technical breakout signals the price could target resistance around $30.

Traction of Ethereum Name Service as a decentralized DNS platform, plus its growing NFT momentum offer additional tailwinds.

On the technical charts, ENS is currently testing resistance near its 200-day moving average and breakout would signal further gains.

RSI and an ascending triangle pattern on the daily chart suggest if buyers reclaim $30, the next uptick could drive prices to 2024 highs. The $100 mark represents a psychological level that ENS bulls will target if risk on sentiment prevails in coming months.

However, if the market flips negative, a downtrend can bring the $20 mark into view. Robust support lies in the $12-$16 range.

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