Kategorie: Altcoin News

• pSTAKE Finance price spiked 117% in 24 hours as Bitcoin hit $107k.
• The Bitcoin finance liquid staking token looks poised for a potential pullback.
• If bulls hold onto gains, a breakout above $0.08 could bring major levels into play.

pSTAKE Finance price soared by more than 117% as Bitcoin surged to above $107,000 and on the cusp of a new all-time high.

The liquid staking protocol’s native token skyrocketed by 117% to hit highs of $0.072. It’s a peak last seen in December 2024.

As the altcoin captured the attention of traders, profit-taking deals ate into the upside action.

PSTAKE traded around $0.060, up more than 64% in the past 24 hours.

Why is pSTAKE Finance price up?

pSTAKE Finance’s 117% surge coincided with Bitcoin’s climb to $107k, a rebound that came after bears pulled prices to near $102k amid a volatile start to the week.

This uptick for BTC meant several coins linked to the crypto king rose.

As a leading Bitcoin yield and liquid staking protocol, pSTAKE mirrored Bitcoin’s momentum.

Heightened interest in investment products underpinned by BTC could be the reason the Bitcoin-focused DeFi (BTCfi) platform pSTAKE Finance rallied.

The protocol’s ability to allow users to stake Bitcoin while maintaining liquidity aligns perfectly with the current BTCfi narrative, amplified by Bitcoin’s bullish momentum.

Additionally, pSTAKE’s integration with top blockchain networks has helped drive growth.

Most recently, the protocol has rolled out PSTAKE staking Season 13, which went live on Base on May 20, 2025.

“S13 has 0.0075 $cbBTC rewards with 8.5/12.5M max cap tokens staked,” pSTAKE posted on X.“Stake and participate in protocol community activities to get $cbBTC rewards.”

pSTAKE Finance price prediction

Sentiment is mostly bullish for PSTAKE. However, technical indicators and market dynamics may dictate overall direction.

The Relative Strength Index (RSI) stands at 91, indicating overbought conditions. It means a potential short-term price correction.

Also, the Moving Average Convergence Divergence (MACD) indicator supports this.

But while the MACD line remains above the signal line, bears breaking lower amid selling will be worth attention.

 

Given the overall market outlook, particularly with BTC rising, pSTAKE could test resistance at $0.10 and likely $0.2.

If it breaks this level, the next target will be $0.8 and the all-time peak of $1.25. DeFi adoption amid Bitcoin demand will be a key catalyst.

However, as the overbought RSI levels suggest, profit taking could accelerate a pullback.

Key support levels will be around $0.035 and $0.020.

The post pSTAKE Finance explodes 117% as Bitcoin rebounds to $107k appeared first on CoinJournal.

• Lido DAO (LDO) price fell nearly 10% as altcoins dumped.
• Bitcoin’s bounce sees Lido DAO price recover to a key level.
• Bears are, however, likely to pull LDO lower.

Lido DAO (LDO), a leading liquid staking protocol in the market, saw its native token’s price dip by nearly double digits as volatility hit cryptocurrencies early Monday.

Lido DAO (LDO) has rebounded to a key technical level alongside a broader recovery in risk assets.

However, the outlook remains fragile, with the possibility of a fresh drop if bears regain control, particularly if the price revisits the $0.86 mark.

On-chain data adds to the cautionary tone, as whale activity around LDO has spiked.

A notable large holder recently moved a significant amount of tokens to major crypto exchanges, a move that could signal intent to sell and potentially exert downward pressure on the price.

Lido DAO price slips to key support level

Lido DAO’s price hovered above $1.16 last week. However, with altcoins still unable to master an altseason, the token’s price has ridden downside action to slip more than 16% in the past week.

In the past 24 hours, the LDO token’s value dipped to $0.86. This decline in early trading hours on May 19, 2025, largely aligned with Bitcoin’s dip from above $106k.

A broader market trend that also saw Ethereum shed gains to below $2,300 also shaped Lido DAO’s price action.

“The broader crypto space is seeing similar momentum. Coinbase is set to join the S&P 500 tonight — a landmark moment for institutional credibility, coming on the heels of its acquisition of Deribit. Mainstream adoption is no longer a question of “if. Volatility markets agree. Despite sideways spot action, crypto vols remain firm, and $BTC call skew is holding across tenors — a sign of structurally bullish positioning,” QCP analysts posted.

LDO price analysis

Some of the bearish pressure on Lido DAO price is from whales selling.

Profit taking and other market dynamics have seen large holders dump LDO tokens.

On-chain data and analytics tracker Lookonchain highlighted one such incident on Monday.

Per the data, a large whale dumped 21.3 million LDO tokens (worth about $21.6 million) over the past week.

The selling added to the overall profit taking deals, pushing the Lido DAO price down more than 25% over the week.

Speculation of likely insider selling also contributed to today’s price decline.

Technical indicators provide a bearish outlook. The Relative Strength Index (RSI) indicates LDO is near the oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) suggests weakness with a bearish crossover.

If LDO holds above $0.86, it could target resistance near $1.00. However, downside action could see it slide toward $0.80.

The post Lido DAO price revisits key support level: what next for LDO? appeared first on CoinJournal.

• XRP Futures are live on CME, with the launch coming as cryptocurrencies target rebound
• Ripple CEO Brad Garlinghouse says the launch is a “key institutional milestone for XRP”
• The XRP price could explode amid the development.

Ripple is notching yet another milestone in the market as regulated futures tracking its cryptocurrency XRP go live on the Chicago Mercantile Exchange.

XRP price may ride the launch to post a notable rebound, a scenario analysts say is likely to mirror the traction that greeted Bitcoin (BTC) and Ethereum (ETH) futures going live on the CME.

Big news as XRP Futures launch on the CME

The CME Group announced on May 19,2025 that the XRP and Micro XRP futures were now live on the exchange. CME’s announcement came as XRP hovered near a key level.

That’s because the broader market was facing downside action following a volatile start to the week for risk-on assets. However, with market participants looking to bounce, XRP holders received the positive news from CME.

Notably, the company has rolled out futures contracts for XRP and Micro XRP, allowing traders to leverage regulated products of the fourth-ranked altcoin.

Ripple CEO Brad Garlinghouse commented on the launch:

“The launch of regulated XRP Futures on CME marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening!”

The launch of regulated XRP Futures on @CMEGroup marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening! https://t.co/Njj8AUSY5K

— Brad Garlinghouse (@bgarlinghouse) May 19, 2025

XRP price analysis

Currently, XRP is trading at $2.34. Despite a 3.7% dip in the last 24 hours, daily volume is up 71% to over $4 billion. CME’s launch of regulated futures might be a fresh catalyst for XRP price.

Analysts at Crypto Raven noted:

“$BTC pumped and dumped a significant amount right after launching on CME Future market, $XRP is launching today. We could see similar movements where the price could push high and immediately look for corrections. It might not be as steep as $BTC, but could be something significant.”

While XRP has shed about 9% of its value in the past week, the top 10 altcoin by market cap have traded 13% up in the past 30 days. Furthermore, the Ripple token has ridden positive news since July 23 to break higher.  Zooming out, in the past year, the XRP price has jumped by more than 360%.

Institutional interest, amid potential spot exchange-traded fund (ETF) approval, combines with a broader market outlook to give bulls reason to target future gains. The cryptocurrency’s latest milestone, together with key launches in other markets such as Brazil, has XRP nicely poised.

Ripple’s controversies

Even as XRP’s future launch, Ripple’s troubles are far from over. The Securities and Exchange Commission (SEC) is still pursuing penalties against the company.

This is even after the company won a partial legal victory in terms of XRP’s status in the secondary markets.

A US federal judge also had rejected Ripple’s and the SEC’s request to approve a $50 million settlement.

The post XRP eyes bounce as regulated futures launch on CME appeared first on CoinJournal.

• MANTRA price is up this past week, with OM trading more than 13% up in this time frame.
• Nansen has joined MANTRA as a validator.
• OM token crashed to near zero earlier in the year.

MANTRA (OM) remains largely bearish despite a recent spike that sees the token trade above $0.43.

While optimism has reentered the MANTRA Chain ecosystem following the devastating crash earlier this year, price remains well below $1 and off its all-time highs.

As of writing, OM token traded at $0.43, slightly off the intraday highs of $0.46.

MANTRA Chain adds Nansen as validator

On May 14, MANTRA announced that Nansen, a leading blockchain analytics platform, has become one of its validators.

The strategic collaboration between MANTRA and Nansen allows the blockchain analytics firm to expand its presence in the crypto space with a new mission – help contribute to the Mantra ecosystem’s decentralization and security.

“We’re proud to support MANTRA as a validator and bring our analytics capabilities to a Layer-1 chain focused on real-world compliance. As institutional demand for blockchain infrastructure grows, platforms like MANTRA will play a pivotal role in bridging the gap between Web2 and Web3. We look forward to contributing to this evolution,” said Alex Svanevik, chief executive officer of Nansen.

The entry of Nansen as a validator aligns with recent developments and plans of the MANTRA team.

As we work to accelerate our validator diversification efforts, we’re thrilled to announce @nansen_ai has joined the MANTRA validator set.

Their addition brings not just greater security but;
✅Enhanced transparency into the health and dynamics of the MANTRA ecosystem
✅Unique… https://t.co/yHUThVC1bV pic.twitter.com/HGDVV2fRTX

— MANTRA | Tokenizing RWAs (@MANTRA_Chain) May 14, 2025

In April, MANTRA founder and CEO John Patrick Mullin provided an update that noted network resilience and growth despite OM price plummeting. Mullin added that the layer 1 blockchain network was looking to make governance improvements, mainly focused on decentralization.

“We’re accelerating our validator diversification efforts by winding down internal validators while adding more support partners. By the end of Q2 2025, we’ll have reduced internal validators by half and onboarded 50 total external partner validators,” he wrote.

He also confirmed a150 million OM token burn.

Mullin added in the latest announcement,

As we work to wind down MANTRA Chain Association validators and further decentralize the network, we are thrilled to have Nansen join MANTRA as an external one. It’s a welcome addition and change that reflects the significant governance improvements we are currently making on MANTRA Chain and our improved focus upon decentralization and transparency.

OM price outlook

MANTRA will leverage Nansen’s integration to unlock on-chain insights, with ecosystem participants benefiting from various key metrics.

MANTRA’s price was up about 5% in the past 24 hours and more than 13% up in the past month.

While an update in April, including a sizable burn, sent some assurance to OM holders, the price has not broken higher as anticipated.

But is MANTRA Chain’s token about to rally higher as the platform welcomes a new validator?

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