Kategorie: Altcoin News

• Somnia is a SoftBank-backed Improbable’s Layer 1 blockchain network.
• Somnia’s token price is rallying after 10 billion testnet transactions and the mainnet launch.
• Somnia has partnered with ZNS Connect for .somnia domains and decentralised identity tools.

Somnia (SOMI) token has seen a dramatic upswing in value, climbing more than 40% in the past 24 hours and marking a significant step for one of the newest entrants in the blockchain space.

With strong trading volume and multiple partnerships fueling momentum, SoftBank-backed Improbable’s Layer 1 is emerging as a serious contender in the Web3 arena.

Why is the price of Somnia cryptocurrency rising?

Somnia (SOMI) is currently trading around $1.60, with a market cap of more than $260 million.

At its peak, Somnia touched an all-time high of $1.84, only days after hitting an all-time low of $0.38.

This sharp swing highlights the intense market activity surrounding the project, amplified by trading volumes that surpassed $898 million within 24 hours.

Somnia’s surge can be traced back to the successful launch of its mainnet six days ago.

The mainnet launch came after the network processed more than 10 billion testnet transactions, a figure that signalled both the robustness and scalability of its underlying technology.

The mainnet launch generated strong market confidence, which quickly translated into a rally in SOMI’s value as investors rushed to secure early positions.

Beyond the technical milestones, Somnia’s partnerships are also proving to be a strong catalyst for price growth.

The network recently announced its collaboration with ZNS Connect to create decentralised identity solutions.

Through this partnership, users can mint .somnia domains, deploy smart contracts, and interact directly on-chain.

Notably, the integration of identity with utility has added a layer of uniqueness that makes the ecosystem more attractive to both developers and users.

Another crucial boost came from Somnia’s partnership with TheResidncy, a platform that connects sports fans with their favourite athletes through interactive live events.

In just six sessions, the collaboration attracted over 121,000 unique fans, peaking at 22,000 concurrent participants and recording 245,000 messages and reactions — all processed fully on-chain via Somnia.

This not only demonstrated the network’s ability to scale under heavy demand but also introduced a compelling real-world use case that resonates with global audiences.

Somnia price outlook

With the token’s price climbing more than 300% from its lows and trading activity showing no signs of slowing, the short-term outlook appears bullish.

The project has successfully combined market excitement with clear utility, which is often a critical factor in sustaining long-term growth.

However, as with most emerging cryptocurrencies, volatility remains a key consideration.

The price is just under its record high, and profit-taking could cause sharp swings in the days ahead.

Nevertheless, the fundamentals — particularly the network’s capacity to handle large-scale activity and its focus on identity-driven Web3 experiences — provide a strong foundation for continued expansion.

The back-to-back partnerships are also setting it apart in a crowded market.

If the platform can maintain its momentum and deliver on its roadmap, the SOMI token may continue to attract investor interest well beyond its post-launch rally.

The post Somnia (SOMI) price soars post mainnet launch amid numerous partnerships appeared first on CoinJournal.

• SUI’s 24-hour trading volume  signals heightened market interest.
• Treasury bets and staking yield could attract more institutional investors to SUI.
• A potential price test may occur if buying momentum persists

Sui is trading up as bulls continue the uptick seen since SUI Group Holdings’ recent acquisition of 20 million SUI tokens.

As the company boosted its treasury to over $332 million, Sui prices jumped amid optimism about the future of SUI.

The altcoin is up from lows of $3.12 this week and could explode as the crypto market eyes a Q4 rebound.

Sui price surge – key bet by SUI Group Holdings

Although gains in the past 24 hours and week are below 3%, analysts are bullish about SUI following recent activity.

The token, which  currently stands at $3.41, with a 24-hour trading volume of $806 million according to CoinMarketCap, also has open interest at $12.19 billion to indicate trader confidence.

As this happens, the recent purchase of 20 million SUI tokens by SUI Group has added to short term optimism.

The company’s holdings of 101.8 million tokens are a move that hints at strong confidence in the project’s future.

“Since the initiation of our SUI treasury strategy in late July, we have expeditiously accumulated over 100 million SUI, underscoring our conviction in the transformative potential of the SUI blockchain and its critical role in the future of decentralized finance,” said Stephen Mackintosh, Chief Investment Officer of SUI Group.

Accumulation executed through a discounted deal with the Sui Foundation has sparked discussions about a potential price surge, building on the bullish momentum.

The recent treasury boost is seen as a catalyst, potentially pushing the price toward $4.00 within the next quarter if market conditions remain favorable, which further strengthens SUI’s fundamentals, attracting long-term investors.

Sui price volatility

Despite the optimism, the crypto market’s volatility encounters challenges as analysts caution that whale activity, like SUI Group’s, might lead to short-term price swings, with a possible dip to $3.00 if selling pressure mounts.

Buyers appear willing to step in repeatedly, reinforcing the base if the price finally cracks, with the structure favouring a swift climb as liquidity thins above.

In this case, the Sui price could explode above $4.00, with targets above $5.00 in the short term.

However, the SUI Group’s cash reserves  for further acquisitions signal a commitment to growth, potentially stabilizing the token.

As the crypto community reacts with enthusiasm, with users heaping praise on the treasury strategy move, the main target will be on what this means for the long term price outlook.

The post Sui price prediction after SUI Group Holdings’ $332m token grab appeared first on CoinJournal.

• RedStone’s price rose 55% as the 24-hour trading volume surged to $418 million.
• The project’s token soared after Upbit announced trading support for RED.
• RED price could surge to $1 or find support around $0.50.

RedStone (RED), a leading decentralised finance oracle infrastructure provider, has experienced a significant price surge of 55% in the past 24 hours.

While the price increase mirrors the rest of the market’s bounce, RED has surged after Upbit, South Korea’s largest crypto exchange, announced trading support.

The announcement, made on Sept. 5, ignited excitement among traders and DeFi enthusiasts, pushing RedStone’s price to above $0.78.

RedStone price jumps 55% as Upbit lists RED

The price of RedStone skyrocketed to $0.78 on Friday, following its listing on Upbit.

Other platforms like Bithumb also saw newly-listed tokens explode.

According to CoinMarketCap, RedStone rose from lows of $0.47 to $0.78, which represents a notable 55% increase within 24 hours.

This was accompanied by a trading volume of $418 million, which had jumped by over 800% at the time of writing.

The surge comes on the heels of Upbit’s official announcement to support RED/KRW trading, with the market opening at 17:00 KST.

RedStone’s team, via their X account, celebrated the listing with a post highlighting the availability of RED/KRW on Upbit.

The post also teased upcoming events in Seoul, including the Korea Blockchain Week (KBW) and side events like the Hyperliquid hackathon and XRP Seoul, signalling the project’s active engagement with the crypto community.

This move fueled trader confidence in RED, with South Korea a market known for its robust trading activity.

RedStone price forecast

RedStone, which provides modular oracle infrastructure for DeFi protocols and secures over $10 billion in assets, aligns with Upbit’s focus on innovative projects, further driving the price jump.

Recently, RedStone acquired DeFi ratings provider Credora, which will boost the platform’s expansion efforts.

Commenting on the acquisition, RedStone noted via X:

“This brings TradFi-grade risk assessment to DeFi. It positions RedStone to play a role in decentralised markets similar to what S&P or Moody’s has long provided in traditional finance, a trusted framework for understanding and pricing risk.”

The 55% spike also reflects broader market dynamics, with protocols like Compound, Lido, and Pendle also posting gains.

While the bullish trend is evident, with Bitcoin showing higher lows, September’s historical reputation as a challenging month for assets like BTC could introduce short-term fluctuations.

Analysts suggest that sustaining the current momentum will depend on RedStone’s ability to leverage Upbit’s platform and deliver on its event promises.

For now, RED must hold above $0.60 to maintain the upside momentum.

Conversely, the token’s price could drop to $0.50 or lower.

The post RedStone price spikes 55% amid Upbit listing appeared first on CoinJournal.

• The Euler (EUL) price has surged over 30% after Bithumb confirmed KRW trading.
• Euler’s TVL hit $1.52B, marking rapid DeFi growth in 2025.
• Coinbase and Pendle integrations have boosted Euler’s ecosystem momentum.

Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced that trading for Euler (EUL) will begin today at 5:00 pm Korean Standard Time.

The news has sent the EUL price surging more than 30% within hours, with intraday fluctuations taking the token from lows of $9.25 to as high as $13.33.

By press time, the token was hovering around $13.02, still up more than 30.6% from the previous day.

Besides impacting the altcoin’s market price, the listing also fueled an immediate spike in trading activity.

EUL’s daily volumes jumped nearly 292%, reaching $9.58 million, with a significant portion of the trades taking place on Asian exchanges.

Notably, this surge in key market metrics has positioned EUL among the day’s top gainers in the global crypto market, drawing attention to a project that had already been gathering momentum throughout 2025.

Expanding ecosystem and new integrations

The listing comes at a time when Euler has been expanding its ecosystem with new products and integrations.

In early August, the token was listed on Coinbase, a move that gave US investors easier access to the protocol.

Euler also unveiled EulerEarn, a passive yield strategy backed by $50,000 in USDC incentives in August.

Euler has also introduced isolated ETH markets on Linea, an Ethereum layer-2 network designed to boost scalability and cut transaction costs.

More recently, it integrated with Pendle, unlocking additional yield opportunities for decentralised finance users.

Today, the protocol is also celebrating its first anniversary of its V2 upgrade, which included the launch of the Euler Vault Kit, a modular system for creating customised lending markets.

These developments highlight the project’s ongoing effort to cement its role in a competitive sector.

According to data from DeFiLlama, Euler’s total value locked has reached $3 billion, a sharp rise from just $100 million at the start of 2024.

This growth reflects a surge in user adoption and positions the protocol among the more dynamic projects in the decentralised finance sector.

Revenues and fees collected by the network have also increased more than fivefold this year, according to Token Terminal.

Euler (EUL) price analysis points to a bullish momentum

From a technical perspective, Euler’s momentum remains bullish.

Notably, the sharp price surge pushed EUL above its upper Bollinger Band, a signal of strong market demand but also of potential overextension.

The Relative Strength Index now stands at 67, just below overbought levels, while moving averages across 10, 20, and 30 days remain aligned in a bullish pattern.

If the current rally continues, EUL could retest its July peak of $15.81 in the coming weeks.

However, traders should be cautious of profit-taking, which could drive the token back into the $10.50 to $11.00 range in the near term.

Euler Finance network growth

The price rally lifted Euler’s market capitalisation to roughly $242 million, while its fully diluted valuation stood at about $353 million.

But despite the gains, the token remains nearly 20% below its all-time high of $15.81, reached on July 11.

According to the market outlook, although the sentiment remains firmly positive, the resistance at the current price level could prove difficult to break in the short term.

The post Bithumb listing sends the price of Euler (EUL) price flying appeared first on CoinJournal.