Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Cardano price prediction as retail sentiment flips bearish

  • Cardano price hovers near key support as optimistic crowd flips bearish.
  • Sentiment is at its lowest in five months, but ADA price is holding up.
  • The downswing could allow whales to come in and catalyse fresh gains.

Cardano (ADA) price has failed to break above the notable resistance level around $0.84 as analysts point to a shift in retail trader sentiment.

After surging alongside top altcoins to highs of $1.23 in December 2024, Cardano has found it hard to regain momentum, with short retail sentiment allowing bears to push ADA below $1 and to the $0.80 support level.

But what does a shift in sentiment mean for Cardano price?

ADA dips to key support amid retail sentiment slip

Cardano remains among the top 10 coins by market cap, but is currently down more than 6% in the past week amid a significant change in retail trader sentiment.

ADA enjoyed a bullish commentary ratio in August as the price rose to above $1, with this coming on the back of a sharp pullback earlier in the month.

Per analysts at on-chain metrics platform Santiment, the retail outlook has again swung bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the most negative the crowd sentiment has been in five months.

Santiment’s data, which highlights social media activity and comments, suggests gains follow such dips in retail sentiment.

Notably, this bearish sentiment has been a catalyst for a 5% price rebound thus far, with ADA price eying a fresh breakout.

“Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA’s price is +5%. Patient holders and dip buyers during this three-week downswing should root for this trend of bearish retailers to continue,” Santiment posted on X.

Bulls are thus trying to keep the $0.80 support level intact.

Cardano retail sentiment swings bearish: Source: Santiment on X

Cardano price prediction

The flip in retail sentiment has sparked optimism among analysts regarding Cardano’s price trajectory.

According to Santiment, hodlers and dip buyers may want to position further ahead of a potential price rally.

Historically, bearish retail sentiment has offered an ideal accumulation phase for whales, in this case, the outlook that could potentially drive ADA’s price upward.

“Prices typically move the opposite direction of the crowd’s expectations. When small traders sell off their bags out of impatience and frustration, it is generally the key stakeholders who accumulate and drive up prices again,” the analysts noted.

However, while short-term volatility is expected, Cardano may yet experience an extended pullback.

Broader market conditions and whale activity will provide signals, while traders may have to look at the technical picture.

As the market is largely weak amid September woes, ADA price could revisit support around $0.69 and $0.54.

On the upside, a breakout above $0.84 will allow buyers to aim for the psychological $1 level and $1.24. The all-time high is at $3.10.

The post Cardano price prediction as retail sentiment flips bearish appeared first on CoinJournal.

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Ripple expands RLUSD stablecoin into Africa to power cross-border payments

  • Ripple has inked key collaborations to roll out its dollar-backed stablecoin across Africa.
  • Chipper Cash, Yellow Card, and VALR will integrate RLUSD to support trading and payments.
  • That signals increasing demand for regulated stablecoins in emerging markets.

Ripple has confirmed bringing its institutional-grade stablecoin, RLUSD, to Africa.

The blockchain company has collaborated with fintech platform Chipper Cash, payment provider Yellow Card, and Africa’s top crypto exchange VALR to expand Ripple USD access.

The move marks a notable milestone in the continent as remittances, access to the US dollar, and cross-border payments play a vital role in Africa’s financial landscape.

RLUSD has recorded impressive growth since its late 2024 launch, with a market cap above $700 million.

Its new expansion into Africa reflects Ripple’s dedication to making it central in financial models of growing economies.

Commenting on the move, Ripple’s Stablecoin SVP Jack McDonald said:

RLUSD has quickly become established in enterprise financial use cases, from payments to tokenization to collateral in both crypto and traditional trading markets. We’re seeing demand for RLUSD from our customers and other key institutional players globally, and are excited to now begin distribution in Africa through our local partners.

Fueling RLUSD adoption with strategic alliances

The African move comes weeks after Ripple joined forces with SBI Group to fuel RLUSD in Japan.

Once more, the blockchain company has tapped key players within the African tech space to expand stablecoin utility on the continent.

Chipper Cash, which offers fintech solutions to millions in Africa, will add RLUSD to streamline payments.

The company is already working with Ripple to streamline global transactions, and integrating RLUSD cements that collaboration.

Chipper Cash co-founder and CEO Ham Serunjogi promises to make the stablecoin available to its users “as soon as possible,” adding:

RLUSD is uniquely positioned to drive institutional use of blockchain technology across Africa and broader global markets, including through cross-border payments.

On the other hand, Yellow Card and VALR will broaden RLUSD’s access. The former has established itself as a lucrative payment network for users, even introducing gas-free transactions in July.

Yellow Card CEO Chris Maurice trusts the stablecoin integration will satisfy the rising demand for digital assets that support secure cross-border transactions and treasury management.

The CEO of crypto exchange VALR commented:

The listing of RLUSD reflects our broader strategy to support trusted stablecoin options that serve the evolving needs of both institutional and retail clients seeking a reliable digital dollar for a growing range of use cases.

RLUSD’s social impact

Furthermore, Ripple is navigating using the stablecoin for humanitarian activities.

For instance, Kenya’s Mercy Corps Ventures is leveraging RLUSD to pilot climate insurance programs.

The stablecoin can serve as insurance against drought, with funds held in escrow and released if data indicates famine risks.

Another pilot focuses on rainfall, promising timely support during life-threatening weather conditions.

Such projects show how stablecoins can offer real-world solutions in emerging communities.

Africa is only part of Ripple’s international expansion goals.

The stablecoin is already accessible through exchanges like Gemini, Kraken, Mercado Bitcoin, Bullish, and Bitstamp.

The post Ripple expands RLUSD stablecoin into Africa to power cross-border payments appeared first on CoinJournal.

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Altcoins today: WLFI dips after debut, BGB rallies on new utility, MemeCore enters top 100

  • WLFI plunges on its first trading day amid profit-taking.
  • BGB leads upside as it gains more roles in the Morpho network.
  • MemeCore broke into the top 100 after significant gains in the past few sessions.

Cryptocurrencies displayed mixed performances on Tuesday, with top tokens stable amid uncertainty.

As usual, a lot is happening in the sector today.

This article evaluates three projects that are making waves fundamentally and technically. Let’s find out more.

World Liberty Financial’s new WLFI token led the downside, losing more than 14% on its 24-hour chart after its closely-watched September 1 trading debut.

MemeCore has entered the top 100 digital assets’ list by market cap following remarkable rallies, fueled by strategic collaborations and whale accumulation.

Moreover, BGB soared after Bitget hinted at more governance and gas use cases for the native coin within the Morpho blockchain. Here are more details.

WLFI fails to keep pace after strong debut

World Liberty Financial opened its governance token, WLFI, for trading on September 1.

It dominated crypto forums and social media trends, with early investors celebrating staggering returns.

However, the bullish party didn’t last. WLFI jumped to $0.33 highs after going live.

However, selling pressure from unlocks holders triggered substantial price declines in the past 24 hours.

WLFI is trading at $0.2397 after losing more than 14% of its value within a day.

Its market cap has plunged from above $9.4 billion to $6.55 billion, ranking #33 on Coingecko.

Some investors and traders are already counting massive losses.

For example, Andrew Tate lost $67.5K early today after selling pressure liquidated his long position.

He executed another long position, possibly signaling confidence in the alt’s rebound if not revenge trading.

BGB rallies as new use cases spark bullish momentum

Bitget’s native token stole the show with sharp rallies today.

BGB trades at $5.26 after gaining more than 15% on its daily chart.

The upside stance coincides with a new collaboration between Bitget and L2 payment platform Morph to reshape BGB’s role within the market.

The exchange confirmed it would move the entire 440 million team-held BGB assets to the Morpho Foundation, which will handle all future developments linked to the native coin.

Effectively, BGB will land new utilities as Morpho’s governance and gas token.

That positions the altcoin for increased adoption in the payment sector.

The official announcement highlighted:

Bitget plans to transfer all BGB tokens held by its team to the Morpho Foundation, and the Morpho chain will adopt BGB as its gas and governance token, driving the prosperity of the Morpho ecosystem.

MemeCore joins the top 100 cryptos

MemeCore has grabbed attention after its remarkable rally into the top 100 digital assets by market value.

M price hovers at $0.8369, ranking 93rd on Coingecko with its $1.39 billion market capitalization.

Strategic collaborations, whale purchases, and liquidity events fueled the upside.

The primary catalyst came from the partnership with token launcher D-Pump.

The alliance promises technical support, market expansion, and ecosystem interconnection, themes that resonate with market players seeking the next viral crypto.

Also, MemeCore’s MemeX liquidity event injected around $5.7 million into ME’s ecosystem.

Liquidity providers and traders joined, catalyzing short squeezes that propelled the upswing.

Moreover, Nansen data shows intensified whale activity, with dip-pocketed players accumulating more than 51.9 million MemeCore tokens last month.

The post Altcoins today: WLFI dips after debut, BGB rallies on new utility, MemeCore enters top 100 appeared first on CoinJournal.

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XVS price slips after $27M Venus Protocol phishing attack

  • A Venus network user suffered massive losses after authorizing a malicious transaction.
  • The perpetrator took seconds to drain vUSDT, BTCB, vETH, vXRP, and vUSDC.
  • The native token plunged sharply after the news.

While the crypto market displayed stability on Tuesday, XVS painted its daily chart red after news surfaced that a Venus Protocol user had encountered a sophisticated phishing scam, resulting in the loss of digital assets worth a whopping $27 million.

What attracted attention is how the incident unfolded.

It was not a weakness in Venus Protocol. The attacker gained complete access to the victim’s assets after a simple mistake.

According to an on-chain investigator, PeckShield:

The victim approved a malicious transaction, granting token approval to the attacker’s address (0x7fd8…202a) for asset transfer.

The perpetrator’s burner wallet instantly drained the assets after the user approved access.

It took seconds to lose a fortune, likely accumulated in years.

Such incidents underscore the brutal reality in the DeFi world, where a simple mistake can translate to disastrous losses.

The numbers reveal how devastating the attack was:

  • $19.8M in vUSDT
  • $7.15M worth of vUSDC
  • $146K in vXRP
  • $22K in vETH
  • $285 Bitcoin on BNB Chain (BTCB)

The victim lost what most people would consider generational wealth, especially in the crypto industry.

What’s worse is that the hack didn’t happen due to weaknesses in Venus Protocol.

The attacker leveraged the user’s innocence and deception to orchestrate the scam.

Venus Protocol remains secure

One thing that the community would like to know is whether the perpetrator breached the Venus Protocol.

NO. The BNB Chain-based lending and borrowing protocol remained secure and fully operational.

The $27 million loss didn’t stem from a coding flaw, systematic exploit, or bugs in smart contracts.

It is part of the rising trend of social engineering frauds, where attackers trick users into authorizing token approvals.

In June, a New York scammer used social engineering to steal assets worth over $4 million from a Coinbase user.

Another similar incident had a victim losing over $240 million in August last year.

The weak point has nothing to do with the protocol, but the user who’s controlling the wallet.

Thus, the Venus Protocol remained operational after one of its users suffered a devastating loss.

Doesn’t that add to the victim’s frustration?

Risks linked to DeFi’s freedom

Decentralized finance thrived on permissionless technology.

However, that freedom carries significant dangers.

Token approvals ensure streamlined interactions between digital assets and decentralized applications (dApps).

Nevertheless, giving wallets unlimited approvals limits user control.

The powers turn deadly if the wallet belongs to a fraudster.

That’s what the Venus Protocol victim met – a simple approval turned out to be a complete disaster.

Furthermore, DeFi doesn’t have a refund button or helpline.

Mistakes are final in this industry, and the $27 million is likely gone forever.

XVS price outlook

Venus Protocol’s native token turned bearish amidst the scam developments.

It has lost more than 6% on its daily chart after a sharp dip.

XVS trades at $5.99 with an overwhelming selling pressure.

The 400% surge in 24-hour trading volume signals heightened activity, potentially from holders exiting positions to avoid further losses.

Bears dominate XVS’s price charts, hinting at more declines before the altcoin secures footing.

The post XVS price slips after $27M Venus Protocol phishing attack appeared first on CoinJournal.

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Sky Protocol buyback program starts paying off as SKY token jumps 12%

  • Sky Protocol has spent nearly $75M on buybacks since February 2025.
  • SKY token has risen by 12.6% in a week, nearing previous highs.
  • Buybacks reduced supply and boosted investor confidence.

The price of the SKY token has jumped 12.6% over the past seven days as the Sky Network buyback program starts to bear fruits.

The steady rise comes after months of token repurchases, with Sky Protocol investing tens of millions of dollars to reduce supply and stabilise market confidence.

Sky Protocol’s buyback strategy

Sky, formerly known as Maker before rebranding in August 2024, has made headlines with its aggressive buyback plan.

Since February this year, the protocol has used nearly 75 million USD to purchase SKY tokens directly from the market.

The most recent update revealed that in August alone, Sky spent 5.5 million USD to acquire 73 million tokens.

Notably, this consistent activity has helped to gradually lift the token’s price.

In late February, SKY was trading just above six cents.

Today, it is changing hands at a little over seven cents, and while the number may look modest, it marks a meaningful recovery for a token that had faced periods of volatility.

The buybacks are designed to reduce circulating supply, creating upward pressure on value while signalling financial confidence from the project’s side.

SKY token price recovery gains momentum

Market data from Coingecko shows that SKY has gained more than 12% in the past week, outperforming several other decentralised finance tokens.

The token’s performance since the start of the buyback has been steady, rising over 8% across six months despite broader market swings.

In late July, SKY even touched 9.6 cents, getting close to its all-time peak of just over ten cents recorded in December, before taking a surprising dip to just above six cents in August.

By comparison, Uniswap’s UNI token has risen about 6% in the same timeframe, while Aave’s AAVE has gained over 25%.

These comparisons highlight that although SKY has not delivered the strongest returns, its growth is tied directly to a deliberate financial mechanism rather than just speculative market sentiment. This distinction makes Sky’s approach stand out within the altcoin space.

Why the buybacks matter

Token buybacks are not new in crypto, but Sky’s scale and consistency are drawing attention.

By removing tokens from circulation, the project is reducing potential selling pressure and rewarding holders with gradual value appreciation.

The fact that Sky has committed $75 million to this strategy suggests a strong treasury position and confidence in its ecosystem.

Other projects, such as World Liberty Financial and Pump.fun, have also launched similar programs, indicating that the model may become more common across the industry.

For Sky, the coming months will be crucial in determining whether the current momentum can be sustained, especially if market conditions turn volatile again.

Investor sentiment already appears to be shifting in line with these efforts. A token that fell to a low of 3.5 cents earlier this year has nearly doubled from that point, reflecting renewed faith in its long-term role.

With a market capitalisation of around $1.64 billion and more than $6.2 billion in total value locked on the platform, Sky is positioning itself as one of the more stable players in DeFi.

The post Sky Protocol buyback program starts paying off as SKY token jumps 12% appeared first on CoinJournal.