Kategorie: Crypto Analysis

Daily headlines and news about crypto analysis.

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Pepe price jumps 40% amid memecoin rally driven by Bitcoin surge

  • Price broke resistance at $0.000009 amid 150% volume spike.
  • Whale accumulation triggered breakout to $0.000011 zone.
  • Target levels include $0.00001712, $0.00002118 and potentially $0.00006.

The memecoin market is back in focus after Pepe recorded a dramatic 40% surge in the past 24 hours, outperforming Dogecoin, Shiba Inu, and other top tokens.

The broader altcoin rally followed Bitcoin’s break past the $100,000 level and Ethereum crossing $2,200.

As a result, memecoins are now leading gains across decentralised finance, with some tokens recording double-digit increases in a matter of hours as renewed investor confidence returns.

Pepe, one of the more volatile assets in the segment, has just broken through a critical resistance at $0.000009 amid rising whale accumulation and a 150% jump in trading volumes.

Technical indicators suggest this breakout could lead to a major price discovery phase and potentially a new all-time high for the token.

Whale demand and volume boost fuel breakout

Trading volume for Pepe skyrocketed as larger investors, often called ‘whales’, began accumulating substantial amounts of the token.

The breakout above $0.000009 was seen as a major technical milestone, having acted as a stubborn resistance in the past.

The price move was accompanied by a 150% increase in volume, pointing to strong market interest.

Whale wallets reportedly bought millions of dollars’ worth of Pepe, which helped drive momentum past key price levels.

At the time of writing, Pepe is trading at $0.00001334, having surpassed the $0.000011 range that previously marked the token’s April high.

Source: CoinMarketCap

Technicals point to next leg of bull run

Pepe’s price chart shows a double-bottom reversal formation, with the neckline recently breached. Weekly technical indicators support a bullish continuation.

The Relative Strength Index (RSI) is showing a breakout into overbought territory, while the MACD has flipped bullish with a crossover above the signal line.

The token is currently testing its 200-day moving average on the weekly timeframe.

If it maintains support above this level, analysts suggest a move towards $0.00001712 is possible, followed by a run to $0.00002118.

Beyond that, the chart suggests Pepe could test the resistance channel top at around $0.00006, which would mark a new all-time high and potentially attract fresh speculative capital.

Memecoin sector gains accelerate

The broader memecoin market has seen significant gains in the past day.

BOOK OF MEME jumped 30%, while Fartcoin, Mog Coin, FLOKI, and ApeCoin posted increases between 18% and 20%.

Several others, including popular tokens in the top 100 by market cap, registered 15% gains or more.

The rally is widely viewed as being fuelled by Bitcoin’s strength, which has historically served as a catalyst for speculative altcoins.

Ethereum’s move above $2,200 has also restored confidence in riskier crypto assets, especially tokens with strong community backing like Pepe and others that have experienced prior bull cycles.

Unlike some of the smaller tokens, Pepe has managed to break key resistance with strong on-chain activity.

The bullish divergence across technical indicators hints at sustained buying interest, particularly as the meme sector enters what some traders call a “parabolic” phase with high volatility.

The post Pepe price jumps 40% amid memecoin rally driven by Bitcoin surge appeared first on CoinJournal.

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Will Polygon price hit $1 in 2025? Data shows wide volatility range

  • POL supports zkEVM and app-specific blockchains.
  • The current price is near $0.23, down from $1.29 in March 2024.
  • 2025 forecast ranges between $0.11795 and $0.47181.

Polygon (MATIC) is undergoing a major transformation with the introduction of its upgraded token, POL, as part of the wider Polygon 2.0 roadmap.

This move marks a shift to a zero-knowledge Ethereum Virtual Machine (zkEVM) system and supports a network of application-specific blockchains.

The upgrade is aimed at boosting scalability, utility, and decentralisation, potentially influencing long-term valuation.

As of early May 2025, POL trades near $0.23, far from its March 2024 peak of $1.29.

Source: CoinMarketCap

With price volatility high and new utility being built in, investors are now weighing whether the token can realistically reach $1 again within the year.

The protocol’s success could also have broader implications for Layer 2 scaling solutions across the Ethereum network.

POL migration sparks new interest

The migration from MATIC to POL is a key part of Polygon’s upgrade, allowing the network to evolve through zkEVM chains and decentralised governance.

POL will enable staking, community decision-making, and validation activities across Polygon’s ecosystem.

POL’s recent performance shows a modest rebound, up 2.88% to $0.23.

The token saw its all-time high of $1.29 in March 2024 and a low of $0.1533 in April 2025.

The current price range indicates considerable uncertainty, with upcoming adoption metrics likely to shape the price direction.

2025 price targets

Polygon’s 2025 forecast includes a potential high of $0.47181, a projected low of $0.11795, and an average estimate of $0.29488.

Analysts suggest the token’s success in reaching the upper end will depend on how quickly the new ecosystem gains traction.

The shift to zkEVM architecture, alongside developer participation, could be a key growth driver.

Forecasts for 2026 show a potential high of $0.75490 and a low of $0.18872.

In 2027, the token could rise to $1.20784, and by 2028, it may hit $1.93254.

Polygon’s 2030 estimates peak at $4.94731, based on long-term adoption and scaling progress.

Investment case remains mixed

Polygon’s 2.0 transition strengthens its technical capabilities, but the current trading price suggests there are still adoption hurdles to clear.

With zkEVM deployment and token migration underway, POL could attract interest from developers building scalable dApps.

POL’s journey to $1 in 2025 will largely depend on the traction gained in its upgraded ecosystem and how it competes with other Layer 2 solutions.

Close monitoring of gas fee savings, validator participation, and mainnet activity will be essential in assessing future performance.

The post Will Polygon price hit $1 in 2025? Data shows wide volatility range appeared first on CoinJournal.

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Ethereum (ETH) sees major uptick as Pectra upgrade goes live

  • The Ethereum stake limit has been raised to 2,048 ETH per validator as the Pectra upgrade goes live.
  • ETH price has jumped 7.3% to $1,966.
  • Historical May strength and undervaluation signal potential rebound.

Ethereum (ETH) has rallied sharply in the hours following the launch of its Pectra upgrade, marking the cryptocurrency’s strongest single-day gain in months.

Ethereum validator transformation with Pectra upgrade

The Pectra upgrade, activated on May 7, introduces a maximum stake limit increase to 2,048 ETH per validator, streamlining operations by reducing the need for multiple node setups.

By allowing validators to stake larger sums in a single account, Ethereum hopes to attract institutional participants and simplify the reward compounding process for networks of all sizes.

This major staking enhancement comes alongside eleven targeted Ethereum Improvement Proposals designed to reinforce network stability, scalability, and developer flexibility within decentralized applications.

Tim Beiko, overseeing core protocol meetings, described Pectra as the second-largest upgrade after the Merge, highlighting its potential to redefine staking economics and validator efficiency across the ecosystem.

Account abstraction, a standout feature of Pectra, enables users to pay transaction fees with tokens beyond ETH, promising greater user convenience but also introducing new security considerations.

Threat researcher Vladimir S. has cautioned users to verify message sources diligently and utilise wallets with advanced protections when interacting with account abstraction to prevent malicious contract exploits.

Ethereum’s development team emphasised a 24-hour monitoring period post-activation to identify and address any issues swiftly, reflecting a proactive stance on network safety and reliability.

Following the Dencun upgrade, which reduced Layer-2 costs, Pectra further cements Ethereum’s commitment to continuous improvement by tackling both infrastructural and user-facing challenges.

As validators begin to configure automatic reward compounding under the new limit, smaller stakeholders may benefit from seamless yield optimisation previously available only to larger operations.

The refined staking architecture under Pectra could lead to a more decentralised distribution of validating power, potentially mitigating concentration risks that have concerned community members.

Ethereum (ETH) price outlook

Data from Coinglass indicates that Ethereum has delivered an average return of nearly 28% in May since 2016, bolstering optimism that this month could reverse a five-month underperformance streak.

CryptoQuant’s valuation metrics highlight that ETH currently appears extremely undervalued compared to BTC, suggesting that market forces could soon realign the pair if demand picks up.

In the hours following the Pectra rollout, Ethereum has surged by 7.3%, reaching $1,966.11 and pushing its market cap above $237 billion amid elevated trading volumes exceeding $58 billion.

With Bitcoin dominance hovering near 63.9%, altcoin investors view the upgrade as a rare catalyst that could shift momentum back toward Ethereum and other Layer-1 networks.

Tracy Jin, COO of MEXC, has described Pectra as an opportunity to “flip the script in favour of altcoins,” underlining the market’s appetite for substantial protocol improvements.

Despite near-term upside, some analysts warn that supply pressure and flat on-chain activity could temper any rally if sustained demand fails to materialise over the coming weeks.

The post Ethereum (ETH) sees major uptick as Pectra upgrade goes live appeared first on CoinJournal.

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Pudgy Penguins NFT boom sends PENGU token price through the roof

  • Pudgy Penguins NFT floor price is up 32.9% in one month to 12.10 ETH.
  • PENGU token price has surged 282% from the April low to $0.014.
  • Daily PENGU trading volume is currently above $317M, as the market cap exceeds $883M.

The Pudgy Penguins NFT phenomenon has ignited a spectacular ascent in the PENGU token, capturing the attention of meme coin enthusiasts and NFT collectors alike.

Pudgy Penguins NFT floor price surge fuels investor confidence

Over the past month, the floor price for Pudgy Penguins NFTs has soared by nearly one-third, reflecting a renewed fervour among buyers seeking to participate in this digital art collection.

Data from CoinGecko shows that each Pudgy Penguins NFT hit a median value of 12.10 ETH, marking a 3.5% uptick in just 24 hours as Ethereum (ETH) holders flock to this iconic series.

The momentum builds upon a 20.4% increase in floor valuations over the last two weeks, underscoring the rapid pace at which demand has outstripped supply in a market driven by nostalgia and community culture.

CryptoSlam’s activity dashboard corroborates this trend by reporting nine sales totalling over $180,000 in the last day, signalling that transactional volume is not only active but climbing steadily in line with rising valuations.

With 5,004 unique owners holding their avatars for an average duration exceeding one hundred days, the diversity and resilience of the Pudgy Penguins community provide a sturdy foundation for continued market expansion.

A series of social media campaigns and community-driven initiatives by the Pudgy Penguins team appears to have catalysed renewed interest, weaving a narrative that blends collectibility with a lighthearted aesthetic.

Strategic collaborations with popular influencers and NFT marketplaces have amplified visibility, driving new entrants to the ecosystem and creating a virtuous cycle of demand that feeds further appreciation in floor prices.

PENGU token skyrockets on renewed market optimism

Parallel to the Pengu Penguins NFT renaissance, the PENGU token has shattered previous resistance levels, rallying by more than twenty-five percent in the span of a single trading session.

After languishing at an all-time low of $0.0037 in early April, PENGU has rebounded with breathtaking speed, climbing to $0.01441, according to CoinMarketCap data, and reclaiming price territory not seen since February of this year.

This represents a staggering 282% recovery from its nadir, a testament to the token’s deep liquidity and the fervent speculative interest of traders seeking outsized returns in the altcoin arena.

In just seven days, PENGU has outperformed its Solana-based meme coin peers with gains approaching 29%, illustrating its elevated status within the broader meme token hierarchy.

The token’s daily trading volume has likewise surged by 70% to exceed $317 million, highlighting the relentless appetite among investors to buy into the narrative of the Pudgy Penguins’ resurgence.

With a market capitalization now surpassing $883 million, PENGU secures its place among the top ten meme tokens, a milestone that underscores the potency of aligning token economics with vibrant NFT ecosystems.

Analysts point to the coinciding announcement of upcoming NFT drops and token utility enhancements as a key driver behind the PENGU token’s explosive surge, hinting at a broader roadmap that may sustain long-term growth.

Investor sentiment surveys reveal that a growing segment of market participants now view PENGU not merely as a speculative asset but as a vehicle for engaging with the creative and social dimensions of the Pudgy Penguins universe.

As the meme coin landscape continuously evolves, PENGU’s integration with NFT royalties and staking mechanisms distinguishes it from peers, offering tangible incentives for holders beyond mere price appreciation.

The post Pudgy Penguins NFT boom sends PENGU token price through the roof appeared first on CoinJournal.

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EOS price on the rise as Vaulta rebrand nears

  • The EOS price is rallying ahead of the highly anticipated Vaulta rebrand.
  • EOS’s token swap from $EOS to $A will go live on May 14 via MSIG and the Vaulta Swap Portal.
  • As the EOS price surges, bullish charts and rising open interest point to a possible Bull Run post-rebrand.

The EOS price has surged over 20% today, reaching an intraday high of $0.8482 as traders prepare for next week’s major network update.

The sudden rally also coincided with a staggering 241% spike in 24-hour trading volume, according to CoinMarketCap data, pushing above $506 million of EOS across order books.

EOS’s Vaulta rebrand is slated for May 14

According to an official announcement, the EOS network will officially switch its native token from $EOS to $A as part of a full rebranding to Vaulta, starting on May 14.

That change will be executed via a block producer multi-signature (MSIG) transaction that deploys the new Vaulta token contract and opens the Vaulta Swap Portal on Unicove.

Token holders will be able to exchange their $EOS for $A on a one-to-one, fee-free basis using either the official portal or supported exchanges.

The transition is purely cosmetic and strategic, with all existing infrastructure, wallet addresses, and smart contracts remaining fully compatible under the new Vaulta mainnet identity.

Developers and users alike are urged to complete the swap early to ensure seamless access, though a bi-directional swap window will remain open for four months post-launch.

EOS price outlook

Technical indicators are flashing bullish signals after EOS broke out from the upper boundary of a multi-week ascending broadening wedge on the 4-hour chart.

The Chaikin Money Flow has climbed into positive territory at 0.16, while Aroon Up sits near 85% and Aroon Down falls to about 35%, underscoring persistent buying pressure.

Derivatives data further bolsters the bullish case, with open interest in EOS futures up over 41% to roughly $195 million and a long/short futures ratio above 1 across major exchanges.

Coupled with attractive staking yields of around 17% on the forthcoming Vaulta token, vastly higher than Ethereum’s 2.7% or Solana’s 5.4%, investors are eyeing EOS for both capital gains and passive income.

Market observers, like Crypto investor and Data analyst CW, believe a breach of the $1 psychological level could pave the way toward $1.45 in the near term.

More optimistic traders are targeting $2.10 as the next significant resistance following a daily chart triangle breakout.

With the Vaulta rebrand just days away, EOS appears poised to maintain its upward trajectory as both a speculative asset and a yield-generating network token.

The post EOS price on the rise as Vaulta rebrand nears appeared first on CoinJournal.