Kategorie: Crypto Analysis

• Policy mentions Parasol, owned by Sui’s Mysten Labs.
• SUI token up over 26%, breaks $3.58 resistance.
• Market cap now $11.66 billion, driven by whale buying.

The Pokémon franchise may be edging closer to the Web3 world, sparking a wave of investor activity around the Sui blockchain and its native token, SUI.

On 23 April, a minor update to Pokémon HOME’s privacy policy drew sharp attention from the crypto community.

It mentioned that Parasol Technologies, a developer now owned by Mysten Labs—the company behind the Sui blockchain—could receive user data in select regions.

This prompted speculation that The Pokémon Company could be preparing for a deeper integration with blockchain-based technologies.

While there’s been no official confirmation from Nintendo or The Pokémon Company, the update coincided with a separate Sui Foundation announcement.

The foundation stated that Parasol would be launching blockchain-powered trading card games on the Sui network.

An early version of the blog post even included a reference to Pokémon NFTs, which was quickly deleted—adding further fuel to the speculation that a collaboration might be underway.

Sui Foundation, Parasol, and the NFT angle

The newly intensified interest in Sui isn’t only about speculative data mentions.

Parasol, the blockchain gaming studio involved, was acquired by Mysten Labs in 2023.

Its presence in the Pokémon HOME policy suggests a potential partnership that could bring recognisable intellectual properties like Pokémon into the world of NFTs and digital collectibles.

Shortly after the policy update, a crypto influencer known as Shotgun flagged the change on X (formerly Twitter), interpreting the new medals introduced in Pokémon HOME as tradable digital items.

Although no code has confirmed this assumption, the idea that Pokémon’s digital assets could eventually become NFTs or tokenised cards has resonated strongly in both the gaming and crypto communities.

The Sui Foundation’s quick removal of Pokémon-related references from its blog post has only deepened intrigue.

While this may indicate premature disclosure, it also gives weight to the idea that negotiations or development work might already be in progress, albeit behind the scenes.

Market reacts with SUI price breakout

The timing of these developments coincided with a strong upward movement in the SUI token’s market price. SUI rose over 26% in 24 hours, climbing above $3.5 for the first time since its launch.

Source: CoinMarketCap

Trading volumes surged past $128 million, and whale accumulation showed a marked increase. Analysts have pointed to $3.80–$4.00 as the next short-term target, provided market sentiment remains positive.

Crypto analyst Ted Pillows noted that the SUI price had broken through key resistance zones, with the momentum boosted by broader investor excitement over a potential Pokémon integration.

The token now ranks 13th by market capitalisation at $11.66 billion, with SUI accounting for over 90% of the total Sui ecosystem valuation of $15.79 billion.

Web3 gaming narrative gains traction

The convergence of gaming and blockchain technology has been a rising theme over the past two years, but the potential involvement of a franchise as globally significant as Pokémon would mark a turning point.

The Sui blockchain, known for its high throughput and object-based data model, is positioning itself as a preferred platform for gaming dApps.

Even though speculation around Pokémon NFTs remains unverified, the strategic alignment of updates, corporate acquisitions, and rapidly deleted blog references point towards meaningful developments.

For now, the market has clearly taken notice—reflected not just in price movement but also in renewed interest across social media and trading platforms.

Whether or not Pokémon makes the full leap into Web3 through Sui, the latest chain of events has already proven the ecosystem’s influence on market sentiment and the growing appetite for tokenised digital assets among retail and institutional investors alike.

The post SUI token jumps 26% on Pokémon-Sui blockchain buzz and rising NFT hype appeared first on CoinJournal.

• Open interest jumps 20% to $3.89B in 24 hours.
• RSI climbs to 58, signalling bullish momentum.
• Risk remains if XRP loses $2.00 key support level.

Ripple’s XRP is gaining traction again, climbing steadily above the $2.00 mark after a volatile start to April. As of Wednesday, the token was trading at $2.26, buoyed by a renewed wave of risk appetite across crypto markets.

The upswing aligns with a broader shift in macroeconomic sentiment, driven in part by President Donald Trump’s softened stance on Federal Reserve Chair Jerome Powell and a fresh call for rate cuts.

The President’s pivot has sent ripples across asset classes, including Bitcoin, Ethereum, and Solana—bringing renewed optimism to the altcoin sector, with XRP front and centre.

Trump’s Fed policy pivot lifts risk sentiment

US President Donald Trump’s recent remarks—clarifying he has no intention of removing Fed Chair Jerome Powell—helped calm investor nerves.

Trump’s earlier criticism, which accused Powell of being slow to cut rates, had fuelled speculation of a shake-up at the central bank.

However, on Tuesday, Trump told reporters that the media had exaggerated his stance, stating, “Never did. The press runs away with things.”

Despite standing by his earlier concerns, Trump’s softened tone came alongside a renewed push for the Fed to lower interest rates.

That aligns with ongoing discussions around tariff negotiations, with the administration reportedly aiming for a temporary deal with China in the short term, followed by a comprehensive agreement within two years.

Markets responded positively. Bitcoin, Ethereum, and Solana posted intraday gains, reflecting the return of risk-on appetite. XRP also capitalised on the moment, continuing its uptrend and gaining technical strength near its short-term resistance levels.

XRP climbs above key moving averages

XRP’s price is holding firm around $2.22–$2.26, bolstered by support from both the 50-day and 100-day Exponential Moving Averages.

Source: CoinMarketCap

These indicators have acted as a confluence resistance zone, but XRP’s consistent testing of this level points to an attempt at a sustained breakout.

Momentum indicators are confirming the bullish bias. The Relative Strength Index (RSI) rose above 58 at the time of writing, heading towards overbought territory.

A continuation of this trend could allow XRP to challenge the descending trendline and make a run for the $3.00 psychological resistance.

Open interest and liquidations suggest trader confidence

XRP’s derivatives market data shows a clear tilt towards bullish positioning. According to Coinglass, open interest surged by over 20% in the past 24 hours to reach $3.89 billion.

That uptick confirms a renewed interest in the asset, with short positions liquidated to the tune of $8.46 million—vastly outpacing the $2.63 million in long liquidations.

The long-to-short ratio stood at 1.0243, indicating more traders are betting on continued upside.

Such a surge in leverage often raises the potential for short-term corrections. If profit-taking follows, XRP could revisit support levels. A confirmed close above the 50 and 100-day EMAs would be necessary to validate a longer-term breakout.

Caution if XRP slips below $2.00 support

If the bullish momentum stalls, XRP risks falling back toward its next key support level at $2.00. A break below this zone could invite further declines, potentially targeting the 200-day EMA around $0.96 and the $1.80 demand zone.

These levels remain crucial for maintaining XRP’s broader uptrend structure.

With macroeconomic sentiment shifting and Trump’s messaging turning less combative, XRP appears well-positioned to benefit from increased risk appetite in the short term.

However, confirmation through price action and technical closes above resistance will be essential before any sustainable push to $3.00.

The post XRP price targets $3.00 as Trump’s Fed stance fuels crypto rally appeared first on CoinJournal.

• Kaspa (KAS) price rose sharply as Bitcoin traded to above $88k
• The 13% jump for KAS puts it among the top gainers today.
• Kaspa price could target $0.2 in the short term.

Kaspa (KAS), a proof-of-work cryptocurrency leveraging the innovative GHOSTDAG protocol, has surged 13% in the last 24 hours, making it the top gainer among the top 100 cryptocurrencies by market cap.

This rally comes amid a broader market upswing, with Bitcoin (BTC) climbing above $88,000 and top altcoins showing signs of renewed momentum.

The surge suggests Kaspa’s unique blockDAG technology, which allows parallel block creation for faster transactions, continues to attract investor attention.

Kaspa price today

As of writing on April 22, 2025, Kaspa’s price is approximately $0.091, with a double digit increase in 24 hours.

Notably, the altcoin’s price is up 48% in the past two weeks and reached an intraday high above 0.092, its highest level since early March.

With a market cap of around $2.4 billion, KAS currently ranks 37th globally.

Meanwhile, the trading volume has spiked by over 80%, reaching $115 million, a scenario that signals strong market interest.

Despite KAS price being well below its all-time high of $0.2075 from August 2024, today’s performance suggests Kaspa is regaining traction.

The coin’s ability to process multiple blocks per second, aiming for 10 or even 100, underpins its appeal for scalability-focused investors.

Bitcoin helps bulls higher

Bitcoin’s climb above $88k has ignited optimism across the crypto market, providing a tailwind for altcoins like Kaspa.

The OG crypto’s resilience, driven by positive sentiment around institutional adoption and potential U.S. regulatory shifts, has lifted market confidence.

Granted, other top altcoins, including Dogecoin and IOTA, have also posted gains over the past week.

However, Kaspa leads the pack among 100 largest by market cap. Its proof-of-work model, akin to Bitcoin’s, positions it as a beneficiary of BTC’s bullish momentum.

I’m addition, MARA’s mining of KAS tokens since September 2023 further ties Kaspa’s fortunes to the broader PoW ecosystem, boosting its credibility and investor interest.

KAS price analysis

Technical indicators point to a bullish outlook for Kaspa.

A look at the daily chart shows KAS breaking above the $0.089 resistance, now acting as support, with the next targets at $0.106 and potentially $0.15.

The possible double bottom pattern combines with bullish indications from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD).

The latter shows a bullish crossover, signaling continued upside potential.

However, volatility remains a risk, which could hinder a short term surge to $0.2. But if buyers sustain the momentum, this hurdle could give way to an extended rally.

 

The post Kaspa (KAS) price jumps 13% to lead top gainers today appeared first on CoinJournal.

• Altcoin market cap falls from $1.6T to $950B in four months.
• Ondo partners with BlackRock, PayPal, Google Cloud.
• Token holds $0.82 but risks drop to $0.70 level.

The cryptocurrency market has entered a pronounced bearish phase, with Coinbase’s April 15 market review confirming a 41% drop in the altcoin market capitalisation.

From a high of $1.6 trillion in December 2024, altcoins now stand at $950 billion, wiping out $650 billion in value.

This downturn has triggered steep declines across the board, particularly for projects that had previously gained institutional traction.

Ondo Finance’s native token, $ONDO, has been one of the hardest hit, falling over 60% from its peak.

The slump comes despite the platform’s expanding real-world asset (RWA) strategy and rising visibility in both corporate and political circles.

While broader macroeconomic pressures and declining risk appetite are weighing heavily on crypto valuations, the case of Ondo highlights the disconnect between market performance and underlying adoption trends.

As institutional partners and high-profile endorsements continue to back the protocol, questions remain about whether this divergence is temporary—or a reflection of deeper liquidity concerns in the tokenised asset space.

Ondo builds RWA network

Ondo Finance, launched in 2021, has become a key player in the RWA sector. The platform aims to bring institutional-grade financial instruments like US Treasuries, bonds, and money market funds to the blockchain.

In February, the project launched its own Layer-1 blockchain focused on RWA tokenisation. It announced collaborations with Google Cloud, BlackRock, PayPal, Franklin Templeton, WisdomTree, and McKinsey.

Despite this momentum, $ONDO is currently trading at $0.8219—down over 60% from its December high. Its broader market structure remains bearish, with price action consistently below the 20, 50, and 200 simple moving averages (SMAs).

Trump-linked backing

Along with corporate partnerships, Ondo has recently attracted political attention. Donald Trump Jr. appeared at the Ondo Finance Summit, and World Liberty Financial—affiliated with the Trump family—invested $460,000 in $ONDO one week before the event.

While this support gained media attention, it hasn’t reversed the market trend.

Ondo also joined Mastercard’s Multi-Token Network (MTN), introducing the Ondo Short-Term US Treasuries Fund (OUSG) as the network’s first tokenised asset.

This move marks a step towards integrating RWAs into mainstream finance, potentially challenging traditional offerings from major asset managers.

$ONDO tests key support

Technically, $ONDO is clinging to support between $0.81 and $0.82, with the 100-period SMA at $0.8161. The token has faced repeated rejections between $0.88 and $0.90—an area of previous institutional interest—pointing to continued resistance at the top.

A breakdown below this support band could send the token toward $0.75–$0.77, or possibly to $0.70, which served as a rebound point in early Q1. These zones remain critical in assessing near-term downside risk.

Nonetheless, the Ondo Global Markets GM platform has helped the protocol cross $1 billion in total value locked (TVL) as of March. Daily trading volume has topped $300 million, with annualised revenue at $6 million, according to DeFiLlama.

Partnerships with high-growth networks like Aptos—which itself has crossed $1 billion in stablecoin TVL—further anchor Ondo within the decentralised finance space.

The short-term picture remains bearish, but with deep integrations across both financial and political sectors, Ondo continues to position itself for long-term relevance in the institutional crypto ecosystem.

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