Chainlink eyes $27 as ETF talks intensify; Check forecast

Key takeaways

  • LINK is up nearly 6% and is currently trading above $23 per coin.
  • Grayscale has filed to convert its existing LINK trust into the GLNK ETF and could include staking if approved.

Grayscale files to convert its LINK trust into an ETF

Digital asset manager Grayscale has filed with the U.S. SEC to convert its existing Chainlink Trust into a spot exchange-traded fund (ETF). According to the S-1 registration statement submitted to the regulator on Monday, Grayscale stated that if approved, the ETF would trade on NYSE Arca under the ticker GLNK. 

The filing also includes a potential staking feature. If approved, the ETF would use third-party staking providers while keeping the LINK tokens in custodian wallets. Grayscale explained that the ETF could retain the staking rewards, distribute them to stakeholders, or sell them to cover expenses. 

LINK eyes $27 as altcoins rally higher

The LINK/USD 4-hour chart is bullish but inefficient, as altcoins have been rallying since the start of the week. LINK is currently trading above $23 and is now targeting its recent high.

The RSI of 63 shows that LINK is heading into the overbought territory, while the MACD lines are also within the bullish region. If the rally continues, LINK could hit the high of $27.94 recorded on August 22nd. However, LINK could temporarily dip to $22 to gain efficiency before rallying higher. An extended rally would see LINK test the $30 psychological mark over the coming days or weeks.

LINK/USD 4H Chart

However, in the event of a market correction, LINK could retest the TLQ and support level at $21. Failure to hold this support level could see LINK drop below $20 for the first time in over four weeks.

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Bitcoin price prediction: BTC targets $117k as bullish sentiment grows

Key takeaways

  • BTC is approaching the $113k mark again as the bullish momentum grows.
  • Surpassing the $113k resistance level could see BTC surge towards the $117k mark in the near term.

Corporate entities continue to buy more Bitcoins

The cryptocurrency market is having a positive start to the week, with most coins and tokens currently in the green. Bitcoin, the leading cryptocurrency by market cap, overcame the $107k low last week and is now trading close to the $113k mark.

BTC is up by 1.55% in the last 24 hours and is now trading at $112,900. The rally could see BTC surpass the $113k resistance level in the near term and rally higher over the next few hours. 

The positive performance also comes as corporate entities continue to increase their exposure to Bitcoin. Michael Saylor’s Strategy announced on Monday that it acquired 1,955 BTC for $217.4 million at $111,196 per bitcoin and has achieved a BTC Yield of 25.8% YTD 2025. As of 9/7/2025, Strategy holds 638,460 $BTC acquired for $47.17 billion at $73,880 per bitcoin.

Japanese-based Metaplanet also added 136 Bitcoin to its reserves, increasing its total holdings to 20,136 BTC, valued at over $2.2 billion at current prices. According to the company, it purchased 136 bitcoins for 16.55 million Japanese yen ($111,830) per coin. Metaplanet is moving towards its target of hitting 30,000 Bitcoins before the end of the year. 

BTC eyes $117k as bullish momentum grows

The BTC/USD 4-hour chart remains bearish despite Bitcoin’s recent positive run. The sentiment is, however, shifting bullish as buyers begin to dominate the market. The RSI of 63 shows that buyers are in control, and BTC could soon enter the overbought region. 

BTC/USD 4H Chart

The MACD lines are also within the positive territory, indicating a bullish bias. If the rally continues, BTC could break above the $113,541 resistance over the next few hours and target the $117k high. An extended bullish run would see BTC rally towards the $120k FVG.

However, the market could encounter a correction following the recent rally. If that happens, BTC could retest the $111k low over the next few hours.

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How high can the Worldcoin (WLD) price go after today’s 22% jump?

  • Whale wallets added 310,000 WLD, boosting bullish momentum.
  • Worldcoin adoption surges with 456,000 new World App users in a week.
  • Key resistance at $1.40 could open the path toward $1.50–$2.00.

Worldcoin (WLD) has leapt 22% in the past 24 hours, lifting the token above $1.20 and putting traders on alert for more upside.

The price surge marks one of its sharpest rallies since April and has sparked speculation over whether WLD could finally break through key resistance levels.

The trading volumes also surged past $1 billion, more than tripling from earlier in the week, a sign of renewed interest from both speculative traders and long-term holders.

Whales step back in

Big investors appear to be leading the charge.

Data from Santiment shows whale wallets added around 310,000 WLD in the past 24 hours, boosting large holder balances by 4.5%.

That kind of accumulation often fuels follow-up retail demand, creating momentum that can sustain rallies beyond the short term.

Notably, the renewed whale interest came just days after Worldcoin introduced its Anonymised Multi-Party Computation initiative, aimed at strengthening its biometric verification system with stronger privacy and quantum resistance.

The announcement has been welcomed as a step toward addressing the project’s biggest controversies and may be drawing big money back to the token.

Worldcoin adoption numbers are promising

Worldcoin’s rally is not just about whales. Adoption metrics show steady growth, reinforcing the bullish case.

More than 238,000 new people verified their identities on the network in the past week, while the World App added 456,000 users, bringing the total close to 34 million.

Activity on the chain is also holding up. The project processed 15.7 million transactions in just seven days, averaging around 2 million a day.

That kind of usage helps counter arguments that the token’s moves are purely speculative.

Recent partnerships with Razer and Match Group have also raised visibility, even as regulators continue to keep the project under scrutiny.

WLD price prediction

The WLD price recently broke out of a falling wedge on the daily chart, while a larger cup-and-handle pattern has been developing since May.

These patterns are typically seen as bullish continuation signals.

The token has already cleared the 38.2% Fibonacci retracement at $1.106, and if it closes above that level, the next target sits near $1.21.

That zone lines up with the 50% retracement and could act as a springboard toward the bigger test at $1.40 to $1.50.

Momentum indicators back the move. The MACD shows a fresh crossover to the upside, and the RSI has climbed to 57, showing strong buying without yet tipping into extreme overbought territory.

Worldcoin price chart

A decisive breakout above $1.40 could unlock room for a run toward $2.04 in the weeks ahead.

Risks haven’t gone away

While the technical analysis shows the altcoin is poised for more gains, there are some risks.

The circulating supply has grown by almost 20% since May, adding steady sell pressure that could cap gains.

Spot trading volumes have also been volatile, down sharply over the past month even as derivatives open interest increased, a combination that can fuel sudden reversals.

Regulation also looms large. Authorities in China issued warnings in August over biometric data concerns, while European regulators continue to investigate privacy risks.

Fresh pressure from watchdogs could dampen adoption and weigh on investor sentiment, even if the charts remain constructive.

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HYPE tops $50, overtakes Chainlink in the market cap list

TL;DR

  • The crypto market has begun the new week positively, with BTC trading close to $112k.
  • HYPE has overtaken Chainlink’s LINK, up nearly 8% today.

HYPE overtakes LINK on the market cap list

The cryptocurrency market is having a positive start to the week, thanks to Bitcoin and other major coins rallying higher. BTC, the leading cryptocurrency by market cap, is up 1% in the last 24 hours and is now trading at $111,800 per coin.

The positive performance also sees altcoins rallying higher, with HYPE leading the way. Ether is trading above $4,300 after adding 0.4% to its value, while XRP is approaching $3 as it is up by more than 3% in the last 24 hours.

Dogecoin’s DOGE and Hyperliquid’s HYPE are the best performers in the top 20. HYPE is up by nearly 20% in the last 24 hours, outperforming other major cryptocurrencies over the past few hours.

At press time, HYPE is trading at $50.7 after hitting the $51 mark earlier today. Thanks to this positive performance, HYPE has now surpassed Chainlink’s LINK and is now the eleventh-largest cryptocurrency by market cap.

HYPE eyes a new all-time high

HYPE is currently less than 1% away from the all-time high price of $51.04 it set 12 days ago. The coin could rally to a new all-time high in the coming hours as the trend remains bullish.

The HYPE/USD 4-hour chart is bullish and efficient, suggesting that the bulls could be gearing up for another leg up. The RSI of 73 shows that HYPE could soon enter the overbought region if the bullish trend continues. The MACD lines have also crossed into the positive region, suggesting that buyers are firmly in control.

HYPE/USD 4H Chart

If the bullish trend continues, HYPE could surge past $51 and set a new all-time high around $55 over the next few hours. An extended bullish run would see HYPE hit $60 in the coming days or weeks.

However, HYPE currently faces a rejection candle at the $51 mark. If the market undergoes a correction, HYPE could retest the $48 low over the next few hours. The support level at $46.85 should hold HYPE in the near term, unless the market sentiment turns extremely bearish.

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XRP eyes $3.0 as technicals show fading bearish momentum

Key takeaways

  • XRP is trading above $2.80 and could rally higher soon.
  • The fading bearish momentum suggests that buyers are slowly regaining control of the market.

XRP’s technical indicators show fading bearish momentum

XRP, the native coin of the Ripple blockchain, is up by less than 1% in the last 24 hours and is now trading above $2.80. The positive performance comes amid fading bearish momentum. 

It also comes as traders focus their attention on the NFP and unemployment rate data release later today. The crypto market has been bullish over the last few days, but lacked the momentum to push to new highs.

However, the interest rate decision later this month could set the tone for BTC, ETH, and XRP in the coming weeks. Ruslan Lienkha, Chief of Markets at YouHodler, stated that,

The cryptocurrency market has mirrored the broader risk-off tone. Bitcoin, after a strong first half of the year, has shown signs of weakness and is currently locked in a consolidation range. Other major altcoins, including Ethereum, Solana, and XRP, are displaying similar behavior.

XRP targets the $3.0 resistance level

The XRP/USD 4-hour chart remains bullish and efficient as XRP recovers from its recent dip. XRP found support around its daily level at $2.70 earlier this week. However, it faced a rejection on Wednesday and declined on Thursday, firmly retesting the  100-day EMA at $2.77.

The Ripple native coin has now slightly recovered and is trading at $2.84 per coin. If the $2.70 support continues to hold, XRP could extend its recovery towards the 61.8% Fibonacci retracement level at $2.99 over the next few hours or days. 

XRP/USD 4H Chart

The RSI of 52 shows that the bearish momentum is fading, with the MACD lines also around the neutral zone. For XRP to embark on a sustainable recovery, the RSI needs to stay above the 50 mark. 

However, failure to close the daily candle above $2.77 could see XRP extend its decline towards the next support at $2.70. The $2.70 support should hold, as failure to do so could see XRP hit the $2.3 support level for the first time since July.

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