Kategorie: Crypto Analysis

Crypto majors and top meme tokens are consolidating the week’s strong gains as the bulls strive for more gains in the ensuing sessions. While most of them trade within a tight range, fresh projects like CartelFi have maintained an upward momentum. 

CartelFi, a new Defi platform, is going viral by solving an inefficiency that meme lovers have been grappling with for years. Between price rallies, the tokens lie idle. This means that for one to earn yields, they have to sell the more volatile assets like DOGE and opt for stablecoins. 

CartelFi, a new entrant in the DeFi landscape, is solving this issue by bringing yield farming to reality. Investors can now rake in hefty passive income from their meme tokens without still enjoying 100% price exposure.  

Dogecoin faces key hurdle on its path to a 7-week high 

This week’s cryptocurrency recovery has seen Dogecoin price break past a crucial resistance zone of $0.1700. However, as the meme coin trades within a tight range, bulls need to gather enough momentum to break the resistance at $0.1900 if they are to sustain the uptrend.

In the near term, the range between $0.1609 and $0.1918 will be worth watching. If successful at moving past that range, Dogecoin price will have a chance to retest its 7-week high at $0.2062.

CartelFi: The DeFi project transforming meme tokens into cash cows

CartelFi, a new entrant in the meme crypto space, is capturing the attention of crypto enthusiasts by offering them an opportunity to earn from their meme tokens without selling them. So attractive is this model that it raised over $500,000 in the first 24 hours of its presale. Less than three weeks in, that figure has surged to over $1.1 million. 

Instead of having the preferred meme coins lying idle, investors get to rake in passive income of up to 10,000% APY by single-staking the tokens. At the same time, they still get 100% price exposure; meaning that they do not lose out on the asset’s upside potential. 

The project has also introduced the concept of programmed scarcity to ensure that the token maintains an upward momentum. More specifically, up to 100% of the platform fees are used in buying and burning CartelFi tokens.  

Based on its one-of-a-kind infrastructure, CarteFi stands out as a sustainable investment opportunity. Besides, even before hitting the mainstream in Q3, savvy investors get to earn heftily from its presale.

Structured into 30 stages, the token price increases by 5% at the end of each stage. At its current price of $0.037, early adopters have an irresistible opportunity earn big during the presale and rake in even more gains once the CARTFI token is listed on public markets. Hurry up and buy CartelFi here.

Ethereum price consolidates gains as greed level eases 

Ethereum price has held steady above $1,700 since rebounding above it earlier in the week. However, as the greed level eases from the previous session’s 72 to 63, the altcoin appears to have entered a consolidation phase. While its market cap has increased by 2.51% over the past 24 hours, its trading volume has dropped by 25.19% during the same timeframe. A decline in volume usually indicates waning demand. 

In the ensuing sessions, I expect Ethereum price to continue enjoying steady support along the middle Bollinger band at $1,619. On the upside, it may hover around the upper Bollinger band as the bulls strive to break the resistance at $1,834. If successful, the next target will be at $1,939.

The post Dogecoin and Ethereum analysis as CartelFi gains momentum appeared first on CoinJournal.

• 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.

 

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