Kategorie: Crypto Markets

• VeChain is teaming up with BitGo to bolster real-world adoption in its ecosystem.
• BitGo’s integration brings regulated custody and operational expertise to VeChain’s ecosystem, said aid Chen Fang, chief revenue officer at BitGo.
• VET price hovered around $0.0249 at the time of writing, with a potential to retest $0.05 amid upside momentum.

VeChain has announced a key partnership with BitGo, one of the leading digital asset custody and staking providers, in an effort aimed at bolstering real-world adoption on the VeChain network.

The partnership adds to recent traction for VeChainThor, which is poised to capitalize on BitGo’s expertise for a foothold in the rapidly expanding decentralized finance, tokenized assets and real-world utility market.

VET, the native VeChain token, rose slightly amid the news, although profit taking after recent upside momentum meant bears remain within striking distance.

VeChain joins forces with BitGo

In an announcement shared via X, VeChain said it was partnering with BitGo to leverage its infrastructure and expertise to boost its ecosystem.

Integration with BitGo is a major step for VeChain as it brings regulated custodian products to the blockchain platform.

This is set to open up VeChainThor and the VeBetter ecosystems to new opportunities, including in the rollout of institution-grade tokenized products and node/staking services.

VeChain will also benefit from custody solutions, with hot and cold wallet support offering advanced multi-sig and key segregation features available.

BitGo’s custodial services are also backed by regulated industry entities and benefit from an insurance coverage of up to $250 million.

“Institutional adoption depends on secure, scalable infrastructure,” said Chen Fang, chief revenue officer at BitGo. “BitGo is proud to bring regulated custody and operational expertise to VeChain’s ecosystem, supporting the next generation of tokenized products alongside other leaders currently entering their ecosystem.”

VeChain will tap into the same infrastructure and tools integrated by more than 2,000 clients across 90 countries.

Some of the household names leveraging BitGo’s suite of solutions include heavyweights Nike and SoFi.

“With financial institutions exploring blockchain with increasing fervour, VeChain, thanks to BitGo, can confidently meet their stringent needs, opening new avenues to collaborators that share our vision of a future powered by tokenization, RWA, and Web3,” VeChain wrote.

VET price outlook

Like in many other bullish announcements, this news has sparked optimism among VET holders. The potential for an upside flip for VeChain’s native token was signaled with the token’s rise to highs of $0.0255.

VET currently trades at $0.0249, with technicals suggesting a potential surge to highs of $0.05.

This outlook aligns with a breakout from consolidation at current levels, with BitGo and other integrations likely catalysts.

On the flipside, VET could dip to support around $0.024 before staging a rebound amid broader market momentum.

The post VET price outlook as VeChain teams up with BitGo appeared first on CoinJournal.

• SPX6900 hit a new ATH at $2.27 before pulling back slightly.
• Futures data shows strong bullish sentiment and capital inflow.
• Rising netflows and lower SFR hint at possible short-term pressure.

The SPX6900 memecoin has captured market attention once again after surging to a fresh all-time high (ATH) of $2.27.

However, despite the euphoric rally, the coin has since pulled back slightly, raising new questions about whether SPX can sustain its bullish momentum or if the recent surge was simply a short-term spike fueled by speculative frenzy.

SPX’s rally to $2.27 was fueled by futures frenzy

The explosive move to $2.27 began when SPX decisively broke past the $2.05 resistance level.

That breakout set off a chain reaction across spot and derivatives markets. At its peak, the coin gained over 12% in a single day, pushing its market cap to an eye-popping $2.1 billion.

Simultaneously, trading volume spiked by 134%, reaching $119 million. This influx of capital was accompanied by a surge in futures activity.

In addition, the token’s open interest climbed 17.97%, hitting $276 million, while derivatives volume jumped to $412 million.

These increases often signal that more capital is entering the market, with traders taking on leveraged positions to ride the momentum.

Moreover, funding rates have remained in positive territory throughout the rally, currently hovering around 0.022 with projections pointing toward 0.041.

A positive funding rate usually indicates that long positions are in high demand, which aligns with the current Long/Short Ratio of 1.08.

These signs suggest that the majority of traders are still betting on more upside.

Profit takers have begun exiting

As expected, the rally triggered a wave of profit-taking among early holders. This was evidenced by two consecutive days of positive netflows, with the most recent reading hitting $1 million — nearly double the previous day.

A rising netflow typically signals that more tokens are moving to exchanges, often ahead of a planned sell-off.

At the same time, SPX’s Stock-to-Flow Ratio (SFR) fell sharply from 7,200 to just 77. This steep decline points to reduced scarcity, which may put downward pressure on price in the near term.

Historically, sharp drops in SFR have preceded corrections in price, especially when accompanied by elevated netflows.

Technical indicators remain bullish

Despite the increasing signs of distribution, technical indicators still paint a bullish picture.

The Relative Strength Index (RSI) initially climbed to 71 before starting to drop to around 63.62 at press time as the market’s overbought condition eased.

At the same time, the Chaikin Money Flow (CMF), which at press time had dropped to -0.01, has remained positive over the past few days, indicating continued buyer strength.

Rising RSI and CMF typically suggest that market participants are confident.

However, with more SPX tokens appearing on exchanges, buyers will need to absorb additional supply to sustain the current trend.

If bullish momentum holds, SPX6900 could set its sights on the $2.50 mark in the short term.

On the other hand, if profit-taking intensifies and buyers lose control, the price of SPX6900  (SPX) could retrace to the $1.93 support zone.

The post SPX coin price forecast as SPX6900 retracts after hitting new ATH appeared first on CoinJournal.

• BPENGU is more than just another meme token.
• Bitcoin Penguins (BPENGU) raised a jaw-dropping $187,000 within the first 90 seconds of its presale going live.
• Community chatter is already comparing BPENGU’s potential to early-stage meme legends.

While Bitcoin continues to trade near its all-time high, one penguin-powered project is cutting through the noise and marching past expectations.

Bitcoin Penguins (BPENGU) raised a jaw-dropping $187,000 within the first 90 seconds of its presale going live.

Just 24 hours later, that number surged past $1 million, and momentum isn’t slowing.

With the presale still in motion, some are already predicting that the $10 million hard cap could be reached well before the scheduled August 27 close.

For investors tracking the next breakout in meme coins, BPENGU is fast becoming the meme coin to watch.

ETF inflows point to confidence

Despite the current lack of major price movement in Bitcoin, investor sentiment appears strong.

US-listed spot Bitcoin ETFs brought in $157 million in inflows on Monday alone, marking a three-day streak of accumulation.

That’s a clear sign that confidence in Bitcoin — and by extension, Bitcoin-native projects — is building.

Add in the looming volatility expected from the upcoming US tariff deadline and Fed rate decision, and crypto markets may be gearing up for a major move.

BPENGU, with its high-velocity start, looks well-positioned to ride that wave.

Structure meets story

BPENGU is more than just another meme token.

 It’s being marketed as a next-generation answer to Pudgy Penguins, but with one key twist: it’s built on the Bitcoin network, not Ethereum.

That infrastructure gives it added weight — and so does its highly structured 15-stage presale, where the price increases by 5% at each stage.

Early buyers are eligible for up to 75% in notional gains before the token even lists.

No open-ended promises here. The project’s presale ends August 27 (or when the $10 million cap is reached), and it has a confirmed claim and listing date of September 2 — a level of transparency and commitment that most meme coins simply don’t offer.

A 1000x opportunity?

Community chatter is already comparing BPENGU’s potential to early-stage meme legends.

With clear branding, a viral-friendly mascot, and Bitcoin-native credibility, some believe this could be a 1000x moonshot, echoing the likes of PEPE and PENGU in their breakout phases.

As the presale races ahead, Bitcoin Penguins has captured the imagination of investors chasing the next meme-powered rocket.

The post $1M in 24 hours: why BPENGU is the new meme coin grabbing eyeballs appeared first on CoinJournal.

• The price of VINE cryptocurrency spiked after Elon Musk teased a Vine AI relaunch.
• The momentum, however, faded as the price failed to hold above key resistance.
• Without utility, VINE relies on hype to sustain its rally.

In yet another example of Elon Musk’s uncanny ability to move markets with a single tweet, Vine Coin (VINE), a meme token on the Solana blockchain, saw its price more than double within hours on July 24, 2025.

The trigger was a brief but powerful message from Musk: “We’re bringing back Vine, but in AI form.”

We’re bringing back Vine, but in AI form

— Elon Musk (@elonmusk) July 24, 2025

That simple announcement catapulted VINE back into the spotlight and sent traders scrambling.

But as the hype begins to cool, serious questions are emerging. Can VINE maintain its bullish momentum, or was this just another fleeting rally powered by social media hype?

Musk’s Tweet lit the fuse, speculation fueled the flame

Notably, Musk’s post didn’t mention any cryptocurrency, yet it instantly sent VINE soaring.

The connection was speculative at best, but in the meme coin world, that’s often all it takes.

Within hours, the token’s market cap doubled, and trading volume surged past $240 million.

Social media exploded with mentions of #VineCoin, while Telegram groups and crypto X (formerly Twitter) fed the narrative that VINE could somehow be tied to a revived version of the Vine app.

However, it’s important to note that VINE has no official affiliation with Musk or X. The token was created in January 2025 by Rus Yusupov, one of Vine’s original co-founders.

Unlike other blockchain projects, VINE comes with no roadmap, no promise of future integration, and no token utility.

What it does have is nostalgia, narrative potential, and a fast-moving, speculation-driven community.

Vine price correction signals caution

At the peak of the Musk-driven frenzy, VINE hit $0.1765 before quickly retracing to around $0.1351 and later slightly recovering to $0.1402 by the time of writing.

While the rally was impressive, the failure to hold above the key resistance above $0.1765 signalled a lack of sustained buying pressure.

Technical indicators soon confirmed the shift.

The Chaikin Money Flow (CMF) dropped below zero, indicating fading inflows, while the Awesome Oscillator (AO) began flashing red, pointing to weakening bullish momentum.

Elevated trading volume during the pullback added another layer of concern. When volume remains high while prices fall, it often signals increasing selling pressure rather than a healthy consolidation.

Although some traders are still hopeful for a bounce, if support at $0.14 fails, the next downside targets could be $0.070 and even $0.051.

On the other hand, if bulls regain control, VINE could push toward its all-time high of $0.02358, registered in March this year.

However, without concrete steps toward utility or ecosystem development, meme coins like VINE often struggle to maintain gains.

While the excitement around a possible Vine AI relaunch gave traders a reason to speculate, it’s unclear whether that will translate into long-term value for the token itself.

What separates fleeting fads from sustained growth is the ability to convert attention into utility.

At this stage, VINE lacks the fundamentals to do that, and unless that changes, it remains at the mercy of online sentiment and celebrity influence.

The post Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look appeared first on CoinJournal.

• Dogecoin continues to drop despite Musk’s tweet supporting it over other cryptos.
• Key support at $0.2220 with risks of a further drop if the support does not hold.
• Recovery is possible if DOGE breaks $0.2350 resistance.

Dogecoin (DOGE), the popular meme-based cryptocurrency, has once again found itself at the centre of the crypto spotlight.

This time, however, not even Elon Musk’s vocal support seems enough to stop its current price dip.

Despite Musk’s latest remarks affirming his fondness for Dogecoin, saying “I like dogs and memes” while dismissing other cryptocurrencies, DOGE continued its downward trend, dropping 6% today.

ELON MUSK: “I’m not going to be promoting crypto, at most, in a joking way. If you see me pumping crypto, it’s not me. I do think there’s merit in Bitcoin. I’ve sort of got a soft spot for Dogecoin because I like dogs and memes.“ pic.twitter.com/UodntUe0Ad

— DogeDesigner (@cb_doge) July 25, 2025

Dogecoin price continues to slide bullish technical patterns

Dogecoin had surged an impressive 38% over the past month, buoyed by strong technical patterns and massive whale accumulation.

Earlier, a popular analyst had identified a Livermore Cylinder pattern on the charts, a formation often associated with parabolic rallies.

This pattern led many to believe DOGE could break through resistance levels and potentially reach $1.50 in the coming months.

#DOGE is trading inside a textbook Livermore Cylinder!

Essentially a Bullish Megaphone, this pattern was invented by Jesse Livermore to point out the Accumulation Phase of an asset inside a Cylinder before it breaks to the upside aggressively.

If that’s indeed the case for… pic.twitter.com/5ygeOnxd9l

— TradingShot (@TradingShot) July 23, 2025

Moreover, on-chain data shows that over $250 million worth of DOGE was scooped up by large holders in just 48 hours.

Trading volume has also spiked by 77%, indicating heightened interest and aggressive buying pressure.

These developments signalled to many that a significant breakout was on the horizon.

However, following a recent decline from the $0.250 mark, Dogecoin began to underperform compared to Bitcoin and Ethereum.

The memecoin has dropped below several support zones, and now trades under both the $0.2320 level and its 100-hourly simple moving average, leaving many traders cautious.

Bear pressure mounts

Technically, Dogecoin is now facing resistance at $0.2280 and $0.2350.

A bearish trend line has formed on the hourly chart, suggesting further downward pressure unless bulls reclaim these critical levels.

In addition, the hourly MACD is gaining strength in the red zone, while the Relative Strength Index (RSI) remains below the neutral 50 level.

A key support has formed at $0.2220, and a drop below this could expose DOGE to further declines toward $0.2120 and possibly even $0.2054.

If DOGE breaks below the $0.2054 level, the next downside targets could be $0.1980 or $0.1947, according to CoinLore. Momentum indicators also reflect this bearish turn.

Nevertheless, there is still a chance for a recovery. If Dogecoin climbs above $0.2280 and sustains a move past $0.2350, it could attempt to retest the $0.250 level.

A strong close above $0.2420 might shift momentum back in favour of the bulls.

The post Elon Musk’s Dogecoin tweet fails to stop the decline: can DOGE recover? appeared first on CoinJournal.