Kategorie: Crypto News

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FLOKI doubles Valhalla tournament prize pool to $150K ahead of September launch

  • The meme project has doubled its prize pool for the contest to $150,000.
  • 64 winners will share the rewards, with the top walking away with $50,000.
  • The tournament will start next month, with full details expected next week.

Digital currencies flashed recovery signals today as Bitcoin rebounded from the $109K vicinity to intraday peaks above $112,300.

Amidst the volatility, the Floki team revealed a crucial announcement about its upcoming Valhalla play-to-earn tournament.

The meme project has doubled the prize pool to $150,000 for the contest, scheduled to begin in September.

It is the first competitive event within FLOKI’s Valhalla metaverse ecosystem.

According to the latest announcement:

The prize pool has been doubled to $150,000! A total of 64 winners will share this massive prize pool.

The massive prize pool will likely enhance community participation.

The platform will reward 64 participants, promising payouts even for mid-tier performers.

A metaverse tournament with massive rewards

FLOKI’s Valhalla contest promises meaningful prizes for participants.

While these events mostly reward a few top players, the dog-themed crypto project has adopted a tier payout framework.

64 winners will enjoy prizes as follows:

  • 1st position – $50,000
  • 2nd position – $20,000
  • 3rd to 4th position – $10,000 each
  • 5th to 8th position – $4,000 each
  • 9th to 16th position – $2,000 each
  • 17th to 32nd position – $1,000 each
  • 33rd – 64th position – $400 each

FLOKI has opted for an inclusive payout structure to make the tournament competitive, offering rewards even for those who will not reach the final round.

Such an approach will likely lengthen participation.

Bolstering the Valhalla momentum

The latest announcement is part of FLOKI’s effort to shed its meme image with increased utility, focusing on gaming ecosystems.

It released the immersive metaverse game Valhalla on June 30, 2025.

Meanwhile, the September Valhalla Tournament will be Floki’s first test of the game’s play-to-earn approach.

The doubled prize pool reflects its desire to gain attention from the broader crypto gaming community.

Experts believe this approach will give Floki a competitive edge as markets shift from hype-driven projects to real-world utility.

Indeed, most P2E platforms struggle to survive after initial launches.

Thus, Floki is backing its first contest with such a massive prize pool.

The potential winnings would likely attract guilds, competitive gamers, and streamers to strengthen the Floki user base.

Potential impact on FLOKI

If the content delivers massive engagement, it might fuel Valhalla’s adoption and FLOKI’s growth.

With $150K in prizes at stake, the September tournament could be a defining moment for the meme token.

FLOKI displayed optimism amidst the Valhalla news. It hovers at $0.00009701, up 3% on its daily chart.

However, the declining trading volumes reflect the prevailing broad market downturn.

The alt will likely erase its daily gains, unless buyers step in to sustain the upside.

Enthusiasts will watch how FLOKI performs in the coming sessions, especially during the September Valhalla tournament.

Crypto trader and analyst Top Gainer Today expects the alt to 10x in the coming few months.

The post FLOKI doubles Valhalla tournament prize pool to $150K ahead of September launch appeared first on CoinJournal.

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Synthetix price soars 20% amid volume spike: here’s why

  • Synthetix’s native token SNX spiked more than 20% in 24 hours to hit $0.79.
  • Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce.
  • The Synthetix network’s move to launch its perps DEX on the Ethereum mainnet has helped SNX price.

Synthetix (SNX), a decentralized futures protocol with trading support on Ethereum, has seen its price surge by 20% within the last 24 hours as Bitcoin leads a minor bounce for the crypto market.

The SNX token, which has climbed alongside notable gains for Ethereum, Solana and XRP, hit intraday highs of $0.79.

Price gains for the altcoin happened alongside a significant jump in daily volume, with bulls attempting to break above a level that has previously constrained upside momentum around $0.80.

Synthetix (SNX) pops 20% in 24 hours – here’s why

The crypto market, still reeling from recent losses, is showing early signs of recovery as buyers attempt to regain control.

Bitcoin has reclaimed the $110,000 mark after a sharp dip, while Ethereum has climbed back above $4,560, holding steady despite broader risk asset pressure.

Solana has broken past $204, and XRP is eyeing the $3.70 level, both reflecting improved sentiment.

Within this backdrop, Synthetix has surged 20%, standing out as one of the stronger performers.

The rally comes as decentralised finance tokens show renewed strength, aided by Synthetix’s recent launch of the first perpetual exchange on the Ethereum mainnet—a development seen as a key catalyst for the token’s momentum over the past week.

In the period, SNX price has jumped by double digits, helped by the rollout of pre-deposits and a chance for traders to get on the Synthetix mainnet alpha whitelist.

The launch of SLP vault, a liquidity pool offering access to liquidity across all perp markets and an opportunity to rank among the first to earn SNX points, has driven a lot of the market activity for Synthetix.

Network support for gasless trading is also a huge move for the perps DEX.

SNX price forecast

While SNX price hovers at $0.79 and eyes gains towards $1, the altcoin remains well off its all-time peak of $28.53 reached in 2021.

Synthetix has also struggled since rejecting the December 2024 peak of $3.40.

Despite this largely negative trend, analysts are seeing a short-term bullish flip for Synthetix’s price.

If SNX successfully takes out the resistance at $0.80 and $0.85, bulls could eye the $1 mark.

Synthetix chart by TradingView

Technical indicators on the daily chart support this outlook. The Relative Strength Index (RSI) is at 57, signalling potential for continuation.

Meanwhile, the Moving Average Convergence Divergence (MACD) is signalling a strengthening of upward momentum after a bullish crossover.

However, volatility remains a concern, and the $0.60 zone could offer support if bears pick up the advantage.

Traders taking profit or whale activity taking hold will be a key watch in the coming days for Synthetix, particularly after its 20% surge.

The post Synthetix price soars 20% amid volume spike: here’s why appeared first on CoinJournal.

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Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view

  • The Bitcoin Cash (BCH) price has rebounded from $533, regaining bullish momentum above key supports.
  • Whales are driving activity as retail participation stays near multi-year lows.
  • A break above $572 could open the path toward $600 and beyond.

Bitcoin Cash (BCH) has clawed back from recent lows, reigniting optimism that the cryptocurrency could soon test the $600 mark.

After sliding to $533.34 on August 26, BCH rebounded more than 3% in 24 hours, a move analysts say confirms a near-term bottom and signals momentum may be shifting back to the bulls.

Bounce restores confidence

The quick recovery followed weeks of consolidation that had dampened enthusiasm around Bitcoin Cash.

The sharp rebound suggests buyers are once again stepping in at key levels.

Technical signals point to renewed strength, with a hidden bullish divergence on the daily RSI indicating momentum buildup beneath the surface.

BCH continues to trade within a bullish ascending channel, though resistance near $572 remains a critical test.

According to market analysis, an hourly close above that barrier could confirm a breakout, potentially accelerating gains.

Retail activity mutes as whales step in

On-chain data shows that whales were in an accumulation spree during the downturn, with whale transactions worth $482 million on August 7 — the biggest spike since early July.

Notably, large holders often move ahead of rallies, and a similar wave of activity preceded a 75% surge in July.

However, activity among smaller players remains subdued.

The daily active BCH addresses hover near six-year lows at about 19,000, highlighting weak organic adoption.

This divergence suggests speculation, not retail demand, is driving current moves.

Sustained whale inflows will be key in determining whether momentum carries forward.

The key resistance and support levels in focus

Looking at the BCH price chart, the cryptocurrency must hold above $544.23 to maintain its upward bias.

In addition, a break above $569.77 could pave the way to $595.84 and even $638.56, with Fibonacci targets at $607 and $664 adding weight to the bullish case.

Sharky, a well-followed trader, believes BCH could mirror its June rally, when it surged shortly after Bitcoin.

He highlights a 74-week trend break retest that he says points to a strong long-term setup.

AltWolf, another crypto analyst, highlights the formation of a double top pattern, noting Bitcoin Cash has lost the four-hour 200 EMA and broken below a multi-month uptrend channel.

He argues it may be premature to stay bullish given the weakening structure.

According to analysts at CoinLore, losing the $544.23 support could trigger a retreat toward $527.41 with the chance of an even deeper slide that might bring the July swing low of $516 into play, threatening the broader bullish channel.

The post Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view appeared first on CoinJournal.

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Litecoin price forecast: what next as LTC drops to key support?

  • Litecoin trades near $112, just in the green on the day but at risk of fresh losses.
  • The LTC price hovers at key support level as bulls attempt to hold bears off.
  • Bullish crypto market and catalysts such as spot Litecoin exchange-traded funds could help LTC go higher.

Litecoin (LTC) is trading at $112, about 2% up in the last 24 hours, but in the red over the past week and month time frames.

Meanwhile, the 24-hour trading volume of $694 million is more than 22% down on the previous day as top altcoins look to bounce.

As LTC price drops towards the $110 level, can bulls hold onto gains or is the altcoin poised for a revisit of the psychological $100 mark and lower?

Litecoin price forecast: Is LTC set for a revisit of $90 next?

Litecoin price has broken below the middle line of an ascending channel pattern. Price at $112 suggests a broader crypto pullback could accelerate LTC’s dip to support at $100 and possibly to $90.

The technical indicators on the daily chart support a likely flip lower, with RSI and MACD giving sellers the upper hand.

Litecoin Price
Litecoin chart by TradingView

Open Interest has also dropped slightly, down to $994 million from the record highs of $1.27 billion hit recently as LTC spiked.  OI in Litecoin futures does notably remain higher than the lows of $800 million seen in early August.

A break above $120 could thus allow bulls to test the upper channel barrier near $140 and aim for the psychological $200 mark.

While the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover from mid-August and prints red histogram bars, a mixed setup has other indicators signaling potential resilience.

For instance, the Relative Strength Index (RSI) on the daily chart sits at 46, but is upsloping to suggest buyers could keep off a fresh dip towards the oversold territory.

If RSI pops above the neutral point of 50 and market conditions align, LTC could see the above scenario play out.

What could help Litecoin price higher?

Network growth, including a significant hashrate spike, suggests confidence in the proof-of-work coin.

This and market sentiment point to a scenario where bulls ride the overall crypto uptick in the coming months to drive higher.

The upcoming approval of spot ETFs, with Litecoin among those with notable high odds of a nod, add to this outlook.

In this case, the SEC’s October 2025 decisions on spot Litecoin ETFs from Grayscale, Bitwise, and CoinShares, which carry a 90% approval probability, per Bloomberg analysts, could be huge catalysts.

Experts say a SEC approval for LTC spot ETFs could drive institutional inflows of up to $500 million in Litecoin at launch, printing the trajectory that saw Bitcoin’s price rally to new highs in early 2024.

The post Litecoin price forecast: what next as LTC drops to key support? appeared first on CoinJournal.

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XRP eyes $3.7 as momentum indicators show fading bearish signs

Key takeaways

  • XRP has reclaimed the $3 mark after adding nearly 3% to its value on Tuesday.
  • The momentum indicators are showing fading bearish signs, with a bullish run expected to follow.

XRP tops $3 as broader market shows early signs of recovery

The cryptocurrency market had a poor start to the week but is now showing early signs of recovery. Bitcoin is trading above $111k after adding 1% to its value, while Ether has topped $4,600 as it is up 4%.

XRP, Ripple’s native coin, is not left behind as it has recaptured the $3 psychological level after rallying by more than 3%. The coin could rally higher in the coming hours and days as the bullish momentum continues.

This latest performance comes as CME Group revealed that its crypto futures suite has surpassed $30 billion in notional open interest for the first time. According to CME Group, the SOL and XRP futures each crossed $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months.

Institutional adoption continues to support XRP’s price, and this could push it higher over the coming days and weeks. 

XRP targets $3.7 as bullish momentum surfaces

The XRP/USD 4-hour chart remains bullish as XRP rallied by nearly 3.5% in the last 24 hours. The Ripple native coin dipped by over 5% on Monday and closed below its 61.8% Fibonacci retracement level at $2.99.

It has now recovered and is trading above the $2.99 support level. The RSI of 54 shows that the bullish momentum is growing, while the MACD lines have also crossed into the positive territory. 

XRP/USD 4H Chart

If XRP continues its recovery, it could push higher and target its next daily resistance at $3.40. An extended bullish run would allow XRP to surpass its yearly high of $3.66, with the all-time high price of $3.8 its next target. 

However, if XRP faces a correction, it could dip below $2.99 and target the next key daily support at $2.72.

The post XRP eyes $3.7 as momentum indicators show fading bearish signs appeared first on CoinJournal.