Kategorie: Crypto News

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POL eyes 95% surge as Polygon’s stablecoin supply hits 3-year highs

  • The project’s stablecoin supply has crossed $2.76 billion.
  • The metric has hovered beneath this level since 2021.
  • A falling wedge pattern suggests POL rallies to $0.50.

Digital tokens remained elevated on Monday as most assets exhibited bullish structures after the latest rallies.

Polygon, which has displayed stability since its Heimdall v2 upgrade on 10 July, is in the spotlight again.

The Polygon PoS saw its stablecoin supply recovering past $2.76 billion over the weekend, touching levels not seen since the 2021 bull run (according to CEO Sandeep Nailwal).

The prevailing bull run and the latest crypto bills’ approval in the United States fuel this stablecoin growth.

Stablecoins gain traction after Donald Trump signed the GENIUS Act into law.

These assets are vital for the markets’ stability as they peg real-world assets like fiat.

Increased stablecoins entering the Polygon network indicate growing trust in the project, with users betting on potential upticks in ecosystem growth, NFT trading, and DeFi activity.

Such developments have renewed interest in native POL, the new coin replacing MATIC.

The alt has formed a bullish reversal pattern after extended dips since March.

Overcoming the $0.42 – $0.45 resistance could propel POL toward the obstacle at $0.50.

That would translate to a 95.38% increase from the digital currency’s market price of $0.2559.

Network activity confirms trend shifts

Stronger fundamentals support Polygon’s bullish trajectory.

It has topped charts in the last few months, consistently ranked as:

  • The top three in bridged inflows
  • The top two in NFT trading volume
  • The top three in daily transactions
  • 150b+ in stablecoin volumes
  • The top two in daily active users on several days.

These stats reflect Polygon’s competitiveness in the hot Ethereum-scaling and L2 landscape.

The impressive growth suggests that Polygon remains a perfect choice for traders, institutions, and developers.

With many sectors, including NFTs, DeFi, gaming projects, and real-world assets (RWA) heating up amid the materialising bull run, Polygon might see further stablecoin surges.

POL price outlook: Is $1 next?

The alt trades at $0.2559 after gaining over 5% in the past 24 hours (CoinMarketCap).

It has rallied from June lows of $0.1666, and the 60% surge in daily trading volume suggests further gains for POL.

Technical indicators back the bullish case. A textbook falling wedge is emerging on the weekly charts.

This classic formation often welcomes massive breakouts once confirmed.

Falling wedge patterns trap sidelined cautious buyers and short-sellers before robust gains.

With the prevailing broad market optimism, Polygon bulls will target the key resistance at $0.50, a 95% upswing from POL’s market price of $0.2559.

The soaring stablecoin supply hints at stable gains for the digital currency.

Overcoming $0.50 could catalyse surges to $0.90 before exploding toward the psychological mark at $1.

Cryptocurrencies appear ripe for extended gains as bulls dominate amid shifting trends and increased institutional appetite.

The post POL eyes 95% surge as Polygon’s stablecoin supply hits 3-year highs appeared first on CoinJournal.

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DOGE leads the market charge, eyes the $0.30 high

Key takeaways

  • Dogecoin is the best performer among the top 10 cryptocurrencies by market cap.
  • The coin could rally towards the $0.30 mark after hitting $0.25 a few hours ago.

DOGE leads the market charge

DOGE, the native coin of the Dogecoin blockchain, is the best performer among the top 10 cryptocurrencies by market cap. The coin added over 8% to its value in the last 24 hours and now trades at $0.2730 per coin.

The positive performance comes as the broader crypto market starts another week in a bullish mode. Memecoins have outperformed other narratives over the last few days, and the trend continues this week.

Other leading memecoins, including Shiba Inu (SHIB), Pudgy Penguins (PENGU), Flocki, Jasmy, TRUMP, and PEPE, are all in the green, with most of them recording double-digit percentages in gains.

DOGE targets $0.30 as bullish pattern forms

The DOGE/USD 4-hour chart is bullish but inefficient, suggesting that the coin could drop lower soon before rallying higher. The technical indicators are bullish, indicating a strong buying bias for the memecoin.

The RSI of 75 shows that DOGE is currently heading into the overbought region while the MACD lines are within the positive territory, highlighting the strong bullish bias. The daily chart shows that DOGE broke out cleanly above a long-term downtrend and closed above all major EMAs, including the 200 EMA at $0.204. The breakout confirms the shift in trend bias.

DOGE/USD 4H Chart

The Bull Market Support Band between $0.1839 and $0.2024 now serves as a strong support for Dogecoin. The pair’s Parabolic SAR has also flipped bullish and remains below price, serving as added confirmation to the bullish trend direction. 

If the bullish momentum holds, DOGE would rally towards the FVG at $0.30 before hitting the next resistance level at $0.34. An extended bullish run would allow DOGE to test the $0.38 resistance level for the first time since January 22.

However, in the event of a correction, DOGE could retest the ILQ at $0.25064 in the coming hours. An extended bearish run could see DOGE drop to the Transactional Liquidity (TLQ) level above $0.230.

The post DOGE leads the market charge, eyes the $0.30 high appeared first on CoinJournal.

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CFX price explodes 100% amid news from a major Conflux conference

  • Conflux price jumps more than 100% to lead top 100 coins by market cap as Ethereum eyes $4,000.
  • An altcoin rally has buoyed top coins like XRP, Solana and BNB.
  • News from a network conference in Shanghai, mainly that Conflux 3.0 is coming, has buoyed CFX bulls.

Conflux (CFX) is trending as the top gainer in the 100 largest coins by market cap in the past 24 hours, with its price up an impressive 116%.

CFX traded to highs of $0.24, a multi-month peak that has bulls eyeing a major breakout.

This rally for the 81st-ranked altcoin comes amid a broader bullish flip for top cryptocurrencies, with Ethereum leading the charge as Bitcoin takes a breather.

Part of CFX’s uptick is down to a major news announcement around Conflux 3.0, an upgrade expected to go live this August.

Conflux 3.0 announcement triggers triple-digit uptick for CFX

As noted, CFX ticked up by more than 100% as the Conflux price reacted to a major news announcement.

This announcement came at the Conflux Technology & Ecosystem Conference 2025 in Shanghai, held between July 18 and 20.

Among the key highlights of the summit was an announcement by Dr. Guang Yang, the chief technology officer of Conflux.

Yang noted that the upgrade that rolls in the Conflux 3.0 Architecture will activate in August.

Positive market reaction saw the altcoin post gains as mega cap cryptocurrencies edged up alongside Ethereum’s pump and XRP’s push for a new all-time high.

Solana was also looking to break towards $200.

The historic passage and signing into law of the GENIUS Act have contributed to this rally in cryptocurrencies.

It’s likely the same reason Conflux, a layer-1 blockchain designed to transform stablecoin and payment infrastructure for consumer payments, has skyrocketed in the past two days.

For Conflux, this overall bullish picture for altcoins has combined with network-specific news to catalyse the bulls’ march to highs last seen in mid-December 2024.

Daily volume rose by more than 1050% to over $1.74 billion, while the CFX market cap climbed to over $1.13 billion.

Conflux price outlook

The price of Conflux has indeed jumped by 116% in the past 7 days, extending gains to 204% in the past month.

Bulls have given up some of the gains seen when Conflux price jumped to intraday highs of $0.24.

Conflux price chart by CoinMarketCap

The bullish uptick has put CFX above the key supply zone around $0.18.

It means a break above $0.30 could bring the $0.55 peak reached in March 2024 into play.

A run to $1 or higher in the short term is likely if altcoin season is on.

However, profit-taking may result in a revisit of key previous support levels, including $0.14 and $0.10.

At the current price of $0.22, CFX is more than 900% up on its value of $0.021 that bears reached in January 2023.

The Conflux token hit its all-time high above $1.70 in March 2021.

The post CFX price explodes 100% amid news from a major Conflux conference appeared first on CoinJournal.

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XRP price soars 24% last week: what’s next for the Ripple token?

  • XRP rallies 24% on SEC approval of XRP-linked ETFs from ProShares and Grayscale.
  • Volume explodes with over 182 million tokens traded, signaling strong institutional and retail demand.
  • Breakout above $3.20 clears long-term resistance, unlocking upside targets up to $6.50.

XRP took the crypto market by surprise last week, jumping nearly 24% and hitting new all-time high levels. 

The token climbed to $3.27 and briefly spiked to $3.64 during intraday trading, marking a big breakout after months of stagnation.

The rally seems to have been sparked by a mix of factors: buzz around newly approved ETFs, fresh interest from big institutional players, and solid technical momentum.

All of it played out against the backdrop of an overall bullish mood in the crypto space, giving XRP the fuel it needed to take off.

What drove XRP price rally?

ETFs became one of the big reasons behind XRP’s breakout. After years of waiting, July saw the SEC finally approve several XRP-linked exchange-traded funds, ProShares and Grayscale among them.

That opened the door for serious money to get involved. Once those products started trading on US exchanges, the floodgates opened.

XRP volumes exploded, with more than 182 million tokens changing hands at one point. It wasn’t just hype; there was real buying from both institutions and retail investors jumping at the new access.

Adding to the momentum, Grayscale brought XRP back into its Digital Large Cap Fund, the first time since the regulatory fog started to clear.

It’s a signal that Wall Street is getting more comfortable with XRP’s legal standing.

At the same time, Ripple’s push to secure a US bank charter is giving investors more confidence that the company and its token are moving toward firmer regulatory footing.

Key technicals 

XRP didn’t just make headlines last week; it made a real move. After years of going sideways, it finally broke through stubborn resistance around $3.05 and $3.20, levels that traders had been watching forever.

That breakout also cleared the top of a massive symmetrical triangle that’s been in play since 2018.

With that technical lid off, some chart watchers are now floating price targets in the $4.70 to $6.50 range, though, as always, it’ll depend on whether the momentum sticks around.

Behind the scenes, big players seem to be piling in.

Wallets holding over a million XRP have hit record highs, a strong sign of large-scale accumulation.

Meanwhile, perpetual futures open interest has ballooned to an all-time high of $8.8 billion, roughly 2.9 billion XRP worth of leveraged bets, hinting at a surge in activity from both speculators and pro traders managing risk.

What’s next? 

Most analysts think XRP’s rally still has room to run, assuming ETF inflows keep coming and there aren’t any surprise moves from regulators.

In the short term, traders are watching the $3.40 to $3.60 range, with $4 looming as the next big hurdle, both technically and psychologically.

If momentum holds and Ripple keeps chalking up regulatory wins, some are eyeing a push toward $4.50, maybe even $6, in the next few months.

That said, it’s not all blue skies. If XRP slips back below $3.00, it could trigger a pullback toward the $2.80–$2.90 zone, especially if the broader crypto market cools off or headlines take a bearish turn.

Still, with a shot at a new all-time high and its market cap approaching the $200 billion mark, XRP looks set to remain one of the top stories heading into Q4.

 

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Ethereum bull run just starting, analyst says as whale scoops $70m ETH

  • Whale buy Ethereum amid strong buying pressure.
  • Institutional adoption continues with SharpLink Gaming’s massive purchases.
  • Analysts predict ETH could explode amid numerous catalysts.

Ethereum, the second-largest cryptocurrency by market capitalization, is eyeing a major breakout as price hovers above the $3,500 mark.

Part of the bullish outlook is down to on-chain activity, with data showing a massive wave of whale accumulation.

The accumulation adds to the growing institutional demand for the top coin, with SharpLink Gaming’s recent purchases a significant one.

ETH whale accelerate accumulation

The latest on-chain activity paints a picture of aggressive accumulation by whale 0x9684, a pattern that has intensified over the past seven days.

According to data shared by Lookonchain on X, this entity has consistently withdrawn significant ETH stashes from FalconX, with the most recent pull amounting to 19,550 ETH just five minutes before the post.

This brings the whale’s total withdrawal to an eye-watering 122,691 ETH, valued at $443.68 million at current prices.

Such moves suggest a strategic shift toward holding, potentially for staking or long-term investment.

Whale moves and the accumulation seen in recent weeks align with broader trends across the corporate world.

One of the biggest players today in this sector is SharpLink Gaming, a Nasdaq-listed firm that recently bolstered its ETH treasury to 280,706 ETH.

That’s about $840 million of Ether buys, which have come after the company raised $413 million through a share issuance.

The firm’s overtaking of the Ethereum Foundation as the largest corporate ETH holder further amplifies the narrative of institutional confidence, reducing short-term sell pressure and fueling market optimism.

Ethereum price prediction

Ethereum’s price crossing above $3,500 is crucial. For a long time, the altcoin remained lodged below $2,500 and found breaking above $3k a tall order.

But with price retesting highs near $3,700, analysts say the bull run may just be starting.

According to crypto analyst Michael van de Poppe, spot exchange-traded funds inflows, regulatory shifts, and other catalysts could propel ETH to astronomical heights.

“The $ETH ETF inflow combined with the approval of the Stablecoin Bill provides a whole new thesis surrounding the Ethereum ecosystem,” the analyst noted. “The biggest inflows in history on the ETF, outperforming $BTC inflow. This bull market is getting started.”

Ethereum price reached its all-time high above $4,800 in November 2021. While it could explode to this level or higher in the short term, van de Poppe says investors may want to be ready for corrections.

“The reason why I’m saying that you need to be ready for deep corrections; $ETH is $1,000 up in just a week, so it’s a little overextended to the upside. A slight correction isn’t bad, it’s healthy and we’re rebuilding stamina for the next leg up.”

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