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Playnance plans to list utility token G Coin on March 18

  • Playnance to launch G Coin on March 18.
  • Token enters market with 200,000 holders and $38M estimated valuation.
  • Ecosystem processes millions of daily interactions across gaming, sports, and prediction markets.

Playnance, a Web3 infrastructure company focused on blockchain-based digital entertainment platforms, is preparing to launch G Coin, the utility token powering activity across its ecosystem of on-chain gaming, prediction markets, and interactive financial platforms, on March 18.

Unlike many token launches that occur before meaningful product adoption, G Coin enters the market as part of an already active ecosystem.

According to Playnance’s public tracker, the token currently has more than 200,000 holders, with about 13 billion G Coin distributed during the presale phase and an estimated market capitalisation of around $38 million ahead of its Token Generation Event.

G Coin serves as the unified economic layer of the Playnance ecosystem, enabling gameplay activity, predictions, settlements, rewards, and other forms of participation across the network’s platforms. “On March 18, G Coin will enter the market with real adoption already in place,” said Pini Peter, CEO of Playnance.

“With more than 200,000 holders and millions of daily on-chain interactions, G Coin introduces a usage-driven token economy designed to grow alongside its expanding global community. There are many other surprises on the way to take the entertainment world to the next level. Stay tuned.”

The token runs on PlayBlock, Playnance’s blockchain infrastructure designed to support fast, gasless interactions while maintaining non-custodial ownership and on-chain transparency.

The wider Playnance ecosystem operates at scale across multiple digital entertainment platforms.

Its infrastructure supports more than 300,000 registered accounts, integrates with over 30 game studios, and hosts more than 10,000 on-chain games.

Across the network, platforms process roughly 2 million on-chain transactions daily and enable interaction with over 2.5 million sports events annually.

Together, these systems create a high-volume on-chain environment where millions of daily interactions across gaming, sports, and financial prediction markets are powered by G Coin.

Recent developments across the ecosystem point to continued activity growth ahead of the token launch.

Earlier this year, Playnance reported that its “Be The Boss” partner program had surpassed $2 million in real cash payouts, while the broader ecosystem generated more than $5.3 million in total revenue.

G Coin operates under a fixed supply model capped at 77 billion tokens, with no future minting.

Circulating supply is managed through a structured lock-and-release system.

Tokens lost through gameplay are locked for 12 months before returning to circulation according to their original loss date.

Unsold tokens from the Token Generation Event are subject to a 12-month cliff followed by a 24-month linear vesting schedule.

With the launch of G Coin, Playnance aims to formalize the economic layer supporting its digital entertainment infrastructure, linking gameplay, sports events, prediction markets, and partner platforms within a unified on-chain ecosystem.

The post Playnance plans to list utility token G Coin on March 18 appeared first on CoinJournal.

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Hyperliquid price prediction: can HYPE hit a new ATH after $38 break?

  • Hyperliquid price rose to  its highest level in over a month as it touched $38.08.
  • The HYPE is up amid increased trading activity as open interest jumps to over $1.56 billion.
  • Technical indicators on the daily chart suggest a bullish continuation.

The Hyperliquid token climbed to a five-week high above $38 on Thursday, as renewed buying momentum strengthened the bullish push toward a potential new all-time high.

Although HYPE had pulled back slightly from its intraday peak at the time of writing, the token was still up 17% over the past week and about 48% year-to-date.

The price move was accompanied by a sharp rise in trading activity, with 24-hour volume jumping 43% to more than $464 million.

The platform’s native token gained traction as Bitcoin held near the $70,000 level, while major altcoins also approached key technical levels.

What’s driving the HYPE price up?

Bitcoin’s rally above $70,000 following Wednesday’s CPI data helped lift sentiment across the broader crypto market, even as geopolitical tensions continued to escalate.

Gains among major altcoins also provided momentum for smaller tokens such as Hyperliquid.

However, HYPE appears particularly well positioned for a potential breakout as trading activity in the energy sector intensifies amid the escalating U.S.–Israel conflict with Iran.

Data from Coinglass shows that Hyperliquid’s open interest rose from $1.18 billion to more than $1.56 billion, marking a 32% increase between March 6 and March 12, 2026.

Much of this activity has been driven by traders entering futures positions as oil prices surged. Crude briefly climbed toward $120 before pulling back.

Even after the retreat, prices remain above $100, as the Strait of Hormuz blockade continues to disrupt a key global shipping route, with Iranian leaders insisting the waterway should remain closed.

As Bloomberg recently reported, trading activity on Hyperliquid has surged under these conditions, with futures volume reaching about $2.2 billion in the past 24 hours.

At the same time, the platform’s stablecoin market capitalization increased nearly 3% to $4.76 billion.

Hyperliquid price: Is a new ATH next?

HYPE is currently trading at its highest level since February 3, 2026.

A similar price zone was last tested in November 2025, when bullish momentum weakened and the token failed to maintain support.

The latest retest raises the question of whether Hyperliquid could be setting up for a fresh push toward a new all-time high. If the current momentum continues, bulls may increasingly target that milestone in the near term.

Meanwhile, crypto investor Arthur Hayes has projected a much more aggressive outlook, suggesting that HYPE could climb to $150 by August 2026, driven by strong platform growth and token buyback dynamics.

HYPE price short-term technical outlook

On the daily chart, Hyperliquid has formed a golden cross, with the 50-day SMA moving above the 100-day SMA, a signal that typically points to strengthening bullish momentum.

The token has also broken out of an ascending triangle, a pattern often associated with continuation of an upward trend.

Meanwhile, the daily RSI remains above 66, suggesting strong buying momentum while still leaving room before entering overbought territory.

At the same time, the MACD indicator shows expanding histogram bars following a bullish crossover, reinforcing the positive momentum in the near term.

Hyperliquid Price Chart
Hyperliquid price chart by TradingView

From a technical standpoint, the first resistance lies in the $38–$42 range, followed by a stronger barrier around $48–$50.

A decisive close above $38 could open the door for a move toward these levels, with the all-time high above $59 emerging as a potential target if bullish momentum strengthens.

On the downside, if broader market weakness triggers a pullback, initial support is likely near $33.

A deeper correction could bring the 50-day SMA around $30 and the 100-day SMA near $28 into focus as key demand zones.

The post Hyperliquid price prediction: can HYPE hit a new ATH after $38 break? appeared first on CoinJournal.

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Ethereum price forecast: bulls hold $2K support amid CEX outflows

  • Ethereum price hovered just above $2,000 as whales moved ETH off exchanges.
  • Large holder activity sees Ethereum exchange balances fall by over 74,000 ETH this week.
  • Bulls could eye $2,188 and potentially $2,600 amid a technical breakout.

Ethereum’s price is holding near the $2,000 level, with bulls eyeing fresh moves above what many analysts see as a crucial psychological level.

The top altcoin traded within a tight range on Thursday, as Bitcoin showed resilience near $70,000.

However, ETH could test recent highs above the level, with whales signaling fresh confidence through notable exchange withdrawals.

ETH whales move coins off exchanges

Details shared by the smartmoney on-chain platform Lookonchain on March 12 indicate that Ethereum whale activity is picking up new momentum.

The Lookonchain X account spotlighted two of these large holder moves, with a newly created wallet address withdrawing 11,629 ETH worth about $23.7 million from Binance.

This transfer is critical as fresh wallets signal new entrants positioning for long-term appreciation.

Notably, Lookonchain also spotted a 63,324 ETH transfer by the whale address 0x8E34. According to the details, this bullish move, worth about $131.2 million, was from the crypto exchange Kraken.

What does this mean?

Whale activity had recently subsided as bears threatened to annihilate bulls amid the Iran war.

However, with analysts projecting a likely scenario where crypto rallies in the coming months, exchange outflows are on the rise again.

The two whales have, for instance, moved over 74,950 ETH worth roughly $155 million from centralised exchanges.

Such large-scale shifts can reduce sell-side pressure as fewer coins are available on CEXs compared to historical averages. This relates to an indicator called the scarcity index, which, as the data shows, has shifted positively.

The upbeat outlook for the altcoin comes as Ethereum spot exchange-traded funds recorded a second consecutive day of net inflows with over $57 million on March 11, 2026.

Net inflows increased from $12.6 million on Tuesday, ending a three-day outflow streak.

US spot ETH ETFs are also on track for another week of positive flows, with ETH price holding near the $2,000 level through this period.

Ethereum price analysis

Bulls have struggled since losing the $3,000 mark earlier in the year, and at current levels, hover about 30% down year-to-date.

Macro and geopolitical headwinds have largely allowed bears to dominate. If BTC sinks amid the Iran war sentiment, Ethereum would likely plummet alongside it.

Yet, despite overall sentiment, prices have held within the $1,800-$2,100 range in recent weeks, and $2,000 has emerged as a key short-term pivot mark.

ETH presents a bullish outlook amid its consolidation around this level, with on-chain metrics such as stablecoin inflows, ETFs, and declining exchange reserves pointing to a potential uptick.

Meanwhile, technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence strengthen this perspective.

The daily chart shows the RSI hovers near 50, neutral but trending upward. The MACD boasts a bullish outlook with the histogram bars green and expanding.

Ethereum Price
Ethereum price chart by TradingView

If prices climb to the channel resistance, bulls may test the 50-day moving average at $2,188. The 100-day moving average provides a dynamic supply wall just above $2,600.

However, the moving averages are trending lower. A close below $1,950 might allow for a bearish retest of $1,800 and potentially YTD lows of $1,740.

ETH changed hands at around $2,057 at the time of writing.

The post Ethereum price forecast: bulls hold $2K support amid CEX outflows appeared first on CoinJournal.

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TRUMP meme coin retraces sharply as team moves 5 million tokens

  • TRUMP meme coin slides to $2.86 amid selling pressure.
  • The team has moved 5 million tokens to Binance, sparking fears of a sell-off.
  • The key support sits at $2.80 with $2.50 as the next downside level.

The price of Official Trump (TRUMP) memecoin has fallen sharply as selling pressure continues to dominate the market.

The politically themed meme coin is trading around $2.86 after losing more ground over the past 24 hours.

TRMP memecoin price chart
Source: Coingecko

This drop extends a deeper slide that has pushed the token down more than 16% over the last week.

The continued decline has left the asset hovering near its lowest levels since its explosive debut rally.

Analysts now believe the current move reflects a broader loss of momentum rather than a brief pullback.

Sentiment around the token has also cooled significantly as the excitement that once fueled its rapid rise fades.

Official Trump team moves $5 million tokens to Binance

The situation intensified after reports emerged that wallets connected to the project moved roughly five million TRUMP tokens to the exchange Binance.

The transfer was valued at more than $17 million at the time it occurred.

Large movements of tokens to exchanges often raise concerns that insiders may be preparing to sell, and such activity can quickly trigger anxiety among traders who fear additional supply entering the market.

That fear alone can be enough to push prices lower as investors rush to exit positions.

In this case, the timing of the transfer has added to the already bearish mood surrounding the token.

The market had already been showing signs of weakness before the transaction became public.

Selling pressure has remained steady for several weeks, preventing any meaningful recovery attempts.

Even brief rebounds have struggled to gain traction as traders continue to reduce exposure.

Lower trading volume in recent sessions also suggests that buying interest has faded.

When demand weakens during a downtrend, sellers often dictate the market’s direction.

This pattern has been clearly visible in the recent price action.

Other micro and macro factors affecting TRUMP meme coin

Bitcoin (BTC) has slipped slightly during the same period, adding to a risk-off environment for digital assets.

Although the wider market declined modestly, meme coins tend to respond more aggressively to shifts in sentiment.

Assets driven largely by hype and narrative often struggle when traders become more cautious.

The TRUMP token is particularly sensitive to sentiment because its appeal is closely tied to the public perception of Donald Trump.

As political narratives shift, investor enthusiasm for the coin can change just as quickly.

This connection between politics and price action has made the token one of the most sentiment-driven assets in the crypto space.

Recent developments suggest that the speculative energy surrounding the project is waning.

Without fresh catalysts or renewed social media hype, the token has struggled to attract new buyers.

That lack of momentum has left the coin vulnerable to extended corrections.

The sharp drop from its peak earlier in the year highlights how quickly meme-driven rallies can reverse.

What once looked like unstoppable momentum has turned into a steady downtrend.

For now, traders appear to be waiting for clearer signals before committing to new positions.

TRUMP price forecast

From a technical standpoint, the most important support level is near $2.80.

Holding above this level could allow the token to stabilise and enter a consolidation phase.

Such a period of sideways movement would indicate that selling pressure is beginning to slow.

However, a decisive break below $2.80 could open the door to another wave of losses, with the next key level traders should watch around $2.50.

A move toward that area would continue the current bearish trend.

On the upside, the first sign of strength would be a recovery back above the $3.00 mark.

Reclaiming that level could signal that the recent downtrend is losing momentum.

Until that happens, the overall market bias remains cautious.

Traders should also pay close attention to Bitcoin’s direction, which often sets the tone for the broader crypto market.

A stronger push from BTC could help restore confidence across altcoins and meme tokens.

If that occurs while the TRUMP meme coin holds key support levels, the chances of a recovery rally would improve.

However, for now, the market remains fragile, with sentiment still leaning bearish.

The post TRUMP meme coin retraces sharply as team moves 5 million tokens appeared first on CoinJournal.

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Why QCP Capital says BTC is a ‘stress barometer’

  • QCP sees Bitcoin as a ‘stress barometer’ amid macro, geopolitical risks.
  • BTC continues to eye $70,000 as support, with gains key to upside continuation.
  • Breakdown risks BTC retesting $63k lows, where prior dip-buying emerged.

Bitcoin (BTC) continues to show resilience near the critical $70,000 level after today’s US CPI data.

The bellwether digital asset had traded slightly off this mark earlier in the day.

According to analysts at Singapore-based trading firm QCP Capital, Bitcoin’s uptick from lows of $63,000 suggests stabilisation.

However, the continued fluctuation around the $70k mark signals that the market is yet to return to full risk-on sentiment.

QCP sees Bitcoin as a ‘stress barometer’ amid geopolitical risks

While bulls have been patient, the broader context of BTC’s next move combines factors around escalating Middle East risks and the US economic outlook.

QCP has highlighted this in its latest forecast for cryptocurrencies, noting that BTC acts as a “cleaner stress barometer” amid stagflationary pressures.

Bitcoin held relatively firm even as equities came under pressure amid escalating tensions in the Middle East, with the US-Israel conflict with Iran weighing on stocks and pushing Treasury yields higher.

The benchmark cryptocurrency also remained close to the $70,000 level as oil prices retreated after a sharp rally toward $120.

However, QCP Capital said the recent swings in crude oil have exposed fragile liquidity and positioning across macro markets, a dynamic that could keep digital assets on edge.

Derivatives markets reflect this cautious tone. Implied volatility has eased, but risk reversals remain negative, suggesting traders continue to favour short-dated downside protection rather than aggressive bullish positioning.

According to QCP, the current setup also underscores Bitcoin’s growing role as a “cleaner stress barometer” during periods of macro uncertainty.

Bitcoin’s outlook after the US CPI print

Data from the US Bureau of Labor Statistics released on March 11, 2026, showed consumer price inflation rose broadly in line with expectations.

The US Consumer Price Index (CPI) increased 0.3% on a seasonally adjusted monthly basis and 2.4% from a year earlier.

Core CPI, which excludes volatile food and energy prices, rose 0.2% for the month and 2.5% annually.

The figures were largely in line with consensus forecasts.

Bitcoin moved modestly higher following the release, climbing back above $70,000 to trade around $70,230 at the time of writing.

Meanwhile, US stock futures edged lower after the report as investors also reacted to news that Iran had attacked two ships in the Strait of Hormuz, adding to geopolitical uncertainty.

The February CPI reading reflects inflation conditions before the escalation of the Iran conflict and the recent surge in oil prices.

Analysts say upcoming macro data, next week’s Federal Open Market Committee (FOMC) meeting, and developments in the Middle East will remain key drivers of near-term market sentiment.

From a technical perspective, Bitcoin needs to reclaim the 200-week exponential moving average (EMA), which continues to act as a significant supply zone despite recent attempts to move above it.

Immediate resistance is seen in the $72,000–$75,000 range, while support is located around $63,000–$64,000.

The post Why QCP Capital says BTC is a ‘stress barometer’ appeared first on CoinJournal.