Schlagwort: crypto business

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KAITO price prediction after Kaito Pro Mobile Beta update

  • The price of KAITO is approaching the key $2.50 resistance zone.
  • Kaito’s Yapper community growth and the new Kaito Pro Mobile update have boosted KAITO’s utility and community engagement.
  • A breakout above $2.50 could push KAITO cryptocurrency to retest the $2.90 ATH.

KAITO has attracted considerable attention recently as its price demonstrates strong bullish momentum that has seen its price rise by over 176% over the last month.

This price surge has stirred optimism among investors and traders alike, who now closely watch the cryptocurrency’s next price trajectory.

With technical indicators showing promising signs and fresh ecosystem developments underway, KAITO appears poised for potential significant gains in the near term.

KAITO price analysis

The recent KAITO price action reveals a striking 20% surge in the last 24 hours, pushing KAITO to trade around $2.19.

This upward move follows a period of consolidation, where the price hovered between $1.70 and $1.90 for nearly a week, indicating a buildup of buying pressure.

Prior to this, KAITO experienced a sharp rally in early May, climbing from $0.79 to nearly $2, marking a stunning 150% gain in just four days.

Currently, KAITO is testing a crucial resistance zone close to $2.50, which represents a post-all-time high (ATH) breakdown level.

This resistance area previously halted price advances after the token’s ATH of $2.90 was reached on February 27, 2025.

If KAITO manages to break above this resistance cleanly, it could pave the way for a retest of the $2.90 ATH, offering a possible 30% upside from current levels.

Consequently, traders are eagerly watching for this breakout as a confirmation of sustained strength.

Technical indicators provide additional insight into the token’s potential trajectory.

The Relative Strength Index (RSI) is currently at 69, nearing the overbought threshold, which implies strong buying momentum but also signals caution.

Meanwhile, the Moving Average Convergence/Divergence (MACD) remains bullish, with the MACD line comfortably above the signal line, though the histogram suggests a slight slowdown in momentum.

Despite this, trading volume has remained steady since the breakout in early May, supporting the price rise.

KAITO ecosystem continues to grow

Beyond price action, the ecosystem surrounding KAITO continues to evolve in ways that may influence market sentiment positively.

The recent update to the Kaito Pro Mobile Beta introduces several innovative features, such as direct access to Token Mindshare heatmaps and enhanced metasearch capabilities.

These improvements allow users to track token popularity and sentiment across platforms more efficiently, fostering greater transparency and community engagement.

Moreover, Kaito’s Yapper community has gained momentum, largely fueled by the Yapper Launchpad, which empowers users to vote on upcoming projects for the Yapper Leaderboard.

This community-driven approach strengthens the project’s foundation by involving token holders in key decisions.

Additionally, the launch of the Rewards Station within the Kaito Earn platform incentivises active participation by distributing weekly payouts in sKAITO tokens, further encouraging engagement and loyalty.

Given these developments, the market appears optimistic about KAITO’s prospects. The combination of strong technical momentum and a thriving ecosystem creates a supportive environment for price appreciation.

However, traders should remain aware of the RSI’s near-overbought condition, which might lead to short-term corrections before any sustained rally.

The post KAITO price prediction after Kaito Pro Mobile Beta update appeared first on CoinJournal.

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Analysts see bullish momentum for Moo Deng memecoin even after 11% drop

  • Moo Deng has dipped by double digits, although uptrend momentum remains intact.
  • Vitalik’s backing and KRW listing boost long-term sentiment.
  • Moon Deng must hold above the 0.618 Fibonacci retracement support level for the continuation of the bullish trend.

After a splendid performance, the Moo Deng memecoin has seen its price drop by about 11.9% over the past week, signalling a pause in its recent bullish momentum.

This correction follows a euphoric rally that captured significant market attention, propelled by both celebrity-level virality and support from Ethereum co-founder Vitalik Buterin.

The price currently trades at approximately $0.231, down from recent highs that brushed against the $0.27 mark, reflecting a cooling-off period after intense speculative activity.

Technical analysis suggests continued bullish momentum

Despite the dip, Moo Deng’s broader trend remains intact, supported by a strong confluence of technical indicators and a surge of institutional interest following its listing on Korea’s Coinone exchange.

Even though the memecoin has shed close to 14% from its local high, analysts are viewing the retracement as a healthy part of the current uptrend rather than a shift in trend.

As price retreats, it is now testing a support-rich confluence zone that includes the 0.618 Fibonacci retracement level, the 200-day moving average, and a long-term high time frame support range.

Historically, such zones have triggered strong bullish reactions, and if this pattern holds, the recent dip may represent an ideal accumulation opportunity.

Bulls are looking for the formation of a higher low that would reinforce the validity of the ongoing uptrend.

If Moo Deng confirms support here and begins to reverse, the price is likely to target previous resistance levels near $0.31 and possibly $0.35 in the coming sessions.

Fundamentals and sentiment remain strong despite volatility

Notably, the current price retracement came just weeks after Vitalik Buterin donated 88 ETH, worth around 10 million Thai baht, to Khao Kheow Zoo in Thailand to sponsor Moo Deng, the real-life pygmy hippo behind the memecoin, as promised in December 2024.

That high-profile gesture not only elevated Moo Deng’s global profile but also catalysed a dramatic surge in price and trading volumes, with the token gaining over 125% in the days that followed.

Although the hype has temporarily settled, the coin still benefits from strong community engagement, viral momentum, and expanding market access via the KRW market on Coinone.

The combination of cultural relevance, blockchain symbolism, and real-world charity has created a uniquely resilient narrative around MOODENG, giving it more staying power than typical memecoins.

While short-term traders may react to pullbacks with caution, long-term holders appear confident that this correction is part of a larger bullish pattern.

With Moo Deng trading within a predictable technical structure and supported by increasing liquidity, market watchers are now eyeing a potential rebound that could reestablish upward momentum.

If this support level holds and the anticipated higher low forms, MOODENG could soon resume its climb and challenge its recent highs, making the current dip a potentially strategic re-entry point.

The post Analysts see bullish momentum for Moo Deng memecoin even after 11% drop appeared first on CoinJournal.

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Astar Network scores Animoca Brands partnership: will ASTR price surge?

  • Astar (ASTR) price changed hands around $0.03, risking downside continuation.
  • Partnership with Animoca Brands could help ASTR’s price bounce.
  • Market outlook is nonetheless bearish.

Astar (ASTR) price traded around $0.03, slightly in the green on the day, as bulls struggled to keep bears off.

This comes as the Astar Network token has seen its native token plummet more than 10% in the past week, with technical charts signalling a potential downside continuation.

But with a major partnership and investment from a leading blockchain gaming firm in the bag, can ASTR’s price bounce?

Astar Network gets Animoca Brands’ backing

On May 21, 2025, the Astar Network team announced a huge move.

Astar is teaming up with Animoca Brands.

The companies announced their strategic collaboration on Wednesday, revealing that Animoca Brands had also made a key investment in Astar.

Per the announcement, Astar will leverage the new alliance to bolster its position within the entertainment and gaming ecosystem.

It seeks to leverage Animoca Brands’ support to become the leading project for industry players looking to enter the Japanese and Asian markets.

Not only is this about bringing intellectual property on-chain, but also about scalability and focus on consumer-facing experiences.

“The investment from Animoca Brands is not just about financial backing. It’s a strategic initiative aimed at driving long-term growth in Web3 entertainment. Animoca Brands sees the value in Astar’s unique position as a gateway for entertainment IP from Japan and Asia into the global digital ownership economy,” Astar Network wrote in its blog post.

Part of what’s next for Astar and Animoca Brands includes collaboration on further ways of driving adoption across Web3.

The platforms’ future plans also include the potential unveiling of an Intellectual Property and entertainment-focused fund.

Will ASTR price rally?

ASTR token traded at lows of $0.025 on May 7, 2025. However, amid network developments and a broader market uptick that followed, the altcoin surged to above $0.035.

Bears have since pushed Astar Network’s native token into the woods, with ASTR dumping over 10% in the past week.

On the daily chart, the RSI and MACD indicators signal bearish continuation, the latter having the histogram trending weak.

Astar Network Inks Animoca Brands Deal
Astar price chart by TradingView

ASTR is, however, within a broad ascending triangle with the main resistance zone around $0.035.

If price dips below the trendline support, bears could target $0.022.

On the upside, a run to December 2024 highs of $0.9 is possible amid a rallying crypto market.

The post Astar Network scores Animoca Brands partnership: will ASTR price surge? appeared first on CoinJournal.

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XRP market cap grows 1.9% in Q1 2025 as XRPL adoption surges

  • XRP’s market cap rose 1.9% in Q1 2025 to $121.6 billion.
  • BTC, ETH, and SOL combined lost 22% in market cap over the same period.
  • XRPL daily active addresses grew 142% to 134,600.

XRP’s network fundamentals saw notable expansion in the first quarter of 2025, with Ripple Labs capitalising on infrastructure growth and institutional adoption to consolidate its market position.

According to a Messari report released in early May, XRP was the only major cryptocurrency among the top four by market cap to post gains in Q1, with a 1.9% quarter-over-quarter rise.

In contrast, the combined capitalisation of Bitcoin, Ethereum, and Solana dropped 22% over the same period.

The report also highlighted that all measurable XRP Ledger (XRPL) network metrics rose for the second consecutive quarter—a rare event since Messari began tracking XRPL in Q1 2023.

The growth trend was further reinforced by Ripple’s acquisition of prime brokerage Hidden Road and the testnet launch of the XRPL EVM sidechain.

XRPL user activity and nodes see sharp increases

The average number of daily active addresses on the XRPL reached 134,600 in Q1, marking a 142% increase quarter over quarter.

Messari noted that this level of user engagement indicates sustained interest from both long-time participants and new entrants.

Total new addresses registered in the quarter stood at 568,300, a 12% increase from Q4 2024 and up 210% compared to the same quarter last year.

A similar growth trend was observed in transactional activity. Average daily transactions rose 13% from the previous quarter to 2.04 million. Payment transactions, which had dipped 8% in Q4 2024, rebounded 36% QoQ to 1.12 million.

Daily receiver addresses surged 168% to 127,800, outpacing the 14.5% increase in daily senders. This pattern is often indicative of airdrop-driven participation, where dormant wallets are reactivated to receive token distributions.

Infrastructure growth was even more pronounced. The number of active nodes jumped from 886 in Q4 to 9,498 in Q1 2025—a 972% surge.

This dramatic increase suggests a broader interest in decentralised validation and improved support for network scalability.

Ripple’s $1.25B Hidden Road deal boosts ecosystem reach

On April 8, Ripple announced the acquisition of Hidden Road for $1.25 billion, making it the first crypto company to own a prime brokerage platform.

The move is seen as part of Ripple’s strategy to deepen XRPL’s enterprise use cases and facilitate broader adoption of Ripple’s native stablecoin, RLUSD.

As part of the integration, Hidden Road will use XRPL for post-trade operations and accept RLUSD—Ripple’s USD-backed stablecoin—as collateral. RLUSD itself saw its market capitalisation rise 304% in Q1 2025, reaching $25.9 million on the XRPL.

This reflects growing institutional confidence in Ripple’s infrastructure as a medium for value transfer and settlement.

EVM compatibility and global payments integration on the rise

The XRPL ecosystem expanded its technical scope with the launch of the XRPL EVM sidechain testnet on 31 March. Once it goes live on the mainnet in Q2 2025, this upgrade will allow developers to deploy Ethereum-compatible smart contracts using XRPL’s consensus mechanism.

The move is expected to attract decentralised finance (DeFi) developers seeking alternatives to Ethereum’s high gas fees and scalability bottlenecks.

Meanwhile, global institutions continue to integrate Ripple’s cross-border payments system. In Q1 2025, Zand Bank and fintech platform Mamo—both based in the UAE—adopted Ripple Payments to facilitate international transactions.

These developments suggest a growing preference for Ripple’s blockchain infrastructure among regulated financial entities, particularly in emerging markets seeking fast, low-cost remittance solutions.

While XRP’s price increased just 0.5% in Q1 2025, the growth in market cap was driven largely by a 1.4% increase in circulating supply.

However, the sustained rise in activity, address creation, and institutional backing points to deeper network engagement beyond speculative trading.

The post XRP market cap grows 1.9% in Q1 2025 as XRPL adoption surges appeared first on CoinJournal.

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Space and Time token SXT pumps 33% amid key Microsoft integration

  • The Space and Time token SXT jumped more than 33% as altcoins rose.
  • SXT crypto price was up after a major partnership with Microsoft.
  • The token’s daily volume jumped 390% to over $280 million as SXT outpaced top altcoins.

The Space and Time (SXT) price rose sharply on Wednesday as the zero-knowledge proofs blockchain for data struck a major partnership with Microsoft.

Daily volume exploded 390% to over $280 million, while the cryptocurrency’s market cap edged to near $200 million.

The cryptocurrency ranked among the best performers on the day, topping the list of gainers by 24-hour gains in the top 500 coins by market cap.

Per data from Coinglass, the open interest in the Space and Time token is up 117%.

Why did the SXT crypto price surge today?

SXT price reached highs of $0.15, surging by more than 33% in the past 24 hours.

Gains saw the altcoin bounce off its recently hit all-time low of $0.10.

The downside to the new low happened as the broader crypto market witnessed a bout of volatility, with Bitcoin price dumping to under $103k before rallying sharply to retest the $107k level.

This action also cascaded into top altcoins, and smaller coins such as Space and Time exploded.

SXT, however, had another likely catalyst fueling its upsurge.

A major announcement from tech giant Microsoft provided the tailwinds, specifically in the form of Microsoft’s integration of the Space and Time blockchain with the US-based computing giant’s analytics platform Fabric.

Integration will see Microsoft add real-time data feeds to the Microsoft Fabric network.

This collaboration builds on Space and Time’s milestone of getting capital backing from M12 – Microsoft’s venture arm.

Space and Time network growth

The integration speaks to the growing traction for Space and Time.

Now, such ecosystem users can easily leverage Fabric to access the ZK-proven platform’s indexed data.

Initial support includes top blockchain networks like Bitcoin, Sui, and Ethereum.

Developers will tap into this capability via the cloud data storage solution Azure OneLake.

“We’re thrilled to expand our collaboration with Microsoft to provide verifiable blockchain data to enterprises, institutions, and developers building on Fabric,” said Nate Holiday, the co-founder of Space and Time and CEO of MakeInfinite Labs, an original contributor to Space and Time.

“This integration enables a wealth of new data-driven use cases across financial services, Web3 apps, and AI to be built on Microsoft technology,” Holiday added.

Integration with Microsoft Fabric comes a few days after Space and Time unveiled its mainnet.

The native token SXT jumped to an all-time high above $0.18 on May 8, 2025. While price has since dipped slightly, the current SXT value is only 25% off that peak.

Space and Time raised $20 million in a Series A funding round led by M12 in 2022.

The post Space and Time token SXT pumps 33% amid key Microsoft integration appeared first on CoinJournal.