Schlagwort: crypto business

Veröffentlicht am

Pudgy Penguins (PENGU) crashes 10% in 24 hours as memecoin market weakens

  • Pudgy Penguins  (PENGU) price fell to lows of $0.010 as altcoins crashed on Thursday.
  • The token’s dip extends losses seen in the past months.
  • Bitcoin’s slip amid the AI market downturn impacted PENGU’s price.

Pudgy Penguins (PENGU) has taken a significant price hit in the past 24 hours, with the memecoin token plummeting more than 10% to lead the top 100 losers on the day.

At the time of writing, PENGU price hovered around $0.01085. The token broke from under $0.0100 to touch highs of $0.013 earlier in the week.

However, with cryptocurrencies showing weakness, the token has erased all these gains.

Pudgy Penguins tanks 10% as altcoins slip

The Pudgy Penguins ecosystem, which boasts an NFT collection and burgeoning token utility, has had it rough in the past few months.

After surging to above $0.043 in July, a downward spiral saw PENGU slip to a low of $0.0097 on December 2, 2025.

While bulls masterminded a slight uptick to above $0.013, the PENGU token, which powers community initiatives like merchandise drops and digital collectibles, has once again shed gains.

By paring by more than 10% of its value within a single day, the token is now staring at 30% declines in the past month.

The token has one of the steepest declines among the top 100 cryptocurrencies by market capitalization in the past year. On December 11, Pudgy Penguins’ trading volume dropped 12% to $243 million.

Analysts see this as a signal of reduced selling pressure after the latest declines were accompanied by huge surges in volume.

PENGU price outlook

The PENGU price decline is emblematic of a wider bearish assault across cryptocurrencies.

As Bitcoin sees bearish pressure, altcoins have dropped to key support levels. Memecoins, which have failed to rally amid declines for Dogecoin and others, lead some of the sectors with huge losses.

Global equity markets also faltered after the previous session’s gains.

In this case, a lack of momentum after the US Federal Reserve cut interest rates has dampened broader risk appetite. PENGU’s correlation with top alts and memecoins amplifies the potential for further declines.

Overleveraged positions from recent gains could catalyse an unfolding scenario of downward action. A drop below $0.010 will be bad news for bulls.

Sellers could even target $0.004, an area near all-time lows seen in April 2025.

However, catalysts such as upcoming ETF decisions and broader adoption suggest bulls may not be done yet.

Investors will eye these and other reversal cues. A path forward remains treacherous as the bear run rolls in, but price reclaiming $0.013 is key. PENGU’s bullish levels are above $0.04.

The post Pudgy Penguins (PENGU) crashes 10% in 24 hours as memecoin market weakens appeared first on CoinJournal.

Veröffentlicht am

Hedera (HBAR) crashes below $0.13 as Fed rate cut roils crypto markets

  • Hedera price fell to under $0.13 on Thursday as the cryptocurrency toiled.
  • The HBAR token struggled amid losses for Bitcoin after the Fed rate cut.
  • AI jitters that had Oracle stock down sharply did not help bulls.

The cryptocurrency market has shuddered as the Federal Reserve’s anticipated interest rate cut came laced with a notably hawkish undertone, sending ripples through risk assets.

Hedera’s native token, HBAR, mirrored broader losses for altcoins as indecisive bulls watched it plummet by more than 5%. The selling pressure showed in the spike in daily trading volume.

Hedera price dips under $0.13 amid downside pressure

Hedera’s price has sharply dipped in the past 24 hours, dropping to under $0.13 as top coins like Bitcoin and Ethereum suffered sell-offs.

Losses for HBAR, alongside Bitcoin’s slip below $90,000, came despite the Fed’s  interest rate decision.

The US central bank lowered the federal funds rate by 25 basis points on December 10, 2025. to a range of 3.5% to 3.75%.

Like many other cryptocurrencies, HBAR traders have found little solace in the Fed’s gesture.

With a hawkish central bank and jitters around the AI sector, Hedera price followed the outlook across risk assets.

The token, which had hovered around $0.14 earlier in the day, dropped to a low of $0.1293 in early US trading hours.

HBAR Price Chart
Hedera price chart by CoinMarketCap

Can Hedera price bounce?

After an initial bump on the Fed news on Wednesday, the S&P 500 has shed gains as Oracle’s disappointing results drag down other AI stocks. Oracle shares fell 15% and Nvidia, CoreWeave and AMD all dropped.

But stocks remain near record highs and analysts’ view is that Bitcoin and crypto could still eye recent peaks.

If BTC plays catch-up successfully with a breakout above $100,000, bounces for altcoins could see HBAR reclaim key levels.

Year to date, the S&P 500 is up by more than 17%. In comparison, Bitcoin is down more than 3% and HBAR is down by over 50%.

Despite the downturn that has unfolded over the past year, Hedera touts multiple key milestones likely to keep bulls in play.

Potential catalysts

As well as expanded government adoption initiatives and industry partnerships, there’s a notable presence across decentralized finance (DeFi) and real-world asset tokenization.

The launch of spot crypto ETFs is another major boost for HBAR.

HBAR’s trajectory may thus appear precarious. Indeed, the token could dump further and touch levels near $0.10 or lower in the short term.

The relative strength index (RSI) below 50 and a price breakdown to under the 50-day exponential moving average signal potential fresh pain for bulls.

Yet, with HBAR, one of the tokens seeing major enterprise integrations and a growing DeFi ecosystem, a bounce is likely.

How crypto navigates a hawkish environment will give an additional picture of what’s next for the token.

The post Hedera (HBAR) crashes below $0.13 as Fed rate cut roils crypto markets appeared first on CoinJournal.

Veröffentlicht am

ADA holds above the $0.40 support, eyes the $0.50 psychological level

Key takeaways

  • Cardano’s ADA is down 10% in the last 24 hours and is now trading at $0.415.
  • The coin could bounce back to the $0.50 region as the $0.40 support level holds.

ADA is the worst performer among the top 10 cryptocurrencies by market cap, losing 10% of its value in the last 24 hours. The bearish performance comes amid the Fed’s interest rate and declining Open Interest.

However, on-chain data suggests that Cardano could recover soon and rally higher in the near term. 

Derivatives data adds to ADA’s woes

Data obtained from CoinGlass reveals a 13% drop in Cardano futures Open Interest (OI) over the last 24 hours to $725.61 million. The decline in OI suggests a massive drop in active positions, including both longs and shorts, indicating that traders are not interested in the cryptocurrency at the moment. 

With the risk-off sentiment, ADA’s funding rate has dropped to 0.0019% from the 0.0047% recorded on Wednesday, suggesting a decline in bullish sentiment. 

Furthermore, the short positions account for 54.62% of all active positions in the last 24 hours by press time, indicating that traders are more bearish about ADA’s price action. 

Despite the decline in the derivatives data, on-chain data obtained from Santiment shows that transactions reached a nine-month high of 4.11 billion ADA on Tuesday. The increase in on-chain activity could boost ADA’s price in the short to medium term. 

Finally, the daily active addresses have also hit a four-month high of 34,229, indicating renewed interest in the Cardano network. 

Cardano could break out above $0.50 soon

The ADA/USD 4-hour chart is bullish and efficient, with an MSU (Market Shift) structure formed on this timeframe. The technical indicators remain bearish but could soon switch bullish as ADA holds the $0.40 support level. 

The RSI of 36 shows that ADA is still within the bearish territory. However, the MACD lines are within the positive territory, indicating a growing bullish bias. 

ADA/USD 4H Chart

If the trend reverses, ADA could rally towards the $0.50 resistance level over the next few hours or days. The breakout rally could push Cardano prices to $0.6069, a level marked by the November 11 high.

However, failure to reverse could see ADA retest the December 1 low of $0.3707 over the next few hours or days.

The post ADA holds above the $0.40 support, eyes the $0.50 psychological level appeared first on CoinJournal.

Veröffentlicht am

HYPE could dip to $23 amid declining staking balance: Check forecast

Key takeaways

  • HYPE is down 5% in the last 24 hours and is currently trading at $27.
  • The coin could drop to $23 if the bearish trend continues.

Hyperliquid’s staking balance declines

HYPE, the native coin of the Hyperliquid decentralized exchange, is one of the worst performers among the top 20 cryptocurrencies by market cap. The coin is trading above $27 per coin after losing 5.8% of its value in the last 24 hours.

The bearish performance comes after the Federal Reserve delivered a hawkish red cut on Wednesday. According to market analysts, with further rate cuts now off the table for a while, attention will turn to liquidity and the Fed’s balance sheet policy in early 2026. However, despite the Treasury bill purchase announced today, QE isn’t coming until things start breaking – and that always means more volatility and potential pain.

Another major catalyst behind HYPE’s bearish performance is the decline in Hyperliquid’s Total Value Locked (TVL). The protocol’s TVL has dropped to $1.63 billion from $2.42 billion on October 30. 

Investors continue to pull their funds from staking contracts on the Hyperliquid chain, adding more selling pressure on HYPE. Falling TVL suggests that investors are losing confidence in the token and ecosystem, prompting them to reduce their risk exposure.

Furthermore, the demand for Hyperliquid derivatives has declined due to the current market conditions. According to Coinalyze, HYPE’s Open Interest (OI) has dropped to $1.3 billion, down 2.5% from the $1.48 billion recorded on Wednesday. It is also significantly below its record high of $2.59 billion reached in September, suggesting that low retail interest in HYPE could continue to suppress a recovery. 

Will HYPE continue to dip lower?

The HYPE/USD 4-hour chart is bearish and efficient as HYPE has underperformed over the last 24 hours. The Layer-1 blockchain token has dropped below its short-term support at $27.50, underpinning its current bearish outlook.

HYPE/USD 4H Chart

The Relative Strength Index (RSI) has dropped to 34 on the 4-hour chart, pointing to a strong bearish momentum. If the RSI enters the oversold region, HYPE could dip lower over the coming hours and days. 

If the bearish trend continues, HYPE could retest the low of $23 for the first time since May 13. 

However, if buyers regain control and push the price above the $29 resistance level, HYPE could target the next major liquidity level sitting below the 50-day Exponential Moving Average (EMA) at $36.23.

The post HYPE could dip to $23 amid declining staking balance: Check forecast appeared first on CoinJournal.

Veröffentlicht am

Coinbase expands Solana trading access with integrated on chain swaps

  • Coinbase now lets users trade any Solana token instantly through its app via on-chain liquidity.
  • New tokens become accessible immediately, boosting visibility and reducing barriers for Solana builders.
  • Deeper Solana integration and shifting exchange models signal a move toward open, blockchain-driven access.

Coinbase is reshaping how people interact with Solana’s fast-moving token market by allowing anyone to trade any Solana asset directly inside its app.

The change removes the wait for formal listings and gives users immediate on-chain liquidity through the same interface they already rely on.

It marks a shift toward a more open, blockchain-driven model of exchange activity.

The company is positioning this as a way for users to keep pace with Solana’s rapid token creation cycle while staying inside a familiar environment that does not require jumping between new platforms.

Trading through a trusted app

The new workflow lets people swap for any Solana token the moment it appears on chain.

They can pay with USDC, a bank account, cash, or a debit card.

This makes access to Solana’s expanding ecosystem far simpler for users who want to participate in early market activity without navigating outside tools.

The update turns the Coinbase app into a bridge that pulls liquidity straight from Solana decentralised exchanges.

People keep the same basic experience they are used to, but the range of assets becomes dramatically wider because the app now connects directly to on-chain markets.

Support for builders

The change also affects developers launching new tokens.

Any asset with enough liquidity on Solana becomes immediately available to the millions of people who use Coinbase.

This removes the long-standing barrier of visibility for early-stage projects.

Instead of waiting for a centralised listing or marketing push, a token becomes discoverable as soon as it is tradable on chain.

It streamlines access for builders and reduces friction around early user acquisition.

The update also demonstrates how exchanges are adapting their mechanisms so that discovery and access are tied directly to the blockchain rather than traditional gatekeeping processes.

More Solana features coming

Coinbase confirmed that deeper Solana integration is underway.

Soon, Solana assets will appear natively within the app interface, positioned beside Bitcoin and Ethereum instead of being placed in a separate category.

This signals a stronger commitment to supporting the network’s ecosystem.

Breakpoint added further activity around Solana with Ellipsis Labs introducing Phoenix Perpetuals, a Solana native perpetuals exchange that allows gasless trading and instant onboarding.

These developments highlight how infrastructure around the network is expanding at a pace and how established platforms are adjusting to meet user demand for faster access.

Changing exchange models

The update reflects a wider shift in how exchanges operate.

Instead of deciding which new assets qualify for listing, platforms are now giving users direct access to whatever appears on the chain.

This hands more control to traders while reducing bottlenecks associated with centralised processes.

With activity on Solana continuing to accelerate, Coinbase’s timing aligns with broader market interest.

The company is adapting its product to match the speed of blockchain-based innovation and responding to the growing preference for open access to newly launched tokens.

The result is a model where the blockchain itself determines what becomes tradable.

The post Coinbase expands Solana trading access with integrated on chain swaps appeared first on CoinJournal.