Schlagwort: crypto business

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Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next?

  • The protocol’s TVL touched $7.02 billion today.
  • Upcoming developments like Boros, HyperEVM, and Converge suggest continued growth.
  • PENDLE’s price has turned bullish after an 8% rally.

Tokenization platform Pendle has attained a new all-time high in total value locked today, hitting $7.021 billion.

It has topped June 2024’s historical peak of $7.013 billion.

The timing could not be better.

The TVL milestone comes as Pendle awaits vital developments in the coming weeks and months, including hyperEVL expansion, Boros release, and Converge launch.

Meanwhile, the total value locked surge signals more capital as users trust Pendle’s yield-trading mechanism, especially following the latest stablecoin regulation.

Digital tokens backed by real-world assets have seen increased appetite since the US signed the GENIUS Act.

This article evaluates what to expect as the protocol braces for key catalysts.

HyperEVM expansion sparks bullish momentum

Pendle has remained on the crypto community’s radar as it prepares to launch HyperEVM.

Speculations suggest that this fastest-growing and most active EVM-compatible chain might go live as soon as this week.

HyperEVM will enhance the protocol’s cross-chain interoperability and access to new audiences.

The upcoming product is more than a Layer 1 or Layer 2.

HyperEVM is ushering in the next generation of DeFi apps.

Pendle’s early integration would enhance its appeal for collaborations, user activity, and new markets for magnified liquidity.

The team launched Hyperwaverfi on July 23 to prepare for the HyperEVM launch.

Boros to unlock new utility

Another catalyst positioning PENDLE for continued growth is the Boros product.

While details remain scarce, Boros aims to significantly improve the ecosystem’s TAM (Total Addressable Market) and introduce new utility for yield-bearing assets.

Some suggest that it will allow traders to trade funding rates without interacting with perps and lock in fixed rates.

The product is scheduled for an August release and would cement Pendle’s value proposition as it attracts more capital and users.

Converge alliance adds momentum

Pendle is among the top partners of the upcoming Converge platform, signaling a deeper connection with modular DeFi protocols.

The tokenization platform will help unlock yield-trading on multiple dollarized assets.

The collaboration reflects Pendle’s commitment to on-chain finance.

It will likely boost the blockchain’s usage and visibility, translating to more benefits for PENDLE holders.

According to Converge:

Tokenized assets need predictable, liquid, and composable yield rails. By building on Converge, Pendle brings fixed-rate products, yield hedging, and liquidity strategies to tokenized securities and institutional-grade dollar instruments.

The upcoming launches, stablecoin growth, and protocol expansion will likely trigger more growth for Pendle in the coming times.

PENDLE price outlook

The altcoin trades at $4.72 after an impressive performance over the past 24 hours.

Overcoming the crucial resistance between $4.80 and $4.90 could support substantial gains towards $9.

PENDLE trades above the 50- and 100 Exponential Moving Averages on the 1D chart, signaling an upside momentum.

Positive broad market sentiments amid the upcoming Pendle catalysts position the altcoin for significant growth in the coming weeks and months.

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XRP forecast: is the pullback over as Ripple CTO clarifies loss of XRP Ledger blocks?

  • The XRP price is currently holding above $3 amid whale accumulation and network growth.
  • Ripple CTO defends not resetting ledger after early data loss.
  • A break above $3.30 could trigger a rally toward $4 and beyond.

Following the week-long price decline, investors are sceptical about the next XRP move, with most turning to XRP forecasts for any clues.

The third-largest cryptocurrency by market cap has lost over 9% in the past seven days, despite earlier momentum that saw it break above the $3.50 mark.

Amid the market uncertainty, Ripple CTO David Schwartz is in the spotlight with detailed explanations about the long-standing mystery surrounding the XRP Ledger’s missing early blocks — a topic that has raised both technical and ethical questions within the crypto space.

Whale activity helping XRP stay afloat

Despite the recent pullback, XRP has held above the crucial $3.50 psychological level, with strong support building near $2.95.

This stability comes at a time when whale accumulation has intensified.

On-chain data reveals that large holders, wallets holding between 10 million and 100 million XRP, have increased their total holdings to over 8.3 billion XRP, representing 14% of the circulating supply.

This accumulation is significant because it reduces market volatility and cushions against sharp selloffs.

By limiting the amount of XRP available for sale, whales are effectively providing a price floor.

Consequently, retail investors often follow such movements, anticipating a stronger rally in the near term.

XRP Ledger sees network growth

In addition to whale behaviour, network data shows that the XRP Ledger is experiencing a noticeable rise in new wallet creations.

On July 18, daily new addresses peaked at approximately 11,000, and the network has since maintained an average of 7,500 new wallets per day.

This surge signals growing demand and heightened adoption, especially as traders seek faster, low-cost blockchain alternatives.

Moreover, XRP has outperformed Bitcoin over the past month, gaining over 30% against BTC.

This relative strength reinforces bullish sentiment, particularly among investors looking for altcoins with strong technical fundamentals and institutional backing.

XRP price action battles resistance

Currently, XRP is trading at $3.24 after bouncing from a low of $2.99 last week.

The 24-hour range remains tight, hovering between $3.17 and $3.32, while the all-time high of $3.65 (set on July 18) still looms as a psychological barrier.

Holding above $2.95, which aligns with the monthly volume-weighted average price (VWAP), is essential for XRP to maintain a bullish structure.

Technical setups indicate that a break above $3.30 could trigger a push toward the $3.82 mark, as projected by Fibonacci extensions.

Notably, prominent trader CasiTrades recently stated that “What’s promising is that we have not made a new low. Instead, it appears to have completed a subwave wave 2 of a new trend reaching a deep .854 retrace.”

Ripple’s CTO explains loss of 32,000 XRP Ledger blocks

As XRP’s price battles resistance, Ripple’s Chief Technology Officer David Schwartz has responded to renewed scrutiny over the XRP Ledger’s early history.

Specifically, critics have questioned the integrity of the network due to the loss of its first 32,000 ledgers, which span the initial ten days of its existence.

Schwartz explained that the missing blocks were the result of a software bug during the early development stages, when multiple independent ledger streams were created.

One of these streams experienced a failure, leading to unrecoverable data loss. He emphasised that this was a known issue and not an act of fraud or negligence.

Calls to reset the ledger have surfaced repeatedly, particularly from sceptics.

However, Schwartz stated that such a move would have worsened the situation by erasing additional historical data that is currently preserved.

“Nothing we could do would restore the missing information,” he wrote in a recent post on X.

What XRP traders should watch next

With XRP still up 428% year-on-year and supported by strong fundamentals, the question now is whether the pullback is over.

Whale accumulation, combined with consistent network growth and Ripple’s public response to technical concerns, provides a foundation for confidence.

That said, price must hold key levels. Any break below $2.90 could invalidate the current bullish setup.

Conversely, a move above $3.30 could ignite fresh momentum, potentially targeting $4 in the near term.

For now, XRP’s resilience, transparency from Ripple leadership, and growing adoption suggest that the market may be preparing for its next leg up — assuming broader sentiment holds steady.

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Safemoon forecast: can SFM coin rise again after its contract migration?

  • Safemoon forecast mixed despite recent migration to Solana.
  • SFM price is down, but technical signals hint at a rebound.
  • Community remains bullish, but real-world use is still lacking.

Safemoon (SFM) cryptocurrency has been under immense bear pressure for the longest time, prompting investors to question whether the Safemoon forecast offers any hope.

The digital token, once celebrated for its community-driven appeal, has struggled to regain upward momentum.

Now, after completing a major transition to the Solana blockchain, many in the crypto space are eager to know: can the SFM coin make a comeback?

Speculation after SFM migration to Solana

In April 2025, Safemoon completed its long-awaited migration from its old contract to a new one built on Solana.

The team officially shut down the previous V2 contracts on April 11, marking a pivotal shift in the project’s technical infrastructure.

This migration was aimed at enhancing speed, scalability, and overall user experience.

However, while the move has energised a section of the community, it hasn’t yet translated into significant price gains.

As of July 28, the SFM token was trading at $0.000008534, down 29.2% over the past month and down 79.2% over the past year.

Nevertheless, despite the bearish trajectory, the Safemoon community remains optimistic that the move to Solana will lay the groundwork for future utility and adoption.

Safemoon forecast: looking at the technical signals

Technical indicators currently paint a mixed picture for the SFM coin.

According to Bollinger Bands analysis, the Safemoon price is sitting at the lower band.

This typically signals an oversold condition and could hint at a buying opportunity. However, caution is still advised.

In addition, the Bollinger Bands are unusually wide, highlighting the heightened volatility surrounding the asset.

Interestingly, Safemoon’s price recently dipped below the lower band before recovering into the band’s range.

That quick re-entry may suggest the bearish move was a false signal.

Still, traders are urged to watch for confirmation before making aggressive entries.

Safemoon price analysis

Another critical indicator — the Accumulation/Distribution (A/D) line — continues to decline.

A falling A/D line, especially when paired with a falling price, often indicates sustained selling pressure.

This trend suggests that despite community optimism, investors are yet to accumulate SFM tokens in significant numbers.

Community sentiment holds strong

One bright spot in the Safemoon ecosystem is community confidence.

According to CoinMarketCap, over 7,300 users have cast sentiment votes, with 86% of them bullish on the Safemoon price prediction. This shows that faith in the token’s potential has not been entirely lost.

Even with the bearish market performance, daily trading volume remains relatively high, standing at $689,372.

This implies ongoing interest and activity, although not necessarily positive momentum.

Market analysts often look at volume spikes as precursors to price movement, so the sustained trading activity may still yield surprises.

Real-world utility remains the missing piece

Despite all the technical developments, the missing link for Safemoon cryptocurrency remains a real-world application.

The Safemoon team must now focus on delivering tangible use cases.

Without a clear utility beyond speculative trading, the SFM coin may struggle to build lasting value.

Currently, the token’s fundamentals do not appear strong enough to support a significant rally.

However, this could change if the project succeeds in building out its ecosystem on Solana.

The blockchain’s low fees and fast transaction speeds offer potential for dApps and DeFi integrations, both of which could reinvigorate investor interest.

Looking forward, much of the Safemoon forecast depends on what the team delivers post-migration.

Technical indicators suggest a cautious outlook, but community optimism and ongoing trading activity hint at underlying support.

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Solana price prediction: SOL targets $250 amid ETF buzz

Key takeaways

  • SOL is trading at $197 after adding 2% to its value over the weekend.
  • The coin could rally towards $250 soon as investors anticipate a spot ETF.

SOL approaches $200 as altcoins lead the market charge

The cryptocurrency market is having a positive start to the week following last week’s deep correction. Bitcoin is trading above $119k while Ether is targeting the $4k psychological mark.

Binance’s BNB has hit a new all-time high of $857, with XRP and Solana also recording healthy gains. SOL, the native coin of the Solana blockchain, is up by more than 2% in the last 24 hours and now trades close to $200.

The positive performance comes as investors anticipate a Solana spot ETF in the coming months. Bitget Wallet CMO Jamie Elkaleh stated that,

“ETF conversations around SOL are further amplifying interest. With a more crypto-friendly regulatory tone emerging in the U.S., sentiment around both XRP and SOL remains constructive.”

According to market analysts, fundamentals are finally starting to align with Solana’s market structure. Liquidity is improving, and institutional flows are growing. The addition of spot ETF products would boost SOL’s adoption and push the price to new highs.

SOL could hit $250 soon

The SOL/USD 4-hour chart is bullish and efficient, with the market structure shifting to the upside. This shift suggests that SOL could be preparing for another leg up in the coming hours or days.

The technical indicators are also bullish. The RSI of 62 shows that SOL is bullish and could head into the overbought region soon. The MACD lines crossed over into the positive region, suggesting that buyers are in control.

SOL/USD 4-hour chart

If SOL’s daily closes above $195, it could hit the minor resistance level at $207 over the next few hours. An extended rally would allow it to approach the FVG around $225k before rallying to $250 for the first time since January. 

However, failure to close above the $195 region could result in a correction and push SOL lower to the $177 support level. If the bulls fail to hold this support level, SOL could dump further to the $157 low created on July 15.

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PancakeSwap jumps on 200% volume spike and Infinity launch

  • PancakeSwap (CAKE) price  rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market.
  • Upside helped by a 200% spike in trading volume amid Infinity launch and new incentive campaign
  • If CAKE breaks the $3.30 resistance, bulls could eye $10.

PancakeSwap is looking to extend gains above a key level, with gains in the past 24 hours amid a 200% spike in trading volume.

The decentralized exchange’s PancakeSwap Infinity has sparked a frenzy of activity.

As Bitcoin bounced and BNB price spiked, CAKE has drawn traders and enthusiasts eyeing an opportunity as the platform expands.

PancakeSwap price gains double-digits

CAKE rose 13% in 24 hours, fueled by activity in BNB Chain and the broader altcoin market as BNB price jumped above $850. The catalyst for the latest price move looks to be the recent unveiling of PancakeSwap Infinity on the Base network.

Infinity is the decentralized finance platform’s modular framework, featuring customizable “Hooks” offering smart contract plug-ins. Developers and users can leverage the innovation for tailored liquidity pools, with key features including dynamic fees, rebate systems, and onchain limit orders.

Following its initial rollout on BNB Chain in April, the move to Base has coincided with the network’s total value locked.

CAKE is also gaining amid a new network incentive campaign.

“PancakeSwap is excited to launch a new trading campaign featuring five Binance Alpha Tokens on the BNB Chain: Bedrock (BR), MilkyWay (MILK), League of Traders, NodeOps (NODE), and Moonveil (MORE) Due to community feedback, the campaign has been extended! You now have extra time to participate and can earn a share of ~$250,000 in rewards by trading these tokens on PancakeSwap until August 5, 2025,” the DEX wrote in a blog post.

Details show the TVL has jumped to above $4.29 billion, up more than 33% year-to-date.

Interest in the Base deployment has seen the 24-hour DEX volume for PancakeSwap surge nearly 200% to over 4417 million. Per CoinMaketCap, CAKE’s market cap has increased to over $2.3 billion.

What next for CAKE price?

As of writing, PancakeSwap native token’s 13% gain over the last 24 hours puts it top of the list of gainers in this period. Crypto analyst CryptoBullfish shared the take below on CAKE and BNB:

CAKE’s 19% uptick in the past week also sees it rank in the top 10 – behind Ethena, Flare, Cronos and Story.

While BNB rode BNB Chain activity to break to a new all-time high above $850, PancakeSwap was eyeing fresh gains around $3.30. Should CAKE breach this critical resistance level, it could witness a bold push toward $5 and potentially $10.

On the contrary, support lies around $2.

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