Schlagwort: crypto business

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Test (TST) price turns bearish as developer liquidates entire holdings

  • A developer wallet has sold TST worth $30,400 in four transactions.
  • The participant has fully exited his TST position, sparking concerns among the community.
  • Data shows the alt’s open interest plunged 6.15%, highlighting emerging bearish sentiments.

Digital tokens performed well on Monday as the cryptocurrency market capitalization reclaimed $4 trillion, with Bitcoin surpassing $122,000.

While Ethereum’s jump past $4,300 renewed the altseason narrative, Test’s (TST) momentum weakened as transactions involving its creator dented sentiments.

Gmgn data shows the investor dumped his entire TST stash within 12 hours, offloading assets worth around $30,400.

The wallet executed the sell-off in four different transactions, leaving the portfolio without Test tokens.

While the amount might not sound staggering in the cryptocurrency industry, it’s enough to dent confidence in niche and smaller-cap tokens like TST.

Market players often perceive a full exit by an insider or developer as a negative gesture.

The altcoin is already flashing bearish signals. It has lost around 1.40% in the past 24 hours despite broad market recoveries.

Also, data shows TST’s Open Interest has dipped by 6.15%, confirming that traders are closing existing positions.

Why the dump matters

Investors often view team and developer holdings as “trust anchors.”

If individuals who launched the asset still hold a substantial stake, it signals confidence in the project’s future.

However, the perceived confidence dwindles once they liquidate their entire holdings.

For the Test coin, the optics are challenging.

The remarkable 2025 surge to $0.52 materialized as the community misinterpreted Binance founder Changpeng Zhao’s tutorial as an endorsement.

CZ clarified that the Test was just an experimental coin for BNB Chain’s tutorial and not an investment vehicle.

He even confirmed that they had deleted the address used to create a token.

That meant no individual could interact with or alter the digital token anymore.

Thus, the sudden developer exit raised eyebrows.

Is it a calculated exit ahead of possible volatility or offloading assets left from tutorial days?

Bearish sentiments prevail

TST’s momentum has shifted to bearish following the developments.

Coinglass data shows its Open Interest plunged sharply by 6.15% after the sudden sell-off.

For context, Open Interest tracks the total outstanding perpetual swap or futures contracts.

A decline in this metric shows traders exiting positions without executing new ones, indicating increased caution or fading optimism.

Also, TST displays weakness on its daily price chart.

It has retraced to $0.02561 with a 30% increase in 24-hour trading volume, indicating increased activity from participants potentially closing their positions.

Test Token: a coin with zero purpose?

TST’s primary challenge is that it lacks real-world utility.

It was an experimental asset to show developers how to deploy tokens on the BNB Chain.

TST doesn’t power any NFT platform, metaverse project, or DeFi app.

However, even useless things can find a considerable following in the crypto world.

TST has over 16K followers on X. Players often treat these assets like meme tokens, waiting for hype to propel prices.

Meanwhile, the latest developer exit has tested the community’s optimism.

The post Test (TST) price turns bearish as developer liquidates entire holdings appeared first on CoinJournal.

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Dogecoin price prediction: DOGE to rally to $0.3 if $0.22 support holds

Key takeaways

  • DOGE rallied by 16% last week to hit the $0.23 mark.
  • The leading memecoin could rally to the $0.30 psychological mark if market momentum remains bullish.

DOGE breaks above $0.20, targets new highs

DOGE, the native coin of the Dogecoin ecosystem and the leading memecoin, performed excellently over the last seven days. The coin added 16% to its value during that period, surpassing the $0.20 mark in the process.

At press time, DOGE is trading at $0.2344 and could be set to hit the $0.30 mark for the first time since February 2025. The rally comes as the broader cryptocurrency market recorded excellent gains over the past few days.

Bitcoin, the leading cryptocurrency by market cap, hit the $122k mark earlier today after adding 3% to its value over the weekend. Ether surged past $4,300 for the first time in four years and is now targeting the all-time high price of $4,891.

DOGE targets $0.3 amid bullish momentum

The leading memecoin could continue its rally as bullish momentum engulfs the broader market. The DOGE/USD 4-hour chart is bullish and efficient, suggesting that traders could be gearing up to push the price higher.

The MACD lines have crossed into positive territory while the RSI of 66 shows that buyers are currently in control of the market. If the market momentum persists, the DOGE/USD pair could cross the first major resistance level at $0.2865 over the coming hours or days. An extended bullish run would pave the way for DOGE to surpass the $0.30 mark for the first time since February 2025.

DOGE/USD 4H Chart

However, the market might show signs of exhaustion, resulting in a bearish trend. If that happens, DOGE could retest the first major support level and its 4H TLQ at $0.2208. Failure to hold this support level could see DOGE drop further towards the Break of Structure (BOS) around $0.2098.

The post Dogecoin price prediction: DOGE to rally to $0.3 if $0.22 support holds appeared first on CoinJournal.

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Best crypto to buy now: Bitcoin Penguins’ presale nears the final stretch as altseason momentum builds

  • With altseason momentum heating up, the BPENGU presale is approaching its final stages.
  • The BPENGU presale has already raised over $2.5 million in just days, and the clock is ticking.
  • The current price sits at $0.00141, but will rise soon, making this one of the final low-cost entry points before the September 2 exchange listing.

The crypto market is entering a decisive phase. Bitcoin (BTC) has pushed above $120,000 and is edging toward its all-time high of $123,218,

Ethereum (ETH) is trading above $4,300 after a blistering 22% weekly rally, and altcoins are surging in tandem.

When Bitcoin consolidates near record levels, capital often flows into higher-risk, higher-reward plays — the hallmark of altseason.

That dynamic is in full swing now, and Bitcoin Penguins (BPENGU) may be the most compelling opportunity left in the current cycle.

The BPENGU presale has already raised over $2.5 million in just days, and the clock is ticking.

With a hard deadline of August 27 or a $10 million cap — whichever comes first — the window to get in is rapidly closing.

The current presale price sits at $0.00141, but will rise soon, making this one of the final low-cost entry points before the September 2 exchange listing.

From Pudgy Penguins to Bitcoin Penguins: the meme meta evolves

Pudgy Penguins exploded nearly 500% from late June before a sharp 30% correction in recent days, a likely sign of investors rotating profits into fresher opportunities.

Its success cemented penguin-themed tokens as this cycle’s meme meta, blending hyper-memetic branding with viral community growth.

Bitcoin Penguins takes that formula further. While Pudgy lives on Ethereum, BPENGU integrates directly into the Bitcoin ecosystem, tapping into the $2 trillion market cap and institutional tailwinds of the world’s largest cryptocurrency.

This strategic shift could attract both meme coin traders and long-term Bitcoin believers.

BPENGU’s design also minimises market supply through its staking program — and offers something no other meme coin does: a weekly provably fair lottery awarding one staker an entire Bitcoin.

It’s an innovative incentive that strengthens community engagement and drives long-term holding.

Bitcoin Penguins: the presale to watch

Beyond price action and tokenomics, Bitcoin Penguins is anchored by a bold mission: to one day purchase land in Antarctica and turn it into a penguin sanctuary.

This narrative gives the project a cultural and emotional edge, enhancing its viral potential.

As many analysts note, mission-driven memes can sustain momentum far longer than hype alone.

With altseason momentum heating up, the BPENGU presale approaching its final stages, and the September 2 listing already set, Bitcoin Penguins offers one of the most asymmetric bets in the market.

For investors chasing the best crypto to buy now, this may be the last chance to catch the next penguin-powered moonshot before it leaves the nest.

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ZRO soars 22% as LayerZero proposes to acquire Stargate Finance

Key takeaways

  • LayerZero’s ZRO outperformed the market, adding over 20% to its value in 24 hours.
  • The rally comes after LayerZero submitted a proposal to acquire Stargate Finance.

ZRO rallies on Stargate acquisition proposal

ZRO, the native coin of the LayerZero ecosystem, is one of the best performers in the market over the last 24 hours. The coin added 22% to its value during that time, allowing it to hit the $2.5 mark for the first time since May.

The rally was fueled by LayerZero’s proposal to acquire Stargate Finance (SGT). LayerZero Foundation proposed a $110 million acquisition of the Stargate bridge to the Stargate DAO.

With the proposal now in place, STG token holders will soon vote on the proposal. If approved, the STG token would be discontinued, and holders could swap STG for ZRO. SGT also rallied by over 15% since the announcement, as the proposal already has a 70% approval threshold. The proposal stated that,

“This offer is designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap that expands its prerogative outside of bridging, while tying an incredible, revenue-generating protocol that touches the end-consumer deeper into the LayerZero ecosystem.”

ZRO targets $2.8 as bullish momentum remains

The recent rally has seen the ZRO/USDT pair become bullish, with technical indicators pointing to potential upward movement. However, the pair is inefficient, suggesting that ZRO could temporarily dip to grab liquidity before rallying higher.

The RSI of 79 shows that ZRO is heading into the overbought region if the rally continues. The MACD lines are within the positive territory, indicating that buyers are currently in control.

ZRO/USDT 4H Chart

If the rally persists, ZRO could target the next resistance level at $2.8 over the next few hours or days. An extended bullish trend could pave the way for ZRO to hit the $3 psychological mark.

However, if the market undergoes a correction or retracement, ZRO could drop to the first liquidity region at $2.0. Failure to defend this liquidity zone would see ZRO retest the TLQ at $1.89.

The post ZRO soars 22% as LayerZero proposes to acquire Stargate Finance appeared first on CoinJournal.

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Best presale crypto to buy now: why Bitcoin Penguins is grabbing eyeballs

  • This year, no presale has captured more attention than Bitcoin Penguins (BPENGU).
  • Part of BPENGU’s appeal is its fusion of meme coin culture with Bitcoin’s network credibility.
  • If BTC continues to range near all-time highs, altcoins like BPENGU could see outsized gains.

Crypto presales have long been a fertile ground for high-risk, high-reward plays, allowing early investors to get in before tokens hit the open market.

Prices often rise gradually during presales, and when executed well, these campaigns can produce life-changing returns.

This year, no presale has captured more attention than Bitcoin Penguins (BPENGU).

Launched just 2 weeks ago, BPENGU has already raised over $2 million, making it one of the fastest-growing presale tokens of 2025 so far.

And unlike many presales that drag on for months, Bitcoin Penguins is operating on a compressed timeline: the goal is to close funding within the next 20 days or the moment it reaches $10 million.

That urgency is creating a fear of missing out, rarely seen in this sector.

At its current stage price of $0.00134, early buyers are looking at a direct path to potential short-term profits, with the first opportunity to sell coming right after the confirmed September 2 exchange listing.

But the bigger draw is the longer-term target — the development team is aiming for a $2 price by the end of the year.

That’s a projected gain of over 100,000%, meaning a $1,000 investment now could, in theory, grow to around $1 million.

Why BPENGU stands out

Part of BPENGU’s appeal is its fusion of meme coin culture with Bitcoin’s network credibility.

Its closest thematic cousin, PENGU, soared to a $3.24 billion market cap in just six months — proof that penguin-themed assets have staying power.

But BPENGU’s roadmap suggests a more strategic approach: exchange listings in Q3, partnerships with toy manufacturers, the launch of a BTC/BPENGU pair, and multi-chain expansion.

The marketing narrative also leans into the broader altcoin season trend, where meme-themed tokens historically outperform during Bitcoin consolidation phases.

If BTC continues to range near all-time highs, altcoins like BPENGU could see outsized gains.

That mix of narrative and execution is attracting both retail speculators and seasoned crypto traders.

Macro tailwinds for risk assets

The presale boom is unfolding against a supportive macro backdrop.

Over the weekend, Federal Reserve Governor Michelle Bowman signalled she supports three interest-rate cuts this year, with the first potentially arriving in September.

Lower borrowing costs generally increase liquidity in the market, boosting investor appetite for riskier assets like altcoins and presales.

With crypto markets already showing renewed strength, and a unique presale model that rewards both speed and conviction, Bitcoin Penguins is positioning itself as more than just another viral token — it’s shaping up to be the standout presale of 2025.

The post Best presale crypto to buy now: why Bitcoin Penguins is grabbing eyeballs appeared first on CoinJournal.