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  • XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

    XRP Price

    • XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
    • Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
    • XRP’s technical outlook suggests further price declines.

    Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

    Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

    This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

    Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

    However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

    XRP price – bulls fail to hold $3.00 amid crypto downturn

    In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

    While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

    Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

    As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

    Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

    Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

    ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

    On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

    A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

    The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

    Ripple price prediction

    XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

    XRP price chart by TradingView

    On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

    Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

    The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

    If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

    On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

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  • Bitcoin drops to $115K amid third major wave of profit-taking, new tariff tensions

    Bitcoin drops to $115K amid third major wave of profit-taking, new tariff tensions

    Bitcoin drops to $115K amid third major wave of profit-taking, new tariff tensions

    • Bitcoin (BTC) fell 2.3% to ~$115,300, pressured by a third major wave of profit-taking and new US tariffs.
    • $6–8 billion in realized gains were recorded in late July, with an “OG whale” selling 80,000 BTC on July 25.
    • New tariff tensions, including measures targeting Canada, have rattled broader risk assets, including crypto.

    Bitcoin is poised to end the trading week in Asia on a weaker note, down 2.3% on the day and changing hands above the $115,300 mark.

    The leading cryptocurrency is grappling with a combination of renewed tariff pressure from the White House and a significant wave of profit-taking, following its historic run to new all-time highs.

    According to a new report by on-chain analytics firm CryptoQuant, the Bitcoin market has just experienced its third major profit-taking wave of the 2023–2025 bull cycle.

    A substantial $6–8 billion in realized gains were recorded in late July, indicating a significant number of investors chose to cash in on the recent price surge.

    Like the previous two phases of profit-taking in this cycle, this latest wave was defined by large spikes in the Spent Output Profit Ratio (SOPR), a metric that indicates whether coins being sold are in profit or loss. This was particularly evident among short-term holders.

    The wave was further intensified by a significant 80,000 BTC sell-off by an “OG whale” (an early, long-time holder) on July 25.

    The data provider also noted that “new whale cohorts”—those who have accumulated their Bitcoin within the last 155 days—were the dominant sellers during this period.

    In a clear sign of intent to exit positions at what were perceived as peak prices, exchange inflows surged to a massive 70,000 BTC in a single day after the OG whale’s sell-off.

    The selling pressure was not confined to Bitcoin alone; Ethereum-based whales holding assets like WBTC (Wrapped Bitcoin), USDT, and USDC also realized up to $40 million in daily profits, further supporting the narrative of a broad-based capital rotation out of some positions.

    Historically, these major profit-taking events have been followed by a two- to four-month period of market consolidation before the next major leg higher, CryptoQuant wrote in its report.

    That very pattern may be playing out again, particularly as appetite from US investors appears to be waning. The Coinbase premium, a key indicator that tracks the price difference between Coinbase and other global exchanges, has recently flipped negative.

    This suggests that American buyers are no longer willing to pay a premium for Bitcoin, a sign of cooling demand in a crucial market.

    Tariff jitters return, adding to market pressure

    Adding to this cautious internal market dynamic is the re-emergence of macroeconomic risk.

    A new round of global tariffs from the White House is dragging down markets in Asia, with Japan’s Nikkei 225 and South Korea’s KOSPI both opening in the red.

    Bitcoin, too, is not immune to these pressures. Historically, digital assets have tended to follow equity markets lower when the White House announces new tariffs, and while this correlation has shown signs of weakening, it has not disappeared entirely.

    President Trump’s latest tariff escalation, which includes new measures that specifically target Canada, has rattled broader risk assets, with equities, bonds, and crypto all seeing declines amidst fears of renewed inflation and further supply chain disruptions.

    Without a clear new macro catalyst or a resurgence of strong, structural inflows, risk-taking in the crypto market is likely to remain selective, with conviction being light. Market maker Enflux, in a note to CoinDesk, echoed this sentiment.

    “Until BTC or ETH can post a clean reclaim of recent local highs, price action may stay choppy and rotation thematic rather than trend-driven,” the firm stated, suggesting a period of sideways, volatile trading may lie ahead.

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  • Memecoin (MEME) jumps 29% amid significant volume spike

    Memecoin (MEME) jumps 29% amid significant volume spike

    • Memecoin price rose 29% in 24 hours to hit highs above $0.0023.
    • Daily volume spiked 600% as MEME jumped amid a technical breakout.
    • Altcoins are bullish and an anlyst says MEME price could surge 690%.

    Memecoin (MEME), a meme token of the Memeland platform, has surged by 29% in the past 24 hours.

    This sudden price surge, which has come amid a notable spike in trading volume, has MEME trading at levels that might see bulls take further control.

    While profit taking remains a potential setback, bullish momentum is largely in place as the broader cryptocurrency market gets a boost from institutional demand and regulatory support.

    Memecoin’s surge is also not isolated in the meme token ecosystem.

    Pepecoin, DOGS and Pump.fun are among those seeing a significant upside amid a backdrop of bullish projects for altcoins.

    Dogecoin, Shiba Inu and TRUMP have also signaled resilience.

    Volume spikes as MEME token surges 29%?

    MEME’s price jump follows a technical breakout and overall flip in memecoins.

    With a 29% spike in 24 hours, this token’s value is back at $0.0023 levels seen in May.

    The gains also mean the price has increased 75% from lows of $0.0012 seen in June.

    Daily volume has also jumped 600% to over $170 million, notable activity as the token benefits from speculative buying on launchpad sentiment.

    In recent months, tokens such as PUMP and RAY have exploded on launchpad anticipation and adoption.

    Memecoin price rose amid a technical breakout

    However, the MEME price remains well over 95% down since reaching its all-time highs of $0.081 in November 2023.

    What’s next for Memecoin price?

    Crypto analysts point to Memecoin’s uptick amid a breakout from a large falling wedge pattern.

    In the market, a falling wedge breakout is a technical formation that usually suggests a reversal from a downtrend.

    The token is showing a regular bull divergence, to signal bullish strength.

    According to analyst Javon Marks, MEME could be poised for a significant upward movement.

    The forecast aligns with the analyst’s earlier predictions from July 12, 2025, when Marks identified a falling wedge breakout.

    “MEME (Memecoin) is currently showing MAJOR STRENGTH and with prices still being broken out of a large Falling Wedge as well as coming off of a huge Regular Bull Divergence, there can be significantly more bullish action coming!,” noted crypto analyst Javon Marks.

    According to the analyst, MEME prices are likely to skyrocket if bulls take control.

    The memecoin’s price could target $0.018, a level that would represent a staggering 690% upside.

    Conversely, a failure to maintain momentum might see prices retreat, testing lower support levels. Likely, these will be at $0.0016 and $0.0014.

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  • Bitcoin price forecast: White House crypto report omitted BTC reserve update

    Bitcoin price forecast: White House crypto report omitted BTC reserve update

    Bitcoin price forecast

    • White House report omitted Bitcoin reserve update.
    • BTC holds steady near $118k with bullish technical signals.
    • ETF inflows and low selling pressure fuel price optimism.

    Bitcoin (BTC) is entering August 2025 in a position of strength, despite growing anticipation over a missed opportunity in Washington.

    On July 31, the White House released its long-awaited crypto policy report, but to the dismay of Bitcoin advocates, it made no substantive update on the Strategic Bitcoin Reserve initiative first announced in March.

    Nevertheless, as the federal silence lingered, market indicators revealed that BTC could be gearing up for another bullish breakout.

    This disconnect between regulatory direction and market performance is reshaping sentiment as traders weigh both political cues and on-chain metrics.

    White House fails to clarify on BTC reserve

    For months, Bitcoin supporters had looked forward to the July crypto policy report, especially after the Trump administration signalled a pro-Bitcoin stance earlier this year.

    In March, an executive order established the Strategic Bitcoin Reserve, drawing comparisons to El Salvador’s bold accumulation strategy.

    Hopes were high that the report would outline further steps to expand the reserve or detail future BTC acquisitions by the US government.

    However, the 166-page report only briefly mentioned the reserve initiative. Tucked away in its final section, the mention served more as a recap than an expansion plan.

    While the document introduced detailed proposals on regulation, banking access, and tax reform, it failed to address whether the US would actively purchase Bitcoin as a strategic asset.

    The omission disappointed many in the crypto community. Several analysts called it a missed opportunity, especially given Bitcoin’s growing stature on the global asset leaderboard.

    Still, others viewed the report’s tone as a step forward, with Bitcoin now being discussed independently from other digital assets — a clear sign of evolving recognition.

    Bitcoin (BTC) is resilient despite political ambiguity

    Even without direct government support through reserve accumulation, Bitcoin’s performance remains robust.

    The cryptocurrency surged to a new all-time high of approximately $123,000 on July 14.

    After a modest correction, it has been consolidating in a tight range between $117,000 and $118,000, currently trading at $118,383.

    This steady behaviour comes even as the broader crypto market has experienced more dramatic swings.

    The contrast has sparked speculation that Bitcoin’s price is preparing for a sharp move. Given the current low selling pressure and increased institutional interest, any upward shift could gather momentum quickly.

    The GENIUS Act, signed recently into law, also added to Bitcoin’s tailwinds by making stablecoins more accessible.

    Although rate cuts did not materialise in the latest Federal Reserve decision, the steady macro environment appears to be offering BTC room to rally independently.

    ETF inflows and technical signals remain bullish

    Market structure continues to favour the bulls. Spot Bitcoin ETFs saw massive inflows in mid-July, with over $2 billion entering the market in just two days.

    BlackRock’s IBIT alone now holds more than $80 billion in assets under management. These ETFs are now among the largest Bitcoin holders, owning around 1.4 million BTC — roughly 6.6% of the total supply.

    On the technical side, the MVRV ratio currently sits near its 365-day average at 2.2, historically a level that precedes major rallies.

    Bollinger Bands are tightening, and the RSI remains neutral at 42.65, suggesting there’s still room for price expansion.

    Bitcoin price analysis

    Going by the technical analysis, if BTC breaks above $119,900, a return to its all-time high could be swift.

    Trade volume also supports this outlook. In the past 24 hours alone, Bitcoin’s volume rose by 12%, reaching $70.3 billion.

    This growing activity, paired with strong holding behaviour among long-term investors, signals that upward pressure could intensify in the coming days.

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  • Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction: ETH derivatives data shows weak momentum

    Ethereum price prediction

    • ETH derivatives show weak momentum despite strong ETF inflows.
    • Ethereum’s network activity and TVL continue to decline.
    • Technical analysis hints at long-term upside, but traders stay cautious.

    Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time.

    However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon.

    In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises several questions for market participants.

    Is Ethereum’s recent rally sustainable, or is it merely a reflection of speculative optimism driven by ETF hype?

    Furthermore, are investors losing confidence in Ethereum’s network fundamentals amid rising competition from rival blockchains?

    Derivatives market tells a cautious tale

    While Ethereum’s spot market has been energised by inflows into exchange-traded funds, futures data shows traders are hesitant to commit to leveraged bullish positions.

    As of Thursday, the annualised funding rate for ETH perpetual futures had fallen back to 9%, down from 19% earlier in the week, with the ETH OI-weighted funding rate dropping to 0.0043% from 0.0163% on July 21.

    ETH OI-weighted funding rate

    This suggests waning demand for long positions, even after a near 46% gain in ETH price since early July.

    This behaviour is unusual. Historically, rising prices coincide with stronger futures premiums, yet the current trend indicates hesitation.

    The 3-month ETH futures premium has also softened slightly to 6%, down from 8% just days ago.

    While this still sits within a neutral range, it reveals a reluctance among whales and market makers to bet aggressively on further price appreciation in the near term.

    Ethereum network weakness frustrates investors

    The cautious tone in derivatives is likely being fueled by stagnant on-chain activity.

    Ethereum’s total value locked (TVL) dropped to a five-month low of 23.4 million ETH, falling 11% in just 30 days.

    That sharp decline comes despite ETH’s rising dollar value and highlights a significant reduction in the volume of assets being deployed within the ecosystem.

    In contrast, Solana’s TVL only fell 4% during the same period, while BNB Chain’s TVL rose 15% in native token terms.

    These shifts show that competing platforms are either maintaining or growing their utility at a time when Ethereum’s activity appears to be plateauing.

    Even more concerning is Ethereum’s decline in dominance among decentralised exchange (DEX) volumes.

    According to DefiLlama, Ethereum recorded $81.32 billion in DEX activity over the past month.

    Solana surpassed that with $82.9 billion, while BNB Chain led with a staggering $189.2 billion.

    These figures highlight that Ethereum is no longer the go-to platform for certain core DeFi activities.

    Technical analysis signals a mixed ETH price outlook

    Despite lukewarm derivative activity, technical analysts remain divided on Ethereum’s future trajectory.

    Popular investor Ivan On Tech has pointed to a symmetrical triangle pattern that could lead to a breakout toward $7,709, more than double the current price.

    Meanwhile, another analyst, Mikycrypto Bull, has identified a long-term ascending triangle formation dating back five years, which could theoretically launch ETH as high as $16,700.

    Adding to the bullish sentiment is a recent MACD crossover on the monthly chart, a signal that has preceded major rallies in previous cycles.

    However, while long-term technicals hint at explosive potential, short-term forecasts are more cautious.

    ETH must first break through $4,100 and hold above $3,700 to sustain its upward momentum.

    Corporate confidence grows amid market doubts

    Institutional and corporate adoption of Ethereum continues to grow.

    Firms such as SharpLink Gaming and World Liberty Financial have accumulated substantial ETH reserves in recent months.

    SharpLink now holds over 438,000 ETH and actively stakes its assets to generate passive income.

    World Liberty Financial has acquired over 77,000 ETH, with recent purchases near $3,294 per coin.

    These moves suggest that some institutions are positioning Ethereum as a long-term strategic asset.

    Their investments reflect confidence in Ethereum’s evolving role as foundational infrastructure for decentralised applications and finance.

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  • IP token jumps 12% as Grayscale launches Story Trust

    IP token jumps 12% as Grayscale launches Story Trust

    Story IP Bullish

    • Grayscale Investments has launched the Grayscale Story Trust to offer accredited investors exposure to IP token.
    • Grayscale’s announcement saw IP price jump 12% to hit highs of $6.41.
    • Bulls could target a new all-time high.

    Grayscale Investments, the world’s leading digital asset management firm, has launched a new crypto investment product, the Grayscale Story Trust.

    The product, announced on July 31, 2025, is designed to offer accredited investors access to a digital asset product allowing for exposure to Story Network’s native token IP.

    Grayscale launches Story Trust

    On July 31, 2025, Grayscale announced the launch of its Grayscale Story Trust, a product the asset manager says will expose investors to a project set to play a key role in the global intellectual property economy. Currently, the IP economy stands at over $80 trillion.

    The Story network’s programmable IP focus aims to revolutionize the management, licensing, and monetization of intellectual property. Artificial intelligence (AI) and digital rights management are a major part of this growing market.

    “Grayscale Story Trust gives investors exposure to a protocol shaping the foundational intellectual property layer for the information and AI era,” said Rayhaneh Sharif-Askary, head of product & research at Grayscale. “That includes not just creative content, but real-world data — the force powering one of today’s most advanced intelligent systems.”

    IP price jumps 12% amid Grayscale news

    Grayscale Investments has launched over 30 crypto investment products. Story Trust is the latest offering. It expands the firm’s diverse crypto offerings. However, there’s more.

    The product also signals a pivotal moment for the integration of blockchain technology into the global IP market.

    Story (IP) could be poised to lead this transformation, a scenario that could augur well for the native token’s price.

    “The launch of Grayscale Story Trust reflects growing recognition that intellectual property, in all forms, has the potential to become one of the most important assets of the AI era. With $IP now available via a Grayscale Trust, investors can gain exposure to the infrastructure layer that enables programmable licensing and attribution across AI and creative applications,” said SY Lee, chief executive officer and co-founder of PIP Labs, a core contributor to Story.

    As the Grayscale news broke, IP price jumped 8% to hit highs of $6.35 at the time of writing.

    With sentiment bullish and altcoins looking to extend upside momentum, Story’s native token could edge towards February 2025 highs of $7.12. Currently, the token is looking at a five-month high and could allow bulls to target the all-time high of $7.33 reached on February 26.

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  • SUI price outlook: bulls on edge as $173M token unlock looms

    SUI price outlook: bulls on edge as $173M token unlock looms

    SUI price outlook: bulls on edge as $173M token unlock looms

    • Sui gained 7% in the past day to $3.94 intraday high.
    • A massive unlock on August 1 sparks fears of potential bearish pressure.
    • Holdings above $0.275 could support imminent breakouts.

    Digital currencies saw mild gains on Friday as the global crypto market cap increased by 0.55% the previous 24 hours to $3.9 trillion.

    While most alts signal recoveries, SUI led today’s gainers with an over 7% surge to $3.94.

    The uptrend has excited enthusiasts who are watching for new breakouts.

    Nevertheless, the upcoming $173 million SUI unlock on August 1 has dented investor confidence due to potential selling pressure after the massive token release.

    Can the altcoin withstand the bearish storm?

    SUI’s August 1 unlock

    Token unlocks are usual in the cryptocurrency market, but they often trigger anxiety as they can influence short-term price actions.

    Sui’s upcoming unlock isn’t an exception.

    According to Tokenomist, Sui will release 44 million tokens, worth around $173 million at current prices, on August 1.

    That’s a massive figure, especially considering the prevailing broad market uncertainty and SUI’s market dynamics.

    Significant token unlocks flood the markets, possibly introducing substantial selling pressure when recipients offload part of their balances.

    In Sui’s case, the $173 million unlock could test its current momentum.

    The altcoin trades at $3.95, and participants would now closely watch the ‘reliable’ support barrier at $3.75.

    The foothold has previously held strong amid pullbacks.

    If SUI holds $3.75 throughout unlock-driven volatility, it would be an optimistic signal.

    Healthy performance after token release will indicate impressive demand despite the surge in supply.

    Such an outlook would position Sui as a maturing blockchain unbothered by short-term events.

    Bulls could hold the line after July’s robust performance

    The primary question remains whether buyers can maintain control amidst the supply shock.

    The latest uptick to $3.94 has renewed optimism about another breakout.

    However, SUI should hold above the support at $3.75 to absorb the upcoming token supply without panic selling.

    Meanwhile, SUI heads into August after an impressive monthly performance, which will likely add upside steam.

    Sui’s total value locked closed July with a fresh all-time high above $2 billion after stable uptrends since late June.

    A surging TVL is crucial since it confirms the chain’s overall financial health, highlighting increased adoption and growth.

    It is a key liquidity indicator.

    More total value locked makes it easier for individuals to execute trades without substantial price slippages.

    Also, SUI’s decentralised exchange (DEX) volume hit record highs of $14.3 billion in July.

    SUI’s current price outlook

    The altcoin displayed impressive recoveries after hitting a low of $3.69 yesterday.

    SUI trades at $3.94 with a 15% uptick in trading volume, demonstrating a possible momentum shift to the upside.

    Short-term technical indicators suggest a buyer comeback.

    The MACD has just made a bullish crossover with the signal line on the 3H timeframe.

    Moreover, the RSI at 52 suggests neutral sentiments as bulls look to flip the script.

    Holding $3.75 amid the looming unlock might support uptrends to the Monday high near $4.35, opening the path to $5.

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  • Michael Saylor’s Strategy snaps up 21K Bitcoin after 2025’s biggest IPO

    Michael Saylor’s Strategy snaps up 21K Bitcoin after 2025’s biggest IPO

    Michael Saylor’s Strategy snaps up 21K Bitcoin

    • Strategy bought 21K Bitcoin using $2.5B from the STRC stock sale.
    • STRC IPO is 2025’s biggest, offering a 9% monthly dividend.
    • Strategy now holds 628,791 BTC worth nearly $74 billion.

    In a bold continuation of its aggressive Bitcoin (BTC) accumulation strategy, Michael Saylor’s Strategy Inc. has acquired 21,021 Bitcoin after executing what is now the largest initial public offering (IPO) in the United States in 2025.

    The company, formerly known as MicroStrategy, announced on July 29 that it had completed the massive purchase using proceeds from its latest preferred stock offering.

    This landmark move comes amid a relatively volatile Bitcoin market and further cements Strategy’s dominance as the world’s largest publicly traded corporate holder of the cryptocurrency.

    Michael Saylor’s Strategy record IPO

    Strategy raised a staggering $2.5 billion through the public sale of its new Variable Rate Series A Perpetual Preferred Stock, designated as STRC.

    The stock was offered at $90 per share, significantly surpassing the company’s initial fundraising goal of $500 million.

    According to the company’s press release, the offering drew strong investor demand, allowing Strategy to quintuple its original target.

    With the offering successfully closed, Strategy quickly deployed $2.46 billion of the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per coin.

    This acquisition marks the company’s largest Bitcoin buy since March 31 and brings its total holdings to 628,791 BTC — now valued at nearly $74 billion.

    STRC set to begin trading on Nasdaq

    The newly issued STRC preferred shares are expected to begin trading on the Nasdaq Global Select Market on July 30.

    Strategy describes STRC as the first exchange-listed perpetual preferred security from a Bitcoin treasury company that offers monthly, board-adjusted dividends to income-focused investors.

    The initial dividend rate has been set at 9%.

    STRC is the latest in a series of financial instruments created by Strategy to support its Bitcoin strategy.

    Previous offerings include STRK (Strike), a convertible share with an 8% fixed dividend, STRF (Strife), a non-convertible preferred share with a 10% cumulative yield, and STRD (Stride), which offers a 10% non-cumulative dividend.

    Together, these products reflect the company’s broader strategy of turning capital markets into a Bitcoin acquisition engine.

    Timing the Dip, Saylor doubles down

    Interestingly, Strategy’s Bitcoin purchase comes at a time when the cryptocurrency is trading below its all-time high.

    Bitcoin reached a record $123,091.61 on July 14 but has since hovered between $117,000 and $119,000.

    Strategy’s move is widely seen as an effort to capitalise on the pullback, with many analysts describing it as one of the biggest “buy-the-dip” moves in crypto history.

    Michael Saylor, Strategy’s executive chairman and co-founder, remains one of Bitcoin’s most vocal proponents.

    Saylor has previously stated that he believes Bitcoin could reach $13 million per coin by 2045.

    His continued confidence in the digital asset, despite its short-term volatility, is evident in the scale and timing of this latest purchase.

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  • PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

    PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

    • The coin has expanded its presence beyond Ethereum.
    • Users can now enjoy streamlined cross-chain swaps through Stargate Finance.
    • Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days.

    Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy.

    Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours.

    Intensified profit-booking after the recent growth contributes to PENDLE’s weakness.

    However, the altcoin appears poised for a significant rebound as bullish catalysts emerge.

    The team has confirmed that PENDLE is officially live on HyperEVM and BeraChain.

    It represents a key step in Pendle’s multi-chain ambitions as it aims to push boundaries in decentralized finance (DeFi) yield trading.

    Meanwhile, the expansion comes as the altcoin experiences bullish sentiments.

    Data show PENDLE had the highest positive sentiments across all DeFi currencies over the past week.

    With more individuals exploring Pendle, is a significant breakout on the horizon?

    Pendle smoothens cross-chain access

    The best thing about this development is the Stargate Finance integration.

    It allows users to bridge between Ethereum, HyperEVM, and BeraChain smoothly.

    That means users can access Pendle’s flourishing ecosystem regardless of their chain.

    Moreover, the integration promises less friction, faster access, and fewer fees.

    This is a game-changer for investors and DeFi enthusiasts.

    Stargate’s bridge promises smoother capital flow across chains to solve one of the primary bottlenecks in DeFi – interoperability.

    Furthermore, the move unlocks more utility for the PENDLE token in new liquidity hubs as HyperEVM and BeraChain protocols navigate Pendle’s yield markets.

    Positive sentiments dominate the Pendle ecosystem

    Multiple tracking platforms show PENDLE was the most positively discussed DeFi project over the past week.

    It is beyond price actions.

    The trend reflects the depth and tone of conversations about Pendle on crypto forums and social platforms like X and Telegram groups.

    Such sentiments often indicate market direction.

    It shows smart money watching the assets and possibly repositioning before bullish catalysts surface.

    Rising bullish chatter and listing on new platforms shows Pendle is attracting attention and confidence as it solidifies its presence in the DeFi industry.

    PENDLE price outlook

    The altcoin traded in red, losing over 2% in the past 24 hours.

    PENDLE hovers at $4.37, with a weakening trading volume reflecting dominant bearish tendencies in the broad market.

    Also, it experienced considerable profit-taking after the latest rally from $3.2633 on 4 June to last week’s $4.8747.

    Nonetheless, PENDLE hasn’t ruined its bullish structure. It trades well above the key support barriers of $3.60 and $2.80.

    Continued declines to these levels could catalyze massive buying interest, if history repeats itself.

    Bullish bounce-backs may clear the path for stable rallies toward $5.20 before extending to the psychological barrier at $7.

    That would be an approximately 60% increase from PENDLE’s market price.

    However, the $6.0 – $6.5 region will be a vital breakout area.

    A decisive weekly closing above this zone could trigger intensified buying and propel PENDLE to the target at $12.0 – $14.

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  • XDC Network price forecast amid Binance US listing news

    XDC Network price forecast amid Binance US listing news

    XDC Network price forecast amid Binance US listing

    • XDC Network token price surged above $0.10 after the Binance.US listing news.
    • The token’s price has since dipped, but it still holds strong above key support at $0.085.
    • Fundamentals like LayerZero and ETP launch fuel the uptrend.

    The XDC Network has been gaining traction in recent weeks, and its latest listing on Binance.US has only amplified the growing market interest.

    After months of steady progress, the blockchain project is now in the spotlight following a sharp price movement and renewed investor confidence.

    Binance US listing sends XDC price soaring

    On July 30, Binance.US officially opened trading for the XDC/USDT pair, following a brief deposit window that allowed users to prepare their accounts in advance.

    The announcement, which was made on July 29, pushed XDC prices sharply higher, with the token rallying more than 11% within 24 hours. It climbed from around $0.08985 to briefly break above the key $0.10 resistance, peaking near $0.10167.

    This move was not just about speculative hype. The breakout was supported by consistent trading volume and a steady formation of higher lows, indicating that buyers were stepping in rather than exiting the market.

    The surge through the psychological $0.10 level signalled a return of bullish sentiment, which could set the stage for further gains if momentum continues to build.

    Healthy pullback hints at a strategic entry

    Despite the initial rally, XDC experienced a modest retracement after touching the $0.10 mark.

    However, the dip has been largely viewed as a healthy correction within a broader uptrend.

    Importantly, the token remains well above its 20-day exponential moving average, which has consistently acted as dynamic support during the recent rally.

    XDC Network token price chart

    The price is now hovering around the $0.098 mark, with the $0.085–$0.088 region emerging as a critical support zone. This area coincides with former resistance and trendline support, making it a strong demand level.

    Should buyers defend this zone, the token could make another attempt at breaking above its recent high, potentially targeting $0.105 or even $0.115 in the near term.

    Strong fundamentals are driving the uptrend

    The recent price movements are not happening in isolation.

    Several strong fundamental factors have been reinforcing XDC’s upward momentum. Chief among them is its successful integration with LayerZero, which went live on July 9.

    This cross-chain upgrade has enabled seamless and zero-slippage transfers between XDC and major networks like Ethereum and Solana. This has significantly boosted XDC’s utility and interoperability, making it more attractive to both developers and long-term investors.

    Additionally, institutional interest in XDC is growing. The launch of the 21Shares XDC ETP on Euronext Amsterdam and Paris earlier this month marked a major milestone in XDC’s journey toward mainstream adoption.

    On top of that, its partnership with Archax — a regulated digital securities exchange — has positioned XDC well for compliance under the EU’s Markets in Crypto-Assets (MiCA) framework, signalling an alignment with regulatory expectations.

    What traders should watch for next

    With the Binance.US listing now live, traders are closely watching how the market reacts in the days following the event.

    While early price spikes are common during major listings, sustained growth depends on volume retention and broader market sentiment.

    XDC’s ability to maintain support above the $0.085 zone could be crucial in determining its short-term direction.

    If buyers continue to defend this level, and if broader crypto markets remain stable, XDC could soon challenge its next resistance levels at $0.11 and $0.12.

    However, a failure to hold key support could open the door for a retest of the $0.080 area, which may unsettle short-term bulls.

    For now, the current dip could be a potential buy-the-dip opportunity within a strong uptrend.

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