Tag: defies

  • Decred defies market downtrend, jumps to 4-year high: analysts see path to $100

    Decred defies market downtrend, jumps to 4-year high: analysts see path to $100

    Decred Price Bullish

    • Decred price jumped to highs of $65 before paring gains to a key support level.
    • Gains came as privacy coins Zcash and Dash also spiked to the defy broader market dump.
    • DCR could target $100 next after hitting the four-year highs.

    As top coins slip to or below key levels, Decred (DCR) and a few others have bucked the trend with notable spikes.

    The widespread cryptocurrency market slump has seen Bitcoin, Ethereum, and XRP fall sharply, yet Decred is soaring to heights not witnessed since 2021. All this comes as Zcash and Dash stand out amid the ongoing resurgence of privacy-focused assets.

    Decred jumps to 4-year high of $65

    Decred’s price exploded more than 150% in 24 hours to touch a four-year peak above $65, with this coming amid a broader crypto downturn.

    The breakout follows bulls decisively breaching the resistance of a long-term falling wedge, with $40 a key level that allowed DCR to hit highs of $65.78. While the pattern remains in place on the longer term time frame, a little paring of gains has Decred price near $40 and risking profit taking flip.

    What fueled the early Tuesday surge was a staggering increase in trading volume, which skyrocketed over 1,100% to over $172 million. It offered a glimpse of the sharp buyer interest in the coin as privacy coins see traction.

    Zcash, Dash also surge

    Decred’s gains mirrored a broader revival in the privacy coin sector, where Zcash (ZEC) and Dash (DASH) have recently defied bears. In October, Zcash and Dash both rose to key levels, the ZEC spike seeing the altcoin hit 7-year highs.

    While Zcash has been the frontrunner in this pack, privacy coins such as DASH, Railgun, Horizon, Tornado Cash, and Verge have notched gains.

    Can Decred price go to $100 next?

    What privacy coins’ collective rally speaks to is a market rotation, with assets offering financial anonymity and robust fundamentals attractive.

    In this case, Decred stands out for its hybrid proof-of-work and proof-of-stake model, which emphasizes decentralized governance and enhanced security.

    The project recently highlighted its privacy credentials, noting non-custodial peer-to-peer mixing with post-quantum encryption. Users can mix coins while staking for untraceable histories and anonymous governance.

    Also key is DCR’s finite 21 million coin cap, pointing to a potential supply shock as holdings on exchanges like Binance continue to decline.

    Analyst Captain Faibik pointed to a potential spike in DCR price.

    While currently trading at $40.24, Decred still has potential for strong upward momentum.

    However, bulls have to show they are firmly in control by maintaining support above the $40 level. This could pave the way for further gains, potentially targeting $70 or beyond. Bulls hitting $65 means a fresh rally could bring $100 into play.

    On the flipside, $32 and $25 could be key demand reload zones.



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  • Bittensor price surges 12% as TAO defies market slump

    Bittensor price surges 12% as TAO defies market slump

    Bittensor TAO Token

    • Bittensor price continued higher despite the overall crypto market dump.
    • TAO was up by more than 12% amid catalysts such as Grayscale’s Bittensor Trust news.
    • Bulls could target $715 and then the psychological $1,000 mark.

    Bittensor (TAO) has surged by more than 12% in the past 24 hours to rank among the top market performers today, with TAO trading to highs of $475 as it bucks the trend across most altcoins.

    While the uptick came alongside a bounce for decentralized AI protocols, what else helped the Bittensor price up?

    Why is Bittensor price up today?

    TAO’s impressive gains align closely with the recent launch of a liquid staked TAO token, which enhances staking efficiency and liquidity within the Bittensor ecosystem.

    Liquid staking allows users to earn rewards on their TAO holdings without locking assets, enabling participation in DeFi activities like lending or yield farming.

    Platforms such as Tensorplex have facilitated this by bridging TAO to Ethereum and Base networks, issuing stTAO tokens that represent staked positions.

    On October 13, 2025, the Tao. App announced the launch of Virtual TAO (VTAO), a new omnichain liquid staked TAO token powered by LayerZero.

    Users can bridge vTAO from Bittensor to any Ethereum Virtual Machine-compatible chain.

    The token is available across Base, Ethereum and Arbitrum and will soon go live on Solana.

    Also catalysing TAO price gains is the momentum that followed Grayscale’s Bittensor-related news.

    The company filed a Form 10 registration statement with the US Securities and Exchange Commission (SEC) for a Grayscale Bittensor Trust ($TAO) on October 12.

    This filing marks the initial step toward converting the trust into a full SEC Reporting Company under Section 12(g) of the Securities Exchange Act of 1934.

    TAO’s price has surged amid forecasts that the move could fast-track the potential launch of a Bittensor exchange-traded fund.

    TAO price forecast

    Despite the dip to lows of $224 on October 11 amid a crypto bloodbath, Bittensor’s price has received a boost with the above tailwinds.

    After bouncing to highs of $475, TAO’s technical outlook points to potential upside continuation.

    Key indicators on the daily chart, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), give bulls an upper hand.

    Bittensor TAO chart
    TAO price chart by TradingView

    While the daily RSI has climbed to 71, entering overbought territory, it’s not overextended.

    This signals likely buying momentum and investor conviction, and TAO could climb further before pullback amid profit-taking.

    Also, the Moving Average Convergence Divergence (MACD) recently executed a bullish crossover.

    The histogram has expanded and signals more gains.

    Short-term projections for TAO include a surge to a new year-to-date high above $500, with bulls likely to eye December 2024 peak above $715.

    The $1,000 level is a major target for buyers.

    However, risks such as broader market corrections could allow bears to test levels below the $300–$360 support zone.

    $225 and then $180 are key levels.

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  • Bio Protocol defies crypto downturn with a 720% surge in volume

    Bio Protocol defies crypto downturn with a 720% surge in volume

    Bio Protocol Price

    • Bio Protocol price rose more than 50% as bulls defied broader market selling to hit $1.46
    • Despite overall sell-off pressure, BIO price is up double-digits in 24 hours as volume spikes 720%.
    • BIO has benefited from key network developments, including staking and partnerships.

    The price of Bio Protocol (BIO) shrugged off a broader crypto downturn to lead 24-hour gainers on Monday.

    With the project that’s targeting the decentralized science (DeSci) ecosystem hitting key milestones recently, buyers have upped the ante by pushing BIO higher.

    BIO price surges nearly 50% to lead top gainers

    The Bio Protocol (BIO) price saw a significant surge as top altcoins struggled amid profit taking.

    With Bitcoin shedding gains to below $116k and Ethereum dipping to $4,200, the BIO token climbed nearly 50% to lead the top gainers.

    Per CoinMarketCap, this put the decentralized science project among the 500 largest cryptocurrencies by market capitalization.

    Notably, Bio Protocol traded up from lows of $0.10 and topped $0.15.

    The uptick meant BIO defied overall declines across the market, with gains coming as its 24-hour volume spiked 720% to over $393 million.

    Although BIO remains double-digits up with over 21% upside in the past 24 hours, it has dropped from the $0.15 high. This shows the overall market weakness as sellers drive it to around $0.12.

    Bio Protocol price chart by CoinMarketCap

    Bio Protocol has hit key network milestones

    Bio Protocol has gained amid significant network milestones in the past week.

    As the DeSci economy picks up, the Bio Protocol team has positioned the project for greater traction with the launch of Bio Markets.

    The goal is a platform that brings real-time insights into projects within the Bio Protocol ecosystem.

    Markets bring growth trends and in-app trading for BioDAOs, and Bio plans to expand trading capabilities to IP-Tokens and new BioAgents.

    Staking activity has also soared, with over 125 million BIO tokens staked, up to 3.5% of the circulating supply.

    As the Bio team recently noted, staking generates BioXP, a key component for participating in upcoming Ignition Sales.

    Unveiling of Yapping BioXP, also set to go live in the app this week, includes a boost campaign for BioAgents, further incentivizing community engagement.

    What does it mean for BIO price?

    Bio Protocol also hit a major milestone with CLAW, Percepta’s IP-Token.

    Meanwhile, Molecule’s development of its v2 protocol targets the bridging of traditional corporate structures with DeSci.

    Listing on Coinbase, the top U.S.-based crypto exchange, allows for further institutional adoption.

    “From Bio V2’s launch and 100M+ BIO staked, to Coinbase listing $BIO and VitaDAO advancing longevity trials, the past month marked key steps in AI-driven science and DeSci adoption,” Bio Protocol recently posted.

    Achievement of these milestones could help bolster the price of BIO.

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  • AERO price jumps 20% as it defies crypto downturn

    AERO price jumps 20% as it defies crypto downturn

    • Aerodrome Finance token AERO is skyrocketing.
    • The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
    • Recent Coinbase integration looks to be the key driver.

    Aerodrome Finance’s native token, $AERO, has surged by 20%, reaching $0.96.

    The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

    As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AERO’s resilience stands out.

    Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

    However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

    There’s growing confidence in Aerodrome Finance’s decentralized exchange (DEX) ecosystem on the Base chain.

    Aerodrome Finance price: AERO pumps 20%

    While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

    The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

    It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

    This performance positions $AERO to potentially outpace most altcoins in the short term.

    AERO’s price surge is primarily driven by Coinbase’s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

    The integration, announced recently, exposes $AERO to Coinbase’s 10 million-plus users, boosting liquidity and adoption.

    Additionally, a 1.3× boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

    AERO’s 74% weekly gain and Coinbase’s role in its rally reflect strong community sentiment.

    The Aerodrome Finance team notes the platform is getting greater attention.

    “At Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,” they posted on X.

    “[That’s] why we’re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.”

    Aerodrome Finance price prediction

    Analysts are optimistic about $AERO’s trajectory, given its technical breakout and fundamental catalysts.

    The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

    The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

    However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

    Long-term, $AERO’s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

    With over 1 million tokens locked for governance and public goods, the protocol’s fundamentals remain robust.

    While Middle East tensions may cap broader market gains, $AERO’s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

     



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  • AERGO price falls 12%, defies broader crypto surge

    AERGO price falls 12%, defies broader crypto surge

    • Aergo price has dived 12% as Bitcoin and top altcoins rally.
    • The AERGO token falls amid profit-taking after a staggering 300% surge.
    • Bears could eye levels below $0.20.

    Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.

    These losses come after a staggering 300% surge for AERGO seen earlier this month. The token has nosedived despite a major network update.

    “With AERGO 2.7.0, smart contract verification enters a new era. By embedding AI-powered auditing directly into the platform, AERGO ensures contracts are not only deployed faster but with greater confidence in their security and integrity,” the Aergo team wrote.

    The AERGO price action today

    As of April 23, 2025, the price of AERGO hovered near $0.21, down 12% per data from CoinMarketCap.

    The decline comes amid heightened volatility, with the token’s meteoric rise having given way to massive selling pressure.

    Notably, like other recent explosive tokens such as VOXEL, Aergo has seen a significant spike in concerns over potential market manipulation.

    Analysts have also pointed to potential insider selling, a 44% drop in a single day recently exacerbating the concerns.

    Market analyst Ash Crypto shared in a post on X:

    As AERGO price falls, altcoins such as Deepbook, Zerebro, and Sui have surged in the past 24 hours.

    ETH, XRP, and SOL have led the mega cap alts higher also.

    The upside follows Bitcoin (BTC) edging past key resistance levels to regain $94k.

    BTC’s surge comes amid a weaker US dollar and strong institutional buying, with news on tariffs and other factors catalysing gains.

    Spot Bitcoin exchange-traded funds have also shown strong institutional demand, aligning inflows with Bitcoin’s resilience.

    This means AERGO’s pullback stands out, including the 10% decrease in daily volume.

    AERGO price analysis

    Despite today’s dip, AERGO remained up 222% in the past month, reflecting the recent strength of the altcoin’s surge.

    However, AERGO’s price action reflects a classic post-pump correction.

    After surging to an all-time high near $0.70 on April 16, driven by Binance’s perpetual contracts and DigiFinex’s USDT trading pair listing, the token faced intense selling pressure.

    It means bulls have a lot to do to reclaim recent peaks.

    On the upside, AERGO faces resistance at $0.23 and $0.28, with a break above potentially targeting $0.42.

    The flipside has a dip below $0.20 and a retest of $0.16 and $0.12.

    If Bitcoin sustains its rally and altcoin sentiment continues to be positive, it will be interesting to watch what AERGO does. Will bulls rebound, or are concerns set to push prices lower?



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  • XCN defies Bitcoin and Ethereum slump with 97% spike

    XCN defies Bitcoin and Ethereum slump with 97% spike

    • Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
    • The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
    • Tariffs and other market conditions weigh on investor sentiment.

    Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

    In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

    The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

    XCN price performance

    The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

    According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

    XCN chart by CoinMarketCap

    The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

    XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

    Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

    BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

    Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

    Overall market outlook

    Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

    His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

    S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

    However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

    Dow was down more than 900 points.

    On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

    After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

    This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

    While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

    Peter Schiff said via a post on X:

    “I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”

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  • Stafi (FIS) defies crypto market outlook, token up 13%

    Stafi (FIS) defies crypto market outlook, token up 13%

    Stafi Fis Price Hike
    • Stafi (FIS) price is up 3% in the past 24 hours and 13% this past week.
    • The Staking Finance governance token has seen a spike in whale transactions of $100k+, on-chain data shows.
    • Interest is seeing FIS outperform major altcoins.

    Stafi (FIS), the governance token of the StaFi protocol, has seen a decent spike in the past 24 hours to bring total gains in the past week to more than 13%.

    Currently trading at around $0.29, FIS has outperformed the major cryptocurrencies as they continue to struggle for volatility. All top altcoins by market cap are 2%-5% down in the past seven days, with Bitcoin (BTC) perched above $26k but down 4% in the outlined period. Ethereum, which came under renewed downward pressure following news of Vitalik Buterin’s latest ETH transaction, remains below $1,600 with -3.8% in the past week.

    Why is the price of Stafi (FIS) up today?

    As noted, FIS is a governance token for the Staking Finance, a DeFi protocol that offers access to liquidity of staked assets.

    Other than its use in staking, FIS is used as transaction fees. But traders and investors are increasingly turning to the protocol rTokens, reward tokens that one receives when they stake Proof-of-Stake coins and tokens like Ethereum. These tokens are tradable and act as collateral on lending platforms. In other words, FIS holders have various opportunities of earning, including from staking rewards and lending of rTokens.

    Stafi has recently added rTokens for Polygon (MATIC) and Cosmos Hub (ATOM).

    Interest in FIS has skyrocketed over the past few weeks, reflecting in the token’s price performance. According to data by market intelligence platform Santiment, FIS is among a few smaller cap altcoins to see a significant uptick in whale accumulation.

    Per on-chain data the firm shared on X, whales have been “most active,” in the ecosystems of aelf (ELF), Cream (CREAM), Stafi (FIS) and Linear (LINA). The networks have witnessed a surge in whale transactions involving $100,000 or more.

    These projects have a higher probability to see big swings this week,” Santiment analysts have noted.



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  • Decentraland’s (MANA/USD) defies gravity to jump 20% but will buyers be relentless?

    Decentraland’s (MANA/USD) defies gravity to jump 20% but will buyers be relentless?

    • Decentraland’s MANA has surged by over 20% in the week

    • Most gains came when the metaverse platform announced an open-cross competition

    • MANA’s long-term recovery remains tied to the crypto sentiment

    Decentraland’s (MANA/USD) rose by 12% over the weekend, taking the weekly gains to over 20%. The surprise gains come after a prolonged bear market that saw the cryptocurrency claim the lowest price in 2022 on December 31.

    Investors banking on Decentraland’s MANA would be delighted at the latest cryptocurrency news amid quietness in the metaverse. On January 06, Decentraland said it had launched the first-ever metaverse architecture and design Biennale. It will be an open-cross competition in the metaverse and includes performances, events, public talks, and lectures. The event is expected to accommodate more than 50,000 visitors in over five days. The event is expected to attract opinion leaders, creators, and partners who will share ideas about the metaverse.

    The latest development comes as activity building in the metaverse continues to slump in a crypto winter. The low activity has pushed MANA to very low valuations, with the cryptocurrency trading at $0.355 as of press time. That compares to a high of nearly $6 at the height of the metaverse and crypto boom in November 2021.

    MANA price outlook and analysis amid recoveries

    MANA/USD Chart by TradingView

    From the technical outlook, the RSI shifted above the midpoint, suggesting the entry of buyers of MANA. The MACD indicator highlights an improved momentum. The MACD line crossed above the signal line, reinforcing a bullish outlook. However, the indicator is still below the neutral zone, emphasising that the bearish market remains. MANA price also remains underneath the descending trendline despite the recoveries.

    What could happen next?

    Investors could continue riding on the short-term rally on MANA as momentum has improved. However, the outlook is bearish, and MANA could correct once the price hits the descending trendline. If buying MANA now, be watchful of the level around $0.4, where the price intersects with the descending trendline.

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