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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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  • 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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  • 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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  • Crypto downturn sees BTC touch $58k;Bitcoin Dogs fluctuates

    Crypto downturn sees BTC touch $58k;Bitcoin Dogs fluctuates

    • Bitcoin (BTC) touched lows near $58k as cryptocurrencies witnessed a sharp sell-off.
    • 0DOG token tumbled amid Bitcoin’s losses.

    Bitcoin dived more than 6% in the past 24 hours to trade below $59,000. The crypto market capitalization also tumbled as a sea of red engulfed altcoins

    Major altcoins saw huge declines to push the total market cap down more than 7% to $2.16 trillion. Meanwhile, Bitcoin Dogs fell sharply as Ethereum, Solana, Pepe, and Polygon nosedived.

    Bitcoin slumps amid huge liquidations

    BTC briefly traded at lows of $58,089 across major exchanges on Wednesday morning before a slight recovery pushed it to above $59.2k.

    While there hasn’t been a clear catalyst for the crypto sell-off, the widespread losses suggest a broader weakness for risk assets. 

    Santiment analysis also suggests the latest retracement follows huge bets on upside momentum. The greed that hit the market on August 25 has seen a swift reaction in liquidations, the market intelligence and on-chain analytics platform wrote on X.

    Data from Coinglass shows total crypto liquidations have jumped 208% in the past 24 hours to over $330 million. Most of this, about $295 million, are long positions and over 90,800 traders have been liquidated in this period as a result.

    The largest liquidation is an ETH/BTC position at $12.67 million on Binance.

    Bitcoin Dogs mirrors BTC sell-off

    While Ethereum has dropped more than 9% to under 2,450, Solana is changing hands near $144. Polygon, Pepe and Sui have shed double digits.

    Bitcoin Dogs, a cryptocurrency that recently launched on major exchanges Gate.io, MEXC and Uniswap, is also mirroring the downside action.

    0DOG price has dropped sharply from its highs of $0.04934 reached on August 22 to currently trade at $0.01006. The token has seen a massive 54% slump in 24 hours, which highlights how impactful a sharp drop in the prices of top cryptocurrencies can be for related tokens.

    What next for BTC, 0DOG?

    At the time of writing, BTC traded around $59,120, still in the red.

    Bears may extend the decline in BTC price, with lows seen on August 5 a likely support level. This same scenario could play out for Bitcoin Dogs, which made history with the first-ever BRC-20 token presale on the Bitcoin network.

    The gaming and NFT project taps into BTC’s growing layer-2 market and is likely to bounce alongside the flagship cryptocurrency.

    But what would indicate a potential for reversal?

    “When funding rates get extreme in either direction, they are always prone to get liquidated and shoot markets in the opposite direction. Look for funding rates to stabilize (or potentially even start leaning toward a short bias) as a sign that BTC and other assets will start to bounce again,” Santiment observed.

    The downside may therefore provide an opportunity to buy low. Learn more about Bitcoin Dogs first by visiting their website.

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