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  • TAO surges past $300 ahead of first halving, fueling bullish outlook for Bittensor

    TAO surges past $300 ahead of first halving, fueling bullish outlook for Bittensor

    Bittensor TAO Halvening

    • Bittensor price jumped to above $300 as bulls showed signs of recovery.
    • TAO was bullish ahead of the AI token’s first network halving.
    • Gains for Bittensor come as Wall Street also flips bullish on the AI narrative.

    Bittensor (TAO) traded green on the day on December 4, 2025, with sentiment bullish as the altcoin breached the $300 threshold.

    This surge, occurring just days before the network’s historic halving event, could allow bulls to target recent highs.

    Growing confidence in Bittensor’s role as a pioneering platform in decentralized AI and in machine learning incentives has TAO as one of the altcoins traders are watching.

    Bittensor price jumps above $300

    The cryptocurrency market has witnessed a notable uptick in the past 24 hours.

    While bears continue to maraud amid potential profit-taking spikes, bulls are showing strength.

    A flurry of activity surrounding Bittensor, a blockchain protocol that decentralizes AI model training and inference through a competitive subnet ecosystem, points to TAO price’s likely short term rally.

    Bittensor Chart
    Bittensor price chart by TradingView

    In this case, TAO’s surge above $300 represents a pivotal moment. The altcoin surged to above $314 on Dec. 4 before paring some of the gains.

    Significantly, Bittensor price dramatically jumped from around $300 on October 11, 2025, to hit $500 on November 2.

    The rally in a little over three weeks nonetheless fizzled, and the TAO price is down about 28% in the past month.

    The token’s correction came amid broader market jitters.

    Bittensor and AI sector forecasts

    Bittensor is a top AI-related coin by market cap, ahead of NEAR Protocol, Internet Computer, and RENDER.

    Growth has included the project’s positioning as the marketplace for machine intelligence.

    It’s where validators and miners earn TAO rewards for contributing computational resources and novel AI models. Prices have often spiked amid key AI developments, and that reflects amid latest outlook.

    Wall Street giants point out that the AI boom that catapulted Nvidia and other stocks higher is not a bubble.

    Noting that the sector could yet explode, BlackRock and Bank of America analysts have forecast a fresh supercycle. Key drivers of this include real corporate investments, major earnings, and productivity gains.

    AI is not driven by the irrational exuberance that underpinned the dot-com bubble in the 2000s, the analysts noted.

    The TAO price could rally amid the anticipated AI narrative resurgence.

    What’s Bittensor’s upcoming halvening?

    Bittensor’s inaugural halving, which is about 10 days away as of writing, is about network tokenomics. It mirrors Bitcoin’s supply-reduction strategy, but tailored to AI incentives.

    Currently, the network emits approximately 7,200 TAO tokens daily to reward participants in its proof-of-intelligence consensus.

    However, the halving will cut the emissions to 3,600 TAO. Bittensor has a total supply of 21 million TAO, and the halving, like in BTC’s case, ensures long-term scarcity as adoption grows.

    The halving could thus catalyze price discovery. BTC jumped following its 2024 halving, and TAO bulls are likely to eye a return to $500.

    Notably, the coin’s all-time high of $795.6 was reached in April 2024.

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  • Gnosis price outlook as GnosisDAO GIP-140 proposal passes

    Gnosis price outlook as GnosisDAO GIP-140 proposal passes

    Gnosis price outlook as GnosisDAO GIP-140 proposal passes

    • GIP-140 revamps GnosisDAO voting with on-chain and beacon data.
    • GNO price dips amid profit-taking and technical resistance.
    • Liquidity limits and stablecoin rules may influence short-term sentiment.

    The Gnosis price has experienced modest volatility following the passing of the GnosisDAO GIP-140 proposal, a major governance update aimed at overhauling the platform’s voting mechanisms.

    The GIP-140 initiative replaces the current subgraph-based GNO strategy with a suite of strategies that read blockchain state directly from both the execution and beacon layers.

    The proposal’s approval marks a significant step toward enhancing the accuracy and reliability of Snapshot voting while adding support for StakeWise tokens and reducing dependency on external data providers.

    GIP-140: revamping voting for accuracy and inclusion

    GIP-140’s passage reflects a broad consensus among GnosisDAO participants, with 82 votes cast, overwhelmingly in favour of the measure.

    The core objective is to eliminate the subgraph dependency, which has historically caused delays and inaccuracies in voting power calculations.

    The new system attributes voting power to GNO balances across both the Gnosis Chain and Ethereum, locked GNO holdings, validator balances, and StakeWise’s sGNO and osGNO tokens.

    By pulling data directly from on-chain and beacon chain sources, the proposal seeks to create a more robust and transparent voting environment that can better reflect actual stakeholder influence.

    The technical implementation involves updating Snapshot’s configuration via a SafeSnap transaction, pointing to aggregator contracts deployed on both Gnosis Chain and Ethereum, as well as a new beacon-chain strategy for staked GNO.

    Delegation mechanisms have also been updated to integrate these new sources, ensuring a seamless transition for DAO members accustomed to existing workflows.

    The changes position GnosisDAO to handle complex governance requirements while reducing reliance on third-party indexers like The Graph, which previously introduced inconsistencies.

    Gnosis price enters consolidation amid profit-taking

    Surprisingly, following the approval of GIP-140, the Gnosis price has seen a slight pullback, falling 0.89% over the past 24 hours and underperforming the broader crypto market, which gained 0.06%.

    The price movement aligns with profit-taking behaviour after GNO achieved a 7.98% weekly gain and an 8.3% rise during October.

    Technical indicators suggest the market is testing resistance around the 30-day simple moving average of $137.93 and the 61.8% Fibonacci retracement level at $138.47.

    Gnosis price analysis
    Source: CoinMarketCap

    While the RSI remains neutral at 53.42, a bearish divergence in the MACD hints at potential short-term consolidation.

    In addition, liquidity pressures stemming from CoinDCX’s June 2025 delisting continue to weigh on GNO trading activity.

    Despite being months old, the delisting reduced retail access to the token, and the 24-hour turnover ratio of 1.08% remains relatively low compared with broader DeFi sector averages.

    Regulatory uncertainties surrounding stablecoins, particularly the relaunch of USDS under the stricter US GENIUS Act, may also indirectly influence sentiment toward Gnosis Chain assets.

    Nevertheless, milestones like Gnosis Pay’s $100 million transaction volume suggest that ecosystem adoption could counterbalance some of these headwinds.

    Looking ahead

    The combination of technical consolidation, lingering liquidity constraints, and regulatory considerations creates a cautious but watchful environment for Gnosis price movements.

    Holding the $135–$137 zone could provide the stability needed for renewed momentum, particularly as GnosisDAO’s upgraded Snapshot strategies begin to reflect more accurate voting power across multiple token types.

    In the coming weeks, the Gnosis price may respond to both market dynamics and the tangible impact of GIP-140’s execution, particularly if the changes enhance voting accuracy and encourage broader participation in the DAO.

    For now, the community appears aligned, and the successful passage of GIP-140 represents a meaningful milestone that could shape GNO’s trajectory in both governance and market performance.

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  • Nasdaq-listed AgriFORCE eyes $700M Avalanche treasury bet; AVAX price outlook

    Nasdaq-listed AgriFORCE eyes $700M Avalanche treasury bet; AVAX price outlook

    AVAX price at crossroads

    • Avalanche price is looking to hold the $20 level.
    • Nasdaq-listed AgriFORCE has shareholder approval to roll out an Avalanche treasury strategy.
    • The company says it’s eyeing a $700m AVAX treasury strategy.

    Avalanche price holds above the $20 mark amid news that Nasdaq-listed company AgriFORCE Growing Systems has secured shareholder support for a bold pivot into the Avalanche ecosystem.

    The AVAX token, which has bounced off lows of $18 in the past week, shows notable resilience amid broader market optimism around a potential altcoin explosion.

    AgriFORCE eyes $700 million AVAX treasury bet

    Nasdaq-listed AgriFORCE, a company traditionally rooted in sustainable agriculture technologies, is eyeing an aggressive pivot into the crypto treasury strategy ecosystem.

    Specifically, the company wants to become the first publicly traded entity on Nasdaq dedicated exclusively to the Avalanche blockchain network.  AVAX One is the new company.

    On October 27, AgriFORCE revealed it had secured special shareholder approval for the initiative .

    A $300 million capital infusion and a further $250 million offering are set to fund an aggressive AVAX treasury strategy.

    In the process of acquiring and holding AVAX tokens, AgriFORCE is poised to commit up to $700 million in exposure through direct purchases, staking, and ecosystem participation.

    Matt Zhang, founder of Hivemind and nominated chairman of the AgriFORCE board, commented:

    “With this mandate from shareholders, we can now proceed to close the transaction and begin the focused work of accumulating AVAX strategically and creating the Berkshire Hathaway of the on-chain financial economy.”

    AVAX price holds above $20: Is $40 next?

    Amid the corporate enthusiasm, the Avalanche native token shows resilience.

    While the price of AVAX fell from highs of $21 this week, bulls managed to recover from lows of $18. Maintaining stability above the critical $20 psychological level signals a potential bullish momentum that will align with the broader cryptocurrency market.

    If bulls break above $30, the altcoin could target prices above $40. As well as tokenization, catalysts such as institutional inflows and narrative shifts around spot exchange-traded funds are critical.

    AgriFORCE’s corporate strategy and market performance also point to what investors may want to look out for in the coming weeks. In its announcement, the company said it will put its plans into action in the coming days.

    “The completion of this transaction will position the Company as the first Nasdaq-listed entity with a primary mission centered on the Avalanche ecosystem. The transaction is expected to close on or about October 30, 2025,” it wrote.

    AVAX price reached its all-time high of $146 in November 2021.

    The current price is well off this peak.

    However, bulls have managed to bounce by an impressive 630% since the Avalanche price fell to its all-time low of $2.79 in 2020.

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  • ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero

    ZRO price outlook as PayPal expands PYUSD to more chains via LayerZero

    PayPal Logo

    • LayerZero and PayPal bring stablecoin PYUSD to nine new blockchains.
    • PayPal will use LayerZero’s Omnichain Fungible Token (OFT) standard to expand PYUSD to Aptos, Tron and other networks.
    • Bulls could target $3.20 next before an extended rally brings $7.14 into play.

    PayPal is teaming up with LayerZero to expand its stablecoin PayPal USD (PYUSD) to an additional nine new networks, with this coming amid slight gains for LayerZero’s token ZRO.

    As LayerZero helps PayPal enhance the interoperability and accessibility of PYUSD through Stargate Hydra and the permissionless token, PYUSD0, what does this mean for ZRO?

    LayerZero and PayPal partner to expand PYUSD to 9 new chains

    LayerZero, a leading interoperability protocol, has partnered with PayPal to expand the reach of PYUSD across multiple blockchain networks.

    According to LayerZero’s blog post, this collaboration leverages LayerZero’s infrastructure to support real-world payments by combining it with PYUSD’s liquidity.

    The stablecoin initially launched on Ethereum and later expanded to Solana and Arbitrum.

    However, this expansion means it’s now available on nine more blockchain networks, including Tron, Avalanche, Aptos, Ink, Sei, and Stable.

    This expansion is facilitated through Stargate Hydra, a bridging platform that utilises LayerZero’s Omnichain Fungible Token (OFT) standard, ensuring a permissionless and compliant token deployment from the outset.

    PayPal is making the expansion through PYUSD0.

    “As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential for creating the seamless, interoperable financial infrastructure that users and developers demand. By working together, we will enable PYUSD to reach new markets faster while maintaining compliance and composability from day one,” said David Weber, head of ecosystem at PayPal USD.

    ZRO price outlook amid notable LayerZero integrations

    The integration of LayerZero’s technology with major players like PayPal could help spark further interest in ZRO.

    Already, recent developments, including the launch of Stargate Fast Swaps, have highlighted LayerZero’s ambition to dominate the cross-chain swap market.

    The Fast Swaps feature, which offers sub-second quotes, guaranteed pricing, and single-second execution, is built in partnership with Aori and powered by LayerZero’s messaging capabilities.

    LayerZero’s revenue generated from Fast Swaps will be channelled into ZRO buybacks, potentially impacting the token’s market dynamics.

    As LayerZero continues to integrate with high-profile projects, the ZRO token’s value may benefit from increased utility and demand.

    The token rose to nearly $2.10 following the news of PayPal USD integration, and although bulls have failed to hold onto the gains, the price remains nicely poised for an uptick.

    Bulls could target $3.20 next before an extended rally brings $7.14 into play.

    On the other hand, key levels to watch may include the March 2025 lows of $1.50.

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  • Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Bitcoin leads rally amid Fed rate cut hopes, major ETFs boost crypto outlook

    Crypto Wrap: Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.

    • Bitcoin rallies over 4%, fueled by hopes of a Fed rate cut.
    • Solana, Dogecoin, and XRP gain momentum on upgrades and ETF excitement.
    • Token unlocks and Fed easing are set to reshape crypto markets this quarter.

    Crypto markets woke up on Wednesday with a spring in their step, charging higher as investors braced for a major central bank event.

    Bitcoin set the pace, rallying over 4% to clear the $116,000 mark, fueled in large part by growing bets that the US Federal Reserve is finally ready to deliver an interest rate cut on Wednesday.

    As rate-cut speculation took center stage, Bitcoin’s market cap soared to well over $2 trillion, cementing the number-one crypto’s dominance after weeks of volatile swings.

    Markets eye Fed-driven breakout

    Ethereum, the world’s top smart-contract platform, held strong above the $4,500 threshold. Investors have been piling into ETH on prospects for a supply squeeze, as well as ongoing accumulation by institutional players positioning ahead of the Fed’s meeting.

    Traders argued that a successful breakout above the stubborn $4,800 technical resistance could spark a new phase of risk-on flows across crypto, especially if macro conditions cooperate in the coming weeks.

    Solana added even more energy to the rally, gliding near $240, as a string of protocol upgrades and surging developer momentum fueled optimism about the network’s long-term prospects.

    Major exchanges reported large spot inflows, and Solana’s rapid-fire transaction speeds kept it in the conversation as a serious contender among the leading altcoins.

    Meme-friendly Dogecoin, ever the wild card, hovered around $0.27, down slightly on the day, but still up more than 100% from a year ago.

    Increased social activity and new integrations have helped Dogecoin keep its playful reputation, as trade volumes remain lively whenever the broader market shifts.

    Meanwhile, XRP is holding just under $3, stuck in a tight range as markets anxiously anticipate the launch of the first US spot XRP ETF on September 18.

    Speculation around the ETF’s potential inflows and its possible effect on price has helped XRP stay in focus despite the broader sector’s roller-coaster action.

    Technical watchers say a rally through $3.18 could unleash a new round of bullish momentum for Ripple’s token.

    Crypto industry poised for Q4 shakeup

    It isn’t just price charts and volatility levels dictating sentiment this week: all eyes remain locked on Washington as the US Federal Reserve kicks off its most consequential policy meeting in recent memory.

    With inflation trending lower and unemployment ticking up, markets broadly expect Fed Chair Jerome Powell to announce a 25 basis point rate cut, the first since 2020.

    For crypto, where high-growth bets are directly tied to easier money, the Fed’s pivot could drive a decisive shift in market psychology.

    “Fed easing typically gives permission for the crypto rally to keep going,” said one strategist.

    Many in the industry expect fresh liquidity to spark increased inflows, particularly into blue-chip tokens like Bitcoin and Ethereum, and may even encourage more institutional adoption as risk appetite returns.

    Away from the Fed drama, September is seeing a tidal wave of token unlocks, as over $4.5 billion in coins come into circulation across high-profile projects like Sui, Aptos, Ethena, and Arbitrum.

    While some worry about the impact of new supply, others view it as a crucial stress test for market depth and investor demand.

    Finally, excitement around the pending debut of the first US-based spot XRP ETF may mark a turning point for altcoins.

    If the ETF attracts robust inflows, along the lines of Bitcoin and Ethereum ETFs launched earlier this year, it could shift the narrative and trigger sustained price rallies in the sector.

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  • POL price outlook as Polygon implements key bug fix

    POL price outlook as Polygon implements key bug fix

    Image Of Polygon Token POL

    Polygon’s token POL is up 1.6% as bulls try to break higher following a recent drop amid the proof-of-stake network’s node software bug that introduced a 10-15 minute delay in transaction finality.

    But with the platform implementing an important fix, could the retest of the $0.275 area allow bulls to once again dominate?

    The POL token’s jump to above $0.27 means the Polygon price is hovering near a key level above which buyers have previously rallied to $0.71.

    Polygon rolls out key bug fix

    On September 10, 2025, Polygon’s network announced its team had successfully implemented a fix to a bug that saw a node software malfunction cause a transaction finality delay.

    While this briefly disrupted the decentralized applications (dApps) and remote procedure call (RPC) services, developers swiftly deployed a hard fork and software updates that have resolved the issue.

    Specifically, the disruption stemmed from a bug in the Bor and Erigon node configurations, which impeded validator synchronization and milestone processing.

    “We identified the cause of the finality issue and have rolled out v2.2.11-beta2 for Bor and v0.3.1 for Heimdall, the latter a hardfork to be implemented at 3PM UTC,” Polygon wrote.

    Node restarts resolved issues for most validators and RPC providers, with the network achieving full consensus restoration shortly thereafter.

    An update later provided more details:

    “The hard fork has been successfully completed, and milestones are now processing normally along with state sync. Checkpoints are going through and consensus finalization has been fully restored on Polygon PoS.”

    Polygon co-founder Sandeep Nailwal commented on the incident, emphasizing that this setback is part of the “growing pains” for the network.

    The price of POL reacted negatively to the initial announcement, but looks set for a steady rebound alongside other top coins. On the bug fix and upgrade issues, Nailwal noted:

    “The team is still monitoring the network closely and is investigating how this scenario occurred in the first place. I’m extremely grateful to our team of engineers for quickly identifying and resolving this issue, and for the patience and understanding of our community.”

    POL price outlook

    Sentiment across crypto presents a bullish outlook for tokens, but as seen in recent weeks, POL’s structure remains largely bearish.

    After a breakout to the upper limit of an ascending channel on the daily chart, the token has dipped to leave buyers battling pressure below the $0.30 area.

    POL price chart by TradingView

    Technical indicators such as the RSI at 55 suggests room for bulls to grow. However, the MACD presents a mixed signal with a hint of a bearish crossover.

    If upside momentum holds, POL price could target $0.54. Conversely, a dip below the $0.25 level could escalate the downturn to $0.20 and lower.

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  • Mantle price outlook as MNT gains momentum with 20% spike

    Mantle price outlook as MNT gains momentum with 20% spike

    Mantle Price Bullish

    • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
    • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
    • Ecosystem growth buoys overall bullish momentum.

    Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

    This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

    Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

    Mantle pumps 20% as altcoins bounce

    As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

    A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

    MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

    The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

    Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

    Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

    Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

    Is Mantle price poised for a breakout to a new all-time high?

    Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

    On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

    Mantle price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

    Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

    A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

    A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

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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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  • Celestia price outlook: Here’s why TIA risks further losses

    Celestia price outlook: Here’s why TIA risks further losses

    Celestia Price Bearish

    • Celestia (TIA) trades at $1.81, down 13% in the past week.
    • The altcoin is paring gains seen following a bounce from lows of $1.32.
    • Celestia Foundation has announced it bought all remaining TIA from Polychain Capital.

    Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024.

    As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could Celestia Foundation’s latest move catalyze a fresh recovery?

    Celestia Foundation buys back TIA from Polychain Capital

    As TIA price fell over the past year, most analysts pointed the finger towards the aggressive dumping by Polychain Capital.

    Celestia moved from being one of the most attractive coins at its mainnet launch, to lagging the market. Underperformance in the past year has pushed it further off its peak.

    An analyst on X called it one of the “most predatory VC tokens out there.”

    The Celestia Foundation has moved to flip the picture, announcing it acquired Polychain Capital’s remaining TIA holdings. It is a move that concludes a long-standing partnership with the VC that acquired coins under or at $1.

    Now after dumping tokens, Polychain has agreed to sell its 43,451,616.09 TIA tokens back to the Celestia Foundation for $62.5 million. Polychain is set to undelegate its staked assets to facilitate the deal.

    Why is TIA largely bearish?

    Despite the Celestia Foundation’s move, TIA’s price trajectory remains largely bearish.

    Token unlocks, which will gradually release the redistributed tokens into circulation, remains. This controlled release has the design of a strategy eyeing no sudden supply surge. New investors receiving the coins must therefore not adopt a sell-off strategy similar to Polychain Capital’s earlier actions.

    Otherwise, with a potentially aggressive divestment feature and rewards loophole, bears may yet take further hold.

    Recently, commenting on TIA price, crypto analyst zeroknowledge posted on X:

    “The structural selling pressure is not a side effect, it’s literally the primary feature of the tokenomics design.”

    Explaining further, the analyst added:

    “The most damning example is Polychain Capital, which invested approximately $20 million across Series A and B rounds. Through the staking rewards loophole (see screenshot below), Polychain already sold over $82 million worth of TIA (achieving a 4x return on investment) before a single one of their primary tokens has unlocked.”

    Is this changing? Market participants have pointed to Celestia restructuring its tokenomics and governance model.

    As Chaos Labs notes in the above post, Celestia will not just reallocate the Polychain stash, but has a proposal to cut inflation rate. But will this stem the selling?

    Celestia price technical outlook

    The token traded around $1.81 at the time of writing, with open interest down to $197 million.

    Technical indicators -the RSI and MACD on the daily chart give sellers the upper hand. Notably, the RSI is downsloping below 50 while the MACD is signaling a bearish crossover.
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  • XRP price outlook: $2 remains key amid increased volume

    XRP price outlook: $2 remains key amid increased volume

    XRP Price Outlook

    • XRP trades above $2.00 and could eye a decisive break above $2.30.
    • An uptick to $2.50 could confirm bullish continuation.
    • However, a drop below $2.00 may signal deeper corrections.

    The price of XRP is holding near $2 as top cryptocurrencies trade at key support levels.

    Most altcoins mirror Bitcoin’s trajectory, which saw a sharp decline over the weekend, largely attributed to heightened geopolitical tensions stemming from US military strikes on Iran.

    Despite its downturn to lows of $1.94, XRP demonstrates resilience.

    Bitcoin has also bounced above $100k, with bullish sentiment among investors signalling strength despite the volatile broader market.

    XRP price above $2 as volume spikes

    XRP has shown notable strength, rebounding from a weekly low near $1.94 as trading volume surged by over $3 billion in the past 24 hours.

    This spike in volume, coupled with the price holding above the critical $2.00 psychological support level, indicates robust buying interest.

    According to market analysts, increased trading volume during a price recovery often reflects renewed investor confidence and potential for sustained upward momentum.

    The broader cryptocurrency market has faced downward pressure due to US strikes on Iran, which intensified fears of a wider conflict.

    Bitcoin and Ethereum have also corrected, with Bitcoin trading just above $101k.

    Despite this, stock futures indicate investors are shrugging off the weekend’s sell-off, and oil prices have stabilized after a brief spike, suggesting markets are adapting to the geopolitical unrest.

    A crypto market bounce is possible if risk-on sentiment returns, but an escalation in the Middle East could trigger further declines.

    Ripple price prediction

    A bounce for cryptocurrencies comes as data from asset manager CoinShares shows digital asset investment products saw a 10th consecutive week of inflows for the week ending June 20.

    As per details shared on June 23, the crypto sector attracted $1.24 billion in exchange-traded funds last week, with Bitcoin leading with $1.1 billion for a second straight week of inflows.

    Meanwhile, Ethereum hit a 9th consecutive week of inflows with $124 million. Solana attracted $2.78 million and XRP $2.69 million.

    Analysts are cautiously optimistic about XRP’s future. Short-term forecasts suggest a potential breakout above $2.50 could push prices toward $3.00.

    XRP chart by TradingView

    The bounce to $2.00 suggests that bulls are defending this key level, positioning XRP for a possible short-term rally.

    Despite the RSI and MACD on the weekly chart, long-term projections are more ambitious.

    A break above the 20-week exponential moving average (EMA) will reinforce this outlook.

    Notable predictions for XRP include a potential rocket past $10, driven by increased institutional adoption and regulatory clarity.

    However, failure to hold above $2.00 could see prices retest April’s low of $1.60.
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