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Tag: Skyrockets

  • Ontology price skyrockets 55% to hit six-month high

    Ontology price skyrockets 55% to hit six-month high

    • Ontology price rose more than 50% to lead the top gainers across crypto.
    • The altcoin gained as Bitcoin and Ethereum dropped, with the ONT price hitting a six-month high.
    • ONT could retreat amid profit-taking.

    Ontology has defied broader crypto dumping to skyrocket more than 55% to highs near $0.22, hitting its highest level in six months.

    The uptick for Ontology (ONT) comes as the cryptocurrency market witnesses a significant uptick in sell-off pressure, with Bitcoin dropping to under $112k and Ethereum giving up gains after a new all-time high.

    But as these top headline makers struggle, ONT is grabbing most attention amid its 55% price surge.

    Ontology price spikes 55% to 6-month high

    Ontology (ONT) has seen a remarkable 55% price surge, reaching an intraday peak of near $0.22, its highest level in six months.

    The altcoin traded at lows of $0.13 in the morning session, but marched higher to reach levels seen at the start of February 2025.

    With trading volume soaring by over 4,600% to more than $337 million, Ontology price stands out as one of the outperformers on the day.

    As BTC and ETH pare gains, Ontology’s 24-hour gains come amid heightened activity around the decentralised identity protocol’s native token.

    Mainstream adoption of artificial intelligence and blockchain has Ontology’s infrastructure for decentralised identity and data privacy, drawing significant interest.

    The project’s focus on regulatory compliance for digital identity solutions and blockchain interoperability is a key cog in its adoption curve.

    Analysts predict ONT could benefit from this outlook to target more gains.

    Ontology price forecast: What’s the technical picture?

    The price of Ontology breaking out as the rest of the market fights to hold onto recent gains suggests holders may have to deal with incoming downside pressure.

    ONT going vertical will welcome a pullback, likely to a demand reload zone.

    However, open interest in ONT has increased by over 617% to nearly $60 million.

    This indicates trader confidence and speculative interest amid the token’s upward trajectory.

    Ontology’s price outlook as open interest rises, combined with high trading volumes, suggests a potential bullish continuation.

    Ontology Price Chart
    ONT price chart by TradingView

    From a technical perspective, ONT is trading Relative Strength Index (RSI) on the daily chart at 81.

    RSI at these levels shows the asset firmly in the overbought territory and thus leaning toward a reversal.

    The Moving Average Convergence Divergence (MACD), however, shows a bullish crossover, indicating bulls have the upper hand and that a sustained rally may yet unfold if a retest allows buyers to establish a footing at key support levels.

    On the daily chart, these areas lie around $0.20 and $0.17.

    On the flipside, a break above $0.27 will allow buyers to aim for $0.40.

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  • Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next?

    Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next?

    • Omni Network’s price soared 190% from $1.43 to $5.50.
    • The token’s trading volume spiked 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000.
    • Analysts say the altcoin season is looming, which could see the OMNI price eye $10 next.

    Omni Network surged a staggering 190% in a single day as the cryptocurrency market experienced a seismic shift, with Bitcoin smashing through $118,000 for another record high.

    Bitcoin’s gains saw the global crypto market capitalisation climb 6.2% to over $3.68 trillion.

    Meanwhile, an explosive rally across crypto saw $1.2 billion in liquidations.

    As OMNI eyes gain, there’s speculation of an impending altcoin season, and price may add on the surge to $5.40 seen earlier in the day.

    OMNI explodes, price nearly doubles

    Omni Network is a layer-1 blockchain focused on interoperability and has captured market attention with a staggering 190% price surge in the past 24 hours.

    The token skyrocketed from a low of $1.43 to an intraday high of $5.40, reflecting intense buying pressure.

    Omni Network Price
    Omni Network price chart by CoinMarketCap

    Notably, the altcoin’s trading volume exploded by 5,200%, reaching over $749 million.

    This came as investors piled into the token amid the broader market rally.

    Omni Network’s growing relevance in the decentralized finance ecosystem helped bulls.

    Altcoin season?

    The broader crypto market continued its rally alongside Bitcoin, with total market capitalisation climbing to $3.68 trillion—a 6.2% increase over the past 24 hours.

    Altcoins posted strong gains, led by Sei and Ethena, each up 20%, and Cardano, which rose 11%.

    The moves suggest a rotation of capital within the ecosystem, fueling speculation that a broader altcoin season may be underway.

    Arthur Hayes, former CEO of BitMEX, said the market appears to be on the verge of an altcoin cycle.

    He cited Bitcoin’s rise on strong volume and referenced geopolitical developments, including Trump’s stance on tariffs, as contributing factors.

    The bullish momentum is being supported by continued institutional inflows, reduced supply as investors move Bitcoin off exchanges, and growing interest in altcoins.

    As Bitcoin approaches the $120,000 mark, other major tokens like Ethereum, XRP, and Solana are also showing signs of accelerating upward.

    Projects such as Omni Network could also benefit from renewed altcoin interest as sentiment across the sector improves.

    Omni Network price prediction

    While the token remains well off its all-time high of $29.93, it’s up more than 230% since touching its all-time low of $1.37 reached on July 6, 2025.

    Omni Network Price Chart
    OMNI price chart by TradingView

    From a technical point of view, the RSI on the daily chart sits at 84, suggesting the OMNI token is deeply overbought.

    In this case, there’s potential for profit-taking, a risk that has cut across the market given recent gains.

    However, the MACD suggests bulls still have room for growth with the histogram rising.

    If buying pressure holds in the coming months, the OMNI price could target $10 next.
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  • Loopring price jumps 14% as daily volume skyrockets

    Loopring price jumps 14% as daily volume skyrockets

    Loopring Price Jumps As Bulls Charge With Massive Volume

    • Loopring (LRC) has surged more than 14% in the past 24 hours.
    • The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume.
    • If bulls hold onto gains, LRC price could target highs of $0.44 in the short term.

    Loopring (LRC), the native token of the Ethereum-based layer-2 scaling solution, has surged by 14% in the past 24 hours, accompanied by a notable spike in trading volume.

    According to data from CoinMarketCap, the price of LRC now hovers around $0.1058, suggesting fresh interest in the decentralized finance (DeFi) protocol.

    LRC’s rally, which comes with a massive spike in volume, follows Loopring’s recent announcement of its official DeFi documentation that highlights innovative earning and trading solutions.

    But could this push the Loopring price higher?

    Loopring price jumps to a month-high mark

    As data from CoinMarketCap shows, the 14% price jump has propelled Loopring to a month-high mark above $0.10.

    The gain aligns with a huge increase in trading activity, with LRC seeing a 2,600% jump in the 24 hours to over $204 million, at the time of writing.

    While other coins have posted similar surges, this suggests that investors are taking notice of Loopring’s latest developments.

    The project’s focus on redefining DeFi with a CeFi-like experience, while maintaining a trustless environment, seems to be resonating with the community.

    It combines with Loopring’s zkRollup technology, which enables faster and cheaper transactions on Ethereum, to indicate renewed optimism.

    LRC price prediction

    From a technical perspective, Loopring is showing signs of a potential breakout.

    The token is attempting to rebound from the lower border of a falling wedge pattern.

    A look at the weekly timeframe paints this setup, usually viewed as bullish by analysts.

    Loopring Price Chart From TradingView
    Loopring price chart by TradingView

    If this bounce confirms, LRC could rally toward $0.31 and $0.44 in the medium term.

    Such a move will represent a significant recovery for the token, with the projection aligning with the historical pattern of a falling wedge.

    It typically signals a reversal after a downtrend.

    However, the broader market sentiment will play a crucial role.

    On the downside, failure to break above this level could see LRC retest support near $0.07 and potentially $0.02.

    Loopring’s fundamentals, such as its focus on DeFi innovation and layer-2 scaling, provide a strong case for growth.

    Nonetheless, investors are likely to remain cautious amid inherent crypto market risks, including regulatory developments and market volatility

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  • AltLayer (ALT) token skyrockets 5,380% on Binance following airdrop and listing

    AltLayer (ALT) token skyrockets 5,380% on Binance following airdrop and listing

    • ALT token on Binance surged 5,380% from $0.006 to $0.3288 in minutes.
    • AltLayer’s six-day farming schedule and airdrop preceded the explosive surge.
    • Binance swiftly integrated ALT into Simple Earn and Convert, with plans for Margin, Futures, and Auto-Invest.

    In a staggering turn of events, AltLayer’s native token, ALT, witnessed an unprecedented surge on the Binance trading platform, skyrocketing by an astonishing 5,380% within minutes of its listing.

    This meteoric rise comes hot on the heels of a successful six-day farming schedule and a strategic airdrop, propelling AltLayer into the spotlight of the crypto world.

    The explosive rise of AltLayer (ALT)

    AltLayer’s ALT token, designed for decentralized rollups, opened for trading on Binance at a modest $0.006. However, the crypto asset defied all expectations, quickly reaching $0.3288 with a trading volume of $43.78 million in under one minute.

    Screenshot of AltLayer price on Binance 

    The surge reflects immense market interest and confidence in AltLayer’s protocol.

    This unprecedented growth on Binance is attributed to the culmination of a six-day farming schedule that concluded last Friday, offering 500,000,000 ALT tokens through an airdrop. Participants staked their BNB and FDUSD tokens in separate pools during this period. Following the farming schedule, ALT was listed against various pairs, including Bitcoin, BNB, TRY, and stablecoins USDT and FDUSD.

    AltLayer’s Binance integration

    Binance, recognizing the potential of AltLayer, swiftly integrated ALT into its Simple Earn and Convert services. This move is set to enhance ALT’s accessibility and utility for a broader range of users. Moreover, Binance has ambitious plans to include ALT in its Margin, Futures, and Auto-Invest services between January 25 and January 27, marking a significant step in the token’s journey.

    AltLayer’s unique concept of “Restaked Rollups,” which bolsters the security and crypto-economic finality of rollups from various software stacks, is a testament to its commitment to addressing scalability challenges in the blockchain space.

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  • Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin skyrockets to $44,000 as bulls brush bears aside

    Bitcoin Bulls Touch 44k
    • Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.
    • The flagship cryptocurrency’s market cap also cross above $850 billion.
    • Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.

    Bitcoin (BTC) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.

    BTC is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles.

    According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.

    BTC hits $44k, but is a pullback due?

    On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.

    According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”

    While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.

    If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.

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  • Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu Burn Rate Skyrockets Over 14,000% As Price Recovers

    Shiba Inu (SHIB) recently experienced a sharp increase in burn rate with very few tokens burned. The SHIB Burn tracker shows that over the previous 24 hours, the burn rate of the Shiba Inu increased by 14,267.59%. The increase occurs even though there haven’t been many tokens burned.

    Around 14.07 million tokens were transferred to dead wallets in the last 24 hours, according to SHIB Burn. According to SHIB Burn data, the greatest burn transaction on the previous day was about 9.8 million SHIB. Additionally, the day before, only 97,991 tokens were burned.

    image 25
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 4

    However, the burn rate has cooled down and is currently standing at 1934.01%. 14,896,832 SHIB has been burned in the last 24 hours as per the updated data.

    image 26
    Shiba Inu Burn Rate Skyrockets Over 14,000% as Price Recovers 5

    Shiba Inu price spikes in the last 24 hours

    Shiba Inu has gained traction along with the most recent market rebound. According to statistics from CoinMarketCap, SHIB is currently trading at $0.00001157, up 10.8% over the previous day. The market value of SHIB has also surpassed $6 billion for the first time in the previous 17 days.

    Shiba Inu which was standing at 14th ranking among other cryptos in terms of global market cap lost it to TRX recently and was standing at 15 till yesterday. However, the recent price spike has pushed it to the 13th rank on the basis of the global market cap.

    Whale activity has recently increased in Shiba Inu at a never-before-seen rate. Instead of buying billions of SHIB, whales were purchasing trillions. The whales have also been trading privately and shifting, selling, and buying back SHIB.

    These routine actions are now regularly carried out by some unnamed whales. A whale anonymously transferred 3.3 trillion SHIB to another wallet, according to data from Whale Alert.

    3,367,037,381,943 SHIB have been dumped by an anonymous wallet, according to Whale Alert statistics. The unknown is the precise nature of the transfer. It’s unclear if the transfer represents a genuine sell-off or merely a typical movement of the token between the whale’s wallets.

    The global crypto market cap has finally regained $1 trillion as all the major coins are trading in the green.

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