Base blockchain sees a 20% surge in TVL, rising by $557 million to $3.335 billion following Binance.US integration for ETH and USDC transfers. Binance.US now supports deposits and withdrawals via
Bitcoin (BTC) remains resilient near $93,628 as of April 25, easing just 0.5% during the Asian session. Despite minor intraday softness, the broader trend remains intact, supported by intensifying institutional interest. BlackRock, the world’s largest asset manager, recently increased its Bitcoin holdings by 12,500 BTC, valued at $327.3 million, bringing its total exposure to approximately $1.16 billion. This move underscores growing confidence in Bitcoin as a treasury asset and macro hedge. Meanwhile, Bitcoin’s current price still trades about 40% below its estimated intrinsic value of $130,000, according to the Energy Value model by Capriole’s Charles Edwards—suggesting long-term upside remains. Polkadot ETF Postponed as SEC Reviews 70+ Crypto Funds Elsewhere, the SEC has delayed its decision on Grayscale’s Polkadot (DOT) ETF, now scheduled for June 11, 2025. This is part of a broader review involving more than 70 crypto fund proposals, including ETFs tied to XRP, Solana, and Dogecoin. NEW: SEC Delays decision on Polkadot ETF. The SEC has extended its review of Nasdaq’s proposal to list the Grayscale Polkadot Trust ($DOT) and will make a final decision by June 11th. pic.twitter.com/SwgGgTQLM0 — Cointelegraph (@Cointelegraph) April 24, 2025 While delays continue, the policy tone is softening. Institutional interest and political pressure are mounting—hinting that a more constructive ETF landscape may be approaching. Regulatory Shifts: Green Light for U.S. Banks on Crypto The regulatory tide appears to be turning. In a coordinated move, the Federal Reserve, FDIC, and OCC have withdrawn prior guidance that required banks to seek pre-approval before engaging in crypto-related activities. This reversal eliminates four key warnings issued in 2022 and 2023, which had cast a chilling effect on bank participation. Going forward, banks will rely on internal risk frameworks, while regulators shift to standard supervisory monitoring—a model that promotes innovation while managing systemic risk. U.S. Regulators Roll Back Crypto Caution Memos in Shift Toward Industry-Friendly Stance Summary: U.S. banking regulators, including the Federal Reserve, FDIC, and OCC, have withdrawn key guidance documents that had urged banks to seek prior approval and exercise… pic.twitter.com/vyQ9a9LwSc — PiQ (@PiQSuite) April 24, 2025 What It Means for Bitcoin: Looser banking oversight reduces institutional friction. With fewer barriers to entry, crypto-native and traditional firms alike may accelerate their integration of Bitcoin—supporting long-term demand and price stability. ARK Invest’s $2.4 Million Bitcoin Forecast: What’s Behind It? In its latest research update, ARK Invest projected Bitcoin could reach $2.4 million by 2030 under a bullish scenario. The base and bear case forecasts were adjusted to $1.2 million and $500,000, respectively. The bold outlook is driven by three central themes: Institutional Allocation: Rising participation from asset managers and corporate treasuries. Digital Gold Narrative: Potential for BTC to capture a significant share of gold’s $18 trillion market cap. Emerging Market Demand: Bitcoin’s growing role as a store of value in inflation-prone economies. JUST IN: ARK Invest updates their 2030 #Bitcoin price prediction to $2.4 million pic.twitter.com/aWWdE6HsNx — Bitcoin Magazine (@BitcoinMagazine) April 24, 2025 If realized, ARK’s top-end projection would imply a $49 trillion Bitcoin market cap—larger than the combined GDP of the U.S. and China. Bitcoin Technical Outlook: Breakout or Bull Trap Near $94.7K? Bitcoin is consolidating just below a major resistance zone at $94,750, the 0% Fibonacci level from the recent $88,461–$94,758 rally. Price action remains within a steep ascending channel, with the 50-period EMA at $91,398 acting as dynamic support. However, the MACD histogram has begun to fade, signaling potential momentum fatigue. Bitcoin Trade Setup: Buy Entry: Above $94,750 on strong bullish volume Targets: $96,150 and $97,500 Stop Loss: Below $92,800 Pro Tip: This is a classic “pullback and retest” structure—wait for candle and volume confirmation before entering. Avoid chasing weak breakouts. Bottom Line Bitcoin continues to find firm footing above $93,000, bolstered by institutional inflows and loosening regulatory constraints. While ARK Invest’s $2.4M price target may appear ambitious, the underlying thesis—scarcity, adoption, and macro alignment—remains compelling. As the crypto market matures, the coming months could determine whether Bitcoin enters a new paradigm—or stalls below psychological ceilings. Either way, the setup demands attention from both bulls and skeptics alike. BTC Bull Token Nears $5M Mark as 83% Yield Drives Staking Momentum Investor participation in BTC Bull Token ($BTCBULL) continues to accelerate, with the Ethereum-based project approaching a key funding milestone. As of Thursday, the presale has raised $4,987,959.62, moving closer to its next pricing threshold set at $5,741,234. The token is currently priced at $0.00248, giving prospective buyers a narrow window to enter before the next price adjustment. Yield-Driven Utility Meets Flexible Access What differentiates BTCBULL from typical meme assets is its utility-focused design. The project offers a staking mechanism that delivers a projected 83% annual yield, alongside Bitcoin-based distribution rewards. Importantly, stakers can access their tokens at any time—no fixed lockups or withdrawal delays. Latest Staking Stats: Total Tokens Staked: 1,268,011,229 BTCBULL Annual Yield: 83% APY Unstaking: Anytime access This structure appeals to both passive income seekers and users looking to capitalize on potential token appreciation—without sacrificing liquidity. Presale Snapshot and Market Positioning The presale is entering its final stretch before the token price increases. With less than $754,000 remaining until the next tier, current buyers are securing positions ahead of anticipated upward repricing. Presale Metrics (as of today): Token Price: $0.00248 USDT Raised: $4.98M out of $5.74M target BTCBULL blends yield-generation with upside exposure, offering a unique entry point for those navigating the evolving meme token landscape. As the funding target nears completion, the next pricing phase may arrive sooner than expected. The post $2.4M Bitcoin by 2030? ARK Invest’s Bold Forecast Shakes Crypto Markets appeared first on Cryptonews .
The world of political memecoins is buzzing, and the official TRUMP memecoin , known as Official Trump (TRUMP), is at the center of the latest intrigue. A recent announcement has sent ripples through the crypto community, revealing a single holder with a massive stake. Who is ‘Sun’ and Their $14M TRUMP Memecoin Holding? According to an official statement from the Official Trump (TRUMP) project’s X account (@GetTrumpMemes), the top holder on their current leaderboard goes by the username “Sun.” This user reportedly holds a staggering $14 million worth of TRUMP tokens, making them the single largest known individual investor in the project. This revelation immediately sparked widespread speculation across crypto news outlets and social media platforms. The most prominent theory circulating is that this “Sun” could potentially be Justin Sun, the well-known founder of the Tron blockchain and head of Huobi Global (now HTX). Justin Sun has a history of engaging with various cryptocurrency projects and is known for his significant holdings across different assets. However, the official announcement did not confirm the identity of the holder, leaving the connection to Justin Sun purely as speculation within the community. Neither Justin Sun nor representatives for the TRUMP memecoin project have publicly verified this connection as of yet. Why the Buzz Around Donald Trump and Memecoins? The TRUMP memecoin is directly associated with former U.S. President Donald Trump , positioning itself as his official cryptocurrency token. This connection taps into the intersection of politics and the rapidly evolving crypto landscape, a trend that has gained significant traction, particularly during election cycles. Political memecoins often gain value based on the popularity, news, and events surrounding the associated political figure. For TRUMP, this means its price and community engagement are heavily influenced by Donald Trump’s activities, statements, and political momentum. The emergence of a major holder like “Sun” with a $14 million position is significant because it indicates substantial financial backing or interest from potentially influential figures, which can impact market sentiment and visibility for the token. Is This Related to the Trump Dinner Event? Adding another layer to the story is the recent report that Donald Trump hosted a dinner event on May 22 at his Virginia golf club. This exclusive gathering was reportedly attended by the top 220 buyers of his NFTs, which are often linked or promoted alongside his other digital assets, including potentially the TRUMP memecoin. While the official statement about the “Sun” holding doesn’t explicitly link it to the dinner, the timing and the context of Trump engaging directly with his top digital asset buyers raise questions. Could “Sun” have been among the attendees? Was this large purchase related to gaining access to such events, or is it purely an investment play? Without official confirmation, these remain open questions fueling the discussion around this substantial memecoin investment . Understanding the Risks of Memecoin Investment While the story of a $14 million TRUMP holding is captivating, it’s crucial for potential investors to understand the inherent risks associated with memecoins: Volatility: Memecoins are notoriously volatile, with prices often driven by hype, social media trends, and speculation rather than underlying technology or fundamentals. Lack of Utility: Many memecoins, including political ones, have little to no practical use case beyond speculation. Their value is almost entirely based on community sentiment and market dynamics. Potential for Manipulation: Large holders (often called “whales”) can significantly influence the market price through large buy or sell orders. Scam Risk: The memecoin space is prone to pump-and-dump schemes and outright scams. The presence of a large holder like “Sun” could be seen by some as a positive sign of confidence, but it also concentrates significant power in one entity, which could pose risks if they decide to sell their large position. The Broader Impact on Crypto News and Political Tokens This development highlights the growing intersection of politics and cryptocurrency, a trend that is likely to intensify as elections approach globally. Political tokens like TRUMP are becoming a new way for supporters to engage financially and for figures to potentially leverage their brand in the digital asset space. The speculation around Justin Sun ‘s potential involvement adds another layer of institutional or significant player interest, suggesting that even established figures in the crypto world are paying attention to or participating in the political memecoin phenomenon. This story will undoubtedly remain a hot topic in crypto news as the community seeks more clarity on “Sun’s” identity and intentions. Conclusion: A Glimpse into High-Stakes Memecoin Plays The identification of “Sun” as the top TRUMP memecoin holder with a $14 million stake is a fascinating development that underscores the high-stakes nature of the memecoin market, especially those tied to prominent political figures like Donald Trump. While the identity of “Sun” remains unconfirmed, the speculation involving Justin Sun adds significant weight to the narrative. This event, coupled with Trump’s recent dinner with top buyers, paints a picture of a political movement increasingly intertwined with digital assets. As always in the crypto space, potential investors should approach such volatile assets with caution and conduct thorough research. To learn more about the latest crypto market trends, explore our article on key developments shaping memecoin price action.
The post Mercari’s Mercoin Exchange Rolls Out XRP Trading with Wallets Starting at 1 Yen appeared first on Coinpedia Fintech News Mercoin, a Japanese crypto services provider and subsidiary of Mercari Inc., has recently expanded its offerings by adding support for XRP. This marks the third cryptocurrency listed on the platform and the first that is deeply integrated into a widely adopted financial ecosystem in Japan. Users Can Now Buy XRP for Just 1 Yen As reported by Coinpost , Mercoin will begin handling XRP starting April 24. Users can now purchase XRP for 1 yen, equivalent to about $0.007, using payment methods like bank recharge balances, Merpay sales, and even Mercari points. Mercoin launched Bitcoin trading in March 2023 and added Ethereum in May 2024. By December 2024, it had surpassed 3 million users and recorded the highest number of new crypto account openings in the industry. Emi Yoshikawa, the former Vice President of Strategic Initiatives at Ripple, praised Mercoin’s XRP listing. According to her, this is a major step in bringing crypto to Japan’s mainstream. The news that @Mercari , Japan’s go-to marketplace app, now supports XRP is notable for a few reasons: Mercari is Japan’s largest resale platform, where millions of users keep a balance from selling unused items (MAU: 20+ mill) Users can now convert that balance or Mercari… https://t.co/AbPNg1PxW3 — Emi Yoshikawa {X} (@emy_wng) April 24, 2025 Mercoin Aims For Safe and Secure Crypto Trading She explains that it’s a big deal for XRP to be supported on Mercari, since it’s Japan’s biggest resale app and has over 20 million users every month. Over 3 million users trade crypto on Mercari, with 90% being first-time traders. Mercoin strives to make crypto trading simple and secure for beginners, with a user-friendly service design. By adding XRP, the company is expanding trading opportunities for users, making virtual currencies more accessible alongside BTC and Ether. For the unversed, XRP already has a strong presence in Japan through Ripple’s key partner SBI Holdings, whose crypto arms have promoted XRP for cross-border payments, liquidity, and even car purchases. Japan’s Mercoin adds support to XRP, starting April 24. This could be a major boost to Japan’s crypto space given Mercoin’s massive user base and appeal to new users. XRP is widely used in Japan, supported by Ripple’s partnership with SBI Holdings for payments and liquidity.
After a period of caution driven by macroeconomic uncertainty, Bitcoin’s recent price action has reignited interest across the market, sparking renewed debate about where the next move might lead. Fresh activity from both retail players and large BTC holders suggests the market may be approaching a turning point. Retail FOMO Meets Whale Accumulation Following Bitcoin’s brief surge above $94,200 on Wednesday, Santiment’s data showed a wave of FOMO from retail traders entering the market. This is in sharp contrast to recent weeks, when retail largely exited amid macroeconomic uncertainty. As such, the renewed enthusiasm marks a notable sentiment change. While such crowd behavior often precedes price tops, a move toward $100,000 now appears increasingly likely, according to the update by the crypto analytic platform. While retail FOMO has reentered the picture, the rally’s foundation appears to be even stronger, thanks to significant moves by major holders. In a separate analysis, Santiment noted that the 11% surge in Bitcoin’s value from April 21 to 25th also coincided with continued accumulation by key whales and sharks. Wallets holding between 10 and 10,000 BTC were found to have added 19,255 BTC during the period. Such aggressive buying behavior has consistently been a precursor to notable market rallies and indicates that a constructive recovery is underway for Bitcoin. Bitcoin’s value has jumped +11.2%, and this has once again coincided with key whales & sharks adding on to their already enormous bags. Wallets holding 10-10K $BTC have added 19,255 more coins in this short stretch, and continue to be one of crypto’s most powerful indicators. pic.twitter.com/b3TiVd71iD — Santiment (@santimentfeed) April 25, 2025 Will the Rally Sustain? Bitcoin’s recent surge past $90,000 has boosted market sentiment to its highest in over two months, peaking on April 23 with a Fear & Greed Index score of 72, signaling “ Greed .” The score has since come down to 60, which has led to concerns regarding the sustainability of the rally. Despite this, Bitcoin remains the dominant force in the market, with Bitcoin Dominanc e standing at 64.29% and altcoins lagging far behind. The altcoin season index remains at a low of 18, which has further confirmed Bitcoin’s lead in market favorability. Meanwhile, crypto analyst Michaël van de Poppe said that continued buying pressure could propel Bitcoin toward a new all-time high. The post Retail FOMO Returns as Whales Accumulate – Is Bitcoin (BTC) at a Major Turning Point? appeared first on CryptoPotato .
The post Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close? appeared first on Coinpedia Fintech News The crypto market displayed a blend of bullish momentum and sector-driven outperformance, signaling a potential shift after recent periods of consolidation. Bitcoin continued to command the spotlight, rising by 0.25% over the last 24 hours and briefly breaking above the $94,000 mark. This move, marked by renewed buying interest from the investors and a notable whale accumulation on major exchanges, points to growing confidence in crypto’s largest token amid signs of a broader market reversal. On the other hand, spot Bitcoin ETFs have purchased almost 25,000 BTC over the last 3 days, worth over $2.3 billion. BlackRock alone bought over $320 million worth of Bitcoin, accumulating nearly 12,500 BTC. Despite this, the BTC price is trading just below a key supply zone after a falling wedge breakout. Therefore, now the question arises whether the price will trigger a breakout above the range, as a confirmed breakout could fuel more upside. Meanwhile, a downside risk remains until the breakout is confirmed. After rising from the falling wedge, the BTC price surged over 12% and is struggling to rise above the resistance zone between $94,129 and $94,800. Although the OBV remains elevated, suggesting a continuation of a bullish trend, a failure from these levels could trigger a short-term correction. The RSI is displaying a bearish divergence before entering the overbought range, hinting towards a potential drop. On the other hand, the MACD suggests a drop in the buying pressure, but the levels have risen into the positive range for the first time since February, which has kept the bullish hopes alive. Currently, the BTC price is facing a key barrier near $94,500 to $95,000, and a repeated test has failed to produce a clean breakout. However, the upside momentum remains strong as long as it holds above $89,800, as a strong drop below the range may open room towards $86,800. Meanwhile, the macro trend remains positive, with ETF inflows and whale buying offsetting minor technical pullbacks. Therefore, the bullish setup remains in play if BTC consolidates above $92,000 and $93,000, and a breakout above $95,000 could quickly retest all-time highs.
In a surprising turn of events, Nvidia’s anticipated collaboration with Arbitrum has been abruptly halted, as reported by COINOTAG News on April 25th. Initially, this partnership was set to position
Get ready for a seismic shift in the world of blockchain gaming! A major development is set to accelerate the creation of truly decentralized, real-time gaming experiences. We’re talking about MagicBlock, a company building a real-time engine specifically designed for decentralized games and applications on the Solana blockchain. They just announced a significant milestone that could pave the way for the next generation of interactive digital worlds. MagicBlock Secures Vital Crypto Funding In exciting news for the Web3 gaming ecosystem, MagicBlock has successfully closed a seed funding round, raising an impressive $7.5 million . This substantial injection of capital is a clear vote of confidence from major investors in MagicBlock’s vision and the potential of fully on-chain gaming. The funding round was spearheaded by Lightspeed Faction , a venture capital firm with a strong focus on the blockchain space. They were joined by a roster of other prominent investors, including: Maven11 Delphi Digital Robot Ventures Mechanism Capital Equilibrium Pivot Global Adding further weight to the round, notable angel investors also participated, including none other than Anatoly Yakovenko , the co-founder of Solana itself. His personal backing underscores the alignment between MagicBlock’s goals and the core capabilities of the Solana network. According to MagicBlock’s official announcement, the primary purpose of this funding is to fuel their core mission: enabling the development of real-time, fully on-chain games and applications built natively on Solana. But what exactly does “fully on-chain” mean, and why is it such a big deal? Understanding Fully On-Chain Games on Solana Most “blockchain games” today aren’t truly decentralized at their core. While they might use blockchain for asset ownership (NFTs for items, tokens for currency) or governance, the actual game logic – things like player movement, combat calculations, or world state updates – often runs on traditional, centralized servers. This creates potential points of failure, censorship, and a lack of true transparency and composability. A fully on-chain game , on the other hand, executes its core logic directly on the blockchain. Every significant action, every state change, is processed and verified by the decentralized network. This offers several compelling advantages: True Ownership & Verifiability: Game rules are transparent and immutable, ensuring fair play and verifiable outcomes. Assets are truly owned by players, not just represented in a centralized database. Composability: Game state and assets can potentially interact with other decentralized applications and protocols in novel ways. Censorship Resistance: The game cannot be arbitrarily shut down or altered by a single entity. Persistence: The game world exists as long as the blockchain does. Building complex, real-time applications like games fully on-chain is incredibly challenging. It requires a blockchain capable of high throughput, low latency, and predictable, low transaction costs. This is where Solana comes into play. Why Solana is the Chosen Battlefield for On-Chain Games Solana has emerged as a leading candidate for hosting demanding decentralized applications due to its unique architecture, particularly its Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS). This enables: High Transaction Throughput: Solana can process thousands of transactions per second, far exceeding the capacity of many older blockchains. This is crucial for games requiring rapid state updates. Low Transaction Costs: Gas fees on Solana are typically fractions of a cent, making frequent in-game actions economically viable for players. Fast Block Finality: Transactions are confirmed quickly, essential for a responsive, real-time gaming experience. While other chains are exploring similar capabilities, Solana’s current performance profile makes it particularly attractive for developers pushing the boundaries of what’s possible with fully on-chain logic. However, even with Solana’s speed, building a real-time game engine that leverages these capabilities is a significant technical hurdle. MagicBlock’s Engine: Powering the Next Wave of Blockchain Gaming This is where MagicBlock positions itself as a critical piece of infrastructure. Their engine is designed to abstract away much of the complexity involved in running game logic directly on the Solana blockchain. Think of it as a specialized toolkit or framework that allows game developers to focus on game design and mechanics, rather than getting bogged down in the intricacies of on-chain programming and state management. While the specifics of MagicBlock’s technology are still emerging, a real-time engine for on-chain games likely involves solutions for: Efficient State Management: How to store and update the game world’s state on-chain without excessive cost or latency. Deterministic Logic Execution: Ensuring that game rules execute predictably and identically across all validators. Handling Real-Time Inputs: Processing player actions and updating the game state in near real-time within the constraints of block times. Developer Tooling: Providing SDKs, APIs, and other tools to make it easier for developers to build on their platform. By providing this infrastructure, MagicBlock aims to lower the barrier to entry for creating complex, interactive on-chain games , potentially unlocking a new wave of innovation in the space. What Does This Crypto Funding Mean for the Ecosystem? The $7.5 million seed round is more than just a financial transaction; it’s a significant signal to the market. It indicates: Investor Confidence: Major VC firms and industry figures believe in the future of fully on-chain gaming and MagicBlock’s ability to deliver the necessary technology. Validation of the Vision: The funding validates the idea that there is a real need for specialized infrastructure to build sophisticated applications on fast blockchains like Solana. Accelerated Development: With this capital, MagicBlock can significantly expand its team and accelerate the development and rollout of its engine and developer tools. Potential for Growth on Solana: Successful development by MagicBlock could attract more game developers to the Solana ecosystem, bolstering its position as a hub for Web3 gaming. This funding round is a crucial step towards realizing the potential of truly decentralized, real-time experiences in the digital realm. It highlights the growing maturity and ambition within the blockchain gaming sector, moving beyond simple collectible or turn-based games towards more dynamic and interactive formats. What Challenges Lie Ahead for MagicBlock and On-Chain Games? While the funding is a massive boost, the path forward isn’t without its hurdles. Building and scaling fully on-chain games presents significant challenges: Technical Complexity: Even with specialized engines, the technical challenges of running complex logic on-chain remain substantial. Optimizing for performance and cost is an ongoing process. User Experience: On-chain interactions, while improving, can still present friction compared to traditional gaming (e.g., wallet interactions, transaction confirmations). Scalability Limits: While Solana is fast, there are still theoretical limits to how much computation and state can be handled entirely on-chain for truly massive, real-time worlds. Developer Adoption: Convincing traditional game developers to build on Web3 platforms, and specifically on a new engine like MagicBlock’s, requires compelling tools, documentation, and support. Economic Models: Designing sustainable and engaging game economies that leverage on-chain mechanics is still an evolving art form. MagicBlock will need to navigate these challenges effectively to deliver on its promise and facilitate the creation of compelling, user-friendly on-chain experiences. The Future is On-Chain: What This Means for You If you’re a game developer, this funding round signals that the tools and infrastructure for building truly decentralized games are rapidly improving, particularly on Solana. MagicBlock’s engine could offer a pathway to creating innovative experiences that leverage the unique properties of blockchain. If you’re a gamer, keep an eye on the games being built using MagicBlock’s technology. These could represent the next evolution in digital ownership, transparent mechanics, and potentially more dynamic, player-driven worlds. For investors, this round underscores the continued interest and investment flowing into the Web3 infrastructure layer, specifically targeting performance-oriented blockchains like Solana and promising applications like fully on-chain games . Conclusion: A New Era for On-Chain Gaming on Solana MagicBlock’s successful $7.5 million seed round is a pivotal moment for the development of fully on-chain games on Solana. With the backing of prominent investors, including Solana’s co-founder, MagicBlock is well-positioned to build the critical infrastructure needed to power the next generation of decentralized, real-time gaming experiences. While challenges remain, this funding significantly accelerates the potential for innovative, verifiable, and truly player-owned games to emerge on the Solana network. The dream of complex, interactive worlds living entirely on the blockchain is inching closer to reality, and MagicBlock is aiming to be at the forefront of this exciting evolution in blockchain gaming . To learn more about the latest blockchain gaming trends, explore our article on key developments shaping Solana price action.
XYO surged by as high as 50% today, ahead of its listing on a leading South Korean exchange, Bithumb. XYO network (XYO) spiked to an intraday high of $0.015 during morning hours in Asia on April 25, more than doubling from its monthly lows and lifting its market cap past $207 million. Today’s rally was triggered by Bithumb ’s announcement that it will launch a KRW trading pair for XYO later in the day at 5:00 PM KST. The listing price is set at 15.30 KRW (around $0.0107), and trading will go live shortly after, with deposits and withdrawals opening two hours later, exclusively on the Ethereum network. There’s also growing excitement around XYO’s tech developments. The network recently launched a public beta of its own Layer-1 blockchain, XYO Layer One, along with a new utility token called XL1. The new token will handle transaction fees, gas, contract execution, and user rewards, while the original XYO token will focus on governance and staking. On-chain metrics also show strong growth in its position within the DeFi space, with TVL climbing to over $91 million, up from $37 million on April 8. This was accompanied by a nearly 300% spike in daily active addresses, suggesting rising user engagement. You might also like: XYO debuts public beta of its Layer 1 blockchain and dual-token system Santiment data backs this up, showing a steady climb in the number of wallets holding between 10,000 and 100 million XYO tokens. That suggests whales and mid-sized holders are accumulating, possibly expecting more upside. Source: Santiment XYO price analysis On the 1-day/USDT price chart, XYO has broken out of a long-term descending trendline, signaling a clear bullish reversal. XYO price, 50-day and 200-day EMA chart — April 25 | Source: crypto.news It’s now trading above both its 50-day and 200-day moving averages, which is a strong sign that bulls are in control. XYO MACD and RSI chart — April 25 | Source: crypto.news Indicators like the MACD and RSI are also flashing green, showing growing strength behind the rally. Based on this setup, the next potential target for XYO is $0.025, which marks its yearly high so far. However, with the RSI now above the overbought zone, a short-term pullback could occur before the rally resumes. Market commentators share similar expectations, with some eyeing even higher targets. According to analyst Javon Marks, XYO could be gearing up for a major move. He sees the token heading toward a target of $0.06949, a potential 360% gain from current levels, now that altocin is forming lower highs and momentum is picking up fast. Read more: Crypto exchnage Bithumb alerts customers following data breach at Korea’s largest carrier Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
On April 25th, COINOTAG cited analyst Adam from Greeks.live, revealing significant metrics surrounding the options market. Notably, there are **78,000 BTC options** set to expire, with a **Put Call Ratio**