Connect with us
DAPA Banner

Crypto World

Here’s why SIREN memecoin is up 89% today

Published

on

SIREN price rise
SIREN price rise
  • SIREN surges as momentum and strong trading activity increase.
  • Profit-taking is, however, emerging after the recent sharp price rally.
  • Key levels to watch are the support at $2.50 and the resistance at $3.20.

SIREN has surged sharply, drawing attention across the crypto market.

The token has recorded a 89% increase within a single day, which is an unusually large move even by memecoin standards.

SIREN price
Source: Coingecko

This kind of rapid price action is rarely random, and it usually reflects a mix of strong momentum, speculation, and short-term market dynamics.

Here’s why the price of SIREN jumped that high

One of the main drivers behind this move is simple market momentum.

When a token begins to rise quickly, it tends to attract more buyers who fear missing out.

This creates a feedback loop in which rising prices lead to higher demand, which in turn pushes prices even higher.

Advertisement

SIREN appears to have benefited from exactly this kind of reaction.

At the same time, trading activity has increased significantly.

High volume during a price surge often signals strong participation from both retail traders and larger market participants.

However, heavy volume alone does not guarantee continued upside.

Advertisement

It often appears during both breakouts and tops, which makes it important to interpret carefully.

Profit-taking could halt the rally

Despite the strong rally, there are early signs that some participants are locking in profits.

After a near 100% surge, it is common for early buyers to start selling into strength.

This behaviour creates selling pressure that can slow down or reverse upward momentum.

Advertisement

The meme coin is already down 16% from its recently hit all-time high

When prices fail to hold near their peak, it can indicate that sellers are beginning to take control.

There are also concerns among some traders about the structure of the market behind SIREN.

Speculative assets with rapid growth can sometimes be influenced by concentrated holders.

Advertisement

This raises the possibility of larger players influencing price direction through coordinated buying and selling.

SIREN price forecast

Overall, SIREN remains in a strong but fragile position. Looking ahead, the key level to watch is around $2.50.

This level is acting as immediate support in the short term.

If SIREN manages to hold above this zone, the market may enter a consolidation phase.

Advertisement

In that case, the price could move between $2.50 and $3.20 while the market stabilises after the recent surge.

A stronger bullish continuation would require a clean break above $3.20.

If buyers can push the price back toward the recent all-time high and beyond, it would signal renewed strength.

However, this would also require sustained buying volume and strong market sentiment.

Advertisement

On the downside, a break below $2.50 would be a key warning sign.

If that level is lost with significant volume, it could indicate that profit-taking is accelerating.

In that scenario, the next area to watch would be around $2.00.

A move toward this level would represent a deeper correction after the recent rally.

Advertisement

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Foundry’s institutional Zcash pool captures a third of new issuance

Published

on

Cyclops raises $8m for enterprise stablecoin infrastructure

Foundry’s U.S.‑based, compliance‑first Zcash pool has already grown to roughly one‑third of network hashrate, giving institutional miners a regulated way into privacy coins while stoking fresh centralisation fears.

Summary

  • Bitcoin mining giant Foundry has launched an institutional Zcash pool that already accounts for roughly one‑third of new ZEC issuance.
  • The U.S.‑based, compliance‑focused pool is pitched at institutional and public miners as a “purpose‑built” alternative to offshore privacy‑coin infrastructure.
  • Foundry argues Zcash’s zero‑knowledge privacy with selective disclosure makes it more compatible with regulation than rivals like Monero.

Foundry Digital, operator of the Foundry USA Bitcoin mining pool, has officially launched an institutional‑grade Zcash (ZEC) mining pool that has quickly grown to around 30% of the network’s hashrate, consolidating a significant share of new ZEC issuance under a single U.S.‑regulated operator. The Rochester, New York‑based firm, which Fortune notes already commands about 31% of global Bitcoin production, is positioning its new pool as the default home for institutional miners seeking exposure to privacy‑focused assets without abandoning compliance.finance.

In a Business Wire release, Foundry said the Zcash pool has seen “rapid and sustained hashrate growth reaching ~30% of the current Zcash network hashrate” since it was first announced on March 11, with “multiple institutional mining customers already onboarded and contributing hashrate.” The company stressed that the pool is “designed for professional mining organizations and public companies that require a U.S.-based, compliance-ready partner, including KYC verification in line with Foundry’s institutional standards,” mirroring the governance of its Bitcoin operation.

Advertisement

Foundry CEO Mike Colyer framed the move as both a bet on Zcash and a response to unmet institutional demand. “Zcash has matured into an institutional‑grade asset, but the mining infrastructure supporting it hasn’t kept pace,” he said, adding that the new pool is “purpose‑built for the operational and compliance requirements of institutional and public miners.”

A CoinMarketCap summary of the launch notes that the pool will offer know‑your‑customer and anti‑money‑laundering checks, transparent payout calculations, reporting tools and 24/7 technical support, with no minimum hashrate required to join.

Zcash, launched in 2016, relies on zero‑knowledge proofs (zk‑SNARKs) to enable shielded transactions that hide sender, receiver and amount while still allowing selective disclosure to auditors or regulators. Foundry and several commentators have argued that this “privacy with a view key” model is more compatible with institutional compliance than fully opaque systems like Monero, which lack native mechanisms for selective transparency.

Advertisement

At the same time, the arrival of a U.S. pool with roughly one‑third of Zcash’s hashrate raises familiar centralisation questions. Unfolded and other mining trackers have previously highlighted that Foundry USA already coordinates about 30% of Bitcoin’s global hashrate, and Mempool.space data shows the pool averaging more than 340 exahashes per second on Bitcoin alone. Adding a Zcash operation that quickly captures around one‑third of ZEC issuance further concentrates influence over block production in a single corporate group, albeit one that stresses its role in “contribut[ing] to the decentralization of Bitcoin’s hashrate” by anchoring North American capacity.

For Zcash, the trade‑off is stark: institutional capital and hashpower are flowing in through a U.S.‑regulated gateway that validates the project’s positioning as a compliant privacy coin, but at the cost of a more concentrated mining landscape. As regulators in the U.S., EU and Hong Kong tighten their grip on stablecoins, exchanges and tokenized assets — a trend explored in recent crypto.news coverage of HKDAP’s launch, MiCA implementation and the CLARITY Act — Zcash’s bet is that privacy with selective disclosure, plus a mining pool built for auditors rather than cypherpunks, is a price worth paying for long‑term relevance.

Source link

Advertisement
Continue Reading

Crypto World

Bitcoin’s 50% Drawdown ‘Priced In’ Quantum Computing Threat: Bernstein

Published

on

Bitcoin's 50% Drawdown ‘Priced In’ Quantum Computing Threat: Bernstein

Bernstein said Monday that Bitcoin’s selloff has already priced in much of the market’s fear around quantum computing, arguing that the threat is real but still manageable rather than an immediate existential risk.

Bitcoin’s (BTC) near 50% drawdown from its $126,198 all-time high in October 2025 is proof that the market has “priced in” several risks tied to a quantum breakthrough, partly thanks to technological progress on zero-knowledge privacy and quantum-proof cryptography that “counterbalance” the AI and quantum acceleration, Bernstein said in a Monday note shared with Cointelegraph.

The note lands two weeks after Google researchers said future quantum computers could break the elliptic-curve cryptography used across many blockchains with fewer than 500,000 physical qubits in some architectures, reviving debate over how quickly Bitcoin needs a post-quantum upgrade path. This research suggested a quantum computer could crack a Bitcoin private key in nine minutes, in a theoretical scenario, which is less than Bitcoin’s 10-minute block production time.

However, Bernstein said Bitcoin core developers have “adequate time” to determine a post-quantum path. Last week, Bernstein predicted that Bitcoin has about three to five years to prepare for a post-quantum security upgrade, Cointelegraph reported on Wednesday.

Advertisement
Graph showing the risk that an on-spend quantum attack that takes 9 minutes to derive a private key succeeds against Bitcoin. Source: Google Quantum AI

Institutions will play constructive role in quantum-proofing Bitcoin

Bernstein said large institutional holders, including exchange-traded fund (ETF) issuers and corporate treasury buyers such as Strategy, are likely to play a constructive role in any eventual consensus on a post-quantum upgrade.

“We expect institutional partners with now billions at stake to play a constructive role in building consensus on the post-quantum path.”

The note also highlighted the recently introduced BIP-360 proposal and added that slower consensus from Bitcoin developers is seen as responsible behavior when it comes to a $1.5 trillion asset.

BIP-360 is a draft Bitcoin Improvement Proposal that proposes a Pay-to-Merkle-Root output type designed to reduce long-exposure quantum risk by removing Taproot’s key-path vulnerability, though it does not itself add post-quantum digital signatures.

Bernstein said BIP-360 could be implemented as a soft fork for exposed Bitcoin addresses, but added that this would still leave around 8% of the BTC supply in inactive addresses vulnerable to future quantum breakthroughs.

Related: Bitcoiners push for quantum-resistant BIP-360 upgrade as debate heats up

Advertisement

Quantum-proofing Bitcoin is a social issue, not technical

The real challenge of quantum-proofing Bitcoin lies in the societal adoption element of the new standards, not the technical development, according to Arthur Breitman, co-founder of Tezos blockchain.

“The coding work could be done this afternoon,” but Bitcoin holders would still need to migrate to this new standard, Breitman told Cointelegraph during an interview at EthCC 2026.

“If Bitcoin needed to migrate in the next month, they could do it from a technical perspective […] but they can’t get everyone to migrate their key in a month, Breitman said. “It’s going to take years for people to properly migrate their keys,” he added.

Arthur Breitman, co-founder of Tezos, interview at EthCC 2026. Source: Cointelegraph

Asset manager Grayscale’s head of research, Zach Pandl, shared a similar view in a research report last Monday. He said Bitcoin’s quantum-proofing challenges are “more social than technical,” provided that its UTXO model does not have native smart contracts and that some address types are not quantum vulnerable.

However, he warned that the community needs to find consensus on how to quantum-proof wallets where the private key has been lost or is otherwise inaccessible.

Advertisement

Magazine: AI has dramatically accelerated the quantum threat to Bitcoin: AI Eye