|All Time High:|
|Market Cap: |
|The price of #AVAX today is $20.97 USD.|
The lowest AVAX price for this period was $0, the highest was $20.97, and the current live price for one AVAX coin is $20.96892.
The all-time high AVAX coin price was $146.
Use our custom price calculator to see the hypothetical price of AVAX with market cap of BTC or other crypto coins.
|The code for Avalanche is #AVAX. |
Avalanche is 2.4 years old.
|The current market capitalization for Avalanche is $6,606,654,489.|
Avalanche is ranked #17 out of all coins, by market cap (and other factors).
|The trading volume is very large today for #AVAX.|
Today's 24-hour trading volume across all exchanges for Avalanche is $150,068,307.
|The circulating supply of AVAX is 315,068,837 coins, which is 44% of the maximum coin supply.|
|AVAX is the native coin for the Avalanche blockchain.|
View the full list of Avalanche blockchain tokens.
|AVAX is well integrated with many pairings with other cryptocurrencies and is listed on at least 64 crypto exchanges.|
View #AVAX trading pairs and crypto exchanges that currently support #AVAX purchase.
Dexalot Launches First Central Limit Order Book Subnet on Avalanche with $1M+ in Incentives
Dexalot’s novel infrastructure enables users to access a decentralized trading protocol with a centralized exchange experience. Dexalot, a decentralized cryptocurrency exchange has launched on an Avalanche Subnet, marking a new milestone in the evolution of decentralized trading protocols. The Dexalot Subnet aims to replicate the user experience of a centralized exchange (CEX) without compromising on decentralization and transparency. Its team has spent months building and refining its application using the Avalanche Fuji test network to deliver an on-chain central limit order book (CLOB) with low transaction fees, fast transaction finality, and support across spot trading pairs. The Subnet is a key pillar of Dexalot’s dual-chain application. Traders deposit and withdraw assets through the Dexalot application on the Avalanche C-Chain, and then trade on the Dexalot Subnet. Communication between the Mainnet and Subnet occurs through generic message passing using high-end cross-chain communication protocols, like LayerZero. This enables traders to trade with confidence — without surrendering custody of their assets — and may reduce slippage in trade execution.“By utilizing both the [deposit] chain and [trading] chain, we have optimized Dexalot for speed, safety and above all, experience,” says Co-Founder and CTO Cengiz Dincoglu. “We are looking forward to introducing DeFi traders to the Subnet on the Avalan...
Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized…
Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized Finance Market - IntainMARKETS’ Subnet Facilitates Efficient, Cost Effective, and Transparent End-to-End Asset Issuance, Investment, and Administration. Intain Inc., a leading structured finance platform, has launched IntainMARKETS, a marketplace for tokenized asset-backed securities built as an Avalanche Subnet. By launching as a Subnet, IntainMARKETS aims to meet regulatory and other application-specific requirements as it aims to solve core challenges for a market which created $2T of new mortgage-backed and asset-backed securities in 2022, according to SIFMA  . Intain’s first platform, IntainADMIN, now facilitates the administration of more than $5.5B in assets across more than 25 deals. In October 2022, Asset-Backed Alert reported that Wilmington Trust, a leading provider of wealth and institutional services for M&T Bank Group, would partner with Intain to ‘apply blockchain technology to mortgage-bond transactions.’ Leading trust banks involved in the U.S. securitizations market, WSFS Bank and UMB Bank, already work with Intain to provide Paying Agent services. IntainMARKETS’ digital marketplace automates and integrates functions of key stakeholders in structured finance, including issuer, verification agent, underwriter, rating agency, servicer, trustee, and investor. Rather than replacing trust intermediaries...
Avalanche Explorer Gets a Brand New Upgrade for All P-Chain Data
The new tool pulls up-to-the-second data on validators, rewards, Subnets, and more. Ava Labs has launched a brand new explorer for Avalanche’s P-Chain, providing deeper visibility into all P-Chain activities from staking to granular transaction details. As one of three main chains in Avalanche’s Primary Network, the P-Chain maintains validators and empowers builders to launch Subnets. The new P-Chain Explorer lets anyone peer into thorough on-chain data on Avalanche’s validators, delegator transactions, staking, rewards distribution, Subnet creations, X/P/C cross-chain transactions, and much more. With greater P-Chain visibility, the Avalanche ecosystem and network performance becomes more transparent for users and developers. Now, people can easily monitor their own staking rewards or that of others, scout nodes they might want to delegate to, verify funds of any address, and even review details of Subnet creation transactions. Anybody can obtain data on past and present Subnet validator performance with a simple search, promoting a transparent ecosystem. More broadly, the new update to the Avalanche Explorer directly expands what’s possible while keeping Avalanche explorers in one convenient place. Now, users can call up far more nuanced data in just a few clicks, and get a window to see how validators for Subnets are performing. The P-Chain Explorer provides up-to-the-second data on: Subnet creation and staking,...
Avalanche Park X Ed Balloon Concert Series to Launch in DTLA in February with Emerging NFT Artists
The inaugural event offers a new way to experience music through Web3, giving fans NFT-gated access benefits and digitally stamping music on Avalanche. On February 23 in Downtown Los Angeles, the Avalanche Park x Ed Balloon concert series will open with a show at WisdomeLA, an immersive art and entertainment park that has geodesic domes with 360-degree projection capabilities. Raw, underground music culture will be on full display as artists like Ed Balloon, JPEGMAFIA, Clipping., and Witch Prophet take the stage. Tickets are free. Fans can RSVP now. Attendees of the February 23 kickoff event will receive a free Avalanche Park NFT upon arrival. This will unlock unique experiences at the kickoff concert, including a raffle via MynaSwap for rare shoes from Cool Kicks. At later events in the series, fans with the Avalanche Park NFT will get priority access to the RSVP website, VIP access and experiences, merch discounts, and raffle opportunities to meet the featured artists. Conceptualized by musician, NFT artist, and community builder, Ed Balloon, who saw a lack of diverse culture and representation in Web3, the first-of-its-kind event series will demonstrate how Web3 creates an environment where artists are free to express unbridled creativity, and where fans can consume music through raw IRL experiences. The lineup has been curated by Ed Balloon, who is also one of the featured performers. Ed Balloon is known for his innovati...
Developer Spotlight: Usman Asim has Big Plans for Rust and ZKs on Avalanche
The Chainstack Dev plans to run his own dApp on the VM once production-ready, ideally on an Avalanche Subnet. The tech Usman Asim needed for his dApp didn’t quite exist. He had a big idea, but also a problem set without a clear solution. He needed a blockchain with leading speed, decentralization, and flexibility. He needed the architecture that could incorporate ZKs for privacy-centric goals. He needed to customize his own Rust VM to fine-tune an ideal execution environment. Essentially, he needed a unicorn. Usman found one with Avalanche. In about two weeks, Usman built a custom Rust VM with ZKs on Avalanche — BulletproofVM — to be the foundation for his dream dApp. Usman, 21, is a developer relations engineer at Chainstack, a blockchain managed services platform. At Chainstack, he focuses on “four or five chains, mostly Avalanche.” Chainstack helps clients manage their Avalanche infrastructure, including providing validators and other tooling for builders launching Subnets. “I’ve been preaching the Avalanche song for a long time,” Usman said. “It’s super customizable, you can create whatever VM you want, and you can write in whatever language you want.” To build his own custom Rust VM, Usman used the Avalanche Rust SDK. New to Rust, Usman supplemented the SDK with a few questions to friends more practiced in the language. Aside from these few questions, Usman built the VM himself from researc...
Stardust Adds Avalanche, Providing Powerful New Scaling Solutions for Game Developers
Stardust brings convenient wallet and low-code NFT tools, teaming up with Ava Labs on an accelerator to drive game development for Web2 game developers and new Web3-native studios. Stardust, a seamless solution for developers to integrate NFTs into their games in just a few lines of code, has added Avalanche C-Chain and Subnet (coming soon) compatibility. Hundreds of game developers using Stardust can now easily onboard millions of mainstream players through Stardust’s custodial wallet and conveniently integrate NFTs into their projects, all while taking advantage of Avalanche’s Subnet scaling and customization, greater security, and leading time to finality. With expansion to Avalanche, Stardust continues to diversify its toolset that aims to empower game developers leveraging NFTs, while reducing the cost, technical, and speed-to-market barriers that have slowed mainstream NFT adoption among game developers. Additionally, Stardust and Avalanche have created an accelerator program aimed at making it easy for Web2 game developers and Web3-native studios to integrate NFTs into their games using Stardust’s low-code solution. For more information on how to participate in this program, contact Stardust’s team.“Until now, both independent and established game developers have struggled to build on blockchain due to inherent complexities,” said Gordon Grove, Stardust Head of Product. “With the addition of Avalanche, Sta...
Ready Player DAO Levels Up Avalanche Games with Content Creation
The Web3 gaming guild is driving written, video, and influencer content for Avalanche games and deploying its own node Ready Player DAO, a top Web3 gaming guild, is making a major push into Avalanche gaming. The DAO is lending content creator and streamer muscle to Avalanche games, pushing articles, social media posts, and live video content. Ava Labs is supporting these efforts. The goal: to tell the world about the amazing games being built on Avalanche and onboard new and existing users into the world of Web3 gaming. Ready Player DAO’s alliance comes at a key time for Avalanche gaming. With Avalanche’s many successful live games and a deep roster of highly anticipated titles coming this year from top publishers, Avalanche has become the gaming chain. Game developers choose Avalanche for its speed, security, scalability, and Subnets. The Avalanche gaming ecosystem is growing rapidly, with incredible titles like Shrapnel, Pulsar, and many others coming to the ecosystem. Ready Player DAO is a true value add for new and existing Avalanche game developers, who now have access to an entire network of top tier Web2 and Web3 content creators. In addition to content creation, Ready Player DAO is also helping organize Avalanche gaming events, including several tournaments. The collaboration between Ready Player DAO and Ava Labs goes deeper. Ready Player DAO is launching an Avalanche validator using AWS Cloud, joining GREE as a ...
Ava Labs and AWS Bring Scalable Blockchain Solutions to Enterprises and Governments
Avalanche launches new infrastructure features on AWS, including validator tools for compliance use cases. Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. AWS supports Avalanche’s infrastructure and dApp ecosystem, including one-click node deployment, through the AWS Marketplace. Critically, Avalanche node operators can run in AWS GovCloud for FedRAMP compliance use cases — a vital capability and a pre-requisite for enterprises and governments . Ava Labs is now also a member of the AWS Partner Network (APN), enabling the firm to help customers deploy custom offerings on AWS that are connected to more than 100,000 partners across more than 150 countries.“It has been a huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them,” said Emin Gün Sirer, Founder and CEO of Ava Labs. “I’m proud that we’ve implemented a protocol that can accommodate millions of participants with near-instant finality. Our work with Amazon can accelerate the positive impact of Avalanche.” Ava Labs plans to add Subnet deployment as a managed service to the AWS Marketplace so both individuals and institutions can launch custom Subnets with just a few clicks. This functionality aims to include a feature to distribute valida...
Artist Spotlight: Gunnar Tarsa’s Chaotic Scribbing
Avalanche NFT artist Scribble Warlock draws linked worlds of primary colors and superhero-inspired characters. In just over six months as an NFT artist, Scribble Warlock has already released more than 10 collections on Avalanche. These include more than 650 1-of-1 abstract illustrations, many with repeat themes and characters, and set in an interlinked universe known as the Chromasphere. Despite sharing a common, instantly recognizable style, Scribble Warlock’s work has range — from his epic explorations of self in a color-deprived world to chaotic paintings of happy fruit. In his work, solid black lines web, broken by creatures, figures, and bursts of color. Scribble Warlock, whose name is Gunnar Tarsa, focuses on CMYK colors — the cyan, magenta, and yellow that many computer printers have combined to form the whole visible spectrum. medium.com Gunnar uses paint pens or Procreate. He begins pieces by free-sketching, allowing his characters to emerge from the lines almost like sculptures emerge from stone. He probes directions and ideas as the nature of a piece reveals itself to him. Gunnar investigates his Chromasphere from his bedroom in Georgia, sitting at a simple desk. He works beside his partner, also an artist. He often streams his “chaotic scribblings” on Twitch. Gunnar, now 27, has been an artist since childhood. “I was a super creative kid, constantly copying comic books, drawing Dragon Ball Z ...
Millions of Shopify Merchants Can Now Use Avalanche NFTs through Venly
The e-commerce giant now lets its merchants design, mint, and sell Avalanche NFTs. Avalanche NFTs are now available to millions of Shopify ($SHOP) merchants through Venly Shopify NFT, a merchant app. Merchants can easily design, mint, and sell NFTs in just a few clicks, diversifying their stores offerings to customers. Buying and selling NFTs for customers will be as seamless as the merchant’s existing experience, as Avalanche is able to finalize near-instantly and at a low cost. Now, eco-friendly Avalanche NFTs are available to Shopify’s millions of merchants, a trailblazing e-commerce giant that generates $1B+ in total revenue per quarter (Source). This year alone, online retail ecommerce sales reached $5.4 billion, with year-over-year growth projected at ~5% until 2025 (Source). . Venly Shopify NFT Makes Buying and Selling NFTs Easy With the app, Shopify merchants with minimal technical knowledge can design and sell Avalanche NFTs with little effort. The app also creates a simple experience for Shopify buyers. There’s no need for a pre-existing digital wallet to buy an Avalanche NFT. After an NFT purchase from Shopify, buyers get an email with a link to a new wallet. This wallet holds the NFT and can be sent to any other wallet, such as Core.“With Shopify’s vision to make commerce better and our goal of making blockchain simpler, we offer businesses an accessible point of entry to both,” said Tim Dierckxsen...
More Avalanche (#AVAX) News
|Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump
Avalanche moved to its highest point since August, as the token rose by as much as 17% in today’s session. Cryptocurrencies surged across the board, following the latest Federal Reserve rate hike, with the global market cap 4.29% higher as of writing this. Polygon also hit a multi-month high on Thursday, rising by over 14% in the process.Avalanche (AVAX)
Avalanche (AVAX) was one of Thursday’s notable movers, as the token rose to its highest point since August.
AVAX/USD hit a high of $22.71 earlier in the day, and came less than a day after it traded at a bottom of $18.80.
The move came as avalanche broke out of a long-term price ceiling at $21.65, on its way to its strongest point since August 26.
Looking at the chart, the move took place following a breakout of a resistance level at 72.00 on the relative strength index (RSI) indicator.
As of writing this, the index is tracking at 72.62, with the next visible resistance point around the 74.00 mark.
Should this zone be hit, there is a strong chance that AVAX could move above $23.00, recording a fresh five-month high in the process.
In addition to AVAX, polygon (MATIC) also rose significantly higher in today’s session, hitting a multi-month high in the process.
Following a low of $1.07 on Wednesday, MATIC/USD moved to a peak of $1.25 earlier in the day.
Thursday’s rally saw MATIC climb by as much as 15%, hitting its highest level since November 8.
As of writing this, polygon has given...
|AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adopti...
Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain.
In fact, despite experiencing severe price drops together with the rest of the broader crypto market during the final quarter of the previous year, the altcoin has managed to stand out as one of the better performers this week.
At the time of writing, according to tracking from Coingecko, AVAX is changing hands at $21.81 and has gone up by more than 13% over the last 24 hours.
On a weekly and bi-weekly basis, the crypto is sporting upticks of 22.2% and 38.2%, respectively while during the past 30 days the digital asset’s value recorded a tremendous boost, going up by an astonishing 96%.
Avalanche Records Massive Jump In Daily Transactions Count
This impressive rally that AVAX is currently enjoying seems to have rubbed off in other aspects of its ecosystem, as evidenced by the 85% increase in the average daily transactions its native blockchain processes which now peaks at 288,120.
Moreover, before exiting 2022, the smart contract-focused network tallied a daily active address average of 48,023, 3.2% higher of what was recorded during the third quarter of last year.
The first institutional Subnet is here!
.@IntainFT, a structured finance platform that facilitates administration of $5.5B in assets, is launching IntainMARKETS, an on-chain marketplace for tokenized asset-backed securities.
Let's take a look at why Intain #ChoseAvalanche / pi...
|Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday
Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Avalanche also surged today, hitting its strongest point since August.Dogecoin (DOGE)
Dogecoin (DOGE) was one of Saturday’s most notable movers, as prices rose to their highest point in six weeks.
Following a low of $0.08507 on Friday, DOGE/USD rallied to an intraday peak of $0.09297 earlier in the day.
As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930.
Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00.
As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808.
Should DOGE bulls push price strength past the 61.00 mark, it is likely that prices will break out of today’s ceiling at $0.0930.
Avalanche (AVAX) surged by as much as 14% higher to start the weekend, as prices raced past a long-term point of resistance.
AVAX/USD jumped to a high of $21.68 earlier in the day, which comes less than a day after falling to a low of $17.83.
Today’s rally has seen avalanche rise to its highest level since August 26, cementing a five-month high in the process.
Earlier gains have al...
|Avalanche Skyrockets 14%, Bitcoin Calm at $23K (Weekend Watch)
Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground.
Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others.
Bitcoin Back Down to $23K
It was last week when the primary cryptocurrency skyrocketed from $21,000 to a multi-month high above $23,000. This solidified the asset's positive start to the new year, in which it has already shot up by roughly 40%.
The past seven days were less volatile except for a price pump on Wednesday night. This one saw BTC jump to $23,800 for the first time in over four months. However, the bears intercepted the move and pushed bitcoin south almost immediately.
All eyes were on the US on Thursday and Friday. The world's largest economy announced the GDP date on Thursday and the PCE numbers a day later, but that didn't bring a lot of fluctuations for bitcoin.
Nevertheless, the asset saw a minor price jump to $23,500 late on Friday but couldn't continue upwards. As of now, it stands at around $23,000 once again, but its market cap is above $440 billion.
Its dominance over the altcoins has been reduced slightly to 42.1% as most alts have charted notable gains in the past 24 hours.
BTCUSD. Source: TradingView
AVAX, DOGE, MATIC on the Rise
As mentioned above, a lot of altcoins have outperformed bitcoin on a daily scale, led by Avalanche. AVAX has shot up by roughly 14% and has tapped a local peak of over $20.
Dogecoin, Polygon, a...
|Avalanche Crumbles 10% – Was The AVAX Rally A Bull Trap?
Avalanche has been going up the chart ladder since the start of the year, following the broader crypto market rally as major cryptocurrencies break through crucial resistances. But right now, its native token AVAX seems to have found itself a new ceiling.
According to Coingecko, AVAX is down 10% in the daily time frame, landing it a spot as one of the bigger losers as of today, January 25th. This has led to speculation that Avalanche’s most recent rally that was triggered by partnerships with Amazon Web Services and with Alibaba was just a so-called 'buy the rumor, sell the news' event.
The saying 'buy the rumor, sell the news' describes a common trading technique in which investors buy a security on the basis of rumors about an impending news announcement or data, and then sell the asset once the news is out.
This could afford the trader an opportunity to purchase the security before everyone else does so that he or she can sell it at a profit when demand and price rise.
External And Internal Forces Influence AVAX
Although developments on-chain have been particularly bullish, external market forces seem to be the dominant force for the token’s slippage today. At the time of writing, Bitcoin and Ethereum have approached their respective resistances with no breakthroughs made by the two cryptos' bulls.
But with recent developments like the ecosystem’s partnership with Canadian e-commerce company Shopify, we might see Avalanche become more ...
|Biggest Movers: AVAX Hits Multi-Month Peak, as MATIC Jumps to 1-Week Hig...
Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high.Avalanche (AVAX)
Avalanche (AVAX) rose to a multi-month high on Tuesday, as prices rallied for a third consecutive session against a backdrop of bullish news.
Following a low of $17.43 to start the week, AVAX/USD moved to an intraday peak of $18.86 earlier today.
As a result of today’s surge in price, AVAX has risen to its strongest point since Nov. 6.
Looking at the chart, the move took place following a breakout of a ceiling at the $18.50 mark.
In addition to this, the 14-day relative strength index (RSI) neared a resistance level of its own at 72.00
At the time of writing, the index is tracking at 71.11, with earlier gains fading, resulting in AVAX currently trading at $18.22.
In addition to AVAX, polygon (MATIC) climbed higher in today’s session, following a collision with a key price floor.
MATIC/USD raced to a peak of $1.04 earlier in the day, less than a day after hitting a low of $0.9849
The move saw polygon reach its highest level since last week Monday, when price was last close to a resistance of $1.05.
However, like on that occasion, prices have since plunged, with momentum not strong enough to force a breakout.
As of writing, MATIC/USD is now trading at ...
|Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Net...
Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins.Number of Bitcoin Bridged to Avalanche Climbs Past Lightning Network Capacity
This past week digital currency advocates have been discussing the rising number of bitcoin (BTC) bridged over to the Avalanche (AVAX) network. Seven days ago, the crypto asset known as BTCb saw its supply surpass the number of bitcoins locked on the Lightning Network (LN). The reason for the celebration is that it took much less time to beat the LN's total value locked (TVL) or capacity. At the time of writing, the LN has around 5,248 bitcoin TVL, which is worth around $120 million using today's BTC prices.
A week ago on Jan. 16, an Avalanche (AVAX) supporter known as 'Ojrdev' tweeted about the number of bitcoins transferred to the AVAX chain. 'Avalanche has transferred more [bitcoin] (BTCb) than is locked in [the] Lightning Network,' Ojrdev tweeted. 'The Avalanche consensus mechanism is also faster than Lightning.' Many other AVAX supporters agreed and celebrated the milestone. While the LN currently holds 5,248 BTC, the number of BTCb, according to snowtrace.io, is around 5,493 BTCb, worth $125.5 million using current BTC exchange rates.
During the same peri...
|Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here's What He Said
Due to the Bitcoin (BTC) and crypto market uncertainty, predicting the following trend pattern for crypto assets is usually difficult. However, analysts have always released predictions for most crypto assets. While some projections turned out to be accurate, some still failed to happen as predicted.
One analyst became popular for releasing an accurate prediction for Bitcoin's 2018 bottom six months before the period. However, the pseudonymous analyst and trader, Smart Contracter, is suddenly bullish in his recent predictions.
Analyst Scraps Bearish Stance On Bitcoin (BTC)
Smart Contracter took to Twitter to inform his followers about his plan to scrap his bearish bias on the BTC/USD trading pair. His new decision was based on the recent Bitcoin price breaking out to a higher range.
Smart Contracter noted that Bitcoin could perform better than other cryptocurrencies in the future. He explained that the BTC's price action is currently more impressive due to the impulsive disposition. The analyst disclosed that he desired to shift to long positions in his trades once the opportunity came through a breakdown.
Further, Smart Contracter projected charts to explain the possible price trend for the leading crypto asset. For example, he predicted that Bitcoin would surge by more than $18,800. Also, he used Elliot Wave Theory to support his technical analysis for BTC.
Smart Contracter reported that BTC would display a 5-wave pattern for its primary trend, but its corrective movement ...
|Biggest Movers: AVAX 22% Higher, as DOT Nears 1-Month High
Avalanche was one of Thursday’s big gainers, as the token rose by as much as 22% in today’s session. The move came as inflation in the United States fell to 6.5% as markets were expecting. Polkadot was another notable mover, with prices climbing close to a four-week high. Avalanche (AVAX)
Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report.
AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to a bottom of $12.41.
Thursday’s spike in price pushed avalanche to its highest point since November 8, when price was at a peak of $18.15.
Looking at the chart, earlier gains have somewhat eased, with AVAX now trading at $15.18.
This came as the 14-day relative strength index (RSI) failed to break out from a resistance at the 80.00 level.
As of writing, the index is now tracking at 69.94, which is still deep in overbought territory.
Polkadot (DOT), was another big gainer in today’s session, with prices moving closer towards a four-week high.
Following a low of $4.84, DOT/USD managed to reach an intraday high of $5.16 earlier on Thursday.
As a result of this move, DOT broke out of a key resistance level of $5.15, hitting its strongest point since December 16 in the process.
As can be seen from the chart, the 14-day RSI has failed to move beyond its long-term ceiling of 68.00, and has since slipped lower.
Price strength is ...
|AVAX Soars 23% Daily as ETH Paints 9-Week High: Market Watch
Bitcoin's start of 2023 continues to be quite impressive, with the asset exploding above $18,000 for the first time in about a month.
The alternative coins have also charted impressive gains. Ethereum has registered a multi-month high of its own, while AVAX has soared by double digits.
Bitcoin Reclaims $18K
2023 continues to be largely different for bitcoin than 2022, which ended on a negative note, with BTC sliding below $16,500. After January 1, though, the landscape has been more positive for the asset.
It started to gain value gradually in the following days and neared $17,000 by last week's end. It was stopped there at first, but it shot past through that line a few days later and hasn't looked back since.
The new week brought even more joy for the bulls as BTC tapped $17,500 a few days back. However, the bulls kept the pressure on and pushed the cryptocurrency to and beyond $18,000 in the longest rally in a year and a half.
Bitcoin charted a monthly high at just under $18,400 a few hours ago but has retraced slightly since then. Nevertheless, its market capitalization has gone to $350 billion, and its dominance over the alts is up to 39.5%.
BTCUSD. Source: TradingView
ETH, AVAX Skyrocket
The altcoins are also well in the green today, led by the second-largest cryptocurrency. Ethereum was somewhat standing quiet lately, especially compared to some notable gainers such as Cardano and Solana.
Now, though, ETH is up by 5% and reached $1,400 earlier today to mark its highest...
|Avalanche Impresses With 32% Rally – Will AVAX Sustain This Ascent...
The crypto rally that greeted the new year has definitely brought gains to the world of altcoins. According to CoinMarketCap data, most huge gains were made by altcoins in the past 30 days. AVAX, native token of the Avalanche blockchain, is one of them with gains of up to 32% in the seven days.
The rally came as major cryptos like Bitcoin and Ethereum all registered gains and increased investor sentiment. Although the fear, uncertainty, and doubt of the last year’s bear market is still present, the increasing chance of a recession still gives investors some worry.
As of writing, AVAX is trading at $15.96, up 28% in the last 24 hours, data from Coingecko show.
What Supported The Avalanche Rally?
The Avalanche ecosystem has been bullish. Recently, Shopify partnered with Avalanche to allow Shopify merchants to sell their NFTs. According to public information, users don’t need to handle any cryptocurrencies to buy NFTs.
Venly, one of the numerous blockchain partners of Shopify, created a no-code tool for sellers to create NFTs. In a recent interview, Venly co-founder Tom Dierckxens said that this evolution in NFT technology is an evolution which can be adopted in the mass market.
This is only the most previous on-chain development for the ecosystem. On a previous tweet by Axaholic, a Twitter account dedicated to Avalanche updates, the ecosystem partnered up with Re Protocol which tokenizes the reinsurance industry, empowering business through block...
|Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adop...
Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin Gün Sirer, said the collaboration was a 'big deal' and, in comparison with other blockchain announcements that involved AWS, he insisted that this partnership is 'meaningful.'Founder and CEO of Ava Labs, Emin Gün Sirer, Comments on Collaboration with Amazon Web Services
According to Ava Labs, the company behind the blockchain network Avalanche (AVAX), the firm has partnered with Amazon Web Services (AWS) to 'accelerate enterprise, institutional, and government adoption of blockchain.' The team published the announcement on Jan. 11, 2023, and said that AWS will support the Avalanche network and decentralized application (dapp) ecosystem. 'Critically, Avalanche node operators can run in AWS Govcloud for Fedramp compliance use cases - a vital capability and a pre-requisite for enterprises and governments,' the Wednesday announcement detailed.
“At AWS, we are all about bringing the most cutting-edge technologies to builders, no matter if they sit in a multi-million-dollar enterprise, a government office, or a dorm,” Howard Wright, the VP and global head of AWS startups said in a statement. “The new capabilities brought by Avalanche enable us to do just that. We’re thrilled to add an innovator like Ava Labs to our partner network a...
|Avalanche Partners With Amazon, What's Next For The Price?
Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace.
With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries.
Technically, the Avalanche node operators can operate in AWS GovCloud for the FedRAMP compliance use case, which is an essential pre-requisite for many enterprises and governments.
This partnership will help scale blockchain adoption among many enterprises, government organizations, and other institutions.
Howard Wright, the VP and Global Head of startups at AWS, stated:
Looking forward, web3 and blockchain are inevitable. No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.
Through the partnership, individuals will find it much easier to launch and manage nodes on Avalanche; additionally, it will strengthen and make the network more flexible for developers to work on. This new development has positively affected the altcoin's price, but it is yet to be seen if the coin can sustain this price sentiment.
Avalanche Technical Analysis
The news of AWS being incorporated into the Avalanche ecosystem has instantly spiked investor interest. The daily chart of AVAX di...
|AVAX Value Drops By 2% Following Grayscale Removal of Avalanche From Lar...
In its latest quarterly update, Grayscale announced the rebalancing of funds for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a certain amount of its Digital Large Cap Fund and dumped its held tokens, including Avalanche Network token AVAX.
AVAX has slipped by 2% following the sell-off in the past 24 hours. According to Grayscale, the sold-off AVAX tokens were replaced with the purchase of the existing fund components in proportion to their respective weightings.
Grayscale Purchased And Existing Tokens
The AVAX sell-off was only part of the CoinDesk Large Cap Select Index and Grayscale Digital Large Cap Fund. In its CoinDesk Smart Contract Platform Select Ex ETH Index and Grayscale Smart Contract Platform Ex-Ethereum Fund portfolio rebalancing, the company sold off Algorand native token ALGO.
In its CoinDesk DeFi Select Index methodology, Grayscale adjusted its DeFi Fund’s portfolio and purchased Synthetix (SNX) after selling some existing assets.
As of now, the Grayscale portfolio fund now includes 65% Bitcoin (BTC), 30% Ethereum (ETH), 1.86% Cardano (ADA), 1.39% Polygon (MATIC), and 1% Solana (SOL). Meanwhile, its DeFi Fund’s Fund Components include 65.05% Uniswap (UNI), 12.39% Aave (AAVE), 8.15% MakerDAO (MKR), 6.02% Synthetix (SNX), 4.58% Curve DAO Token (CRV), and 3.81% Compound (COMP).
Since July, Grayscale has been carefully monitoring the CoinDesk Large Cap Select Index. The index launched in Apr...
|Avalanche: Will 2023 Bring A Fruitful Recovery For The AVAX Ecosystem?&n...
The 2022 crypto bear market left a deep mark on the Avalanche ecosystem. AVAX, the native token of Avalanche, dropped by a whopping 89.5%, leaving many investors scratching their heads.
However, the token has seen some rebound. According to CoinMarketCap, AVAX is up 3.78% in the past 24 hours and trading at $11.53. This pump in price is due to certain bullish factors that will play a role in Avalanche’s 2023 recovery.
Developments On-chain Increasing
Although the past year has been very bearish in terms of the crypto market’s pricing, developments on-chain are going strong. On December 30, Avalanche pushed its Incentives Program to promote dApp development on the Avalanche ecosystem.
December also saw the integration of Coinbase’s USDC which will certainly bring more people into Avalanche and the crypto economy as a whole.
Avaxholic, a popular Twitter account dedicated to updates about the ecosystem, recently tweeted about the current state of developments on-chain. Re, a blockchain enabled reinsurer, launched on Avalanche.
Re aims at tokenizing the reinsurance market, making blockchain technology accessible to institutions that dabble in the reinsurance market. This puts Avalanche on the forefront of this connection with traditional finance. As of writing, the reinsurance market is projected to reach $1.3 trillion by 2031.
Partnerships with HoldStation, a SocialFi wallet provider, and Odos Protocol, who launched a DEX aggre...
|Avalanche Exits 2022 With 10% Decline – Will AVAX Recoup That Loss...
Avalanche recorded a number of significant developments, which was encouraging for AVAX since it enhanced the network's value. Before 2022 came to a close, the network revealed that it had partnered with Dua.com, a SocialFi that had picked Avalanche to develop its 'Fi.'
The Avalanche ecosystem also grew in the run-up to 2023, as its total number of trade counts and amount of NFT trades in US dollars increased. AVAX engineers also announced the release of Banff 5, the final version of its AvalancheGo software, on December 22.
According to Avalanche, it debuted Avalanche Warp Messaging (AWM) with Banff 5, allowing its network-based blockchains to communicate with one another.
SocialFi https://t.co/EQ2K6P3vZv Chooses Avalanche To Build Its “Fi”
SocialFi is a trend that has emerged recently when prominent projects appear. @duadotcom is a name that cannot be ignored & recently, its homepage officially announced its cooperation with #Avalanche.
— Avaxholic (@avaxholic) December 30, 2022
Avalanche: Meeting Investors' Expectations
Although several AVAX statistics appeared promising, market indicators warned that the company's performance may not meet investors' expectations.
AVAX was trading at $10.69 with a market value of nearly $3.3 billion at the time of writing, according to CoinMarketCap data. AVAX's price has declined by more than 10% in the past seven days.
Moreover, the AVAX Money Flow Index had a decline, which was bearis...
|AVAX Eyes The Next Resistance, Is It Time To Go Long?
The Avalanche (AVAX) price has been undetermined for quite a number of weeks now. The altcoin is now logging gains on the daily chart as it rose over 3% in that time frame. The coin shows signs of optimism ever since it moved up from the $12.90 support mark.
The technical outlook for AVAX displayed signs of demand and buy signals for traders. If demand continues to rise and buying sentiment increases over the immediate trading sessions, the chance of AVAX piercing through other resistance levels will strengthen further.
As the coin continues to secure higher highs and higher lows, the bulls still remain in charge of the asset. However, if AVAX starts to consolidate below the $13 price level, then the altcoin can register depreciation.
Progressive price momentum demands AVAX breach the $14.30 resistance mark. Once AVAX successfully manages to challenge that level, the bulls will stick around for longer. The market capitalisation of the altcoin already registered an upsurge which is tied to an increase in accumulation.
Avalanche Price Analysis: One-Day Chart
The immediate overhead price ceiling that Avalanche price needs to breach stood at $13.90. This move would ensure another rally to $14.60. Once the coin moves past that level, accumulation will increase considerably.
Traders had ample entry points in the market; for instance when AVAX dipped to $12. Over the upcoming trading sessions, investors can manage to see returns on the chart.
On the other hand, if due to lack of d...
|Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US I...
Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October's reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%.Avalanche (AVAX)
Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November's consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today's rise saw avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Litecoin (LTC) also rose in today's session, with the token rebounding from its losses to start the week.
Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today.
This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.
Looking at the chart, today's bullish momentum comes as the RSI bounced from a floor of 55.50,...
|Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week...
Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.Unus Sed Leo (LEO)
Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses.
Following a low of $3.78 to start the week, LEO/USD rallied to an intraday peak of $3.94 earlier in the day.
This comes after bears were unable to force a breakout from a key price floor of $3.75 on Monday.
As can be seen from the chart, the rebound in price coincided with the 14-day relative strength index (RSI) also bouncing from a support of its own.
The index rose from its floor at the 43.50 mark on Monday, and as of writing, is currently tracking at 49.12.
This is the highest point that price strength has hit in over one week, pushing it closer to a ceiling of 50.00 in the process.
Avalanche (AVAX), on the other hand, was one of many cryptocurrencies to move lower during Tuesday’s session.
AVAX/USD dropped to a bottom of $13.48 earlier in the day, which comes less than 24 hours after hitting a peak of $14.31.
Monday’s high was the strongest point that avalanche had traded at since November 10, when price was above $15.00.
Today’s shift in sentiment comes despite the 10-day (red) moving avera...
|AVAX Rumbles 15% In Last 7 Days – But A Trend Reversal Might Occur...
Avalanche, earlier today, was boasting a seven-day increase of 15% in AVAX price, being among those few crypto assets that tallied double-digit gains in that particular department.
The cryptocurrency, however, seemed to have entered a price correction phase, losing 5.1% of its value over the last 24 hours.
AVAX lost some of its weekly gains which is now at 8.5%
Various technical indicators suggest the crypto asset is in an overbought position
A decline all the way to the $12 territory remains a big possibility within the next few days
At the time of this writing, according to data from Coingecko, the altcoin is trading at $13.53. Although it experienced a decline, it is still sitting on weekly uptick of 8.5%. Moreover, during the past two weeks, the altcoin has managed to go up by 14.1%.
Although Avalanche performed relatively well last week, traders and investors might have to brace themselves as some of its technical indicators point at a potential bearish momentum during the next few days.
Metrics Show Possible Roadblocks For AVAX
At the moment, it would appear that bears are currently in control with the digital asset’s price trajectory, evidenced by its 20-day Exponential Moving Average (EMA) was settling just below the 55-day EMA.
Moreover, although the Moving Average Convergence Divergence (MACD) is displaying a bullish crossover right now, AVAX’s Money Flow Index (MFI) was driven into the overbought territory, indicating that there is a high chan...
|Zeeve Adds Support for Avalanche Subnets and Upgrades Its Web3 Infrastru...
[PRESS RELEASE - Santa Monica, United States, 29th November 2022]
Zeeve, the leading web3 infrastructure automation platform, has added support for Avalanche Subnets, an app-specific custom blockchain solution that lets anyone create their own L1 chain optimized for their needs.
Zeeve aims to make the web3 development experience simpler and more efficient for users. Adding Avalanche subnets to its existing infrastructure stack supports this ongoing mission. An enterprise-grade deployment of Avalanche nodes will assist around-the-clock interoperability and also prove exceptionally scalable for enterprises.
Zeeve CEO Dr. Ravi Chamria said: “Application-specific chains or AppChains are gathering pace. But setting one up takes a lot of technical expertise and ongoing maintenance hassles. Zeeve’s web3 infrastructure automation framework makes subnet deployment and management seamless, secure, reliable, and scalable.”
Avalanche subnets offer unique advantages for developers looking for flexibility, scalability, and security in their projects. One key benefit is the ability for subnets to have independent tokenomics, with their own native tokens and fee markets. This creates opportunities for diverse use cases and customizable ecosystems.
Subnets also allow developers to easily adjust parameters and network structures as needed through pre-compiles. Subnets are VM agnostic, meaning enterprises can design virtual machines specific to their requirements.
Zeeve helps ...
|Avalanche TVL Hits 271 Million AVAX, Following Weeks Of Setbacks
Some cryptocurrencies, including Avalanche (AVAX), saw modest gains even as the overall market suffered from a prolonged downturn.
To date, AVAX TVL has gone up from 120.11 million to 123.7 million, an increase of approximately 3% as of press time. AVAX Daily, a Twitter account that monitors the Avalanche protocol, also posted this.
An increase of 270,611,568 AVAX was reported in the latest update for TVL. The same was also supported by a chart created by DeFiLlama (chart below).
It's good that AVAX is making progress, but is it safe from external market factors that could set it back even further?
Good News And Not So Good News
Since Binance's funding rates increased, the AVAX futures market has been seeing a positive trend. The relative strength index (RSI) and the stochastic relative strength index (Stoch RSI) values that CryptoQuant has been using indicate that AVAX is currently oversold.
Investors and traders want to see these kinds of signs since they're positive. However, there is always a dark side to every day, and no matter how bright the day may have begun, it will inevitably end in darkness.
The Relative Strength Index (RSI) and the Stochastic Relative Strength Index (Stoch RSI) may be misleading investors and traders into buying AVAX too soon in hopes of a quick profit.
The Bollinger band is currently exhibiting significant volatility. The current position of AVAX's price on the lower half of the BB indicator may portend future price declines.
At -0.17, Chaikin...
|Avalanche Looks To Capitalize On GameFi Segment – Will This Give A...
Avalanche (AVAX) peaked at $20.31 on November 6 as it gave its best to recover from the bearish trend that engulfed the broader crypto market towards the tail-end of October and the opening days the current month.
However, on November 12, the cryptocurrency experienced a severe price correction that pulled it all the way down to $12.51. The following day, the altcoin made an immediate bounce-back as it reclaimed the $15 marker.
After that, Avalanche was once again on a downward trend that made it struggle to even just climb at $14. At the time of this writing, according to tracking from Coingecko, the 20th ranked digital currency in terms of market capitalization is changing hands at $13.50.
Over the last seven days, the asset has declined by more than 15% while during the past 30 days, its value dropped by 14.4%.
As it turns out, even an impressive growth in GameFi segment of the blockchain space is not enough to stop the bleeding for AVAX.
As Crypto Market Suffers, Avalanche Notches Growth Elsewhere
According to data shared on Twitter by Avalanche Talk, 10 GameFi projects running on the AVAX blockchain tallied significant increases in volume over the past week.
Province was the top gainer, posting an impressive 1,481.77% increase in volume in just a matter of seven days. Owloper (290.98%) was at second. Rounding up the top five were Dragon Crypto (279.76%), Hoppers Game (118.39%) and Step App (91.87%).
Meanwhile, RaceX (68.42%), Crabada (44.02%), XANA Metaverse (43.3...
|Rising Exchange FixedFloat Adds New Coins: Avalanche (AVAX), Solana (SOL...
[PRESS RELEASE - Please Read Disclaimer]
The promising crypto exchange FixedFloat announces that it has now added new coins: AVAX, SOL. Read more.
The up-and-coming digital asset exchange FixedFloat has announced that it has added new coins such as Avalanche (AVAX) and Solana (SOL) to its repertoire. The FixedFloat team declares that the platform has added the new coins as it broadens its operations.
Committed to providing flexible solutions tailored to users’ wants and needs, FixedFloat boasts fast processing, robust designs, and dedicated customer support teams. “You choose whether fixed or floating exchange rates fit your strategy,” state representatives of the FixedFloat team, “Pick the right strategy and make favorable trades. No sign-ups, no hassle.”
The exchange offers optional registration and “No Know Your Customer (KYC)” feature to provide users with a trouble-less cryptocurrency trading experience. Not requiring KYCs has boosted FixedFloat’s position among newcomers in the crypto industry. Additionally, this feature has helped the exchange stand out from the crowd and rise above competitors.
Besides, the exchange also possesses the lowest and best rates in the crypto market at $1, regardless if the exchange rate is fixed or float. Besides this, the platform is also not custodial. This means that the exchange does not store user coins; it is an added feature to enhance security as there are no intermediaries. Addition...
|Avalanche Price Can Gain Further Momentum If The Bulls Barrel Past $19
Avalanche price has shown bullish strength over the last 24 hours. It has been one of the few altcoins that have remained positive despite most altcoins losing value over the past day.
In the past day alone, the altcoin has appreciated by close to 4%. In the last week, AVAX rallied over 16%.
It is important that Avalanche continues to race upward for positive price action to remain in the market. The technical outlook for the coin showed that bulls were in complete control of the asset.
Demand for the coin jumped north and buying strength kept registering northbound movement on the chart. The chance of a price pullback cannot be ruled out just yet.
It is crucial for AVAX to move past the $19 price mark. Going past this price mark will help Avalanche price remain bullish.
Tough resistance for Avalanche was at $19.60, and moving past that would make it easy for the coin to touch the $20 price level.
The global cryptocurrency market cap today is $1.06 trillion, with a 0.0% change in the last 24 hours.
Avalanche Price Analysis: One-Day Chart
Avalanche was priced at $18.90 on the one-day chart | Source: AVAXUSD on TradingView
AVAX was trading at $18.90 at the time of writing. The bulls are trying hard to move past the immediate resistance mark for the coin.
By doing so, Avalanche will be under a bullish influence over the next trading sessions. Overhead resistance for the coin stood at $19.07 and then at $19.60.
Crossing these two hurdles will take AVAX to the $20 price mark....
|Avalanche Price Remains Positive But Could Experience Bearish Pull At Th...
Avalanche price has depicted positive movement over the last 24 hours. Over the past 24 hours, the coin has appreciated by 3%.
In the last week, AVAX shot up in double digits, which helped the coin break its sideways trading.
The bulls now have control of the coin, but the altcoin is expected to break past a few trading levels to ensure that the bullish momentum continues on the chart.
The technical outlook was also on the side of the bulls because Avalanche had gained buyers ever since it started to move up on its chart.
The demand for the altcoin has also helped AVAX to slowly climb above its resistance mark, which now acts as a support for the coin.
The coin's strong support was at $15 at the time, but once it broke through, there could be some resistance between the $18 and $19 price range.
If demand for AVAX remains constant, it might manage to topple those levels, which could help the altcoin to break free from lateral trading.
The global cryptocurrency market cap today was at $1.03 trillion, with a 0.8% negative change in the last 24 hours.
Avalanche Price Analysis: One-Day Chart
Avalanche was priced at $17.76 on the one-day chart | Source: AVAXUSD on TradingView
AVAX was trading at $17.76 at the time of writing. The altcoin has experienced significant resistance at the $17 mark, but the bulls have now managed to stay above that price level.
To continue the bullish thesis, Avalanche has to move past the $18 price mark, which acts as the immediate resistance for th...
|Avalanche Bulls Handle The Wheels As Avax Could Break $18.5 Resistance
AVAX's price shows strength as it bounces from a downtrend range price rallied to a high of $18 with eyes set on $20.
AVAX could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $20.
AVAX's price remains strong on the daily timeframe as the price attempts to break above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Avalanche (AVAX) has had a difficult year as the price has remained in a downward trend, but the price of AVAX may be about to change as it broke out of its daily descending triangle with good volume. The crypto market has looked more promising recently, with Bitcoin (BTC) and Ethereum (ETH) showing impressive price movement. AVAX's price has risen from $15 to $18 as it attempts to grab the market by its horns. (Data from Binance)
Avalanche (AVAX) Price Analysis On The Weekly Chart
Avalanche (AVAX) has struggled to regain its bullish momentum in recent times as the price has had a more quiet time, ranging in a weekly low of $15; despite the uncertainty that has befallen the crypto space, the price of AVAX held its ground as price defended its key support area of $15.
Before it could continue to trend higher, AVAX's price needed to replicate the rally that took it to an all-time high of $150.
After trading in a range for weeks as the price appeared difficult to trade due to little to no volume to push the price higher as the price appeared...
|Biggest Movers: AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum
Avalanche rallied to a four-week high on Friday, as prices moved close to a key resistance level. The token hit a ceiling of $17.70 earlier in today’s session, which comes following several days of gains. Dogecoin also maintained recent sentiment, as prices climbed for a fourth straight day. Avalanche (AVAX)
Avalanche (AVAX) rose to a one-month high on Friday, closing in on a key resistance level in the process.
Following a low of $16.83 on Thursday, AVAX/USD made a move to a peak of $17.70 earlier in today’s session.
This surge in price sees AVAX hit its highest point since September 27, when the token was trading at a high of $18.47.
Looking at the chart, prices have marginally decreased from the earlier peak, and as of writing the asset is trading at $17.67.
The uncertainty in price action comes despite the fact that the 14-day relative strength index (RSI) moved past its ceiling of 60.00.
The index is currently tracking at 60.76, which is its strongest point since August 14.
For a fourth consecutive day dogecoin (DOGE) has climbed higher, with the token now approaching a fresh multi-month high
Today’s move, which saw DOGE/USD hit a peak of $0.0854, has pushed the meme coin into the cryptocurrency top ten.
As a result of Friday’s 10% gain, prices are now at their strongest point since August 17, with the RSI also higher.
Looking at the chart, the index is now tracking at 84.58, which is its highest point in over a year.
|Avalanche Fires Back to $17; Can The Bulls Push More To $20 Instead?
AVAX's price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance. AVAX's price remains strong below the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area. The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as Avalanche (AVAX), which has rallied from its downtrend movement to a high of $17 as price attempts to break through key resistance. (Data from Binance)
Avalanche (AVAX) Price Analysis On The Weekly Chart
Weekly AVAX Price Chart | Source: AVAXUSDT On Tradingview.com
Although many altcoins have struggled to trend in a range market, the price of AVAX has seen more of a downtrend move as the price of AVAX dropped from a high of $150 to $15, seeing more than an 80% decline in its price.
AVAX's price recently declined from an all-time high of more than $150 to a region of $75 before rallying to a high of $100; the price of AVAX faced further rejection to its price to a range low of $60.
The price of AVAX bounced immediately, forming pin bar candlesticks as the price rallied to $96 with what seemed to be a relief for more rally...
|Avalanche (AVAX) May Be Down, But It's Not Out, Here's Why
Avalanche (AVAX) has been hit pretty hard since the bear market started. The digital asset which reached an all-time high of $146 back in November of 2021 is not trading just below $15. This has led to a decline in confidence in the digital asset. However, protocols such as Avalanche have shown over time that they can sometimes be underestimated and the latest announcement from the project proves this.
Avalanche Keeps Building
Normally, during the bull market when there is decreased participation in the space, a lot of protocols tend to not build as much as they usually would. However, Avalanche has continued to develop products and has announced the launch of Core Web.
One major barrier to entry for users who are new to the decentralized finance (DeFi) space is how hard it is to navigate the space. Getting things done and trading in DeFi can often be a convoluted process, which is why Avalanche has launched Core Web to address this.
It is a new suite of products that would allow DeFi users to be able to manage all of their tokens in one place, as well as their NFTs. Core Web would make it possible for users to carry out multiple actions without having to switch between multiple sites and apps.
AVAX trading at $14.8 | Source: AVAXUSD on TradingView.com
Users will be able to access hundreds of decentralized applications (DApps) on the Avalanche network, as well as being able to access the subnets. Additionally, it doesn’t just work for Avalanche but also with the...