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AVAX Price   

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AVAX

Avalanche  

#AVAX

AVAX Price:
$17.54
Volume:
$0.1 B
All Time High:
$146
Market Cap:
$5.2 B


Circulating Supply:
295,930,351
Exchanges:
64
Total Supply:
377,752,194
Markets:
301
Max Supply:
720,000,000
Pairs:
180



  AVAX PRICE


The price of #AVAX today is $17.54 USD.

The lowest AVAX price for this period was $0, the highest was $17.54, and the current live price for one AVAX coin is $17.54269.

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 ETH or other crypto coins.


  AVAX OVERVIEW


The code for Avalanche is #AVAX.

Avalanche is 2 years old.


  AVAX MARKET CAP


The current market capitalization for Avalanche is $5,191,415,515.

Avalanche is ranked #16 out of all coins, by market cap (and other factors).


  AVAX VOLUME


There is a very large daily trading volume on #AVAX.

Today's 24-hour trading volume across all exchanges for Avalanche is $142,696,055.


  AVAX SUPPLY


The circulating supply of AVAX is 295,930,351 coins, which is 41% of the maximum coin supply.


  AVAX BLOCKCHAIN


AVAX is the native coin for the Avalanche blockchain.

View the full list of Avalanche blockchain tokens, and has digital contracts with 7 other blockchains.

See list of the AVAX Blockchain contracts with 8 different blockchains.


  AVAX EXCHANGES


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.


  AVAX RESOURCES


Websitewww.avax.network
Whitepaperdocs.avax.network
Twitteravalancheavax
Redditr/Avax
Telegramavalancheavax
DiscordRwXY7P6
Mediumavalancheavax


  AVAX DEVELOPER NEWS



Avalanche Creates is Coming to Berkeley, California

A six day, in-person event with talks from Avalanche community leaders and mentorship from industry experts–culminating in a pitch day with top tier investors. Avalanche Creates is an event series prioritizing intimate, meaningful moments for developers, researchers, and creators building Web3 to connect and learn from industry experts. Compete in the Avalanche Creates Pitch Day, judged by leading VCs and industry professionals. Apply your learnings, and create the next revolutionary idea in Web3. Each day, expect to be immersed in presentations, office hours to get 1:1 feedback from industry experts, and networking with top Avalanche leaders from Ava Labs and the wider Avalanche ecosystem. If you’ve been working on a project or want to try your hand at a new idea, Avalanche Creates will help your project get to the next level! Apply Today — What to Expect - ✅ Get inspired by fellow builders in the Avalanche ecosystem, and build the next biggest Web3 project!​ ✅ Perfect your skills with a highly-curated, interactive curriculum focused on technical and non-technical programming. ​✅ Pitch to leading investors who will provide you valuable feedback and exposure to ensure your project succeeds. ✅ Experience a week filled with fun activities, building, & networking. Be immersed in the Avalanche culture.​ ✅ Enjoy lightning fast WiFi, workstations, food and drinks, and merch to help you do your best work in style. ✅ Get support for your project by some of the top projects building on Avalanche as well as directly from the Ava Labs team. — High-Level Agenda - Sunday, October 23rd: Welcome to Avalanche Creates! ​12:00pm — Doors Open, 3:00pm — Opening Reception, Monday, October 24th: Technical Content (Day 1) 9:00am — Doors Open, 10:00am-12:45pm — Developer Learning Sessions, 12:45pm-2:00pm — Lunch, 2:00pm-6:00pm — Building Hours & Networking, 6:00pm-8:00pm — Happy Hour, 8:00pm — Doors Close, Tuesday, October 25th: Technical Content (Day 2) 9:00am — Doors Open, 10:00am-12:45pm — Developer Learning Sessions, 12:45pm-2:00pm — Lunch, 2:00pm-6:00pm — Building Hours & Networking, 6:00pm-8:00pm — Happy Hour, 8:00pm — Doors Close, Wednesday, October 26th: Business Content (Day 1) 9:00am — Doors Open, 10:00am-12:45pm — Business Learning Sessions, 12:45pm-2:00pm — Lunch, 2:00pm-6:00pm — Building Hours & Networking, 6:00pm-8:00pm — Happy Hour, 8:00pm — Doors Close, Thursday, October 27th: Business Content (Day 2) 9:00am — Doors Open, 10:00am-12:45pm — Business Learning Sessions, 12:45pm-2:00pm — Lunch, 2:00pm-6:00pm — Building Hours & Networking, 6:00pm-8:00pm — Happy Hour, 8:00pm — Doors Close, Friday, October 28th: Pitch Day 9:00am — Doors Open, 10:00am-12:45pm Latest on Avalanche Sessions, 12:45pm-2:00pm — Lunch, 2:00pm-3:00pm — Building Hours & Networking, 3:00pm-4:30pm — Finalists Pitch to Investors, 4:30pm-7:00pm — Closing Reception, — Not in the Berkeley Area During Avalanche Creates? - No problem! The programming sessions from each day will be livestreamed and recorded. — How to Attend: - Determine if you’ll be registering just for yourself or as a team., Navigate to the Avalanche Creates website., Click the Apply to Attend button., Wait to receive your approval or rejection notice., Once Approved, you/your team will be guaranteed entry., See you on Sunday, October 23rd, 2022!, — FAQ - When is Avalanche Creates? The event will be held from Saturday, October 23 through Friday, October 28, 2022. Who should attend Avalanche Createse? This event is open to all–experienced blockchain developers to designers, product, and marketing focused individuals. Do I have to register for all six days of Avalanche Creates? No, you can register for as many or as few days as you would like to attend. Does applying guarantee entry? No, each application is evaluated on a case-by-case basis. You will be notified if you are accepted or not. Will Avalanche Creates be livestreamed/recorded? Yes, all programming will be livestreamed and recorded for viewing after the event on the Avalanche YouTube channel. medium.com — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Avalanche Creates is Coming to Berkeley, California was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Re Is Building a Global Decentralized Insurance Marketplace on Avalanche

The integration will tokenize reinsurance, making it more widely available beyond its historical class of institutional participants. Re, a blockchain-powered reinsurer that has just left stealth mode after securing funding, is building a decentralized reinsurance marketplace on Avalanche. This marketplace will be global. It will aim to increase transparency through proof of reserves and transactions for all stakeholders into the traditionally opaque field of reinsurance, as well as expand reinsurance participant opportunities. Re is a platform allowing accredited investors to provide the backing for real-world insurance policies and companies. It plans to build its decentralized reinsurance marketplace on both Avalanche’s C-Chain and a Subnet. Re will build on Avalanche’s Primary Network and a Subnet. The main dapp will live on the Primary Network, and private information will be warehoused on a Subnet. This approach intends to create greater transparency and flexibility, and to take advantage of the speed, customizability, security, and other leading features of Avalanche. In essence, reinsurance is insurance for insurers. It is purchased by insurance companies as a way to distribute and mitigate risk. Re’s forthcoming marketplace will challenge the status quo, opening reinsurance investment to accredited investors. Using Securitize ID, these investors will provide liquidity through Re’s platform, creating a pool of capital to be used as reinsurance pools by insurance companies and managing general agents that sell a wide array of insurance policies.“Avalanche’s investment into Subnets provides the foundation to bridging traditional finance to blockchain,” said Karn Saroya, CEO of Re. “Through the use of Subnets we’re able to do many new things, including separate public and private information. This gives Re the opportunity to fully utilize blockchain while respecting the privacy concerns of all parties involved.” This post is based on materials provided by Re. For more information, visit Re’s website. Also, please read this important notice. medium.com — About RE - Re is a fully-collateralized reinsurer subject to regulatory oversight and approval that connects alternative capital providers to a nearly $1T reinsurance market, providing investor access to an otherwise opaque asset class. The Re protocol is a web3 application that drives a level of transparency around capital position and performance that is unrivaled by traditional reinsurers to the benefit of partners, investors and regulators. — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Re Is Building a Global Decentralized Insurance Marketplace on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Artist Spotlight: Tap Tap Kaboom’s Vast NFT Doodleverse

The Avalanche NFT artist’s dreamlike pieces spring from a lush, imaginary world Rich Armstrong doodles. He doodles giant jellyfish. He doodles singing trees and talking rainbows. He doodles robotic birds with scissor beaks, clusters of floating eyes, and cartoon skulls and bones drifting through starry space. As a 34-year-old artist working from his Amsterdam studio, he doodles on an iPad using Procreate and Adobe Fresco, his favorite graphics editing apps. He doodles just like he once did from his childhood room in South Africa, dreaming of castles. He doodles to “imagine, explore, dream, wonder, and be a kid again.” These days, Rich doodles for his Doodleverse, a pillar of Avalanche’s NFT scene. Rich’s fans know the Doodleverse as two things: a single NFT collection of that name, and a family of doodle-driven NFT collections existing in his wavy, vivid, colorful world called the Doodleverse. Both are built on Avalanche. Birdhouse, an illustration from Rich’s OG Doodleverse collection“Doodleverse is a dreamlike universe with multiple realms, much like the metaverse,” said Rich, who creates Avalanche NFTs under the moniker TapTapKaboom. “Just like in dreams, there are no rules in the Doodleverse. Anything can happen.” What has happened so far? Six overlapping NFT collections, five released. Doodleverse, Happy Sun, Realms of Weird, Leopard Queens, For Love, Limina (details to come), After trying three other blockchains, Rich started minting NFTs on Avalanche. When he made the switch, he was in the middle of a “100 days” project in which he created a new NFT each day for 100 days. Rich wanted to try a new chain to keep the journey interesting. A friend suggested Avalanche. Rekindle, a piece from Rich’s For Love collection He was quickly converted. Rich creates on Avalanche for the speed, low fees, and easy experience, but mostly his connection with the tight-knit Avalanche NFT community. “The community has been amazing,” he said. “The love, encouragement, and support has been wild.” In the physical world, Rich and his wife, who helps him with his brand and business, work together in that Amsterdam studio. As you might expect if you’ve visited the Netherlands, they travel to the studio on bikes (they have “5 or 6” for good measure). The studio has a camera rig so Rich can film classes and streams, two big tables, and a few computers. After firing up a playlist, Rich loses himself on his iPad, where 95% of his doodling and dreams unfold. Post-production on Photoshop consumes the remaining 5%. Rich Armstrong AKA Tap Tap Kaboom, an Avalanche NFT artist“I’ve always doodled,” Rich said. “At school. At home. At work. In meetings. In some ways, it’s the OG of all my work. But in other ways, it’s a new fertile ground from which I’m creating more and more.” Rich consumes art with a voracious appetite, yet doesn’t look to any overarching artist or set of artists for inspiration. Asked to cite an influence, he chooses J.R.R. Tolkien, a creator of endless intrigue, curiosity, and technique in his craft. Indeed, the Doodleverse is populated with soaring castles, magical-looking creatures, and bendy eye-speckled trees. As in dreams, these elements (and many more) recur through the Doodleverse family of projects. A grid of Happy Suns, a collection within the Doodleverse“I think the Doodleverse appeals to viewers because it takes them back to childhood,” he said. “Back to castles, creatures, magic, and imaginary worlds. Back to when they maybe drew things like this. Back to when their imaginations ran wild, when anything was possible.” For Rich, the Doodleverse and its properties have almost become a filter that he can pass certain ideas through, giving them its signature shapes, colors, and themes. He plans to release more Doodleverse collections. He is excited to doodle them, to keep exploring the far reaches of his imagination through doodling, to create new work, and to share it with the growing Avalanche NFT community. To follow Rich, check out his Twitter, Twitch, Youtube, Instagram, and Behance. Have half a minute to spare? Watch a timelapse of his pen-on-paper doodling. Are you also creating on Avalanche? We’d love to learn more about your story and perhaps tell it here next. Please fill out our typeform so we can get to know you. medium.com — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Artist Spotlight: Tap Tap Kaboom’s Vast NFT Doodleverse was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Boba Launches the First L2 on Avalanche

The integration gives Avalanche dApps another means to low fees, speed, and scaling. Boba, the layer-2 scaling solution with Hybrid Compute capabilities allowing smart contracts to call Web2 APIs, has expanded support to Avalanche. Boba is Avalanche’s first L2. The integration gives Avalanche developers yet another powerful option in their scaling toolkit. Boba launched in September 2021. Its L2 scaling and augmenting platform uses optimistic rollups to unlock greater throughput, lower fees, and scaling. On Avalanche, Boba will be available for dApps built on C-Chain.“We’re excited to become the first L2 to launch on Avalanche, bringing the power of Hybrid Compute to Avalanche developers” said Alan Chiu, Founder of Enya, the core contributor to Boba Network. “Avalanche now has another resource to drive greater user experiences and dApp performance, while Boba is now synonymous with Layer-1 scaling that’s available when and where it’s needed.” The blockchain game EvoVerses will serve as Boba’s launch partner on Avalanche, harnessing the L2 to power a play-to-earn, turn-based strategy game built with Unreal Engine 5. The game features mythical creatures called Evos that evolve through the gameplay. EvoVerses lets players build houses and lands in-game. It will also have DeFi elements. Like EvoVerse’s developers, Avalanche’s developers can use Boba’s Hybrid Compute to make Web2 API calls, providing a new means of bringing Web2 data on-chain. Avalanche dApps can also use Boba’s native NFT bridge, enabling transfer of NFTs between L1 and L2.“By deploying to additional chains, Boba breaks fresh ground and brings Avalanche its very first L2,” said Luigi D’Onorio DeMeo, Head of DeFi at Ava Labs. “Equipping our talented developers with yet another way to make dApps cheap, fast, and scalable will only benefit users. We’re excited to see how this integration evolves and where the story of Avalanche L2s leads.” This post is based on materials provided by Boba. For more information, visit Boba’s website. Also, please read this important notice. medium.com — About Boba Network - Boba Network is a blockchain Layer-2 scaling solution and Hybrid Compute platform offering lightning fast transactions and fees up to 60x less than Ethereum. Boba’s Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts that allow developers and creators to leverage off-chain compute and real-world data to offer an enriched experience unlike anything else on the market today. Boba is delivering a faster, cheaper, smarter experience for blockchain’s next billion users. Website | Telegram | Twitter | Discord | Medium — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Boba Launches the First L2 on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Transfero Brings Digital Brazilian Real to Avalanche

The launch opens a new door between Avalanche dApps and Brazil’s 215 million people In May 2022, the most popular Brazilian stablecoin landed on Avalanche. Transfero, an international fintech company with a blockchain focus, has brought a new stablecoin to the Avalanche ecosystem. The stablecoin, $BRZ, is pegged to the Brazilian Real, the official currency of Brazil. With the stablecoin’s launch, the 215 million people of Brazil now have easier access to Avalanche and Web3. The integration comes as Brazilians are embracing DeFi. The most recent Chainalysis DeFi Global Adoption Index lists Brazil’s DeFi adoption in the top 20 of all countries, and in the top two of Latin American countries.“The BRZ team is extremely excited to expand to the Avalanche ecosystem, having pools on Pangolin and Trader Joe to start,” said Thiago César, CEO of Transfero. “Brazilians can now participate in these leading DeFi protocols using their native currency and benefit from the high speeds, security, and reliability of Avalanche.” Transfero mints and manages $BRZ, which is among the largest non-dollar stablecoins in crypto. Having found that non-dollar stablecoins have access, financial hedging, and other advantages, Transfero is minting local stablecoins in new jurisdictions. Transfero’s objective: a more decentralized financial system. The platform’s leadership calls Avalanche “a prime blockchain for DeFi operations” due to high TPS, Subnets, and the potential demand for a Brazilian stablecoin on-chain as a result of Avalanche having a vibrant DeFi ecosystem. With this new integration, Brazilian users now have an easier on-ramp into Avalanche DeFi. Additionally, exchanges and dApps built on Avalanche have a more direct entry to the Brazilian market. For more about the specific workings of $BRZ, visit the stablecoin’s website. This post is based on materials provided by Transfero. For more information, visit Transfero’s website. Also, please read this important notice. medium.com — About Transfero - Transfero is an international company of financial solutions based on blockchain technology. Based in the Crypto Valley, Switzerland, its objective is to promote access to the crypto asset universe, enabling a safe transition to a more decentralized financial system through solutions such as Transfero Payments, a fiat gateway that integrates with all Brazilian banks, providing a reliable connection for global platforms interested in the Latin American market. — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Transfero Brings Digital Brazilian Real to Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Securitize Launches Tokenized Exposure to KKR Fund on Avalanche

New Fund Unlocks Broader Access to Alternative Investment Through Digital Ownership on Avalanche Securitize, a leading digital asset securities firm, today announced the launch of a fund tokenizing an interest in KKR’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche public blockchain. This is a major step toward making institutional private market strategies more accessible to individual investors. The new Securitize tokenized fund (the “Fund”) marks the first time exposure to one of KKR’s alternative investment strategies has been offered in a digital format in the U.S. The Fund is managed by Securitize’s digital asset management arm, Securitize Capital, and provides exposure to KKR’s health care growth equity investing strategy. Historically, investments in private market funds have been primarily available to large institutional investors and ultra-high-net-worth individuals. Unlocking broader access to private market investing has been a long-standing challenge for the industry. Tokenization helps solve this by enabling technology to deliver lower investment minimums, improved digital investor onboarding and compliance protocols, and increased potential for liquidity through a regulated alternative trading system.“Tokenization has the potential to address many of the biggest challenges for individual investors seeking to participate in private market investing by enabling technological and product innovations that were not possible before,” said Securitize CEO Carlos Domingo. “This new fund is an important step toward democratizing access to private equity investments by delivering more efficient access to institutional quality products.” KKR’s adoption of blockchain is also a significant step in continuing to build a “blockchain bridge” from paper-based to digital financial products.“With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” said Dan Parant, Managing Director and Co-Head of U.S. Private Wealth at KKR. “We’re excited to be working with Securitize to be an early adopter of this technology and look forward to opening our investments up to a new audience of investors.” The Securitize tokenized fund is offered under SEC Reg D 506(c) and Securitize is tokenizing the Fund on the Avalanche public blockchain. KKR’s HCSG II Fund, to which the Fund provides exposure, invests in innovative health care companies in North America and Europe with proven products and services that are seeking a partner to commercialize and scale. Avalanche is an eco-friendly smart contract platform built for the scale of global finance. It features near-instant transaction finality, and a novel scaling technology that enables both institutions and individuals to build custom blockchains-as-a-service. Ava Labs is a team supporting the development of Avalanche, and projects building on the network.“Financial markets demand innovation, and over the last two years we’ve seen dramatic leaps forward in the evolution of real world assets moving on-chain and delivering on the promise of breakthrough technology for institutions,” said John Wu, President of Ava Labs. “This strategic partnership will surely spur more blockchain activity among leading investment firms who are now equipped with both the technology and knowledge they need to form an impactful strategy.”“Securitize is now a leading tokenization and distribution platform for investors and global asset managers,” said Wilfred Daye, Head of Securitize Capital. “The tokenized fund we have developed is a significant breakthrough in unlocking investor access to private equity investments.” As a leading digital asset securities firm, Securitize is a leader in firsts: it operates the first and only end-to-end platform leveraging blockchain to raise capital, onboard investors, issue tokenized assets, and provide secondary trading; it launched the first credit-rated tokenized fund in Japan; and is the first blockchain-based firm to be a top 10 stock transfer agent. medium.com — About Securitize and Securitize Capital - Securitize is a digital asset securities firm with a mission to provide shareholders access to invest in and trade alternative investments, and for companies to raise capital, manage shareholders, and offer shareholders potential liquidity. Securitize has pioneered a fully digital, all-in-one platform for issuing, managing and trading digital asset securities, consistent with the existing U.S. regulatory framework, with a community of over 1.2 million investors and 3,000 businesses connected. Securitize is comprised of Securitize, Inc. and its subsidiaries Securitize, LLC and Pacific Stock Transfer (both SEC-registered transfer agents), Securitize Capital, LLC, Securitize Markets, LLC (an SEC-registered broker-dealer, member of FINRA and SIPC, and operator of the company’s alternative trading system). Learn more at www.securitize.io. Securitize Capital is the first digital asset management platform that manages and tokenizes institutional-grade products, leveraging a blockchain-enabled capital market structure, tailoring innovative financial products that broaden investor access and exposure to alternative assets, cryptocurrencies, and emerging asset classes. Learn more at www.securitize.io/securitize-capital. — About KKR - KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co. — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Securitize Launches Tokenized Exposure to KKR Fund on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Avalanche (AVAX) Listed on FTX Japan

AVAX lands on another leading exchange serving the Japanese market FTX Japan is now offering trading for AVAX, the native token of the Avalanche blockchain (AVAX), increasing the presence of Avalanche in a key international market. The markets for AVAX on FTX Japan went live this week. Japanese customers can now trade AVAX/JPY and AVAX/USD pairs, as well as AVAX perpetual futures. AVAX is the native token of Avalanche. It’s a hard-capped, scarce asset used to pay for fees, secure the platform through staking, and provide a basic unit of account between the Subnets created on Avalanche. This post is based on materials provided by FTX Japan. For more information, visit FTX Japan’s website. Also, please read this important notice. medium.com — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Avalanche (AVAX) Listed on FTX Japan was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




OpenBlox to Migrate Growing NFT Gaming Platform to Avalanche, Launch Three New Titles

The integration gives Avalanche a unique game family with extensive NFT capabilities and forthcoming game-to-game crossover elements. OpenBlox, an EVM-based NFT gaming platform, will be bringing its existing and upcoming titles to Avalanche. Together, these games form an ecosystem called Bloxverse, a Web3 community united by a common developer team, token, and in-game elements that will span and connect multiple games. Currently, OpenBlox has launched one game, RunBlox, and has three more in production. Since Q2 launch, RunBlox has amassed 10,000 active daily users. The move-to-earn title powered by Avalanche tracks users’ walking, jogging, and running. Tokens are distributed based on activity. Users begin by selecting NFT shoes, which have hit points representing durability that deteriorates with use, just like physical running shoes. OpenBlox strives to make games that merge the digital and physical worlds, and that bring people together. In time, OpenBlox plans to launch a Subnet. Blizzard the Avalanche Fund has made a strategic investment in OpenBlox.“Having backers at Ava Labs that understand scalability and user experience in all market conditions is fundamental to our growth,” said OpenBlox’s Chief Communication Officer, Sunil Chauhan. “Blizzard’s support and shared vision for bringing health and fitness to the masses is pivotal to the growth of RunBlox and the OpenBlox ecosystem.” All three of OpenBlox’s forthcoming games will take advantage of the speed, low fees, and reliability that Avalanche offers. These games are: RogueBlox — a turn-based, deck-builder card game in which players send Blox creatures to battle against one another. (Target release: Q3 2022.), ActionBlox — an MMORPG with guilds, fighting, and mastering challenges., LandBlox — a farming-style game set in an open world, where you can plant seeds won in RogueBlox battles, sell fruit in a marketplace, or use fruit to recover your characters in ActionBlox and RogueBlox., “We are excited to welcome OpenBlox to the Avalanche ecosystem,” said Lydia Chiu, VP of Business Development at Ava Labs, on behalf of Blizzard. “The project’s games have some incredible crossover elements in development, and these will not only help to expand what has been done in blockchain games, but should make for some cool gameplay. I believe that supporting the OpenBlox universe will be a showcase of what Avalanche can do, and that OpenBlox will bring a crop of new gamers to the Avalanche network.” To keep up with OpenBlox as new game details become available, visit its website. You can download the RunBlox app, get your NFT shoe, and start moving today. This post is based on materials provided by OpenBlox. For more information, visit OpenBlox’s website. Also, please read this important notice. medium.com — About OpenBlox - RunBlox is a web3 app from OpenBlox; an EVM-based NFT Gaming Platform focusing on Play and Earn and IP Branding that leverages one set of Blox NFTs and tokens across all games in the OpenBlox universe. At its core, OpenBlox is based on 7,998 genesis blox NFTs, which can breed based on a gene mechanism and be used across the OpenBlox #Bloxverse, integrating games and web3 solutions. Links: Website: openblox.io, Follow OpenBlox on Twitter, Telegram and Discord, — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube OpenBlox to Migrate Growing NFT Gaming Platform to Avalanche, Launch Three New Titles was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




WPF Launches Tokenized Film Finance Offerings (FFO) Hosted by Republic, Tokens To Be Built and…

WPF Launches Tokenized Film Finance Offerings (FFO) Hosted by Republic, Tokens To Be Built and Distributed on Avalanche - The first tokenized FFO is now live, financing “I Am Not Satoshi,” a documentary exploring the disappearance of Bitcoin’s pseudonymous founder. Republic, a platform that makes private investment more accessible to all, has facilitated an offering that utilizes a new digital asset: a Film Finance Offering (FFO) built on Avalanche. The first tokenized FFO began accepting investment commitments yesterday, ushering in a new era of film financing. Filmmakers who launch FFOs may use the fundraising to finance films. Rather than targeting big studios, filmmakers can use FFOs to raise from everyday people, opening the door to new capital markets. This gives creators an avenue for making films that might not be financially possible otherwise. Additionally, filmmakers with big followings might want to use FFOs to involve fans in new ways. Participants in FFOs gain stake in the film and rights to a return under certain circumstances. A participant’s financial interest is marked by tokens, distributed after the initial fundraising. The tokenized FFO is now live, financing “I Am Not Satoshi,” a documentary exploring the disappearance of Bitcoin’s pseudonymous founder. The project is led by director Chris Cannucciari, who five years ago created “Banking on Bitcoin,” the landmark film to date about the emergence of Bitcoin and cryptocurrency. “Our goal is to respect Satoshi’s identity while telling the true story of Bitcoin’s genesis before its history becomes myth. We are not looking to unmask Nakamoto, but create a composite of why Satoshi was created and how he was able to succeed in cryptocurrency where so many others fell short,” says Cannucciari. “I Am Not Satoshi” will examine how a worldwide technology can work in the absence of a central figure. Asking the ultimate question, are humans willing to trust their finances in an automated leaderless system, or do they crave a central figure to forge the future of money for them? This FFO marks a beginning. We expect it will pave the way for future digital FFOs, and be the first digital asset in a broader family of newly tokenized assets supported on Avalanche.“Culture applications have boomed across blockchains, and we’re now seeing the beginnings of the film industry embracing the technology to reinvent funding and distribution models through Film Finance Offerings,” said John Nahas, VP of Business Development at Ava Labs. “What better homage could be paid to a film about Satoshi than sourcing support from a decentralized community, and secured by a blockchain?” To learn more about FFOs, please read Republic’s blog post. Stay tuned to hear more about FFOs and other new digital assets on Avalanche. For more information, visit Republic’s website. Also, please read this important notice. Investments of this kind are particularly risky and may result in total loss of invested capital. medium.com — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube WPF Launches Tokenized Film Finance Offerings (FFO) Hosted by Republic, Tokens To Be Built and… was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




Hubble Exchange Launches Native Perpetual Futures on Avalanche

The integration expands what perpetuals futures traders can do on an Avalanche-native protocol, aiming to unlock capital efficiency and collateral flexibility. Hubble Exchange has launched a native perpetual futures exchange on Avalanche. The exchange lets traders collateralize multiple tokens to trade perpetual futures contracts, giving traders the ability to maintain exposure to digital assets while using them as collateral to trade perpetuals. Today, Hubble supports AVAX, USDC, and Hubble Virtual USD (hUSD) as collateral. BTC, ETH, and Avalanche-native assets will come in the future. Hubble Exchange’s many features aim to give traders more options and a better experience. Cross-margining, which automatically utilizes PnL from one position to either offset losses or increase leverage in other positions, aims to increase capital efficiency. On Hubble Exchange, makers (liquidity providers) can collateralize assets while providing liquidity. They can also provide liquidity on leverage (up to 5x) and earn trading fees on leveraged liquidity. This lets makers do more with their assets on Avalanche.“Decentralized derivatives are on a trajectory to take on market share from centralized alternatives like FTX and Binance in the next few years,” said Candy Carpet, core contributor at Hubble Exchange. “We are in a pivotal time in history where there is an opportunity for a decentralized alternative to taking a real shot at the perpetual futures market. We believe Avalanche is the place to be for us as we take this shot due to its speed, scalability, and reliability, which any exchange needs.” Upon launch on August 8th, at 8 a.m. UTC, Hubble Exchange entered its Ignition Period of up to 24 hours, during which the protocol gathered liquidity. Now that this period has ended, trading and liquidity mining incentives have begun. The first vAMM is AVAX-PERP. Additional pairs, such as BTC-PERP and ETH-PERP, will come in the future. The Hubble Exchange DAO will initiate vHubble incentives for traders and makers to bootstrap initial liquidity and trading in its AVAX-PERP vAMM. Traders will receive an emission of 0.2% of the total token supply over the next month, while Makers (LPs) will receive 0.4%. Blizzard, the Avalanche Ecosystem Fund has made a strategic investment in Hubble Exchange. The project has been audited by Dedaub. For more information on Hubble Exchange, visit hubble.exchange. For more about vHubble incentives, read the full breakdown. This post is based on materials provided by Hubble Exchange. For more information, visit Hubble Exchange’s website. Also, please read this important notice. medium.com — About Hubble Exchange - Hubble Exchange is a decentralized platform for trading perpetual futures on Avalanche. Utilizing Avalanche’s low fees and highly scalable infrastructure, Hubble Exchange aims to offer an Avalanche-native experience for trading perpetual futures with its multi-collateral, cross-margin design. Website | Twitter | Discord | Forum | Telegram | YouTube | Technical Docs — About Avalanche - Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today. Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube Hubble Exchange Launches Native Perpetual Futures on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.




  AVAX NEWS


Avalanche Struggle To Break Downtrend, Is $20 Mark Possible?

    AVAX price ranges below 50 and 200 EMA on the daily timeframe.  Price continues to maintain a downtrend as it aims to break out to the $20 range. AVAX price closes attempting to break out of its downtrend on low timeframe.  Avalanche (AVAX) price has failed to sustain its head high above the blood bath of the bear market against tether (USDT). With what proved to be a major run for the price of Avalanche (AVAX) from a low of $10 to a high of $145, many predicted the AVAX project causing a major upset for many crypto projects. The statistics from the coupled Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) have affected the market negatively, with AVAX prices not exempted. (Data from Binance) Avalanche (AVAX) Price Analysis On The Weekly Chart  The price of AVAX has continued to decline as there seems to be no hope of a major bounce after losing its weekly support of $25 as the price looks to reclaim its $10 support on the weekly chart. The price of AVAX continues to hold above a key support area of $10; the price of AVAX needs to break its downtrend that has been maintained for weeks. A break would see the price retesting $20-$25.  For the price of AVAX to restore its relief, the price needs to break and hold above the $20 resistance preventing the price of AVAX from trending higher. If the price of AVAX keeps rejecting $20, we could see the price going lower.  Weekly resistance for the price of AVAX - $25. Weekly support for the ... read More



Boba Network Partners With Avalanche, Boba AVAX L2 to Provide 'Faster Tr...

    On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce 'faster transactions and lower fees.'Boba Network Integrates With the Avalanche PoS Blockchain Boba Network, the layer two (L2) scaling project introduced Boba AVAX L2 on Wednesday via the team's Twitter account. 'We're over the slopes to announce our partnership as an official scaling solution for Avalanche,' Boba said. 'Avalanche offers blazing fast speeds, low costs, and eco-friendly solutions: Boba AVAX L2 holds true to those values and enhances it further.' Boba is already connected with the Ethereum (ETH) network and at the time of writing, l2fees.info stats show Boba's fee to move ether today is $0.17, and to swap tokens the estimated price is $0.30. That is cheaper than the current 34 gwei ($0.96) to send ether onchain, according to etherscan.io's gas tracking tool. A high-priority decentralized exchange (dex) swap can cost $8.47 per transaction onchain, so Boba's $0.30 cost to swap, is 96.45% cheaper. 'Faster transactions, lower fees: Boba AVAX L2 is catered for all heavy transactions, throughput-reliant protocols [and] anyone wanting to be part of the next generation,' Boba further declared on Wednesday. The team further explained it is joining partner decentralized applications (dapps) like Sushiswap and Evoverses with... read More



Avalanche Integrates Layer-2 Scaling Solution Boba Network

    Ethereum layer-2 protocol Boba Network has announced the launch of its L2 scaling and augmenting solution on the Avalanche blockchain.  In a press release shared with CryptoPotato on Wednesday, Boba noted that the latest integration with Avalanche would further boost its status as a leading L2 scaling solution and provide developers network with a new low-cost ecosystem to build dApps. Avalanche Developers to Leverage Boba's Hybrid Compute The integration allows Avalanche developers to access Hybrid Compute, one of Boba's flagship products that enables smart contracts to interact seamlessly with Web 2 APIs.  Using Boba's Hybrid Compute solution, developers can leverage real-world data and off-chain computing to create applications with real utility.  Additionally, Avalanche-based projects can make use of Boba's native NFT bridge, facilitating the seamless transfer of NFTs between multiple L1 and L2 networks. First L2 on Avalanche The latest development makes Boba Network the first L2 scaling solution on the Avalanche blockchain, which supports more than 500 dApps and secures billions of dollars in value while having minimal climate impact.  Speaking on the integration, Luigi D'Onorio DeMeo, Head of DeFi at Ava Labs, said: 'By deploying to additional chains, Boba breaks fresh ground and brings Avalanche its very first L2 Equipping our talented developers with yet another way to make dApps cheap, fast, and scalable will only benefit users. We're e... read More



AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data

    AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. AVAX intraday trading volume indicates a 38.7% plunge Avalanche sellers successfully reclaimes the 20-day EMA slope Trading volume skyrockets to 487 million Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto's recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance. With the reversal of the V-top formation seen at the key resistance level of $30.6, the AVAX coin price dropped to $18.4 of the Fibonacci retracement level. It is however beneficial for buyers who were able to position right at this level prompting a 25% spike to $22.53. On the other hand, the massive selloff happening in the crypto market hinders the recovery of AVAX price and threatens a further downtrend. The selloff that happened on September 13 has sloughed off the possibility of completing the pattern. Evidently, the downtrend that took place yesterday was triggered by the high CPI or Consumer Price Index data. AVAX Low Volume Hints At Bulls' Weakness According to CoinMarketCap, AVAX's price is down by 1.51% or trading at $18.84 as of this writing. The low volume seen with AVAX implies the bull’s waning commitment or weakness. In the event that the selling pressure intensifies, AVAX could suffer a slump to $18.3 and then try to breach under that level which can furthe... read More



US Investment Giant KKR Tokenizes Private Equity Fund on Avalanche Block...

    Global investment giant KKR & Co has partnered with digital asset management firm Securitize to tokenize its private equity fund on a public blockchain network. According to an official press release, the partnership will allow the KKR to tokenize its second Health Care Strategic Growth Fund on the Avalanche blockchain, making it accessible to investors with at least $5 million in investible assets.  KKR Offers Tokenized Funds to Investors The growth fund is a $4 billion vehicle that invests in growing healthcare companies in North America and Europe.  Dan Parant, managing director and co-head of US private wealth at KKR, stated that the firm has been receiving increasing interest from individual investors regarding the fund.  He also noted that tokenized funds eliminate many of the barriers that prevent individual investors from accessing private equities. For instance, tokenized funds allow individuals to easily access private equities while enabling them to invest smaller amounts. “With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” Parant added. With the help of Securitize’s tokenized feeder fund on Avalanche, eligible investors will be able to purchase KKR’s growth fund. Investors will have to hold the security for a year before selling it to other qualified purchasers on a sec... read More



Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days

    Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.         August shows a whopping 46 million transactions made on the Avalanche network         Avalanche network busy with major developments and integrations         4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX. August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with. Avalanche Price Looking Optimistic The daily chart for AVAX looks optimistic. On the other hand, some on-chain metrics also reveal the potential for the altcoin to swerve down. According to CoinMarketCap, AVAX price is up by 0.33% or trading at $20.39 as of this writing. Over the past couple of days, the Daily Gas Usage of AVAX was able to touch the ATH of 462,891,881,113 which is a great sign that shows an increase of users supporting Avalanche. More so, the DFK Chain was found out to contribute greatly to the increase in gas usage. Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network’s TVL Weekly Dashboard. Some of the major integrations include FTX Japan listing AVAX on their website and also Avalanche’s partnership with Bubblemap designed to pave way towards a... read More



Multichain Bitcoin.com Wallet Now Supports Avalanche (AVAX)

    Bitcoin.com has added support for the smart contract platform Avalanche to its self-custodial web3 wallet. The addition of Avalanche to the multichain Bitcoin.com Wallet means the wallet's millions of users are now able to buy, sell, send, receive, and manage $AVAX. Users will also be able to trade tokens on the Avalanche network, as well as interact directly with the hundreds of Decentralized Apps (DApps) hosted on the high-throughput Ethereum Virtual Machine (EVM)-compatible network, enabling use cases like borrowing and lending, prediction markets, and synthetic assets. 'The potential of decentralized finance to create economic freedom is vast, but to realize that potential, we need to democratize access. And for that, it's essential that we provide a low-fee environment,' said Bitcoin.com CEO Dennis Jarvis. 'The Avalanche network is fast and cheap while also offering a high level of decentralization, which is critical for security and censorship resistance. Importantly, Avalanche has also attracted a huge range of high-quality DApps, which increases its utility for our millions of users.' Bitcoin.com's support for Avalanche is also motivated by the development of its ecosystem token $VERSE, which will require a low-fee smart contract platform to enable the small, frequent transactions associated with the token's utility and rewards functions. Verse will launch on Ethereum but also be bridged to Avalanche. Strategic investors purchased $33.6 million in a private sale of $V... read More



Avalanche DeFi Staking Platform Suffers Flash Loan Attack

    Avalanche-based DeFi staking platform - Nereus Finance - suffered a flash loan arbitrage attack. Decentralized exchange (DEX) Trader Joe and DeFi platform Curve Finance are also believed to have been impacted by the event that was executed around 3:26 pm ET on September 6. Both Avalanche and Nereus are yet to release an official statement regarding the exploit. Uphold Head of Research Dr. Martin Hiesboeck cited on-chain data from Snowtrace that revealed the attacker launched the exploit with a $51 million flash loan. These funds were then used to execute a flash loan attack that manipulated token pricing on the staking platform. While the entity behind the attack did pay back the $51 million loan, they still had $370,000 in USDC stablecoin after the completion of the arbitrage trade. The attacker reportedly then transferred the ill-gotten funds from the Avalanche blockchain to the Ethereum network, following which the bridged funds were swapped into 194 ETH and 15,800 DAI in this address. In a recently published report, CertiK's on-chain security software Skynet disclosed more than $2.33 billion had been lost to various scams and exploits in the Web 3 space, and a total of nearly 377 attacks have been recorded so far this year. August alone recorded 44 such attacks, with 33 being exit scams and seven deemed as flash loan attacks, among others. Even as flash loans continue to be a major pain point for the ecosystem, Skynet's report stated that these attacks have significantly... read More



Avalanche Plays A Game Of Bounce Or Die, Can Bulls Win This Fight?

    Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance) Avalanche (AVAX) Price Analysis On The Weekly Chart  The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the price continues to remain dormant with little price action. In recent weeks, the price of AVAX showed so much strength rallying to $30 before being rejected, and the price has failed to hold above $22, acting as an area of interest.  AVAX price was not able to break out of the downtrend channel, forming a strong bullish bias as the crypto market could be set for a minor rally.  The price of AVAX saw a rejection from $25 and has struggled to reclaim this region; for AVAX to have a chance of trending higher, the price needs to reclaim $25 and flip it into a support for the price to trend higher. If the AVAX price maintains this bearish structure, we could see the price of AVAX retesting the weekly low of $17, serving as good support for buy orders. Weekly resistance for the price of AVAX - $25. Weekly support for the price of AVAX - $17. Price Analysis Of AVAX On The Daily (1D) Chart Daily AVAX Price Chart | Source: AVAXUSDT On Tradingview.com After retesting the daily low, AVAX's price bou... read More



Colony Avalanche Index Launches to Offer Yield-Bearing Avalanche Ecosyst...

    [PRESS RELEASE - Paris, France, 6th September 2022] Colony Lab, the Avalanche ecosystem accelerator, has partnered with decentralized crypto index platform Phuture to launch CAI, the first index token offering exposure to the AVAX ecosystem. AI, or Colony Avalanche Index, is an investment tool to benefit from the growth of the Avalanche ecosystem as a whole through just one token. The CAI is a basket of both AVAX and Avalanche application tokens, spread into different thematic sections for DeFi, GameFi and others. In addition, thanks to an integration with Yield Yak, the CAI token is natively yield-bearing. The assets inside it are deployed to earn additional yield through the aggregator, offering a safe but effective way to compound gains. CAI is designed for investors who are excited about the Avalanche ecosystem but prefer to gain exposure in a calculated, more efficient way that optimizes capital for them. The network is a mere 22 months old, but it is already the third largest DeFi ecosystem by total value locked, in addition to very successful GameFi projects like DeFi Kingdoms, which run on their own subnets. The ecosystem will continue to grow and evolve rapidly, making it difficult to pick the ultimate winners at this stage. To account for the dynamism of the Avalanche Ecosystem, CAI will rebalance every month to always include the top assets by liquidity and capitalization. The dynamic rebalancing methodology ensures that CAI always stays allocated in the best-perfo... read More



AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen

    Avalanche (AVAX) has been leading a couple of prominent DeFi projects including Platypus. Platypus is a DeFi project built on the AVAX ecosystem that won the prestigious Avalanche X Grant. This DeFi protocol aims to provide a user-friendly and scalable stableSwap platform. More so, its dream is to create an Automated Market Maker (AMM) right on top of Avalanche that boasts of open liquidity and maximized efficiency in terms of capital. Additional assets can be integrated into the liquidity pool that can greatly enhance simplicity, ease of use, and flexibility. Platypus will be incorporating its first batch of voting gauges which will enable owners of vePTP tokens to get more rewards plus decide or vote on the placement of emissions. Voting power is regarded as extremely valuable in the DeFi space as it pumps up both liquidity and TVL. It’s interesting to note that the voting design of Platypus provides emissions without any presence of pause sliced in between votes. AVAX Posts ATH With 2 Million Transactions Notably, Avalanche was able to gross as much as 2 million transactions over the weekend which is now the most recent ATH for the crypto, boasting a spike that is astoundingly 4x more as seen in well over two months. More so, crypto analysts are in unison that AVAX will soar to new heights in the coming days. Evidently, Luigi DeMeo, Ava Labs head of DeFi, believes that subnets are a huge help and are just warming up. Conscious Lines collection and Crabada collection... read More



Avalanche Price Slips At $30 As AVAX Eyes Key Support

    The price of Avalanche (AVAX) slips at $30 against Tether (USDT) as Avalanche (AVAX) eyes key support to hold the price from selling off. AVAX showed great strength rallying to a high of $30 but was rejected as Bitcoin's (BTC) price continued to go lower, affecting the price of AVAX from trending higher. (Data from Binance) Avalanche (AVAX) Price Analysis On The Weekly Chart  Weekly AVAX Price Chart | Source: AVAXUSDT On Tradingview.com According to the chart, the price of AVAX had a strong bullish bias at $30, but the price was rejected from that region, causing the price of AVAX to move downward. After hitting a weekly low of $14.5, AVAX rallied to a high of $30, with hopes of retesting $50. The price was rejected at $30 and has since remained bullish. The price of AVAX closed with a weekly bearish candle, and the price volume suggests that the new week will be even more bearish. If AVAX maintains its current structure, we could see a retest of the support at $14.5 or lower, depending on sell volume. Weekly resistance for the price of AVAX - $30. Weekly support for the price of AVAX - $14.5. Price Analysis Of AVAX On The Daily (1D) Chart Daily AVAX Price Chart | Source: AVAXUSDT On Tradingview.com AVAX's price reached a daily low of $16, forming good support for the price to bounce off. read More



Biggest Movers: DOGE, AVAX Fall to 1-Month Lows on Saturday

    Dogecoin fell to a one-month low to start the weekend, as a red wave swept through cryptocurrency markets. Avalanche also dropped to a four-week low on Saturday, as the token hit a key support point. As of writing, the global crypto market cap is trading 5.46% lower.Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover during Saturday's session, as the meme coin fell to its lowest level since late July. The token dropped to an intraday low of $0.06261 to start the weekend, which is its lowest point since July 27. As a result of the sell-off, DOGE/USD fell below its long-term support level at $0.0650, which comes two days after trading at a ceiling of $0.0730. As seen on the chart, there was another technical occurrence which triggered today's decline - the downward cross between the 10-day (red) and 25-day (blue) moving averages (MA). This appears to have been the signal bears were waiting for before reentering the market, and once it took place, floodgates opened. As of writing, Saturday's bleed has somewhat eased, and this comes as the 14-day relative strength index (RSI) found a floor at the 40.00 mark. Should this point hold firm, then we may see DOGE consolidate, and potentially rebound in coming days. Avalanche (AVAX) Like DOGE, Avalanche (AVAX) fell to a four-week low to start the weekend, as the price of the token declined by nearly 10%. Following a peak of $23.17 on Friday, AVAX/USD slipped to an intraday bottom of $20.08 earlier in the day. This, as with dogecoin, i... read More



Avalanche (AVAX) Tries Comeback, Unfazed By $2-B Market Cap Loss In Last...

    Avalanche (AVAX) has pushed forward with its its ascent, despite market obstacles and negative circumstances over the past few weeks. Analysis of the Avalanche price reveals a bearish trend AVAX market sentiment remains bullish AVAX/USD trading at $20.57 as of this writing Due to the unfavorable market conditions, its market cap dropped by almost $2 billion over the last two weeks, but it is now trying to recover. At the time of writing, Avalanche's market cap - at $5.8 billion - was below its monthly high but above its monthly low. But with the market still trying to recover from last week's fall, will more value permeate the blockchain network now? Avalanche Price Circling Support Line It should be noted that for the past five days, AVAX has been circling above its support line. Its rising range, during which it has been oscillating for the last nine weeks, has the same support line. As the cryptocurrency declines approaching the $22.62 level, Avalanche price research reveals a bearish trend in the market. The $23.63 level is now acting as resistance for the AVAX/USD pair, and it must be broken in order for the pair to go higher. But it's likely that the bears will take over the market and drive the price down to the $22.52 support level. The one-day Avalanche price analysis has verified a negative trend, and the price is now declining once more. The AVAX/USD pair has been declining since last week and is currently trading at $20.58. The price movement continues to b... read More



Avalanche Grinds To A Halt As AVAX Breaks 2-Month Uptrend

    Avalanche (AVAX) price breaches an uptrend lingering in the ascending parallel channel for two months now.         AVAX price dips below the ascending channel, breaching an uptrend for two months         Avalanche price slides further down to $25         Price tagged in the buy zone but lacks impetus to maintain the ascending parallel channel Even though AVAX was able to break above $30, the coin wasn’t able to fill in the cracks to $40. At first, support seen at $28 controlled the bears’ grasp on the price but AVAX price retraced at $26.22 and is in danger of plunging further down to $25 and $21. Avalanche Price Slides Down To $25 According to CoinMarketCap, AVAX price has nosedived by 5.53% or trading at $25.89 as of this writing. AVAX faced hurdles as it muscles out with resistance spotted at $30. Bulls tried to sustain the upswing but the intense buying and selling pressure worked against AVAX. Inevitably so, the Parabolic SAR that hovers above the price heeled the scales towards the bears. With the support at $28 breached, the focus will now be reverted to the levels $25 and $21 which shores up the 100-day SMA. Now, trading below this level, the 50-day SMA could impel the AVAX price heading to buyer congestion seen at $21. As seen on the daily chart, the Stochastic oscillator beefs up traction to its downbeat standpoint as AVAX markedly dives under the midline. The continuous retreat of Avala... read More



AVAX Holds Steady And Sets Sights On $50 Barrier Breach

    Avalanche (AVAX) price may be a point of interest for many analysts especially since the gaming token is exhibiting formidable strength amid a bear market. AVAX price reveals a consistent ramping activity combined with a rise in price. Avalanche RSI reveals a breach on the overbought zone. High probability of breach can occur at the $50 barrier. AVAX Shows Solid Traction At $29.50 According to CoinMarketCap, AVAX price is currently swinging it at $29.50 and is showing immense bullish traction with an increase of 5.45% as of this writing. In the right market conditions, traders can anticipate high volatility. The token's price may be ideal for scalping this month. Technical indicators on AVAX price are showing signs of a bull run. More so, the token’s RSI was able to breach the overbought zone. In addition, Avalanche’s Volume Profile Indicator shows a ramping pattern. With these technical patterns, it’s wise to conclude that AVAX price is on the calm phase awaiting the storm surge. A breach at $30.50 could be compelling enough to push the coin to new heights. The token’s first target is set at $40 and next will be at $50. If the technical patterns are truly bullish, then AVAX will not drop and breach liquidity levels that sit right under the swing low of $22. If this bearish trajectory happens, then this can impede the uptrend of AVAX price as the token can dip to $14 or even $10. AVAX Suggests Rounding Bottom Pattern Judging by the Avalanche on a dail... read More



Avalanche Might Continue Its Downtrend As Price Slips To $16

    Avalanche had performed well over the past week, however, the coin depreciated significantly over the last 24 hours. It shed close to 12% over the past day. AVAX experienced tough resistance at the $21 mark, and it was unable to break over it causing price of the asset to slump further. Bitcoin and other major market movers has been struggling to trade above their immediate resistance mark too. BTC has been stuck at the $20,000 mark over the last few days. Broader market weakness has caused most altcoins to drop on their charts. Currently, most prominent altcoins including AVAX has been witnessing a wave of selling pressure. With mounting selling pressure, AVAX might move closer to the immediate support level of $14 over the next trading sessions. Since, the coin bounced from the $20 price level, AVAX has ever since continued to move south on its 24 hour chart. The global cryptocurrency market cap today is $892 Billion with a fall of 5.1% over the last 24 hours. Avalanche Price Analysis: One Day Chart Avalanche was priced at $16 on the one day chart | Source: AVAXUSD on TradingView AVAX was exchanging hands at $16 on the 24 hour chart. After being rejected at the $20 level, the coin continued to move on the bearish trend. The next support line for the coin was at $14.  If the coin is unable to sustain above the $14 mark, it could trade near the $13 mark. Overhead resistance was at $21, despite AVAX trying to break past it, the coin has failed multiple times causing the ... read More



MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LI...

    MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets: DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT. The crypto margin trading platform offers up to 150x leverage and recently integrated fiat-gateway XanPool, to allow for easy deposits. The post MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM appeared first on CryptoNinjas. read More



Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Wee...

    SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. Solana (SOL) SOL was lower in today's session, as prices fell for a fourth straight session following a false breakout of the $40 level. The world's ninth largest cryptocurrency dropped to an intraday low of $34.24 in today's session, which is its lowest point since June 23. Wednesday's six-day low comes less than 24-hours after prices were trading at a peak of $39.71. Despite today's nearly 14% decline, SOL is currently only 3.9% lower than at the same point last week, when prices rose to a peak of $43. Looking at the chart, SOL/USD is currently trading at $34.27, however we could be set to see further declines, as bears target the $30 mark. However, in order to reach this point, price strength will have to fall below the support point on the 14-day RSI of 42.30. Avalanche (AVAX) AVAX was on a similar path to SOL on Wednesday, as prices also fell by as much as 14% in today's session. Following a peak of $20.48 on Tuesday, AVAX/USD plunged to an intraday low of $17.39 earlier in the day. This drop saw the avalanche token fall for a fourth straight day, with prices now nearing its recent support point at $14.50. The recent bear run commenced on Sunday, when prices attempted, but failed, to break out of the $21.90 resistance level. Despite today'... read More



Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day Hig...

    XRP rose by nearly 15% during today's session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. XRP Bullish pressure in XRP intensified on Friday, as prices rose to their highest point in over a week during today's session. Today's surge saw XRP/USD rally to an intraday high of $0.3847, which is its highest point since June 11. Overall, prices are currently 13.6% higher than Thursday's low of $0.3244, and this comes after a marginal breakout of a key price ceiling. This resistance point was at the $0.3800 mark, and was broken as short-term momentum continued to move upwards. Looking at the chart, the moving average of 10 days (red) confirms this shift in direction, with the trend now heading higher. In addition to this, the 14-day RSI is tracking at its highest point in over three months, after hitting a high of 50.71 earlier today. However, this point is also a resistance level, which is why earlier gains have somewhat eased, as some bulls likely liquidated positions. Avalanche (AVAX) AVAX was another notable mover to end the week, as prices moved close to a key mark of $20 on Friday. Following a slow start to the week that saw AVAX/USD hit an all-time low of $13.53, prices rose to a peak of $19.97 earlier today. This move saw prices rise by as much as 13% in the day, with bulls attempting to break out of the current ceiling. Despite this ... read More



Avalanche Launches Bitcoin Brdige Through Web3 Wallet Core

    Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours. Wrapped BTC on Avalanche Ava Lab - the foundation behind the smart contracts platform Avalanche - launched a new bridge solution that allows users to tokenize their BTC as an Avalanche-based asset called BTC.b. The newly introduced 'wrapped' BTC could make the Avalanche DeFi ecosystem available to Bitcoin network users. The official blog post stated: 'This enables Bitcoin holders to directly access extensive earning and yield opportunities on top DeFi protocols, while still maintaining BTC on their portfolio.' The current BTC bridge is only available on Avalanche's Web3 wallet Core. The post noted that Core Chrome Extension is a customized product that supports cross-chain bridging, enabling other blockchains-based assets to be accessed on the Avalanche network. 'The Core Wallet Extension was custom built to support Bitcoin and the Avalanche Bridge and to handle the technical problems of linking Bitcoin and EVM chains within a wallet.' Similar to how wrapped BTC - a tokenized type of Bitcoin living on the Ethereum blockchain - was introduced to ETH through smart contracts, Avalanche would also lock up each received Bitcoin as a deposit and mint an equivalent amount of BTC.b tailored to its network. The L... read More



Bitcoin Spikes to 4-Days High, SOL, AVAX, DOT, and MATIC Soar Double-Dig...

    Bitcoin continues with its attempts to recover some of the recently-lost ground and has increased to just over $21,000. However, it has been outperformed by most of the altcoins. Some, such as DOT, AVAX, SOL, and MATIC, have marked massive double-digit gains. Altcoin on the Rise Following the massacre that transpired in the past week, and especially during the weekend, the alternative coins have begun their recovery sessions. Ethereum was among the most substantial losers. At one point, ETH had lost over 50% of its value in about a week and dumped all the way down to $900. Yesterday, though, brought some relief to the second-largest crypto, which reclaimed $1,000. Another daily increase has now pushed it above $1,100. BNB dipped below $200, but it’s currently above $220 following a 5.5% jump now. ADA has seen a similar increase and trades at $0.5. XRP, DOGE, LEO, and SHIB are also in the green. The most impressive gainers from the larger-cap altcoins are Solana, Polkadot, Avalanche, Chainlink, and Polygon. All of them are up by double digits on a daily scale. The overall crypto market cap has added another $40 billion in a day and is well above $900 billion now. Cryptocurrency Market Overview. Source: Quantify Crypto Altcoin/Industry News The organization behind Cardano said it had decided to postpone the anticipated Vasil upgrade to have time to prepare better. The DeFi protocol – Bancor – joined the list of other industry names halting services. The projec... read More



Biggest Movers: MKR up 20% to Start the Week, Whilst AVAX Rebound Contin...

    MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the weekend. Maker (MKR) MKR was a notable mover to start the week, as prices climbed nearly 20% on Monday, following recent declines. Following an intraday bottom of $789.20 on Sunday, MKR/USD raced to a peak of $948.50, as prices neared a key resistance point. This level is the $1,000 mark, which was broken last week, for the first time since December 2020. However, bulls seem to have re-entered following this multi-year low, and using this as an opportunity to 'buy the dip'. As of writing, earlier gains have somewhat eased, with MKR trading around $40 lower than today's previous peak. This comes as the 14-day RSI hit a resistance point of its own, at the 43 level, which likely triggered bulls into selling. Avalanche (AVAX) AVAX was also higher for a second consecutive session, moving away from a ten-month low in the process. Following a drop to $13.91, which is its lowest point since August 2021 over the weekend, AVAX/USD rebounded to start the week. This surge saw prices hit an intraday high of $17.82, which is over 15% higher than the low during the weekend. Bulls now seem set on taking prices back towards a key resistance level of $22, and this might be a realistic target, following another breakout. This breakout is of the ceiling on the 14-day RSI of 34.75, which was b... read More



Biggest Movers: AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40...

    AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news. Avalanche (AVAX) AVAX moved close to a one-week low on Friday, as prices fell following the release of U.S. inflation data. Following a high of $25.29 on Thursday, AVAX/USD slipped to a low of $22.78 earlier in today's session. This drop took prices close to their support level of $22.50, and comes as AVAX has dropped for four consecutive days. Today's low sees prices trade at their weakest point since last Saturday, with many now waiting to see if we could see even more drops this weekend. Looking at the chart, the 14-day RSI does look as though it has also found a floor at the 35 level, and should this hold, then we may not see any additional slips in price. This will be positive news for bulls who will likely wait for any signs of reversals prior to re-entering the market. Algorand (ALGO) Like AVAX, ALGO also dropped in value during today's session, as it too hit its lowest point this week. As of writing, ALGO/USD hit an intraday low $0.3696, which is nearly 10% below its peak of $0.4156 from yesterday's session. Today's low is slightly above the recent support level at $0.3665, and it's the first time prices have moved this close to that floor since June 4. The last time this floor was broken was on May 1... read More



Avalanche Co-Founder Emin Gün Sirer Discusses Macro Conditions and ...

    The price of Avalanche has slid significantly since the crypto asset's all-time high as the token has dropped 83% in value since then. In a recent interview published on May 31, Avalanche co-founder, Emin Gün Sirer, discussed how bear market conditions have impacted cryptocurrencies like avalanche (AVAX). The Avalanche co-founder mentioned 'macro conditions' and that 'all asset prices-not just crypto but also equities-have gone down' in value. Emin Gün Sirer: 'Price Is Not Something That I'm Supremely Interested in - I'm Building' Presently, the crypto economy has been facing a downturn after numerous digital assets have lost 40% to more than 80% in value against the U.S. dollar. For instance, bitcoin (BTC) is down 56.9% from its $69K all-time high seven months ago. The crypto asset avalanche (AVAX) has shed roughly 83.9% in value against the USD since the ATH it recorded on November 21, 2021. Just recently, Avalanche co-founder Emin Gün Sirer discussed the AVAX downturn in an interview with Forbes author Steven Ehrlich. Despite the crypto economy's bear market, Gün Sirer is very optimistic about the future of AVAX and he wholeheartedly believes it is the best form of blockchain technology out there today. 'Avalanche is, simply put, the most innovative blockchain platform device to date,' the Avalanche co-founder explained to Ehrlich. 'It represents the best technology that we know from a scientific perspective for building blockchains that scale and are ... read More



Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential To ...

    As the crypto market started recovering after Bitcoin experienced nine red weeks, some crypto projects have recorded incredible performance. That highlights their strength in a downtrend. Crypto analyst, Austin Arnold, expressed to his Youtube community what aspects they need to consider while choosing a project to invest in a bearish market. It includes a good team navigating the project with capable skills, the project is well funded, and the ability to solve real-life problems that occur in the blockchains. And he further noted strategic partnerships of a blockchain and its positioning in verticals also strengthen a crypto asset. The analyst picked up the Oracle firm's Chainlink (LINK) as the first option on his list having the above characteristics. He noted remarkable achievements of Oracle's network on the BNB chain (BNB) and Polygon (MATIC), highlighting the developer adoption of Chainlink. Arnold further addressed the performance of the token in the previous Bitcoin bloodbath.  At the time of writing, Chainlink is trading at  $7.29, down 0.77% in the past 24 hours. Bitcoin reclaims the $30,000 level.| Source: BTC/USD price chart from TradingView.com Other Crypto Projects On Arnold's List  The crypto analyst prefers the smart-contract platform Alavanche (AVAX) in the second place and calls it 'one of the best (layer-1s) in the space' and 'one of the best Ethereum competitors.' He shed light on the project's move to differentiate itself from Ethereum (ET... read More



Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Sol...

    Currently, the SOL token is trading at $47.89, a 4% growth from the 24-hour circle. Also, last week, the coin dipped to about $40.33 Solana Set Recover Previous Losses | .com Avalanche (AVAX) is the next coin Pentoshi believes worthy of discussion. The analyst suggests that the coin's ability to sustain just above its $25 support level boosts its chances of rallying to hit the $40 level. Currently, the AVAX token is trading at $28.63, a 5% growth from the 24-hour price. Also, last week, the coin dipped to about $22.13. AVAX soon to hit $30 | .com Pentoshi also explains a strong possibility for the crypto market to rally back. Therefore, he believes that once sentiments change momentum, the market will swing from outright bearishness to utmost bullishness. Pentoshi predicts that traders and investors will soon see a turnaround in their trades sooner than later. Thus, they'll move from exclaiming it's a dead bear market to screaming and rejoicing for alt season. However, the pundit also predicts that most altcoins may never hit their record-breaking prices again. SOL And Avax Blockchains Solana provides users with high-end digital and financial solutions. Being the 'new kid on the block,' Solana introduced attractive solutions like low transaction costs, swift transactions, and others for users to maximize their opportunities. Avalanche is a multi-chain smart contract network created to host decentralized applications (or dApps). Avalanche is one of the known contenders for E... read More



Biggest Movers: AVAX and ATOM Over 10% Lower on Thursday

    AVAX was one of the biggest movers in crypto markets on Thursday, as prices fell by over 10%, hitting a two-week low in the process. ATOM was also trading in the red, with its value dropping by as much as 13% in the day. Avalanche (AVAX) AVAX was one of today's biggest losers, as prices fell by over 10% on Thursday, pushing them to a two-week low. Following a low of $23.72 during Wednesday's session, AVAX/USD climbed to a peak of $28.54 earlier in the day. Today's drop saw AVAX hit its lowest point since May 12, and comes as its recent support point of $29.20 was broken. Prices now seemed to have found a lower floor at the $24.10 level, which is not far off from a ten-month low of $22.30. Looking at the chart, the Relative Strength Index (RSI) is tracking below 30, after its ceiling of 32 was held earlier in the week. This has resulted in an increase of bearish strength, and an extension of an almost six-week down cycle. So far, the latest floor has held somewhat firm, and bulls will potentially look to use it to push prices back towards resistance at $28. Cosmos (ATOM) ATOM also dropped by double digits on Thursday, as it too fell below its recent price floor during today's session. The floor of $10.00 was broken as prices of ATOM/USD fell to an intraday low of $9.37, which, like AVAX, is also a two-week low. Thursday's drop follows a high of $10.90 during yesterday's session. However, following four consecutive sessions of declines, prices are now in single digits. As c... read More



Avalanche Invites BAYC's Otherside to Move Onto its Subnets

    Layer one (L1) protocol Avalanche asked ApeCoin DAO to consider launching the renowned metaverse project, Otherside, on its layer-two subnet, touting its strengths in rapid transaction processing, higher throughput, scalability, and lower gas fees. The blockchain project sees itself as an alternative to Ethereum upon which Otherside is built. Subnet as a Scaling Solution for Otherside Ethereum is commonly known for its high gas fees that prevent a broader level of adoption. Less than a month ago, the highly-anticipated Otherside drop congested the network, making users pay more than $175 million in ETH for the gas fees on the first day of its launch. Avalanche proposed the migration plan on ApeCoin's Forum, arguing in favor of its low-fee and high-speed network. The so-called 'Ethereum Killer' stated that migrating to its subnet could 'dramatically increase speed to finality while reducing gas fees, enabling a better user experience for the Otherside metaverse.' Avalanche also stated that the ApeCoin community could access a $290 million incentive program designated to support users and development costs. The blog post outlined how the plan would be executed, noting that the subnets, meant to let users create customized blockchains by staking AVAX, would allow for gas fees paid in APE and is compatible with the Ethereum Virtual Machine (EVM): 'Subnets allow for unmatched flexibility with gas fees paid in APE, accruing value to the ApeCoin subnet and APE holders. ApeCoin ... read More



Avalanche Price Analysis: After a 18% Weekly Drop, Can AVAX Stop the Cor...

    AVAX's price has dropped over 80% since setting the all-time high at $147, but is it close to finding a bottom? Key Support level: $28, $20 Key Resistance level: $32, $38 AVAX's downtrend appears to have slowed down with the price finding solid support at $28. At the time of this post, the cryptocurrency is unwilling to go lower and the bulls will have to break the key resistance at $32 if they want to turn around the bearish momentum. Chart by TradingView Technical IndicatorsTrading Volume: The trading volume spiked during the crash on May 11th and since then, it has remained high with buyers coming in strong whenever the price falls under $30 - creating some sort of a local bottom around that area for the time being. RSI: The daily RSI has managed to leave the oversold area at under 30 points, but failed to rally much higher. MACD: The daily MACD is bullish, but shows a lack of conviction from buyers at this time. The bulls will have to break the key resistance to validate this signal. Chart by TradingView Bias The bias on AVAX is neutral. A break of the key levels is needed to change this bias. Short-Term Prediction for AVAX Price AVAX has closed the past seven weekly candles in red and is now approaching a moment when bulls may have a good chance to take over the price action and attempt a recovery. If they manage to break above $32, then Avalanche has a good shot at a relief rally. read More



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