Cryptocurrency News
The Avalanche ecosystem is experiencing notable growth in stablecoin usage, a trend that is driving the development of a robust DeFi landscape. Fiat-backed stablecoins, especially USDT, are currently dominating on Avalanche. With a 70% market share and a market cap of $1.7 billion, USDT has become the most widely used […]
Switching from buying to selling in a week, Avax dipped below a crucial support line and turned weak again. While it has managed to hold above the monthly low, a further break below could lead to a bigger sell-off. Following August’s bounce that brought positive sentiments back into the market, […]
Avalanche continues to solidify its standing as a leading player in the decentralized finance (DeFi) space, boasting a strong ecosystem and growing user activity. With over $1 billion in Total Value Locked (TVL) and an active user base, Avalanche demonstrates resilience and growth in a competitive landscape. One of the […]
Many altcoins are in green today, including Avax which posted 4% gains in the past 24 hours. This gain was triggered by a bounce off a support line yesterday and is now looking strong on the daily chart. This month’s trading looks a bit dicey due to some minor drops […]
Following a recent break and rest pattern of a five-month descending channel, Avax found support this week and bounced briefly. It posted gains today and looks ready for another swing high. After marking resistance at the $30 level in late September, Avax started this month weak with a pullback and […]
Avax continued to post gains after recently bouncing off a key bottom. The market structure has shifted a bit over the past few days and is now looking set for a massive run as it gathers liquidity on the way up. The past weeks have been remarkable in the entire […]
Starting this month on a weak note, which led to some price reductions, Avax found solid ground and began to show strength again. Although, it pulled back a bit but resumed buying and broke out of a channel. Avax’s daily outlook appeared positive over the past two weeks as it […]
After a short retracement, Avax resumed bearish and continued to show signs of weakness. While the volatility appears low this week, it is likely to resume pressure as soon as the selling volume increases. Avax’s overall market outlook is still strongly bearish on the monthly scale as it continued to […]
The last 48 hours mark the most volatile session in the market since Avalanche started to recover two weeks back. It appeared strong on the week but bias remains bearish on the monthly scale. Last week’s trading was painful as Avax briefly turned weak after posting small gains from the […]
StableJack is making waves in the stablecoin sector on the Avalanche blockchain with two innovative products designed to enhance capital efficiency and reduce risks. These offerings allow users to mint $xAVAX, providing leveraged exposure to AVAX without the risk of liquidation, and $aUSD, a yield-bearing stablecoin that offers an impressive […]
Avax saw a small recovery this month but appeared back in a downward range after rejecting a key resistance level last week. Following a huge loss over the past week, it is now trading near the monthly low. This month’s trading has been a period of relief in the mid-term […]
The daily market outlook is still much dicey despite the latest recovery. However, Avalanche has seen a nice 7% increase since yesterday but the price looks indecisive as it continues to maintain a sideways trend. Avax’s performance over the past three weeks has been relatively low as it entered a […]
Avalanche AVAX, a major player in the cryptocurrency space, is on the cusp of a significant transformation. The upcoming implementation of ACP-77 marks a crucial step toward creating an ecosystem of interoperable, fully customizable, and sovereign Layer 1 blockchains. Avalanche, a multi-billion $$$ ecosystem, is about to undergo a major […]
VanEck’s recent filing for a Solana ETF briefly boosted SOL’s price, demonstrating the power of crowd optimism. The mere act of filing was enough to spark excitement among traders, leading to a temporary uptick in SOL’s value. 🥳 VanEck's filing for a Solana ETF caused SOL's price to surge today. […]
Avalanche ($AVAX), which reached a yearly high of approximately $64 in March 2024, has experienced a significant price decline, falling 61% to its current trading price of $25. This downturn has affected a large portion of AVAX investors. Data from @Intotheblock reveals that 4.37 million addresses, representing 52% of all […]
In continuation of the dip, Avax appeared weaker on the daily chart following another 10% weekly loss. This puts the market in a better selling condition, creating a new yearly low. Bigger moves lurk around! The past months have marked a tumultuous period for Avax as it advanced bearish after […]
Since Avax switched its bearish correction to a sideways movement in April, trading has remained in a tight range – looking for a breakpoint. Once it finds that breakpoint, we can expect a massive liquidity run. Amid low trading volatility, the last three weeks have been rough for Avax as […]
Following the mid-month surge that led to a false breakout last week, Avax fell back into a range and continued to show signs of weakness. It is currently looking for key support to initiate a buy on the daily chart. Bouncing off the key $29 level in April, Avax has […]