#CryptoWatchMay2024
During the last bull season, it rose to $146, providing a significant gain of 4900% from its launch price level. AVAX, which gave back a significant portion of its gains during the bear market, increased its value by 400% in a short time after breaking the long-term downward trend with the general rise that started in October.
The Avalanche team continued to work hard throughout the bear market and developed and implemented the subnet system during this period. This has emerged as a major catalyst as several enterprise companies have opted for the Avalanche network amid efforts to provide services for Blockchain technology.
It seems likely that the Avalanche network, which has an important place in the gaming industry throughout 2024, will continue its upward trend as its subnets begin to be used more effectively. #avax
ARB, which was launched in March this year, is among the altcoins issued after the last bull season and has the potential to have a value increase above the market average in the next bull season.
ARB quickly took its place among the 50 largest cryptocurrencies and stood out as an important layer-2 project. While ARB, which managed to break its falling trend as of last month, is trying to overcome a critical resistance level at $ 1.41 at the end of the year, a possible breakout could be a trigger for the altcoin to increase its momentum in 2024.
Thus, we can see that ARB could break its ATH at $1.81 in a short time, providing a solid profit opportunity.
RNDR, which started to be listed on major crypto exchanges last year and entered a downward trend due to the bear market, achieved an impressive performance throughout 2023, reaching a 1000% increase in value.
Operating in a niche sector of the cryptocurrency industry, Render operates as a GPU rendering network that connects developers who need GPU processing power with rally partners.