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#Write2earn #AVAX Price Analysis: Charting Potential Upside Momentum #Avalanche #Altcoins #AVAX🚨🔥🚨💯💥💯🔥🔥🚨UPDATE $AVAX
AVAX is eyeing upward movement following a period of stability, with the cryptocurrency finding a foothold around the $30.50 mark after a gradual decline. Rebounding from its recent low near $30.58, AVAX initiated a fresh uptrend, mirroring the movements of Bitcoin and Ethereum.
The price surged by more than 10%, surpassing several obstacles around the $35.00 mark. Notably, a crucial bearish trend line with resistance at $34.00 was breached on the 4-hour AVAX/USD chart. Furthermore, the pair cleared the 50% Fibonacci retracement level of the downward swing from the $39.83 peak to the $30.58 trough.
Currently, AVAX is trading above $36.50 and the 100 simple moving average (4 hours). Immediate resistance looms around the $37.65 mark or the 76.4% Fibonacci retracement level of the aforementioned downward move. The subsequent significant resistance area forms near $39.80. If this level is breached, a surge of more than 10% could be witnessed, potentially propelling the price steadily towards $42.50 or even $44.00.
Should AVAX encounter hurdles and fail to sustain momentum above $37.65 or $39.80, a corrective downturn might ensue. Initial support lies near the $36.30 level, with major support found around the $35.20 zone and the 100 simple moving average (4 hours). A breach below $35.20 could pave the way for a substantial decline towards $32.80, followed by crucial support near $30.50.
In terms of technical indicators, the 4-hour MACD for AVAX/USD indicates a bullish momentum, while the 4-hour RSI sits comfortably above the 50 level, signaling positive momentum.
Key support levels to watch are $36.30 and $35.20, while notable resistance levels include $37.65, $39.80, and $42.50.
AVAX is eyeing upward movement following a period of stability, with the cryptocurrency finding a foothold around the $30.50 mark after a gradual decline. Rebounding from its recent low near $30.58, AVAX initiated a fresh uptrend, mirroring the movements of Bitcoin and Ethereum.
The price surged by more than 10%, surpassing several obstacles around the $35.00 mark. Notably, a crucial bearish trend line with resistance at $34.00 was breached on the 4-hour AVAX/USD chart. Furthermore, the pair cleared the 50% Fibonacci retracement level of the downward swing from the $39.83 peak to the $30.58 trough.
Currently, AVAX is trading above $36.50 and the 100 simple moving average (4 hours). Immediate resistance looms around the $37.65 mark or the 76.4% Fibonacci retracement level of the aforementioned downward move. The subsequent significant resistance area forms near $39.80. If this level is breached, a surge of more than 10% could be witnessed, potentially propelling the price steadily towards $42.50 or even $44.00.
Should AVAX encounter hurdles and fail to sustain momentum above $37.65 or $39.80, a corrective downturn might ensue. Initial support lies near the $36.30 level, with major support found around the $35.20 zone and the 100 simple moving average (4 hours). A breach below $35.20 could pave the way for a substantial decline towards $32.80, followed by crucial support near $30.50.
In terms of technical indicators, the 4-hour MACD for AVAX/USD indicates a bullish momentum, while the 4-hour RSI sits comfortably above the 50 level, signaling positive momentum.
Key support levels to watch are $36.30 and $35.20, while notable resistance levels include $37.65, $39.80, and $42.50.
AVAX Price Movement: Potential Breakout Ahead
AVAX price correction prompts attention below $30, with a potential double bottom formation indicating a reversal. A breakout may propel prices towards $50 or higher.
Avalanche’s AVAX has experienced a price correction, delaying its goal of reaching $100 and prompting concern about avoiding a drop below $30. With a 50% decline in the downward trend, the altcoin seems to be forming a falling channel pattern on the daily chart. Buyers are working to keep the price above $30, while there’s a growing feeling that the market sentiment could shift from bearish to bullish. Amidst rising expectations for an altcoin season, AVAX’s potential to reach $100 by year-end is becoming more promising.
AVAX Price Analysis: Signs of Bullish Reversal
Despite a notable pullback, AVAX has found support around $30, suggesting a potential double bottom formation—a significant bullish signal. Currently, the altcoin’s price is indicating signs of breaking the general trend line at $34.59, potentially leading to a breakout from the falling channel.
As AVAX exits the falling channel, there’s anticipation for increased upward momentum and a strong upward movement in the popular altcoin.
Technical indicators further support the potential for a bullish reversal. The MACD and signal line, positioned above the zero line, suggest a possible recovery with bullish signals. Moreover, the intertwining of these lines indicates a bullish trend. Additionally, the RSI line on the daily timeframe displays a bullish breakout on the chart, enhancing the likelihood of a bullish trend.
AVAX Potential Breakout: Opportunity for New Investors
As bullish sentiment grows, AVAX presents an enticing entry point for new investors. Momentum indicators align with this bullish scenario, hinting at the possibility of a breakout from the channel formation.
Should a breakout occur, the emerging bullish trend on the AVAX chart could propel the price towards $50 or the 50% trend-based Fibonacci level.
However, in a worst-case scenario, if the price fails to hold above $30, it may experience a significant drop. In such a case, a potential pullback to $20 could be anticipated.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Avalanche #AVAX
Avalanche’s AVAX has experienced a price correction, delaying its goal of reaching $100 and prompting concern about avoiding a drop below $30. With a 50% decline in the downward trend, the altcoin seems to be forming a falling channel pattern on the daily chart. Buyers are working to keep the price above $30, while there’s a growing feeling that the market sentiment could shift from bearish to bullish. Amidst rising expectations for an altcoin season, AVAX’s potential to reach $100 by year-end is becoming more promising.
AVAX Price Analysis: Signs of Bullish Reversal
Despite a notable pullback, AVAX has found support around $30, suggesting a potential double bottom formation—a significant bullish signal. Currently, the altcoin’s price is indicating signs of breaking the general trend line at $34.59, potentially leading to a breakout from the falling channel.
As AVAX exits the falling channel, there’s anticipation for increased upward momentum and a strong upward movement in the popular altcoin.
Technical indicators further support the potential for a bullish reversal. The MACD and signal line, positioned above the zero line, suggest a possible recovery with bullish signals. Moreover, the intertwining of these lines indicates a bullish trend. Additionally, the RSI line on the daily timeframe displays a bullish breakout on the chart, enhancing the likelihood of a bullish trend.
AVAX Potential Breakout: Opportunity for New Investors
As bullish sentiment grows, AVAX presents an enticing entry point for new investors. Momentum indicators align with this bullish scenario, hinting at the possibility of a breakout from the channel formation.
Should a breakout occur, the emerging bullish trend on the AVAX chart could propel the price towards $50 or the 50% trend-based Fibonacci level.
However, in a worst-case scenario, if the price fails to hold above $30, it may experience a significant drop. In such a case, a potential pullback to $20 could be anticipated.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Avalanche #AVAX
#Avalanche founder Emin Gun Sirer warns devs against fake crypto!
Sirer slams anonymous creators of useless tokens with misleading jargon, calling them a risk to investors. He urges developers to focus on real value transfer instead of hype. Sirer criticizes the misuse of "Effective Altruism" and "weak subjectivity" to disguise non-functional tokens. He emphasizes honesty and innovation for Layer 1 builders, urging them to compete fairly with Ethereum. This highlights growing skepticism in crypto development, pushing for more focus on real-world applications. #bitcoinhalving #NFT
Sirer slams anonymous creators of useless tokens with misleading jargon, calling them a risk to investors. He urges developers to focus on real value transfer instead of hype. Sirer criticizes the misuse of "Effective Altruism" and "weak subjectivity" to disguise non-functional tokens. He emphasizes honesty and innovation for Layer 1 builders, urging them to compete fairly with Ethereum. This highlights growing skepticism in crypto development, pushing for more focus on real-world applications. #bitcoinhalving #NFT
#Avalanche C-Chain Network Collaborates with Stripe for Seamless Crypto Purchases
A significant partnership has emerged in the crypto space as the Avalanche C-Chain network joins forces with payment giant Stripe. This collaboration enables verified Stripe users to seamlessly purchase Avalanche's AVAX #cryptocurrency and transfer it to their wallets. Ava Labs, the developer behind the Avalanche network, announced this integration in a recent blog post on April 29. Moreover, eight Web3 applications on Avalanche have also integrated with Stripe's platform.
The blog post elaborates that developers on the Avalanche network now have the capability to embed a customizable widget into their interfaces. This widget empowers users to convert fiat currency to cryptocurrency using Stripe's platform. Several apps have already unveiled their integration with the widget, including the Avalanche Core portfolio app, staking protocol GoGoPool, Avvy username service, social media platform The Arena, #NFT marketplace Zeroone, Halliday wallet, web development platform Pakt, and blockchain games DeFi Kingdoms and Shrapnel.
The primary objective of this integration is to tackle the "cold start problem" in #Web3 , a situation where users lack sufficient funds in their wallets to initiate transactions on the platform. Stripe will manage KYC (Know Your Customer) procedures, payments, fraud detection, and compliance, thereby enabling developers to concentrate on their applications. With the launch of this integration, Core portfolio users can now create Avalanche accounts using their Google or Apple ID and fund them through bank transfers, debit cards, or credit cards.
Akash Gupta, head of consumer products at Ava Labs, is optimistic about the collaboration's potential to drive global cryptocurrency adoption. He emphasized Core's integration with Stripe as a step towards providing intuitive solutions, bridging the gap between crypto and fiat for seamless transactions and broader adoption.
Source - finance.yahoo.com
#BinanceSquareUpdates $AVAX
A significant partnership has emerged in the crypto space as the Avalanche C-Chain network joins forces with payment giant Stripe. This collaboration enables verified Stripe users to seamlessly purchase Avalanche's AVAX #cryptocurrency and transfer it to their wallets. Ava Labs, the developer behind the Avalanche network, announced this integration in a recent blog post on April 29. Moreover, eight Web3 applications on Avalanche have also integrated with Stripe's platform.
The blog post elaborates that developers on the Avalanche network now have the capability to embed a customizable widget into their interfaces. This widget empowers users to convert fiat currency to cryptocurrency using Stripe's platform. Several apps have already unveiled their integration with the widget, including the Avalanche Core portfolio app, staking protocol GoGoPool, Avvy username service, social media platform The Arena, #NFT marketplace Zeroone, Halliday wallet, web development platform Pakt, and blockchain games DeFi Kingdoms and Shrapnel.
The primary objective of this integration is to tackle the "cold start problem" in #Web3 , a situation where users lack sufficient funds in their wallets to initiate transactions on the platform. Stripe will manage KYC (Know Your Customer) procedures, payments, fraud detection, and compliance, thereby enabling developers to concentrate on their applications. With the launch of this integration, Core portfolio users can now create Avalanche accounts using their Google or Apple ID and fund them through bank transfers, debit cards, or credit cards.
Akash Gupta, head of consumer products at Ava Labs, is optimistic about the collaboration's potential to drive global cryptocurrency adoption. He emphasized Core's integration with Stripe as a step towards providing intuitive solutions, bridging the gap between crypto and fiat for seamless transactions and broader adoption.
Source - finance.yahoo.com
#BinanceSquareUpdates $AVAX
The Avalanche Crypto Price Struggles at Key Resistance Amid Growing Bearish Momentum
In recent trading sessions, the #Avalanche crypto price has shown a mix of slight upticks and downtrends, as reflected in the closing prices from $34.63 to $33.86. Technical indicators on the 4-hour chart suggest a tentative balance between buyers and sellers with potential key movements around established support and resistance levels.
The 9 Exponential Moving Average (EMA) initially rose from $34.22 to $34.56, indicating a mild bullish sentiment, before slightly retreating to $34.42 in the latest session. This movement near the 20 EMA, which has hovered more steadily around $34.58 to $34.58, presents a converging scenario suggesting that $AVAX is stabilizing after recent fluctuations. The price residing below both EMAs as of the latest data point, especially under the key resistance at $35.01, hints at bearish pressure.
The Moving Average Convergence Divergence (MACD) shows a narrowing of negative momentum, as the MACD line moves closer to the signal line from -0.498 to -0.311. This closing gap, reflected in the positive histogram values from 0.102 to 0.121, suggests a potential for reversal or slowdown in the downward trend.
The Relative Strength Index (RSI), after peaking at 53.63, has declined to 42.38, moving towards oversold territory. This could indicate a strengthening bearish momentum or a potential pivot point if the market perceives AVAX as undervalued.
Looking ahead, #AVAX faces immediate resistance at $35.01 and a stronger barrier at $35.42. A breakout above these levels could encourage a bullish trend continuation, potentially targeting higher resistances. On the downside, support is found at $33.31 and further at $33.20. A breach below these supports might accelerate selling pressure, with $32.94 as an additional crucial level to watch. #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.
In recent trading sessions, the #Avalanche crypto price has shown a mix of slight upticks and downtrends, as reflected in the closing prices from $34.63 to $33.86. Technical indicators on the 4-hour chart suggest a tentative balance between buyers and sellers with potential key movements around established support and resistance levels.
The 9 Exponential Moving Average (EMA) initially rose from $34.22 to $34.56, indicating a mild bullish sentiment, before slightly retreating to $34.42 in the latest session. This movement near the 20 EMA, which has hovered more steadily around $34.58 to $34.58, presents a converging scenario suggesting that $AVAX is stabilizing after recent fluctuations. The price residing below both EMAs as of the latest data point, especially under the key resistance at $35.01, hints at bearish pressure.
The Moving Average Convergence Divergence (MACD) shows a narrowing of negative momentum, as the MACD line moves closer to the signal line from -0.498 to -0.311. This closing gap, reflected in the positive histogram values from 0.102 to 0.121, suggests a potential for reversal or slowdown in the downward trend.
The Relative Strength Index (RSI), after peaking at 53.63, has declined to 42.38, moving towards oversold territory. This could indicate a strengthening bearish momentum or a potential pivot point if the market perceives AVAX as undervalued.
Looking ahead, #AVAX faces immediate resistance at $35.01 and a stronger barrier at $35.42. A breakout above these levels could encourage a bullish trend continuation, potentially targeting higher resistances. On the downside, support is found at $33.31 and further at $33.20. A breach below these supports might accelerate selling pressure, with $32.94 as an additional crucial level to watch. #BullorBear #TrendingPredictions
The full analysis and trade strategy were originally posted on ecoinimist.com.
#Write2earn #Avalanche and #Stripe Forge Partnership: Facilitating Cryptocurrency Adoption #CryptoPayments #AVAX $AVAX
Recently, the Avalanche C-Chain network forged a partnership with payment giant Stripe, allowing verified Stripe users to buy Avalanche's AVAX cryptocurrency and move it to their wallets. Ava Labs, the brains behind the Avalanche network, unveiled this collaboration in a blog post on April 29. Moreover, eight Web3 applications on Avalanche have tapped into Stripe's platform.
According to the blog, Avalanche app developers can now incorporate a customizable widget into their interfaces. This widget empowers users to switch from fiat currency to cryptocurrency using Stripe's platform. Several apps have already jumped on board, including the Avalanche Core portfolio app, staking protocol GoGoPool, Avvy username service, social media platform The Arena, NFT marketplace Zeroone, Halliday wallet, web development platform Pakt, and blockchain games DeFi Kingdoms and Shrapnel.
The main goal of this integration is to tackle the "cold start problem" in Web3, where users lack enough funds in their wallets to kickstart transactions on the platform. Stripe will manage KYC (Know Your Customer) processes, payments, fraud detection, and compliance, freeing up developers to focus on their applications. With this integration, Core portfolio users can now set up Avalanche accounts using their Google or Apple ID and load them up via bank transfers, debit cards, or credit cards.
Akash Gupta, head of consumer products at Ava Labs, believes this collaboration will propel global cryptocurrency adoption. He remarked, “Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive, and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions.”
Recently, the Avalanche C-Chain network forged a partnership with payment giant Stripe, allowing verified Stripe users to buy Avalanche's AVAX cryptocurrency and move it to their wallets. Ava Labs, the brains behind the Avalanche network, unveiled this collaboration in a blog post on April 29. Moreover, eight Web3 applications on Avalanche have tapped into Stripe's platform.
According to the blog, Avalanche app developers can now incorporate a customizable widget into their interfaces. This widget empowers users to switch from fiat currency to cryptocurrency using Stripe's platform. Several apps have already jumped on board, including the Avalanche Core portfolio app, staking protocol GoGoPool, Avvy username service, social media platform The Arena, NFT marketplace Zeroone, Halliday wallet, web development platform Pakt, and blockchain games DeFi Kingdoms and Shrapnel.
The main goal of this integration is to tackle the "cold start problem" in Web3, where users lack enough funds in their wallets to kickstart transactions on the platform. Stripe will manage KYC (Know Your Customer) processes, payments, fraud detection, and compliance, freeing up developers to focus on their applications. With this integration, Core portfolio users can now set up Avalanche accounts using their Google or Apple ID and load them up via bank transfers, debit cards, or credit cards.
Akash Gupta, head of consumer products at Ava Labs, believes this collaboration will propel global cryptocurrency adoption. He remarked, “Core’s integration with Stripe is just another step that underscores our dedication to providing users with intuitive, and streamlined solutions. By further bridging the gap between crypto and fiat, Core continues to pave the way for seamless onboarding and broader consumer adoption of digital currencies in everyday transactions.”
Garanti BBVA Announces Support for Avalanche (AVAX). 🔺🏦
Garanti BBVA, a leading financial institution in Turkey, is making strides in the cryptocurrency market by announcing its support for Avalanche (AVAX) coin. This move marks a significant expansion of its offerings, which previously included Bitcoin, Ethereum, and USD Coin.
The integration of Avalanche into Garanti BBVA's Kripto mobile app will empower users to engage with the Avalanche ecosystem, including transactions with both Avalanche and Avalanche C-Chain. This step reflects the growing demand for diversified crypto assets among users.
M. Çağrı Süzer, Deputy General Manager and Chairman of Garanti BBVA Dijital Varlıklar, underlines Turkey's increasing importance in crypto trading and the necessity of broadening asset diversity to meet customer needs. Responding to this demand, Garanti BBVA plans to introduce support for Avalanche c-chain and AVAX coin initially for storage, with plans to expand into trading services in the future.
This initiative aligns with Garanti BBVA's commitment to enhancing its service infrastructure and expanding its crypto asset portfolio. As the cryptocurrency market continues to evolve, Garanti BBVA aims to remain at the forefront of innovation, providing customers with access to a wider range of digital assets.
#AvalancheAVAX #Avalanche #AVAX #GarantiBBVA #BBVA
Garanti BBVA, a leading financial institution in Turkey, is making strides in the cryptocurrency market by announcing its support for Avalanche (AVAX) coin. This move marks a significant expansion of its offerings, which previously included Bitcoin, Ethereum, and USD Coin.
The integration of Avalanche into Garanti BBVA's Kripto mobile app will empower users to engage with the Avalanche ecosystem, including transactions with both Avalanche and Avalanche C-Chain. This step reflects the growing demand for diversified crypto assets among users.
M. Çağrı Süzer, Deputy General Manager and Chairman of Garanti BBVA Dijital Varlıklar, underlines Turkey's increasing importance in crypto trading and the necessity of broadening asset diversity to meet customer needs. Responding to this demand, Garanti BBVA plans to introduce support for Avalanche c-chain and AVAX coin initially for storage, with plans to expand into trading services in the future.
This initiative aligns with Garanti BBVA's commitment to enhancing its service infrastructure and expanding its crypto asset portfolio. As the cryptocurrency market continues to evolve, Garanti BBVA aims to remain at the forefront of innovation, providing customers with access to a wider range of digital assets.
#AvalancheAVAX #Avalanche #AVAX #GarantiBBVA #BBVA
Avalanche Subnets Are Getting Renewed
As you may know we can't share non-Binance links here. However, accessing original articles about this topic is easy enough. Though they often contain technical language that can be challenging for most readers. Here I try my best to provide you with the most basic information regarding the topic.
#Avalanche is undergoing a serious change regarding the subnets and you should know this.
TLDR:
- Separating Subnet Validators from Primary Network Validators:
- Primary Network Partial Sync
- Removal of 2000 $AVAX requirement
- Moving ownership of Subnet validator set management from P-Chain to Subnets:
- ERC-20/ERC-721/Arbitrary Staking
- Staking Reward Management
- Introducing a continuous P-Chain fee mechanism for Subnet Validators:
- Continuous Subnet Staking
Yes, you have read right;
REMOVAL OF 2000 #AVAX REQUIREMENT!
Node operators need to stake 2000 AVAX to become Primary Network Validators, and most of the time they need 8 validators that makes 16000 AVAX which is too expensive
Subnet Validators also require specific hardware resources for syncing the entire Primary Network. This part is pretty technical and I have to skip the details about it
Regulated entities unable to validate permissionless #blockchains cannot launch Subnets, limiting RWA issuers' participation.
Improperly metered, widely validated Subnets could destabilize the Primary Network or cause issues for Subnets with the Primary Network.
In summary Avalanche community would benefit from a more flexible and cost-effective method for launching permissionless #subnets .
Avalanche team calls it "Elastic Subnets" for now. We will see how it goes!
#Avalanche is undergoing a serious change regarding the subnets and you should know this.
TLDR:
- Separating Subnet Validators from Primary Network Validators:
- Primary Network Partial Sync
- Removal of 2000 $AVAX requirement
- Moving ownership of Subnet validator set management from P-Chain to Subnets:
- ERC-20/ERC-721/Arbitrary Staking
- Staking Reward Management
- Introducing a continuous P-Chain fee mechanism for Subnet Validators:
- Continuous Subnet Staking
Yes, you have read right;
REMOVAL OF 2000 #AVAX REQUIREMENT!
Node operators need to stake 2000 AVAX to become Primary Network Validators, and most of the time they need 8 validators that makes 16000 AVAX which is too expensive
Subnet Validators also require specific hardware resources for syncing the entire Primary Network. This part is pretty technical and I have to skip the details about it
Regulated entities unable to validate permissionless #blockchains cannot launch Subnets, limiting RWA issuers' participation.
Improperly metered, widely validated Subnets could destabilize the Primary Network or cause issues for Subnets with the Primary Network.
In summary Avalanche community would benefit from a more flexible and cost-effective method for launching permissionless #subnets .
Avalanche team calls it "Elastic Subnets" for now. We will see how it goes!
Numbers Collaboration with Avalanche
Numbers protocol announce its Collaboration with Avalanche.
To learn about exciting plans for art and #NFT on #Avalanche and to showcase their works on the provenance of digital media.
Numbers Protocol is the asset-driven protocol to make digital media traceable and verifiable through its innovative process.
#AvalancheSpace
To learn about exciting plans for art and #NFT on #Avalanche and to showcase their works on the provenance of digital media.
Numbers Protocol is the asset-driven protocol to make digital media traceable and verifiable through its innovative process.
#AvalancheSpace
Avalanche — Integration of the Avalanche network into the Arkham service
Arkham has added the Avalanche C-Chain to its list of supported networks, so anyone can now track the activities of various addresses and services on the blockchain.
#Avalanche #CryptonResearchBot
#Avalanche #CryptonResearchBot
ParadiseTycoon Genesis Key
Genesis Keys are a rare and prized commodity, with a fixed total supply of only 2444 NFTs.
These keys will only be available in the Epic and Legendary Genesis Chests (T2 & T1 WL), making them a highly sought-after item that any Tycoon would be lucky to own.
#PlayandEarn game, #ParadiseTycoon can be found on #Avalanche Build, Explore & Expand Maximize production and Play with friends.
#AvalancheSpace
These keys will only be available in the Epic and Legendary Genesis Chests (T2 & T1 WL), making them a highly sought-after item that any Tycoon would be lucky to own.
#PlayandEarn game, #ParadiseTycoon can be found on #Avalanche Build, Explore & Expand Maximize production and Play with friends.
#AvalancheSpace
#Avalanche Foundation unveils $4 million incentive program for trading platform GMX.
🔗theblock
#crypto2023 #crypto101
🔗theblock
#crypto2023 #crypto101
Portal Fantasy Integration with Avalanche
Portal Fantasy is about to launch its Closed Beta on the Avalanche network!
#Avalanche has established itself as a leader in the world of blockchain gaming. And with their commitment to sustainability.
#PortalFantasy is a free-to-play pixel adventure RPG game playable as two roles: Heroes and Architects. Befriend, raise and fight alongside Porbles as you explore the different worlds as a Hero.
Portal Fantasy brings two roles and revolutionary game mechanics together in a modern twist to this classic genre.
#AvalancheSpace
#Avalanche has established itself as a leader in the world of blockchain gaming. And with their commitment to sustainability.
#PortalFantasy is a free-to-play pixel adventure RPG game playable as two roles: Heroes and Architects. Befriend, raise and fight alongside Porbles as you explore the different worlds as a Hero.
Portal Fantasy brings two roles and revolutionary game mechanics together in a modern twist to this classic genre.
#AvalancheSpace
TSM, Global gaming and entertainment, Chose #Avalanche as their exclusive blockchain partner, and will be launching a Subnet to bring the blitz app, the competitive gaming platform, on chain.
#crypto2023 #buildtogether #crypto101
#crypto2023 #buildtogether #crypto101
〽️ #Binance Coin $328,38 (↑1,33%)
🔹 Cardano $0,351089 (↓1,52%)
🔹 #XRP $0,453375 (↑0,81%)
🔹 Solana $20,69 (↓0,28%)
🔹 TRON $0,064257 (↑0,84%)
🔹 #Avalanche $16,96 (↓0,62%)
#investideabinance #cryptousdua
🔹 Cardano $0,351089 (↓1,52%)
🔹 #XRP $0,453375 (↑0,81%)
🔹 Solana $20,69 (↓0,28%)
🔹 TRON $0,064257 (↑0,84%)
🔹 #Avalanche $16,96 (↓0,62%)
#investideabinance #cryptousdua
Which cryptocurrency do you think could perform better in a couple of months according to your analysis?
It is not financial advice ⚠️
I wait for you in the comments🥳
#BNB #ETH #Avalanche #Binance #Solana
It is not financial advice ⚠️
I wait for you in the comments🥳
#BNB #ETH #Avalanche #Binance #Solana
SOL
32%
BNB
28%
ETH
22%
AVAX
18%
1039 röster • Omröstningen avslutad
Avalanche Price Prediction: AVAX Could Hit $100 By Late 2023
Avalanche (AVAX) is a Layer 1 blockchain that is designed to be scalable, secure, and decentralized. It has been gaining popularity in recent months and its price has increased significantly. Some experts believe that AVAX could hit $100 by the end of 2023.
There are a few reasons why AVAX could hit $100 by the end of 2023. First, the Avalanche network is growing rapidly. The number of validators on the network has increased significantly in recent months, and the number of dApps being created on the network is also growing. This growth is driving demand for AVAX, which could lead to an increase in price.
Second, AVAX is a deflationary asset. The Avalanche Foundation has a policy of burning 20% of all AVAX transaction fees. This means that the supply of AVAX is constantly decreasing, which could lead to an increase in price.
Third, AVAX is a well-funded project. The Avalanche Foundation has raised more than $350 million in funding, giving the project the resources it needs to grow and succeed. This funding could help attract new users and developers to the Avalanche network, which could lead to an increase in price.
Of course, there are also some risks to consider. The cryptocurrency market is volatile and the price of AVAX could fluctuate significantly in the short term. Also, the Avalanche network is still relatively new and there is a risk that it may experience bugs or security vulnerabilities.
Overall, the outlook for AVAX is positive. The project has a strong team, a well-funded ecosystem, and a growing user base. If these factors continue to improve, AVAX could hit $100 by the end of 2023.
Here are some additional factors that could contribute to an increase in the price of AVAX:
Widespread adoption of Avalanche by businesses and institutions: If more companies and institutions start using Avalanche, it will increase demand for the token and could lead to an increase in the price.
Positive news about Avalanche: If there is positive news about Avalanche, such as the launch of a new dApp or the announcement of a partnership with a major company, it could lead to an increase in demand for the token and could lead to an increase in price.
General growth of the cryptocurrency market: If the cryptocurrency market as a whole grows, it could lead to an increase in demand for all cryptocurrencies, including AVAX. This could lead to an increase in price.
It is important to note that these are just some of the factors that could contribute to an increase in the price of AVAX. The actual price of AVAX will depend on a variety of factors, including market conditions, investor sentiment and news about the project.
It is worth noting that it is not an investment advice, it is necessary that you investigate and make your own DYOR otherwise stay SAFU.
#Avalanche #avax
There are a few reasons why AVAX could hit $100 by the end of 2023. First, the Avalanche network is growing rapidly. The number of validators on the network has increased significantly in recent months, and the number of dApps being created on the network is also growing. This growth is driving demand for AVAX, which could lead to an increase in price.
Second, AVAX is a deflationary asset. The Avalanche Foundation has a policy of burning 20% of all AVAX transaction fees. This means that the supply of AVAX is constantly decreasing, which could lead to an increase in price.
Third, AVAX is a well-funded project. The Avalanche Foundation has raised more than $350 million in funding, giving the project the resources it needs to grow and succeed. This funding could help attract new users and developers to the Avalanche network, which could lead to an increase in price.
Of course, there are also some risks to consider. The cryptocurrency market is volatile and the price of AVAX could fluctuate significantly in the short term. Also, the Avalanche network is still relatively new and there is a risk that it may experience bugs or security vulnerabilities.
Overall, the outlook for AVAX is positive. The project has a strong team, a well-funded ecosystem, and a growing user base. If these factors continue to improve, AVAX could hit $100 by the end of 2023.
Here are some additional factors that could contribute to an increase in the price of AVAX:
Widespread adoption of Avalanche by businesses and institutions: If more companies and institutions start using Avalanche, it will increase demand for the token and could lead to an increase in the price.
Positive news about Avalanche: If there is positive news about Avalanche, such as the launch of a new dApp or the announcement of a partnership with a major company, it could lead to an increase in demand for the token and could lead to an increase in price.
General growth of the cryptocurrency market: If the cryptocurrency market as a whole grows, it could lead to an increase in demand for all cryptocurrencies, including AVAX. This could lead to an increase in price.
It is important to note that these are just some of the factors that could contribute to an increase in the price of AVAX. The actual price of AVAX will depend on a variety of factors, including market conditions, investor sentiment and news about the project.
It is worth noting that it is not an investment advice, it is necessary that you investigate and make your own DYOR otherwise stay SAFU.
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South Korean game publisher Neowiz is entering the #Web3 gaming arena through its division, IntellaX, and has joined Avalanche Arcad3, a collaborative Web3 gaming education program. Neowiz is the fourth top-100 gaming company by market cap to align with Avalanche, joining East Asian giants like Alibaba, Tencent, and GREE. This partnership aims to boost Neowiz's Web3 gaming expertise and create a thriving Web3 gaming industry.
Neowiz, a top-five game company in South Korea by market value, is known for its 25-year track record of popular titles like "Cats & Soup" and the highly anticipated "Lies of P," a souls-like game inspired by Pinocchio, expected to be a top seller in 2023, with Q2 2023 revenue already reaching $51 million. The collaboration between Neowiz and Avalanche Arcad3 will be officially sealed at Avalanche House Seoul 2023, a one-day conference within Korea Blockchain Week.
A recent Xangle research report highlights that nearly 70% of the top 100 gaming companies are based in Asia, with Korean companies leading the charge in blockchain game development. Avalanche Arcad3's first cohort includes TSM/Blitz, Shrapnel, Merit Circle, and Neowiz. This initiative offers in-depth content, technical support, networking, and more, positioning Neowiz to make a substantial entry into the exciting world of Web3 gaming. As Neowiz and #Avalanche Gaming join forces, they aim to lay the foundation for an immersive, high-quality Web3 gaming industry, driven by shared expertise and innovation.
$AVAX
Neowiz, a top-five game company in South Korea by market value, is known for its 25-year track record of popular titles like "Cats & Soup" and the highly anticipated "Lies of P," a souls-like game inspired by Pinocchio, expected to be a top seller in 2023, with Q2 2023 revenue already reaching $51 million. The collaboration between Neowiz and Avalanche Arcad3 will be officially sealed at Avalanche House Seoul 2023, a one-day conference within Korea Blockchain Week.
A recent Xangle research report highlights that nearly 70% of the top 100 gaming companies are based in Asia, with Korean companies leading the charge in blockchain game development. Avalanche Arcad3's first cohort includes TSM/Blitz, Shrapnel, Merit Circle, and Neowiz. This initiative offers in-depth content, technical support, networking, and more, positioning Neowiz to make a substantial entry into the exciting world of Web3 gaming. As Neowiz and #Avalanche Gaming join forces, they aim to lay the foundation for an immersive, high-quality Web3 gaming industry, driven by shared expertise and innovation.
$AVAX
Avalanche (AVAX) Surpasses $40: Expert Insights
AVAX’s price moved past $40, signaling an increase after confirming support in a long-standing horizontal zone. However, facing resistance at $40, if AVAX breaks out of this channel, it might decline towards the $33 support level.
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On February 10th, Avalanche (AVAX) surpassed the $40 mark after a 20-day rally. During this surge, the price found support in a long-standing horizontal zone. However, it remains within a shorter-term resistance level despite the upward movement.
Analyzing the Technicals: Avalanche (AVAX) Outlook
Weekly Technicals: Since January 22, the price of AVAX has been on an upward trajectory, finding support in a horizontal area that previously acted as resistance since May 2022. Despite this climb, AVAX has yet to surpass its 2023 high. The weekly Relative Strength Index (RSI) presents a mixed picture, hovering above 50 but declining over the past two months, occasionally dipping below the overbought threshold without recovery.
AVAX/USD Weekly Chart. Source: TradingView
Daily Outlook: On the daily timeframe, AVAX’s future direction remains uncertain due to conflicting price action. The recent uptrend since January 22 has unfolded within an ascending parallel channel, typically containing corrective moves. Although the channel resistance at the $40 level rejected AVAX’s price on February 10, the daily RSI indicates a bullish trend, rising above 50.
AVAX/SOL via Coinmarketcap
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Market Sentiment and Potential Scenarios
There’s speculation that AVAX’s price movement may mirror that of SOL, with potential follow-up if SOL experiences a surge. Reaction to the $40 level is crucial for AVAX’s trajectory. A successful breakout could propel the price by 23% towards the 2023 high at $50.
Conversely, a rejection at this level and a breakout from the channel could trigger a 16% decline towards the nearest support at $33. As of the latest update, AVAX is trading at $41.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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On February 10th, Avalanche (AVAX) surpassed the $40 mark after a 20-day rally. During this surge, the price found support in a long-standing horizontal zone. However, it remains within a shorter-term resistance level despite the upward movement.
Analyzing the Technicals: Avalanche (AVAX) Outlook
Weekly Technicals: Since January 22, the price of AVAX has been on an upward trajectory, finding support in a horizontal area that previously acted as resistance since May 2022. Despite this climb, AVAX has yet to surpass its 2023 high. The weekly Relative Strength Index (RSI) presents a mixed picture, hovering above 50 but declining over the past two months, occasionally dipping below the overbought threshold without recovery.
AVAX/USD Weekly Chart. Source: TradingView
Daily Outlook: On the daily timeframe, AVAX’s future direction remains uncertain due to conflicting price action. The recent uptrend since January 22 has unfolded within an ascending parallel channel, typically containing corrective moves. Although the channel resistance at the $40 level rejected AVAX’s price on February 10, the daily RSI indicates a bullish trend, rising above 50.
AVAX/SOL via Coinmarketcap
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Market Sentiment and Potential Scenarios
There’s speculation that AVAX’s price movement may mirror that of SOL, with potential follow-up if SOL experiences a surge. Reaction to the $40 level is crucial for AVAX’s trajectory. A successful breakout could propel the price by 23% towards the 2023 high at $50.
Conversely, a rejection at this level and a breakout from the channel could trigger a 16% decline towards the nearest support at $33. As of the latest update, AVAX is trading at $41.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#AVAX #Avalanche #Bitcoin #Altcoin #Cryptocurrency
