Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
The crypto markets are juggling within a small range, unable to rise above the resistance while defending the support during every bearish attack. Besides, the volume of the token has been slashed heavily, due to which cryptos like Avalanche have become less volatile.
In line with the general crypto market, Avalanche (AVAX) has experienced significant market correction over the past two weeks following an extended price rally. With the altcoin's price now hovering around the $36 price zone, recent market predictions have highlighted a critical market condition needed to avoid a complete collapse of AVAX's bullish structure.
Cryptocurrency analysts of Coinidol.com report, Avalanche (AVAX) has fallen below the moving average lines and closed below the 50-day SMA.
Bitcoin's repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
The crypto markets are heading towards the end of the yearly trade that has been historically bullish, even in times of a bear market. Meanwhile, the current trend suggests the buyers have been facing extreme exhaustion at the moment, which suggests the yearly close may not be as bullish as expected.
AVAX price is poised for a bullish run as Avalanche emphasizes its capped supply and fee burn model, drawing comparisons to Bitcoins scarcity. Analysts predict potential highs of $64.04 and $79.77 as market interest surges.
Bitcoin's recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
The speculations over a potential AVAX price rally soared as Avalanche founder Emin Gun Sirer drew parallels to Bitcoin's capped 21 million supply. Highlighting AVAX's maximum supply of 715.74 million and its deflationary mechanism of burning transaction fees, Sirer contrasts it with Ethereum's uncapped supply.
TL;DR Asset tokenization is revolutionizing the connection between blockchain and traditional finance. Chromia, MakerDAO, and Avalanche stand out for their innovation, addressing scalability, transparency, and efficiency in tokenization. These initiatives could redefine markets by 2025, making assets more accessible, secure, and efficient.
Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
The latest price analysis by Coinidol.com report, Avalanche (AVAX) has failed to break above the $55 resistance level.
Avalanche's native token, AVAX, has experienced a dramatic downturn, shedding 29.12% of its value over the past week. In the last 24 hours alone, it plummeted by 14.05%, leaving investors concerned about its future.
Bitcoin rebounds toward $100K, boosting top altcoins BNB, ADA, and AVAX. Key levels to watch as technical setups hint at sharp moves ahead.
AVAX could be on the verge of reclaiming bullish market momentum.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
In a recent BeInCrypto-hosted discussion, Sofia Pashnina brought together representatives from Avalanche and Uplink to explore the potential of decentralized physical infrastructure networks (DePIN).
Internet Computer also fell 3.7%, joining Avalanche as a top underperformer.
Cardano (ADA) and Avalanche (AVAX), two popular altcoins, are experiencing notable corrections this week, with prices continuing to trend downward on Wednesday. Cardano has corrected by nearly 7%, while Avalanche is down over 8% since the beginning of the week.
Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
The Avalanche Foundation has recently launched a groundbreaking update for its network, called mainnet Avalanche9000. Presented as the “biggest network update”, it promises to reduce deployment costs and C-Chain fees by over 90%.
Avalanche9000 introduces customizable staking, gas fees, tokens, and geo-restrictions, offering developers more control over their Layer 1 blockchains.
Avalanche has launched its Avalanche9000 upgrade, significantly reducing the cost of launching layer-1 blockchains and smart contracts.
Avalanche's ‘biggest network upgrade' Avalanche9000 went live on the mainnet on December 16. However, AVAX's reaction to the upgrade has remained muted, as the altcoin appears poised to keep declining.
The Avalanche Foundation announced its ‘biggest network upgrade' in the form of Avalanche9000 mainnet. The new upgrade reduces deployment costs and C-Chain fees by more than 90%.
Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, has recently listed his top five favourite cryptocurrencies. The first on Markus's list is Dogecoin, which is quite expected since he is one of its creators.
Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record.
The much-anticipated Avalanche9000 upgrade is finally live on the Avalanche mainnet. According to the announcement on X, this will upgrade is crucial in ushering in a larger number of Layer-1 blockchains on the mainnet.
Avalanche (AVAX) launched its Avalanche9000 upgrade, transforming C-Chain and subnets. The project aims to draw in new app creators with a simplified, cheaper process of launching a L1.
The much-anticipated Avalanche9000 upgrade introduces improvements that make it cheaper and easier to launch “subnet” blockchains.
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.
The technical changes are designed to attract developers to the ecosystem and let them create their own customized blockchains, known as subnets.
Bitcoin institutional adoption surges, MicroStrategy makes another massive BTC purchase, and Avalanche secures major funding in today's edition of the weekly recap. U.S. Bitcoin ETFs breach $50.
Avalanche has consolidated over the past two weeks. With a bearish crossover, AVAX might decline before a breakout.
The price of Avalanche (AVAX) has continued its uptrend and recovered above the 21-day SMA support.
This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million.
Avalanche (AVAX), a prominent competitor to Ethereum (ETH), has secured $250 million through a token sale with backing from Galaxy Digital, Dragonfly, and ParaFi Capital.
Avalanche (AVAX) has faced substantial price fluctuations recently, but its recovery has generated hope for a potential breakout. After a sharp decline earlier in the week, AVAX has gained significant momentum, rising by 13.28% in a single day.
Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. According to a new announcement, Avalanche says that more than 40 companies participated in the sale, including SkyBridge, Hivemind and Morgan Creek Digital.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
Avalanche has just raised a towering $250 million in a private crypto sale for the network's Ethereum-challenging blockchain. Lead investors Galaxy Digital, ParaFi Capital and Dragonfly were joined by more than 40 investment firms including Anthony Scaramucci's SkyBridge Capital and AI/crypto investment firm Morgan Creek Digital.
Avalanche (AVAX) has ignited excitement with a major announcement that could significantly impact users and the broader cryptocurrency sector. In a post on X, the Avalanche Foundation outlined a timeline regarding its much-anticipated upgrade.
The $250 million secured by Avalanche Foundation will be used to advance its Avalanche9000 upgrade to revolutionize blockchain scalability and adoption.
With the Avalanche9000 launch set to transform the Avalanche blockchain and expert AVAX price predictions signaling bullish momentum, what's next for AVAX?
Avalanche (AVAX) raised another $250M in a private funding round, its biggest financing injection so far.
Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s.
AVAX has rebounded 13.28% to $50.08 after finding support at $41, as retail buying offsets recent whale selling pressure while network adoption continues to grow.
AVAX could see a significant surge soon, provided buying activity picks up.