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.
FTM's $0.88 price level could test investor confidence amid liquidation risks.
Bitcoin (BTC) didn't bring much holiday cheer to investors as it remained under $100,000. BTC has been marginally down over the last 24 hours and is trading at around $98,100.
Sonic Labs announced on Dec. 25 that its official Sonic Gateway can now bridge FTM tokens from Ethereum to S tokens on the Sonic mainnet. The gateway will also allow the transfer of Euro Coin (EURC), USD Coin (USDC), and Wrapped Ethereum (WETH).
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.
Newly launched Fantom spinoff Sonic Chain has finally released its Ethereum bridge dubbed the amid its sustained expansion drive. Announced on its X page, the protocol said the new gateway can help user bridge assets like USDC, EURC, WETH, and FTM from Ethereum to Sonic.
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.
Fantom is set to rebrand as Sonic (S) in early January 2025.
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.
The delisting of Fantom and the formal introduction of Sonic tokens with a 1:1 token swap ratio in 2025 are both announced by Binance.
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.
Fantom shows promising momentum as bullish metrics fuel its potential market breakout.
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.
Fantom (FTM) price is down over 12% in the last 24 hours as the network transitions to its new token, Sonic. This sharp decline has intensified FTM's ongoing downtrend, with technical indicators like the ADX highlighting strengthening bearish 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.
Fantom, now rebranded as Sonic Labs, has finally launched the Sonic Protocol, a high-throughput, EVM-compatible layer-1 blockchain platform, on the mainnet. This launch is designed to offer developers attractive incentives and powerful infrastructure to build functional Decentralized Applications (DApps).
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%.
A crypto analyst on TradingView, known as ‘Tradecitypro,' has published a detailed Fantom (FTM) report, breaking down the cryptocurrency's price action across the daily and 4-hour timeframe. After accurately predicting Fantom‘s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTM's next parabolic trend.
Avalanche9000 introduces customizable staking, gas fees, tokens, and geo-restrictions, offering developers more control over their Layer 1 blockchains.
Fantom (FTM) is showing promising signs of recovery as it gears up for a major upgrade. The cryptocurrency recently surged by 16% on December 15 in anticipation of its rebranding and the rollout of the Sonic mainnet.
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.
Bitcoin (BTC) surged past $107,000, reaching a new all-time high of $107,780 after President-elect Donald Trump reiterated his plans to create a US Bitcoin strategic reserve similar to the country's strategic oil reserves. BTC is up 2.42% over the past 24 hours and 10% over the past week as its post-election rally continues.
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.
Whales accumulated 24M FTM tokens ahead of the Sonic upgrade.
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.
The markets began the weekly trade on a bullish note after the price of Bitcoin recorded a new ATH above $106.6K. This triggered a massive upswing in some altcoins, while others chose to trade within a narrow range.
The cryptocurrency market witnessed a significant upswing on December 16, with Bitcoin (BTC) hovering around $105K at press time. Earlier, BTC reached an all-time high of $106,400. The broader market followed suit, as major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), recorded steady gains.
Today, the crypto prices reflect bullish momentum as Bitcoin (BTC) touched a historic all-time high of $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also witnessed gains over the last 24 hours.
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.