Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The crypto market witnessed a sudden uptick as the First Republic Bank is rumored to collapse, accentuating the US banking crisis. This buying pressure encourages a majority of major cryptocurrencies to undermine the mid-April sell-off and recuperate the bullish recovery.
A substantial amount of AVAX, the native token of the Avalanche network, is set to be unlocked in the coming month. According to K33 Research, formerly known as Arcane Research, this unlocking event would very likely cause a negative impact on the value of the cryptocurrency.
Avalanche witnesses a hike in revenue and activity, however, the token doesn't see improvement. The future token unlock may play a key role in the future of AVAX's prices.
Avalanche price analysis reveals movement indicating a pronounced downward trend, with the price continuing to decline and potentially reaching new lows. Within the past 48 hours, there has been a substantial decrease in price, with a sharp drop from $18.1 to $16.6 on April 26, 2023, followed by a subsequent uptick in momentum.
If you're a cryptocurrency enthusiast, you probably know that Circle is the creator of US Dollar Coin (USDC). And, boy, do they have some exciting news for you!
Avalanche (AVAX) price slumped 23% in the past week. But excess market supply suggests the bearish momentum surrounding AVAX could linger.
Circle launches USDC cross-chain transfer protocol across Ethereum and Avalanche, cutting off the use of third-party bridges.
The Avalanche price analysis is bullish as the bullish momentum continues, and the price is on the rise today. The coin is again maintaining its former price level of the last month as selling pressure is present above $17.6, and bulls are unable to retain the gains made after April 12, 2023.
Circle Protocol has announced the implementation of stablecoin transfers between Ethereum and Avalanche networks, enhancing liquidity and interoperability in the DeFi ecosystem.
USDC stablecoin is on the bright side of the news spectrum today, April 26, as the founding company Circle hits a significant milestone with the launch of its cross-chain transfer protocol (CCTP) on Ethereum and Avalanche.
Avalanche price analysis shows a volatile downtrend taking shape, as price dropped as low as $16.28 today. Following a positive sight over the past few days, AVAX recovered up to $17.72 after initially dropping heavily from $21.52 on April 19.
Circle, the issuer of USDC, announced on Wednesday that it is making its permissionless cross-chain transfer protocol (CCTP) available to developers building on Ethereum and Avalanche. As a result, USDC can now be transferred more securely and efficiently between the two chains using Circle's burn-and-mint mechanism, as opposed to the traditional lock-and-mint approach.
Circle's CCTP allows for more secure USDC transfers between Ethereum and Avalanche by using a burn and mint mechanism instead of cross-chain bridges.
The Cross-Chain Transfer Protocol allows USDC transfers between Ethereum and Avalance.
The Avalanche blockchain is currently under the crypto community's radar. Recent reports indicate that Ava Labs, the for-profit company behind the Avalanche blockchain, has employed an army of thousands of false “astroturf” social media accounts to misrepresent public opinion.
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.
Avalanche now runs on a single consensus engine after Cortina implemented changes to the C-Chain and X-Chain.
According to Avalanche, the most important optimization as part of the Cortina Upgrade will be linearization of the X-Chain, used for sending and receiving funds.
Cortina upgraded to latest version of Avalanche Go v1.10.0, bringing changes to help optimize the network for developers.
At the Game Developer's Conference in San Francisco, Ava Labs' Head of Gaming Ed Chang spoke with Decrypt's Kate Irwin about Ava Labs' approach to Web3 gaming, building games on Avalanche, and gave his thoughts on what the coming months and years will look like for the ecosystem.
Avalanche [AVAX] inflicted over 20% losses to HODLers since 18 April. But the downtrend steadied near $16 - Will sellers take a break?
TL;DR Breakdown Avalanche price analysis suggests sideways movement before falling to $16.00 The closest support level lies at $17.00 AVAX faces resistance at the $17.30 mark The Avalanche price analysis shows that the AVAX price action continues to consolidate around the $17.00 mark as either side struggles to gain momentum.
AVAX's price action demonstrated uncertainty and low confidence in the bulls. This meant there was a possibility that AVAX could still extend its downside.
Avalanche price analysis shows the downward descent seems to have held, with price picking up some positive momentum just below the $17 mark. AVAX dropped as low as $16.52 yesterday, after declining more than 25 percent since last week from a month-long high of $21.52.
