CoinDesk 20 Performance Update: AVAX Surges 12.8%, Pushing Index Higher
The CoinDesk 20 jumped 4.2% over the weekend with all but one asset in the green.
Keep up with what's happening in the crypto world in real-time.
The CoinDesk 20 jumped 4.2% over the weekend with all but one asset in the green.
Avalanche (AVAX) is gaining bullish momentum after days of uncertainty and fear in the market. Following a sharp decline, AVAX has surged more than 18% since hitting a low of $20.5 on September 6 and is now showing signs of strength as it flirts with higher prices.
Avalanche (AVAX) has emerged as the top performer among the top 20 cryptocurrencies, recording a significant 6% price increase in just the past 24 hours. This impressive gain comes amidst a generally sluggish market, raising questions about whether AVAX can sustain its momentum and potentially reach the $32 mark.
The crypto markets seem to move in a compact manner, but by analyzing the individual projects, significant differences are discovered.
Avalanche outperformed all the cryptos in the top 20 list in terms of price gains in the last 24 hours.
TL;DR Rapid Growth: Avalanche (AVAX) has quickly become one of the top 15 cryptocurrencies, thanks to its scalable and eco-friendly proof-of-stake consensus mechanism. Price Surge: AVAX's price has soared since its debut, attracting significant interest from investors and crypto enthusiasts, with predictions suggesting continued growth.
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
This collaboration is set to introduce a new paradigm in the entertainment industry. It will tokenize a slate of six upcoming Pressman films on the Avalanche blockchain.
Users of investment platform Republic on Avalanche will be able to buy into a slate of films, with perks including producer credits and set visits.
The markets continue to experience volatility, and investors seek some crypto to sell to protect their portfolios from further potential losses. While some crypto assets show signs of surging in price, others are flashing signs of further drops, falling victim to the bear market.
The price of Avalanche (AVAX) has dropped significantly and is nearing the bottom of the chart. The altcoin has fallen to a low of $17.35 and could fall further.
Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
Avalanche (AVAX) is currently trading at a crucial level after a 24% retrace that began last week. The crypto market is experiencing extreme fear and uncertainty, with most altcoins hovering near yearly lows.
Avalanche (AVAX) have raised significant concerns about its future price trajectory. Despite some positive on-chain metrics, a closer look at market behavior reveals a troubling pattern that could lead to a further drop, potentially hitting $11.
Avalanche has announced a major network upgrade as the high-performance blockchain platform eyes further growth within the crypto ecosystem.
The crypto market is a sleeping giant, ready to awaken with earth-shattering force. As whispers of the next bull run grow louder, retail investors are turning their attention to altcoins – the hidden treasures of the digital asset world.
Recent activities by AVAX whales do not signal increased buying interest; in fact, they indicate a withdrawal.
TL;DR Taiko will be conducting a large token release with its community airdrop, increasing the TAIKO supply by 15.8%. Immutable will unlock $40.92 million in tokens on September 6, earmarked for project development. Cheelee and MODE will also experience significant token unlocks, with potential negative impacts on their prices.
Avalanche (AVAX) price has entered a downward trend, mirroring broader market downturns. Other cryptocurrencies have also experienced declines in value.
The market leader, Bitcoin price has plunged below the $58,000 level during the early Asian trading hours. Following this, top altcoins have recorded a huge drop in their respective portfolios. This has further raised speculations of the possibility of a bearish September.
The cryptocurrency market lost $190 billion last week amid a sharp correction, bringing the global crypto market cap to $2.07 trillion by the end of the week.
Bitcoin's failure to maintain above $60,000 is pulling altcoin prices toward their recent swing lows. What will it take to turn the market around?
Crypto's mainstream acceptance and adoption continue to grow. The latest is Hashkey Exchange, a Hong Kong-based exchange, receiving the green light to sell Avalanche (AVAX) and Chainlink (LINK) to retail investors. Before this, only Bitcoin and Ethereum were offered to retailers.
Avalanche (AVAX) has been struggling, witnessing a notable drop of 11.89% over the past month. Despite a minor uptick of 1.61% in the last seven days, the cryptocurrency remains far from its recent highs, with its current price sitting well below its all-time high (ATH) from three years ago.