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The Avalanche[AVAX] ecosystem shared the weekly status report of activities on its C-chain. One of the major highlights was the big jump in transactions per second (TPS) clocked in by the network.
How is the price of the Avalanche (AVAX) crypto performing? Is it continuing the bullish momentum of recent days? And what is the outlook for the future? Below are all the answers.
The Avalanche blockchain might be the latest network to experience downtime. The network reportedly stopped producing blocks for almost an hour in the last 24 hours.
Avalanche traded within a range on the price charts, and the $16.4 support zone has been defended multiple times in March. The halted block production on 23 March saw AVAX bulls stopped near the $17.6 zone.
Bitcoin price is making another run at $28,000 and this is luring altcoin traders into XRP, LTC, XMR and AVAX positions.
Avalanche[AVAX] has been struggling to gain users on its protocol over the last few months. However, the dApps on the Avalanche network might be able to help the protocol improve its current situation as they have seen progress.
Avalanche price analysis is on a massive uptrend today, with bulls pushing the price up by over 1.44%. The bullish momentum has been driven by a surge in demand for the digital asset, with many investors looking to capitalize on its potential.
With a few brief retraces of the bullish momentum here and there, the Avalanche price analysis is presently leaning bearish. The price has dropped to $16.78 as a result of the bearish progress.
TYB is now available on the Shopify App Store, making it the “first” end-to-end Web3 community-powered loyalty solution available to Shopify's merchants through an Avalanche-based platform.
Avalanche price analysis shows price continuing to trend sideways to remain below the $18 resistance point. Over the past 24 hours, AVAX dropped 3 percent to move back to the $17 mark, after last getting rejected at the current resistance on March 18.
The C-and X-chains of Ethereum (ETH) challenger Avalanche (AVAX) briefly went down as the network upgraded to a new software version. The X-chain, the exchange chain of the blockchain used to transfer funds, slowed down and processed only a few transactions leaving it virtually unusable.
The crypto markets have once again turned green today, with many coins reclaiming levels close to their yearly highs. Bitcoin's price is currently hovering above $28,000, displaying the accumulated strength within the crypto space that may soon lift the entire market even higher.
Layer-1 blockchain Avalanche suffered network outages on its X-Chain and C-Chain in the early hours of Thursday. The fault resulted in a decline of the network's native coin, AVAX.
There were indications of a shutdown in the Avalanche [AVAX] blockchain on 23 March, raising concerns about the feasibility of the network's transactions and the value of AVAX.
Avalanche AVAX price experienced a decline in late March 22. The token dropped from $17.89 to about $16.5 in less than 3 hours triggering shockwaves among AVAX investors seeing that the token has been doing quite well recently. AVAX has however recovered from the fall although it is yet to reclaim its $17.89 price level.
The Avalanche C-chain recently experienced a temporary halt in block production, which lasted for about an hour. The Avalanche blockchain explorer indicated that the latest block time was 7:26 UTC+8, with a block height of 27,788,298.
Avalanche chains X and C experienced brief outages and a period of degraded performance on March 23, as the result of a bug in the network's 1.9.12 version.
The AVAX token of the Avalanche network experienced a slight decline following an outage of nodes on its X and C chains due to errors in newly-released software. Uniquely, the Avalanche platform uses three distinct blockchain networks: C-chain, X-chain, and P-chain.
Avalanche's AVAX token fell slightly in value after nodes on the protocol's X and C chains went offline due to bugs in new software that had been pushed out.
On-chain data shows that transactions sent over X-Chain are lagging, while C-chain has recovered from an earlier outage.
The Solana (SOL) network has seen 26.5% growth in total value locked (TVL) since the dawn of 2023, crossing the $259 million mark.
AVAX price is holding the key $16.00 support zone. The price might start a major increase if there is a clear move above the $17.80 resistance zone.
Avalanche price analysis shows price embarking on potentially another bearish run, after another dip of more than 4 percent took price to as low as $16.14. After being in decline for more than a month since mid-February, AVAX price picked up to $17.76 on March 14.
The total value locked (TVL) on the Solana ($SOL) network has grown over 26.5% since the beginning of the year to surpass $259 million, even after the collapse of FTX and its sister firm Alameda Research, which were known SOL proponents and heavily damaged the network's reputation.
