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Tencent Cloud, a subsidiary of technology company Tencent, announces to actively support Web3 developments and contribute to the sustainable development of the global Web3 community. The cloud service company has partnered with crypto platforms including Ankr, Avalanche, Scroll, and Sui for improvements in the Web3 ecosystem.
This article looks at $GMX — the governance and utility token of GMX, a popular decentralized exchange that runs on Arbitrum and Avalanche — and some notable names that have been accumulating it lately.
The Avalanche ($AVAX) network is set to onboard up to 50 million new users into the cryptocurrency space through its recent partnership with Loco, a leading esports and live-streaming platform that's building a suite of Web3 products through it.
Avalanche price analysis remains bullish, as price claimed the $21 resistance point over the past 24 hours to move up to $21.59, before settling at the $21 mark. AVAX has been trending upwards since February 17, rising from $18.27 to the current high.
On 21 February, Avalanche [AVAX] announced its partnership with the Indian game streaming platform Loco, to launch an NFT marketplace for Esports fans. Titled Loco Legends, the metaverse platform will allow users to collect and trade digital collectibles of Esports superstars.
According to a 20 February tweet by Artemis, the overall number of protocols on the Avalanche [AVAX] network increased. However, this spike in the number of protocols on the network did not have the desired effect.
According to the report, SBI VC Trade would reward Polkadot staking at an annual rate of 13.9 percent. This will be the highest level in Japan.
Avalanche, a Layer-1 smart contract blockchain, announced in a recent tweet that Loco, India's largest esports streaming platform, will onboard its over 50 million users to Avalanche with the launch of LegendsByLoco, an NFT marketplace for esports fans worldwide.
Popular crypto strategist Michaël van de Poppe is predicting bullish continuations for a handful of altcoins, including Avalanche (AVAX), Polygon (MATIC) and Chainlink (LINK). Van de Poppe tells his 649,000 Twitter followers that he believes the trend for smart contract platform Avalanche is still up, despite its recent pullback.
Loco is actively developing a package of Web3-focused products to offer exclusive fan experiences with the use of a custom subnet on Avalanche.
AVAX Daily recently posted weekly highlights of the Avalanche ecosystem, revealing AVAX's performance on several fronts during the last seven days.
Avalanche price analysis confirms that a bullish trend has been dominating the market. The token has seen an impressive increase in its price and is currently trading around $21.23, up by 4.43% in the past day alone.
Avalanche price analysis appears to be following a strong bullish movement with the price going up, expecting to reach new highs. In the last 48 hours, the price has risen to a significant degree.
“Decentralized Finance on the Rise: Aave, Avalanche, and TMS Network Taking the Lead” After a rough 2022, crypto markets are starting to recover in early 2023.
Given that the price is currently rising, the Avalanche price analysis displays optimistic momentum. Bulls were able to raise the price and re-challenge the $20 resistance after the price suffered a significant drop on February 16, 2023, to $18.56.
Today, Feb. 17, 2023, two decentralized finance (DeFi) protocols on Avalanche (AVAX) blockchain were attacked by malefactors. It looks like on-chain researchers managed to find at least one hacker.
The Platypus exploiter took away a profit of nearly $8.5M. The blockchain security platform SlowMist reported the incident on its Twitter channel.
Avalanche price analysis shows a downtrend in the price of AVAX. After opening at today's low of $19.66, the coin has been in a steady decline, losing more than 4.19 percent of its value since then.
The token's jump up coincided with the break of resistance at 55.00 on the RSI but at the moment the strength is not sufficient to continue the action taken.
Platypus DeFi has suffered a flash loan attack, losing about $8.5 million to the attacker. The unfortunate news has crashed the price of the project's Platypus USD (USP) token by over 52 percent in the past 24 hours.
The DeFi application Platypus Finance has suffered a $9 million attack, according to a series of tweets from the blockchain security firm CertiK on February 16.
Avalanche price analysis shows its continued bearish trend in place, after price lost around 2 percent over the past 24 hours to drop as low as $19.45. AVAX has been struggling to break the $20 resistance since falling from this point yesterday and could yet be facing another rejection around this mark.
Polygon rallied to a ten-month high on Thursday, as the token rose for a third straight session. Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing. Avalanche also surged, hitting a one-week high.
Such activity came even as the TVL of DeFi on Avalanche slipped from a peak of $15 billion in 2021 to just over $900 million in November 2022.
