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Avalanche's (AVAX/USD) DEX volume is struggling even as DeFi protocols stage a comeback in 2023. These trends point to significant challenges in the ecosystem as it attempts to take market share from the likes of Ethereum, BNB Chain, Polygon, and Arbitrum. Avalanche DEX volume retreats Avalanche is one of the top Ethereum-killers in the industry.
Ava Labs President John Wu joins Yahoo Finance Live to discuss Roblox earnings, daily active users, immersion in the metaverse, users participating in building games, and blockchain as a service.
These seven comeback cryptos have favorable tailwinds that will make them soar once the market turns a corner.
With cryptos printing pensive price action ahead of key economic reports, investors should take a cautious approach to the sector.
Avalanche price analysis shows a positive trend in place with price action over the past 24 hours, as AVAX rose up to the $18 mark with a 4 percent incline. Avalanche price fell to as low as $16.83 yesterday, accumulating a 15 percent drop since February 9.
Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021's $15 billion peak to just over $900 million in November 2022.
Bitcoin fell to $21.4k in recent hours of trading. This miniature sell-off forced Avalanche to $17.78 to $17.08, and more losses could follow.
Avalanche price analysis shows a strong bearish move today, as the coin just beached the $17.26 support at the moment. The price has been falling for the past few days as bears dominate the market.
Cryptocurrency markets so far this year have seen a significant uptrend, which many have considered a reward for surviving the aftermath of the collapse of Terra-Luna in May 2022 and the significant losses caused by the unexpected fallout of cryptocurrency exchange FTX in November 2022.
Music NFTs gained the attention of many in early 2022 when Snoop Dogg released his collection on sound.xyz. Although music NFTs saw some growth at the end of last year, they have yet to gain traction in 2023.
According to the Avalanche price analysis, positive momentum is currently in motion. The bulls are effectively pursuing their strategy today as well, as the price of AVAX/USD has risen somewhat over the past several hours.
The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?
Regulatory concerns are raining on the parade of crypto investors.
Bitcoin [BTC] fell beneath the $23k mark over the past few hours of trading. At the time of writing, much of the crypto market stood in the red for the day.
Amazon's upcoming entry into the NFT market could have potential implications for Avalanche, Ethereum, and Polygon.
According to the latest data from Artemis, the majority of GMX‘s activity has shifted from Avalanche [AVAX] to Arbitrum. This shift has raised concerns about the potential impact on Avalanche, as GMX is currently the largest perp by market cap and outperforms many of its competitors in terms of Total Value Locked (TVL).
Large banks, entertainment companies are looking to develop Web3 strategies, AWS' Web3 head says
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.
Avalanche's [AVAX] recovery could be limited despite improved investors' confidence. The asset recently dropped from a high of $22.8 to a low of $19.4, a 14% plunge.
Millions of crypto donations are pouring into Turkey following devastating earthquakes. Major donors include Avalanche, an open source decentralized blockchain, and Bybit, a crypto exchange.
Key Points: In order to increase lending market transparency and on-chain verification, Chainlink's Proof of Reserve feature is now accessible on the Aave lending platform running on the Avalanche blockchain. The integration will enable transparency for tracking the financial health of liquidity pools on the Avalanche-based Aave platform that contains wrapped tokens like AAVE.e, DAI.
After witnessing an explosive rally in January, a majority of major cryptocurrencies are experiencing high volatility or consolidation in the second month of 2023. A sideway rally in the crypto market could be a sign of exhausted bullish momentum and a potential correction in several crypto coins.
AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum.
Although cryptos got off to a stellar start in the new year, a strong jobs report and its implications have pressured the market.
