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It was a sea of red in the cryptocurrencies industry on Sunday as Bitcoin plunged below the resistance at $65,000. Bitcoin has plunged hard, a few days after it moved to an all-time high of $73,000. Most cryptocurrencies were in the red.
Solana, dubbed as the “Ethereum Killer,” continues to defy market odds with its relentless bullish march. Despite the broader market shedding gains, Solana shows no signs of slowing down.
Positive sentiment around Avalanche surged as its value went up by 22% in the last 24 hours.
In a tumultuous turn of events, the cryptocurrency market has been rattled by a sharp decline in Bitcoin prices. After a sustained period of remarkable gains and record highs, Bitcoin has plunged to a weekly low of $65,000, marking a significant setback for investors.
However, the foundation's investment in five meme coins – COQ, KIMBO, GEC, and TECH – has also been impacted by the market correction, putting these coins at risk. Avalanche Foundation's Meme Coin Portfolio Faces Market Correction The Avalanche Foundation has embraced meme coins as part of its portfolio, directly supporting coins like KIMBO, COQ, GEC, TECH, and NOCHILL within the AVAX cryptocurrency ecosystem.
The Avalanche Foundation recently disclosed its acquisition of five community (meme) coins native to the Avalanche blockchain network, part of its ongoing Culture Catalyst program aimed at fostering Web3 creators, driving innovation, and enhancing blockchain adoption.
Amidst the flurry of regulatory challenges and market uncertainties, Binance Coin (BNB) has emerged as a beacon of stability and resilience. Powered by the robust ecosystem of Binance, the world's largest cryptocurrency exchange by trading volume, BNB has defied expectations and surged to new heights, surpassing the $600 mark with eyes set on reclaiming its all-time high.
The move is part of the Avalanche Foundation's ongoing Culture Catalyst Program that aims to support Web3 creators, drive innovation, and promote the broader adoption of Avalanche.
In a remarkable turn of events, Avalanche's native token AVAX has witnessed a resurgence, reaching transaction volumes not seen since December 2023.
The Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022.
Binance Coin is the other notable gainer from the largest alts, while SHIB and DOGE are down by 3%.
While Avalanche saw a pullback from the $56 resistance due to the Bitcoin price drop, Solana did not slow down its bullish march.
In a groundbreaking development shaking up the crypto world, the Avalanche Foundation has made waves with its recent acquisition of five native meme coins within the Avalanche blockchain network. This strategic move is part of the Foundation's ongoing Culture Catalyst program, aimed at championing Web3 creators, driving innovation within the Avalanche ecosystem, and propelling broader adoption of blockchain technology.
Bitcoin continues to drag altcoins higher.
Can Avalanche Foundation's entry into token investments igniting a market surge?
Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
The popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is experiencing a significant price decline, having lost around 19% of its value in the last seven days amid a wider cryptocurrency market correction. The drop has seen SHIB lose its position among the top 10 cryptocurrency by market capitalization.
Here are three of the best high-growth cryptos long-term investors may want exposure to, if one thinks this rally will continue.
The Avalanche Foundation has announced its acquisition of five community (meme) coins native to the Avalanche blockchain network, as reported in a recent blog post. This move is part of the Foundation's ongoing Culture Catalyst program, which aims to support Web3 creators, drive innovation on Avalanche, and promote broader blockchain adoption.
Investing in cryptocurrency can seem overwhelming, especially with so many options. Making the right choices amidst a sea of options can be daunting. But fear not, as cryptocurrency expert Altcoin Buzz offers straightforward advice to navigate the market and seize opportunities during this bullish period.
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
While Avalanche's current large transaction volume is far from the peak in the last bull run, the uptick indicates a bullish trend and a positive sign for market participants.
The holdings include meme coins such as Coq Inu, Gecko, Kimbo, NoChill, and Tech, as part of its Culture Catalyst program.
A closely followed crypto trader is flipping bullish on Sam Altman's identity-focused crypto project Worldcoin (WLD). Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that artificial intelligence (AI)-related Worldcoin appears like it could flip the $10 level into support.
