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A widely followed crypto analyst is expressing bullish sentiment toward a popular layer-1 altcoin. The pseudonymous analyst known as Bluntz tells his 232,600 followers on the social media platform X that the current price action of Avalanche (AVAX) is mirroring that of Bitcoin (BTC) as it was appreciating in October and November.
Even with the introduction of layer-2 solutions (L2s) to tackle Ethereum's scalability challenges, they haven't gained as much popularity among investors as expected. The appeal of independent networks like Avalanche lies in their smooth scalability and efficiency.
The Avalanche network has achieved a remarkable milestone, delivering a massive 13% surge, as seen on the AVAX/USDT chart. This significant uptrend highlights a popular market thesis: alternative layer-1 (L1) solutions are thriving, while Ethereum appears to be lagging due to scalability challenges.
The cryptocurrency market displays constant price volatility as major tokens record significant price movements in their respective values. Further, the Avalanche coin price has recorded a jump of over 9% in its value within the past 24 hours, resulting in the price on the verge of recording a new yearly high.
AVAX price rallied over 10% and traded above the $45 level. Avalanche is gaining pace and might soon clear the $50 resistance zone.
Recently, the smart contract platform tokens solana (SOL) and avalanche (AVAX), both considered layer one (L1) crypto assets, have been narrowing the gap with ethereum (ETH), the most prominent smart contract platform in terms of market valuation. Over the past month, solana has experienced a 42% surge, while avalanche has soared by 104%.
Market doldrums have continued to characterize the crypto market since late last week, with Bitcoin price rising to test $44,000 resistance and falling to confirm support at $40,000. Amid the uncertainties across the market, investors have been able to identify some of the top altcoins to buy in December while speculating not only on short-term gains but
Bitcoin price is back to chasing after its range high and most altcoins are following by hitting new year-to-date highs.
Amidst the dynamic resurgence of the cryptocurrency market, there's a buzz surrounding the potential ascent of two altcoins, Avalanche (AVAX) and Fetch.AI (FET). Experts in the field are painting an optimistic picture for these digital assets, suggesting a bullish momentum on the horizon.
A pittance punted on COQ shortly after its issuance has yielded a massive return for one on-chain trader.
Over five days, Avalanche users spent $13.8 million in fees for creating and moving tokens and NFTs via inscriptions, text added within regular blockchain transactions.
Polygon co-founder Sandeep Nailwal revealed in a recent post on X that the blockchain recorded over 161 million inscriptions. The inscription statistics shared by the co-founder place BNB in the second spot with 77 million inscriptions and Avalanche follows with 60 million.
A popular crypto analyst is predicting market corrections for Solana (SOL) and another one of Ethereum's (ETH) biggest competitors. Pseudonymous trader Altcoin Sherpa tells his 201,800 followers on the social media platform X that Solana is setting up to dip below $50, more than 31% from its current value.
In a whirlwind of blockchain innovation, the Avalanche network witnessed a staggering surge in transaction fees, exceeding a whopping $4 million within merely five days. This surge, attributed predominantly to the creation and transfer of tokens and non-fungible tokens (NFTs) through inscriptions, represents a revolutionary avenue gaining traction in the blockchain sphere.
Polygon's Sandeep Nailwal takes aim at Avalanche amid the latter's struggles with inscriptions.
Supply inflation dynamics have a meaningful impact on cryptocurrency investments. It is crucial to understand cryptocurrencies' tokenomics to gain a valuable edge over the market.
In recent developments within the bustling world of blockchain technology, Avalanche, a prominent player in the crypto ecosystem, has witnessed an unprecedented surge in user engagement. Over a span of just five days, Avalanche users have collectively shelled out a staggering $13.8 million in transaction fees specifically dedicated to minting and transferring inscription-related tokens, showcasing a remarkable rise in network activity.
Despite the fervor in memecoin trading, some trading firms suggest that recent market movements do not indicate an imminent correction in the short term.
This anonymous trader who turned a modest $454 into a staggering $2.19 million is making the rounds, highlighting the wild nature of meme markets. This particular instance centers around COQ token, an Avalanche meme token, which provided a 4,827-fold return on investment in just two weeks.
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
A well-known person in the blockchain world, famous for making good predictions about the market, is talking about two cryptocurrencies: Avalanche (AVAX) and Fetch.ai (FET). AVAX is all about smart contracts, and FET focuses on artificial intelligence.
Over the past five days, users of the Avalanche network have collectively paid more than $4 million in transaction fees. This significant expenditure is primarily attributed to creating and moving tokens and non-fungible tokens (NFTs) using inscriptions, a novel method gaining traction in the blockchain world.
A widely followed crypto trader is predicting more rallies for smart contract protocol Avalanche (AVAX) and artificial intelligence (AI)-focused altcoin Fetch.ai (FET). Pseudonymous analyst Altcoin Sherpa tells his 201,600 followers on the social media platform X that Avalanche is likely not yet done rallying.
In the last five days, users on the Avalanche blockchain have collectively paid $13.8 million in transaction fees for the creation and movement of tokens and NFTs using inscription-based technology. These unique tokens are generated by incorporating text into standard blockchain transactions, utilizing an off-chain numbering system for tracking.
