AVAX On-Chain Metrics Surge Amidst Upcoming Token Unlock Event: Data
Avalanche is seeing renewed growth in terms of addresses and transactions on the network.
Keep up with what's happening in the crypto world in real-time.
Avalanche is seeing renewed growth in terms of addresses and transactions on the network.
For investors looking to play this Q4 Crypto rally in the sector, here are three of the top cryptos to consider for the long-term.
The total number of non-zero addresses on Avalanche climbed above 6 million. AVAX recorded gains of 4.1% in the 24-hour period.
The Nubank (NYSE:NU) Cripto crypto currency trading platform is currently evolving, and is announcing today five new options for Nubank customers.
After a few days of high volatility, the cryptocurrency market showed low volatility on November 23. As it happens, trading volume plummets, reflecting a momentary lack of speculative open interest in long and short positions.
Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks can have on the price. Depending on the size of the unlock, it could trigger a market crash as millions of new coins roll into circulation and are dumped on retail.
The altcoins are shaking off the bad vibes after taking a hit due to Binance pleading guilty against the recent criminal charges. Quickly regaining the lost momentum, the AVAX price trend resurfaces above the lost level of $20 with a strong bullish candle.
Around $36 million worth of AVAX and Polygon has been moved to the Binance exchange. FTT has gone up by over 30% in the last 24 hours.
Taking to X on November 22, one user, @kevinsekniqi, notes that the Avalanche C-Chain is burning roughly $12.65 of AVAX every second, a development that could be a massive boost for AVAX in the long term. The surge in AVAX burning on the C-Chain is primarily due to the launch of inscriptions, which permit storing data on the Avalanche's C-Chain, pushing the number of AVAX being taken out of circulation.
The sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels.
The Avalanche (AVAX) price broke out from a 455-day descending resistance trend line two weeks ago.
FTX Derivatives Exchange has made a new round of token transfers — but in a subtle way that almost no one noticed. According to data from Lookonchain, the bankrupt digital trading firm moved approximately $36 million in the past 24 hours, with Polygon (MATIC) and Avalanche (AVAX).
Fundamentally, cryptos face a significant wall of worries. As loyal as the ardent blockchain supporters can be, money is not an unlimited resource.
Renowned crypto lawyer John Deaton has unveiled his roster of top-performing assets anticipated to shine in the upcoming bullish market, with XRP emerging as a prime contender. In a recent X post, Deaton engaged the crypto community, seeking their top ten picks for the next 12 months.
AVAX showed a strong bullish intent with i The post AVAX rallies past $20 - Is another 50% gain around the corner? appeared first on AMBCrypto.
DEX volumes on Avalanche surged. AVAX faced a correction as sentiment began to decline.
Avalanche has seen a significant increase in its market value this year. The token has grown substantially with impressive monthly, year-to-date (YTD), and yearly gains.
Colony Lab, an Avalanche ecosystem accelerator, has announced a validator and sustainability program that will be anchored by more than 500,000 AVAX tokens. The initiatives are meant to support the next growth stage in the Avalanche (AVAX) ecosystem, the platform wrote in a Medium post.
Colony Lab will set up a network validator and invest in an index that tracks prominent Avalanche projects.
As the November 24 date approaches, Avalanche (AVAX) investors are cautiously anticipating an upcoming unlock of nearly 10 million tokens that could have a significant impact on the market. The scheduled event will release 9.54 million AVAX, representing approximately 2.68% of the circulating supply.
After a comfortable month-long rally, Avalanche's daily chart turned red. AVAX's funding rate declined along with its price.
Bitcoin isn't the only crypto posting stellar gains this year. Check out these low-priced alternatives.
A new brand of crypto collectibles — similar to Bitcoin Ordinals — has apparently hit Avalanche, and it's responsible for more than 95% of its daily on-chain transactions.
The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price.