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On January 4, 2024, Grayscale Investments strategically reshaped its Digital Large Cap Fund portfolio, as revealed in its SEC filing. The firm incorporated XRP and AVAX, influenced by XRP's legal resolution and CNBC visibility.
This increase happened after the price bounced off a technical support line. Now, let's dig into why Avalanche's price is up today.
The shifting allocations impact Grayscale's Digital Large Cap Fund, DeFi Fund, and Smart Contract Platform Ex-Ethereum Fund.
Prominent digital asset manager Grayscale recently adjusted the weightings of key products within its portfolio. Notably, changes were made to the Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund.
Bitcoin is trading just below the $45,000 level as traders await the SEC's final decision on the spot Bitcoin ETF applications.
Bitcoin's sharp fall on Jan. 3 suggests that market participants are nervous ahead of the SEC's long-awaited decision on the spot Bitcoin ETF applications.
With the Bitcoin halving expected to happen today, crypto enthusiasts are already starting to take positions in various altcoins. Among these, there are a number of coins that have shown a lot of promise when it comes to reaching the $100 price mark and this report takes a look at three.
If you want to know where cryptos may be headed in 2024 and beyond, just look at Generation Z.
Folks Finance, the DeFi app on Algorand, continues its expansion into new networks by bringing xALGO into the Avalanche ecosystem. Powered by Wormhole technology, this is reportedly “the first Avalanche-Algorand cross-chain DeFi product available.
On 29 December 2023, Emin Gün Sirer, a notable figure in the cryptocurrency space, shared a series of posts on social media platform X (formerly known as Twitter), discussing his perspective on meme coins, their cultural significance, and their place in the broader cryptocurrency ecosystem.
Bitcoin and select altcoins have not ceded much ground to the bears, indicating that buyers are not rushing to the exit.
The CEO of Avalanche (AVAX) development firm Ava Labs says that he now understands the cultural significance of memecoins. In a series of tweets on the social media platform X, Emin Gün Sirer says memecoins do not have to be like other crypto assets that derive value from use cases.
Polkadot is yet to reach its first resistance level while its price action has turned bearish.
As we step into 2024, all attention is now on the next 12 months. The potential approval of a spot Bitcoin ETF in the United States, the upcoming fourth Bitcoin halving in less than half a year, and various developments in the world of altcoins are key focal points.
SOL definitely stole the show in the last few months of 2023, but there're other notable yearly gainers as well.
The Avalanche Foundation, an institution that funds avalanche initiatives, has recently announced that it will start investing in meme coins.
Kevin Sekniqi is a notable figure in the blockchain and cryptocurrency industry, recognized for his contributions as a co-founder and key executive at Ava Labs.
The Avalanche Foundation plans to buy meme coins under its “Culture Catalyst” program with its $100 million NFT incubator fund.
As the Avalanche Foundation's investment in meme coins faced criticism, AVAX's price declined.
Yesterday, Dec. 29, 2023, Avalanche Foundation, a non-profit behind the ecosystem of Avalanche (AVAX) high-performance L1, announced the decision to add some meme coins to its portfolio. Emin Gün Sirer addressed the concerns and criticism of skeptics.
The meme coin euphoria on Ethereum (ETH) and Solana (SOL) blockchains resulted in dozens of magnificent pumps of "dog coins" and "cat coins." High-performance L1 blockchain Avalanche (AVAX) might be the next "hotbed" for meme coin fans.
An analysis by blockchain analytics platform Kaiko revealed that XRP and Dogecoin (DOGE) are among the top four most liquid cryptocurrencies, only trailing Bitcoin (BTC) and Ethereum (ETH). This finding challenges the conventional wisdom that market capitalization is a wholesome metric for evaluating a cryptocurrency's price, and thus, liquidity.
One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor.
The Avalanche Foundation is expanding its support of meme coins. This move could further boost the popularity of Avalanche, a low-fee and high-throughput blockchain, and even support its native coin, AVAX.
