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In the speculative market, the asymmetry between fundamental aspects and the market's perception of value is what creates opportunity. Cryptocurrency investors can benefit from finding asymmetries and positioning accordingly.
In a significant development for users of the Avalanche blockchain, the current Avalanche Web Wallet is set to be phased out by November 30th. This move marks a pivotal shift in how Avalanche stakers will manage their assets and staking activities.
In the fast-paced world of blockchain technology, Avalanche, a layer 1 blockchain, has marked a significant milestone, capturing the attention of crypto enthusiasts and investors alike. Over the weekend, Avalanche achieved a commendable feat – amassing a balance across more than six million addresses.
Transactions on the network increased because of a new token standard. AVAX's volume fell while the TVL decreased slightly.
Bitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?
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.
