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A popular cryptocurrency analyst is expressing a bullish outlook toward two of Ethereum's (ETH) biggest competitors. Pseudonymous crypto trader Altcoin Sherpa tells his 197,500 followers on the social media platform X that Solana (SOL) and Avalanche (AVAX) are both setting the stage for another leg up.
The liquidation levels heatmap of AVAX noted that a large amount of liquidity was present just below the $14 mark which lined up well with the HTF resistance at $13.9.
With a solid bullish reversal rally in Avalanche, the sellers fail to hold dominance over crucial levels, leading to breakout rallies. The AVAX coin prices take off from the $8.60 launchpad to give a phenomenal return of 40% to reach the $12 mark.
The crypto market is set to experience significant token unlocks in November, with projects such as Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) leading the way. These unlocks are anticipated to release more than $320 million worth of tokens, contributing to the overall $450 million set to enter circulating supplies in the crypto market this month.
This decision will streamline the support for multiple subnets on Avalanche
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Aptos will see the largest token unlock by value at around $173 million, while Hashflow will see its circulating supply increase nearly 74%.
With the new development, Avalanche's C-chain, one of the largest EVM-compatible blockchains, will be seamlessly interoperable with 100+ networks based on Cosmos' SDK. Also, Avalanche (AVAX) will be connected to the Cosmos Hub ecosystem.
The Astra Upgrade for Avalanche subnets should improve the independent operation of application-specific chains in the ecosystem.
Explore why SnowTrace is closing down its Etherscan-powered service and the impact of rising costs in the blockchain space.
SnowTrace, a popular blockchain explorer tool for Avalanche (AVAX), has announced that its Etherscan-powered website will be shut down on November 30.
Cryptocurrencies had a strong performance in October as they outperformed key assets like stocks, bonds, and commodities. Bitcoin led the charge as it jumped to the highest level since June last year. At its peak, the coin was up by more than 128% from the lowest point in November last year.
After suffering two exploits days after its launch, Stars Arena CEO steps down from his position.
Avaalnche Social Fi protocol 's CEO steps down amidst poor performance. Activity and daily transactions occurring on the protocol decline despite prices being unaffected.
The loss of the team member Kook comes one day after the platform's CEO, who goes by Chill Pill, stepped down.
Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year.
The blockchain exploration and data analysis platform for the decentralized smart contracts network Avalanche C-Chain, Snowtrace, surprised its community with the announcement of its deactivation. The chosen closure date is November 30, 2023.
Starting with the most relevant news from the crypto world for these 3 projects, we can immediately report the latest news at Avalanche where last week the wstETH cryptographic resource belonging to the Lido ecosystem was brought inside the well-known blockchain with the help of the Layer Zero interoperability platform.
In a recent development, the CEO of Stars Arena, Chill Pill, has officially resigned from his position, marking a significant change in the leadership of the social finance app operating within the Avalanche ecosystem. The resignation was announced by Stars Arena leaving the community and investors in anticipation of the project's future direction.
Crypto project Avalanche made headlines on Monday following a notable announcement to its community. The developments indicate that Avalanche's blockchain explorer will end its operations on November 30. Meanwhile, Snowtrace users should download their contract verification data, private keys, and name tags before the deadline.
On Monday, October 30, the Avalanche project gained attention as its price surged by over 2% during the time of reporting. However, in a recent announcement, Avalanche's blockchain browser, Snowtrace, disclosed its plans to halt operations at 00:00 UTC on November 30.
Over the past two weeks, Avalanche's on-chain data saw a surge in network activity. This has been the case since mid-October.
Lido DAO has distanced itself from LayerZero's rollout of a wstETH bridge on Avalanche (AVAX), BNB, and Scroll. In an Oct. 26 statement, the staking protocol said the bridge was “not canonical and has not been audited or endorsed by the Lido DAO.
The cryptocurrency winter is nearly over, and the next bull run can surely make you richer if you consider the following cryptos to buy.
