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Avalanche (AVAX), once a promising altcoin, has faced a significant decline in price, retracing all of its gains made in November. As of now, AVAX is back at its November price levels, while Bitcoin (BTC) has retained most of its gains.
Nearly 4,000 wallets added WAVAX holdings, 1.8 times the recent average, according to onchain data.
Falling active addresses and network growth are major concerns for AVAX's price.
Avalanche has faced relentless selling pressure since mid-December, wiping out over 60% of its value and erasing all the gains from the impressive November 2024 rally. The extended downtrend has left investors uncertain about its near-term prospects as the entire market struggles to regain footing amid ongoing volatility.
Inversion Capital, led by angel investor Santiago Roel Santos, is launching a custom Layer 1 blockchain on Avalanche to bring businesses onchain.
Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.
Avalanche (AVAX), the popular blockchain platform, has had a turbulent few weeks. Despite a significant decline in value of nearly 28% over the past month, there's a noticeable shift in market sentiment that suggests a potential rally.
AVAX is forming a clear bullish pattern on the chart and could rally soon.
Avalanche (AVAX) has faced relentless selling pressure since mid-December, with its price plummeting over 60% and erasing all the gains from its impressive November 2024 rally. This sharp decline has left investors on edge, fueling fear and uncertainty as Avalanche mirrors the bearish trends seen across the broader crypto market.
Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.
The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.
Avalanche (AVAX) has been a significant player in the blockchain ecosystem, offering fast and scalable solutions for decentralized applications (dApps). With its growing adoption, AVAX has been on many investors' radar, especially when it comes to its long-term price potential.
The crypto market has shown limited favorability to bulls over the past week. However, certain altcoins continue to register gains driven by external developments.
With Bitcoin and altcoins aiming for a comeback week, Avalanche nears a trendline breakout. Will the short-term recovery propel altcoin above the local supply line and hit the $30 mark?
Avalanche's native cryptocurrency, AVAX, is at a crucial point in the market, testing a critical support level at $25. Investors are closely watching this price point to determine whether AVAX will rebound or face further declines.
The price of Avalanche (AVAX) had dropped to the bottom of the chart but has recovered.
AVAX tested a key $25 support level as whale transactions surged following the first AI-focused layer 1 launch by Kite AI.
Kite AI, the decentralized AI infrastructure provider, announced on Feb 6, its first AI-focused Layer 1 sovereign Blockchain built on Avalanche, the Blockchain platform. Currently launched in its testnet stage, it made its public testnet live on its platform, Kite AI.
Virtune, a Swedish crypto asset manager, has launched new exchange-traded products (ETPs) in Finland, giving investors easy access to Avalanche (AVAX) and Cardano (ADA). Virtune CEO Christopher Kock described the new products as timely, pointing at the growing demand.
Stellar (XLM) has recorded significant investor interest within the last 24 hours, and the asset looks set to take on AVAX. According to CoinMarketCap data, the trading volume of XLM has soared by 24% within the time under consideration.
Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data.
Avalanche provides a scalable and transparent foundation for AI applications, which may bolster institutional AI adoption.
Launched the testnet dedicated to those who want to develop decentralized dApp based on artificial intelligence.
Avalanche (AVAX) has been struggling as it drops below the $27 mark, continuing its downward trajectory. Analysts are predicting a potential crash toward the $20 range, as the bearish pressure surrounding the token intensifies.
