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Avalanche (AVAX) is gaining traction among crypto investors, thanks to its highly scalable, secure, and efficient blockchain platform. Its unique consensus mechanism enables it to [...]
After a short retracement, Avax resumed bearish and continued to show signs of weakness. While the volatility appears low this week, it is likely to resume pressure as soon as the selling volume increases. Avaxs overall market outlook is still strongly bearish on the monthly scale as it continued to […]
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000.
The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail.
Travala is the first crypto-native travel platform to receive a Skyscanner integration, which allows it to access the platforms 110 million monthly users.
Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
LangChain releases LangGraph.js v0.2 with new features for building and deploying JavaScript agents, including support for LangGraph Cloud and LangGraph Studio. (Read More)
Avalanche (AVAX) is currently trading at a crucial level after a 24% retrace that began last week. The crypto market is experiencing extreme fear and uncertainty, with most altcoins hovering near yearly lows. Analysts and investors closely monitor AVAX’s price action as the market remains volatile. Top analyst and trader Kaleo has shared his insights, [...]
The post Can Avalanche (AVAX) Reclaim $30? Top Analyst Predicts A Dip Before A Bounce appeared first on Crypto Breaking News.
Avalanche9000 upgrade will enhance subnet deployment on Avalanche, making L1 launches more feasible. The upgrade will also Introduce customizable chains, speeding up project development and market entry. The announcement has had no impact on the price of AVAX, which is down 2.22% amid a broader market decline. Avalanche, a leading high-performance blockchain platform, has unveiled […]
The post Avalanche announces Avalanche9000, its largest upgrade since mainnet launch appeared first on CoinJournal.
Cardano (ADA), Polkadot (DOT), and Internet Computer (ICP) are some of the well-known altcoins making the list.
Bitcoins break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.
As the market continues its bullish climb, Avalanche (AVAX) keeps on garnering investor interest as new developments drive growth on the platform. These developments have since placed AVAX on the crosshairs of the bulls leading to a 25% surge in price in the last two weeks, reinforcing the tokens position as a long-term asset. Related Reading: Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher? Avalanches focus on on-chain growth is made apparent by a recent announcement that will cement the platforms position in the DeFi space. As time lets these developments mature, investors and traders holding AVAX might be in for a treat. $40 Million Allotted For Retro9000 To Encourage L1 Growth In an official X post, Avalanche reveals its new grants program named Retro9000. The program will reward developers who build projects on the Avalanche9000 testnet and deploy the finished product on the mainnet. This move comes as a way to empower developers on the platform, ensuring that development on Avalanche wont cease. Retro9000: Up to $40m in retroactive grants for Avalanche L1s This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do bestinnovate and build. More on Retro9000 pic.twitter.com/qNXzosMV14 Avalanche (@avax) September 26, 2024 While the current blockchain landscape offers countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging, stated Avalanche in a recent blog post. The program works by ranking submissions in a public leaderboard, allowing developers to build publicly, and allowing a community to form around their projects. However, the main focal point for the rewards system is the developers that test and ship their finished projects on the mainnet, further enhancing on-chain growth on the platform. Retro9000 is mainly concerned on the upcoming Avalanche9000 network upgrade. The program allows developers of all sizes to keep try the new developer environment whilst keeping the economic barrier low through funding using the $40 million allotted for the program. The cryptocurrency wallet and portfolio protocol, Core, said it would support its upcoming network upgrade, Avalanche9000, which will feature the Interchain Messaging Protocol (ICM). It promises much easier crosschain communication, thereby improving the user experience on this platform. Testnet builders, as you’re building out your L1 or L1 tooling on testnet, keep in mind that Core is helping cut your dev time by optimizing for the ability to move assets between chains and providing easy access to testnet support. Read more about Core’s support of the ICM Core | Crypto Wallet & Portfolio (@coreapp) September 26, 2024 Avalanche: Investors Aim To Break Through $30.11 – Is This Possible? With solid on-chain development occurring on Avalanche, AVAX bulls have set their eyes on the $30.11 resistance level which will open the door for a return on the $33.08 price level. If this occurs, investors and traders are in with huge gains in the medium to long-term. Although the market environment is inherently bullish, the relative strength index (RSI) of the token remains strained by the near-constant upward trajectory that AVAX has followed in the past two weeks, possibly putting AVAXs short term gains at risk. Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% Details If the token does get rejected by the $30.11 resistance, the bulls can rely on AVAXs present support level at $26.79 for long-term movement. Featured image from Medium, chart from TradingView
A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX.
An Avalanche spokesperson told Cointelegraph that the grant program will reward developers who create layer-1 chains and critical tools on the Avalanche9000 testnet.
Travala has integrated Solana, allowing hotel and flight bookings via SOL, USDT, and USDC Travala users will enjoy zero-fee transactions and direct deposits and withdrawals for supported tokens Travala plans to introduce SOL travel rewards to enhance user experience in crypto travel bookings Travala, a pioneering cryptocurrency-based travel agency, has taken a significant leap forward […]
The post Travala integrates Solana, enabling bookings via SOL, USDT, and USDC appeared first on CoinJournal.
Travala has integrated the Solana blockchain for seamless crypto payments, allowing hotel and flight bookings via SOL, USDT and USDC.
The investment rounds backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestias total fundraising to $155 million.
SOL recently rallied to $152 but will a decline in Solanas network TVL negatively impact the altcoins price?
Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.
Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserves announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAXs price. This would likely push AVAX into a new uptrend, potentially leading to fresh highs and even a 50% surge for the token. However, if Avalanche fails to break through this level, it risks a pullback that could see prices retest previous support levels. Analysts are highlighting this moment as crucial for determining AVAXs market direction, as broader crypto sentiment has turned more bullish following the Federal Reserve’s recent decision. With increasing trading volume and investor interest, the next few days will be key in establishing whether Avalanche can sustain its momentum or face a short-term correction. Avalanche Testing Key Supply Levels Avalanche has been one of the top-performing altcoins in recent days, showing impressive strength amid a broader market surge. This recent momentum could be just the beginning of a more significant move for AVAX, as analysts and investors are projecting even larger gains if the token continues to break through key supply levels. One of the most respected figures in the crypto space, Carl Runefelt, shared a bullish technical analysis of Avalanche on X, stating that AVAX has broken out of a falling wedge pattern, a classic indicator of bullish price action. According to his analysis, AVAX successfully retested the wedge and is now targeting medium-term price levels. Runefelts price targets for AVAX are $28, $33, $41.30, and $54, each representing crucial supply zones that the token needs to surpass to continue its upward trajectory. If AVAX hits $41.30, it will reflect a 50% surge from its current price, marking significant progress. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? Currently, Avalanche has formed a new high, confirming its strength. While the price may consolidate before making its next move, many investors believe that this consolidation could be a stepping stone toward a larger surge. With broader market sentiment turning positive after the recent Federal Reserve interest rate cut, AVAX is well-positioned to continue climbing, especially as more investors look to capitalize on its strong technical setup. If AVAX can maintain this momentum, it could potentially lead to significant gains in the medium term. Price Levels To Watch AVAX is currently trading at $27.39 after testing the daily 200 exponential moving average (EMA) at $28.66. The token has experienced an impressive 40% surge since early September, pushing it closer to crucial supply levels that will likely shape the price action in the coming weeks. For bulls to maintain momentum and extend the rally, AVAX needs to break through the $28 resistance and reclaim the 1D 200 EMA as support. Doing so would signal a more sustained uptrend and position AVAX for further gains. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed However, if the price struggles to hold above the $25 mark, a deeper correction could follow, bringing short-term bearish pressure. Despite this risk, there remains a possibility for AVAX to consolidate between $25 and $28, giving the token room to gather strength for a more significant surge in the near future. Investors are closely watching these levels as the market seeks direction. Featured image from Dall-E, chart from TradingView
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