Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
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 […]
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.
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.
SOL recently rallied to $152 but will a decline in Solanas network TVL negatively impact the altcoins price?
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
Starting this month on a weak note, which led to some price reductions, Avax found solid ground and began to show strength again. Although, it pulled back a bit but resumed buying and broke out of a channel. Avax’s daily outlook appeared positive over the past two weeks as it […]
With its price climbing 17% over the past seven days, Avalanche (AVAX) has lately been on a winning run. Right now, the cryptocurrency is trading at $28.12, up 7% over the past 24 hours alone. This abrupt increase fits a larger recovery across the crypto market driven by a significant shift in the US financial [...]
The post Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook appeared first on Crypto Breaking News.
As the cryptocurrency market showcases an upward shift, Bitcoin (BTC) has climbed to $64,000, prompting a rally among leading altcoins, including Avalanche (AVAX). In the past 24 hours, AVAX has gained around 10%, rising from a low of $26.14 to an intraday high of $28.66, a level not seen since
Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation. Related Reading: Toncoin (TON) Climbs 20% Heres Whats Pushing The Price Up Messari’s recent report indicated that AVAX faced a fierce correction after two quarters of growth on the trot. Market capitalization dipped by 40% within the last quarter to stand at $11.6 billion. Well, despite this slump, the ecosystem is still sound as AVAX still has a market cap of $4.5 billion that’s a 157% surge compared to the same period in 2023. State of @avax Q2 Key Update: Several partnerships announced, notable ones include @stripe, @homium, and @konami. QoQ Metrics – Staked AVAX 6% – DeFi TVL (AVAX) 11% – Stables 13% Read the full report https://t.co/7xsKIj1ml3 pic.twitter.com/0dSZnfXOVE Messari (@MessariCrypto) September 13, 2024 Price Forecast Shines Through The Dip The slump is paining the larger ecosystem, but the future of AVAX seems brighter. In fact, the price forecast of the token will shine hope for investors. AVAX is seen going up 70.68% over the next three months, showing a bounce from the recent prices, analysis from CoinCheckup shows. This bullish sentiment is bolstered by long-term projections that suggest a 166% growth over the next year. It seems AVAX is poised for recovery, making it an intriguing asset for traders keeping an eye on the market. Revenue Plunge And On-Chain Activity Revenue for the Avalanche ecosystem was another source of worry, as its value went down from 176,700 AVAX in Q2 2024 to 96,200 AVAX during the same period. In dollar terms, that translated into $7.5 million going down to $3.5 million. Pullback is due to slowed activity across different on-chain platforms. However, some analysts believe that a renewed interest in on-chain-based transactions could help revive revenue growth in the short term. Despite these drops, staking remains robust within the Avalanche ecosystem. There is a 6% increase in the number of staked AVAX tokens due to new measures to boost staking. Staking rewards continue to attract new investors despite a fall in active validator count by 7%. This reflects some unease among validators amidst these market conditions. Network Stability Average transaction counts remain mixed. With approximately 11,262 transactions and an average block time of 1.61 seconds, Avalanche is showing stability. More than 2% of the total coins have been sent from the Elliptic Curve Digital Signature Algorithm wallet. Despite the recorded drops, new initiatives are expected to boost staking and future coin balances. Related Reading: The Sandbox (SAND) Sets Sights On 1,111% Growth Amid Crypto Market Pressures Interestingly, where the network had an average transaction that depreciated by 57% from 495,000 to 201,500, some protocols on Avalanche refused to abide by this trend. Tether (USDT) and GMX increased transaction volumes, which indicated specific sectors in the system are doing well despite this broad slowdown for the crypto market. Since AVAX is preparing for a potential rebound from the market, its investors may be able to see renewed interest in the asset in case such forecasted growth in price comes true. The partial recovery in the transaction volumes for selected protocols also suggests something more is being involved under the surface–a sign that Avalanche might pick up fast once the crypto market picks up. For now, investors are keen enough to observe how AVAX acts in the short and medium terms. Featured image from Durango.com, chart from TradingView
Here are the six alternative coins that can perform the best in the following months (according to ChatGPT).
Th rcnt turmoil in th crypto mrkt hs cusd significnt disruptions, rsulting in rpid liquidtions nd widsprd dmg. Avlnch (AVAX), mjor plyr mong ltcoins, hs bn significntly impctd. With th pprovl of Ethrum ETFs, invstor focus hs shiftd wy from Lyr-1 Proof of Stk (PoS) ssts lik AVAX, diminishing its ppl. This shift, combind […]
Avalanche price broke above $20.50 on Aug 7, reflecting a robust 24.8% rebound from the historic market sell-off encountered on…
The post Avalanche Price Analysis: What Next For AVAX after 24.8% Rebound ? first appeared on The Crypto Basic.
Avlnch (AVAX), th ntiv tokn of th Avlnch blockchin, hs fcd tumultuous wk. Following 15% dclin ovr th pst fiv dys, AVAX xprincd miniml incrs on Fridy, trding t $23.39, up 0.86% from its opning pric of $23.19. Howvr, this smll uptick dos not offst th fct tht th currnt pric rmins […]
Recent market activities for Avalanche (AVAX) indicate that the bears have gained control over the market, pushing the cryptocurrency toward a critical price target of $21.73. With the bears dominating and market sentiment leaning heavily toward further declines, the $21.73 level has become a key point of interest for market participants. This analysis delves into AVAX’s current bearish trend by examining key technical indicators such as Moving Averages and the Moving Average Convergence Divergence (MACD). Additionally, it highlights the significance of the $21.73 support level and its potential impact on AVAX’s price movement As of the time of writing, AVAX’s price has decreased by 4.67%, trading at approximately $23.75 over the past 24 hours. The cryptocurrency has a market capitalization of $9 billion and a trading volume of $331 million. AVAX’s market cap has declined by 6.37% in the past day, while its trading volume has increased by 15.60%. Analyzing Recent Price Trends And Performance Of AVAX Avalanche has shown significant bearish strength, with multiple bearish candlesticks forming below the 4-hour 100-day Simple Moving Average (SMA). This indicates bearish dominance and suggests continued downward pressure, potentially leading to further declines toward $21.75. Also, on the 4-hour chart, both the signal line and the MACD line of the Moving Average Convergence Divergence (MACD) are trending below the zero line and are currently attempting to move into the oversold zone. This supports the potential for continued downward movement in AVAX’s price. Technical analysis on the 1-day chart reveals that AVAX has been on a bearish trajectory toward a critical support level at $21.75, marked by the formation of multiple bearish candlesticks. Furthermore, the crypto asset’s price is trading below the 100-day SMA, suggesting a bearish market sentiment. Looking at the 1-day chart, it can be observed that the Signal line has crossed below the MACD line and both have recently dropped below the zero line, which implies a continued bearish trend and indicates the chance for further price declines. Significance Of The $21.73 Support Level Assessing the significance of the $21.73 support level suggests that: If AVAX reaches this level, it might break through or consolidate and retrace. A successful break below could lead to further price decline, potentially driving the asset toward the $18.83 support level and beyond. However, if the price consolidates and retraces upward upon reaching the $21.73 support level, it will begin to climb toward the $30.34 resistance point. Should the price break through this range, it could lead to further gains, testing a higher resistance level at $37.29 and potentially increasing bullish sentiment. Featured image from Adobe Stock, chart from Tradingview.com
HashKey Exchange lists AVAX/USD and LINK/USD for retail investors starting August 28. Previously, retail investors in Hong Kong were only limited to Bitcoin and Ethereum. AVAX and LINK deposits and withdrawals are possible via Avalanche and ERC20 networks respectively. HashKey Exchange, one of Hong Kong’s two fully licensed cryptocurrency exchanges, has expanded its offerings to […]
The post HashKey Exchange adds AVAX and LINK trading pairs for retail investors appeared first on CoinJournal.
Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
