Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
AVAX
Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers
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 token’s position as a long-term asset. Avalanche’s focus on on-chain growth is made apparent by a recent announcement that will cement the platform’s position in the DeFi space. As time lets these…
8 months ago
AVAX Shows Resilience & SOL Aims High; Crypto Fans Rush To BlockDAG After 50% Bonus Goes Live
Avalanche (AVAX) has demonstrated resilience, rebounding 15% from recent market lows and approaching its $25 resistance level. Concurrently, Solana (SOL), buoyed by a surge to 5.5 million active users, is advancing towards a $161 target as market activity intensifies. While AVAX and SOL show promise, BlockDAG stands out remarkably. Its presale has amassed $76 million, and recent high-value partnerships with global soccer giants Borussia Dortmund and Inter Milan are setting the stage for major exchange listings. To add to the…
9 months ago
Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance – Crypto Analyst
Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve’s 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. Many market participants are optimistic, projecting that a break above this resistance could pave…
9 months ago
Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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 scene: the Federal Reserve’s decision to lower interest rates. The Fed lowered interest rates by 50 basis points on September 18, therefore defining the new…
9 months ago
Avalanche Revenue Nosedives Over 40% In Q2 – Impact On AVAX Price
Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation. 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…
9 months ago
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AVAXAnalyst Predicts AVAX Breakout: Is $30 The Next Target?
Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead. Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally…
9 months ago
Can Avalanche (AVAX) Reclaim $30? Top Analyst Predicts A Dip Before A Bounce
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, predicting AVAX may dip further before a recovery occurs. This forecast has caught the attention of many, given the current market conditions and the pressure…
9 months ago
Avalanche (AVAX), Injective Protocol (INJ), and Thorchain (RUNE) at support again – time to buy?
With the crypto market wilting under the weight of the present fearful times, three of the higher end altcoins are at, or near, major support levels once again - is this the time to buy? Buy when the market is fearful? Even Bitcoin holders are likely to be very fearful in these times of economic uncertainty. Therefore, going further up the risk curve into the altcoins, those putting long trades or investments on now, are made of sterner stuff. However,…
9 months ago
Avalanche (AVAX) Climbs 24% This Week, Experts Are Eyeing This New Altcoin For High Returns
Avalanche (AVAX) has experienced a notable 24% increase this week, recovering from a prolonged downtrend. After hitting a low of $17.29 in early August, AVAX surged to $25.25, driven by factors such as reduced token unlocks and institutional investments. MoonTaurus (MNTR) is emerging as a notable player in the cryptocurrency market. Currently in its presale phase, the token is drawing significant attention due to its strategic positioning and growth potential. With a capped total supply and a well-structured marketing plan,…
10 months ago