AVAX

Ava Labs offers intellectual property management solutions to K-pop artists through the Avalanche blockchain. This will provide transparency and protect artists from underpayment and copyright violations, especially in live music and event ticket sales. In a recent announcement, Ava Labs announced that it would provide intellectual property management solutions to South Korean K-pop artists by leveraging its own Layer-1 blockchain network, Avalanche. A recent report from Allied Research showed that the K-pop industry will reach a $20 billion valuation by 2031.…

The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency’s downturn is over. BTC is currently trading at $61,773. BTC hit a six-week low on Monday, dropping as low as $58,474 before buyers propped the price to $60.330. Analysts Predict Drop To $50,000 Some Bitcoin analysts have predicted the cryptocurrency could drop to $50,000. According to Markus Thielen, founder of 10x Research, Bitcoin appears to be following a double-top pattern and is currently…

In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low. Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading price to $24.23. This decline marks a stark turnaround for an asset that has otherwise shown strong performance in previous months. Additional 60% Correction Ahead…

Bitcoin (BTC) has registered a considerable decline over the past couple of weeks, dropping from $71,119 to its current price level of $62,356. Over the past week, the asset has fallen by nearly 6%. According to analysts, the cryptocurrency is gradually dropping toward its support level. They urged traders not to fall prey to factors such as boredom or mini pumps and dumps.  Bitcoin (BTC) Price Analysis Bitcoin has been on a downward trajectory since June 6, after its price…

The post $54 Million AVAX Sell-Off Triggers MASSIVE Price Crash: Recovery Possible? appeared first on Coinpedia Fintech News Avax, a popular cryptocurrency, experienced a sudden and significant 10% drop recently. This was triggered by a massive transfer of approximately $54.2 million worth of AVAX tokens to major exchanges. The sudden movement has left investors concerned about the cryptocurrency’s stability. Here’s more on this. The Transfer: What Happened? An investigation by ZachXBT revealed that an entity (0x32….4f30) transferred 1.96 million AVAX…

Konami’s partnership with Avalanche could significantly boost AVAX adoption. Securitization Europe completed the first on-chain secondary transaction in Spain for tokenized financial instruments on Avalanche. The well-known game series maker Konami has embraced Avalanche (AVAX) to enter the blockchain market. Konami’s first foray into blockchain technology; the partnership seeks to create a new NFT platform called “Resella.” This alliance should greatly increase the environment of Avalanche’s acceptance. KONAMI is building a blockchain. Resella, a gaming focused L1 powered by Avalanche,…

Polkadot (DOT) and Avalanche (AVAX) were created to provide better interoperability. Both blockchains have an architecture that allows them to focus on application-specific blockchains that can be connected with a primary chain. Polkadot’s primary chain is the Relay Chain, while Avalanche has three primary chains: the P-chain, the X-chain, and the C-chain. These are similar to Polkadot’s parachains that connect to its Relay Chain. Both protocols use a Proof-of-Stake consensus mechanism to secure their network and achieve consensus. Polkadot (DOT)…

Avalanche is in a bearish limbo with confirmation from the Long and Short ratio. Avalanche Open Interest also depicts a visibly bearish sentiment. Popular smart contract platform Avalanche has been experiencing downward movement in the price of its native token, AVAX, over the past month. This downward pressure is evidenced by bearish sentiments from AVAX’s Long/Short Ratio. Sentiments for Avalanche Turns Bearish Avalanche appears to have run out of luck after performing very well in 2023 and in the first…

The post Top Lost Altcoins Which Need Your Attention! Here’s What’s Next for AVAX, LTC & DOT Prices appeared first on Coinpedia Fintech News The crypto markets are gearing up as the Bitcoin price is attempting again to secure levels above $70,000. With the beginning of US trading hours, the markets are gaining strength and hence the other altcoins are also trying hard to halt the persisting descending trend. In the meantime, some of the tokens that once had massive…