Top 10 Cryptocurrencies by Notable Development Activity (Santiment)

Cardano (ADA), Polkadot (DOT), and Internet Computer (ICP) are some of the well-known altcoins making the list.

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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 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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ChatGPT Analyzes Which Altcoin Will Perform the Best by 2024s End (Hint: its Not Ripple (XRP))

Here are the six alternative coins that can perform the best in the following months (according to ChatGPT).

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AVAX On Thin Ice: $21.73 Support Under Siege Whats Next?

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

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Avalanche (AVAX) Consolidation Continues As Funding Rate Signals Possible Market Shift

Avalanche (AVAX) has needed help recovering its losses in this volatile crypto market. Compared to other Layer-1 (L1) blockchains, AVAX consolidation could have been faster, raising concerns about its future performance. Despite this uncertainty, recent price action shows AVAX consolidation above the $19.80 support, trading at $22.11 when writing and creating a positive sentiment among [...]

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Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50

After recently surpassing the $23.50 mark, the price of Avalanche (AVAX) has continued to show resilience moving higher with good momentum towards the $30.34 resistance level. This upward movement has signaled bullish sentiment among market participants and potential further gain for the crypto asset. As Avalanche continues to gain pace above $23.50, this article delves into providing an in-depth analysis of this recent price surge and its potential for further growth by examining current price actions and technical indicators focusing on the 4-hour and the 1-day chart.  At the time of writing, AVAX’s price was up by over 4.85%, trading at about $26.88, with a market capitalization of more than $10 billion and a trading volume of more than $305 million. In the last 24 hours, the market capitalization of AVAX has increased by 4.44%, while trading volume has decreased by 32.13%. Analysis Of AVAX’s Recent Price Momentum Currently, the price of AVAX on the 4-hour chart with bullish momentum has crossed above the 100-day Simple Moving Average (SMA). The digital asset has been on an upward spiral since breaking above its previous low of $26.50. As a result of the price movement, Avalanche could still extend its rally toward the $30.34 resistance level. Also, an examination of the 4-hour Composite Trend Oscillator indicates that the price of AVAX might continue to rise since the indicator’s signal line has crossed above its simple moving average, and both are trying to move above 50%. On the 1-day chart, although Avalanche is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move towards the $30.34 resistance level. After the cross above $26.50, AVAX has been showing bullish resilience thereby keeping its pace above this level. With this recent bullish momentum, the digital asset could potentially extend its rally to other resistance levels. Finally, on the 1-day chart, the composite trend oscillator also indicates that AVAX could potentially expand its bullish move as the signal is attempting to cross above the SMA of the indicator and are both trying to move out of the oversold zone. Can Avalanche Sustain Its Upward Trajectory? Currently, AVAX is trying to move higher toward the resistance level of $30.34. If the crypto asset’s price hits this level and closes above, it will likely move on to challenge the resistance level at $37.29. If the $37.29 level is surpassed, it may also target the $39.94 resistance level and other higher levels.  Nonetheless, if it reaches the $30.34 mark and encounters resistance, the price might begin to decline once more in the direction of the $23.50 support level. When it breaches this $23.50 support level below, Avalanche will keep falling to test the $18.83 support and other lower levels. Featured image from Adobe Stock, chart from Tradingview.com

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Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance

Avalanche (AVAX) has recently shown a strong correctional upswing, sparking renewed interest among investors and traders. This upward momentum comes after a rejection at $23.49 and indicates a potential challenge to the $30.34 resistance level.  As AVAX approaches this critical threshold, market participants are closely watching to see if the cryptocurrency can maintain its bullish [...]

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Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal

Avalanche (AVAX) is now testing a critical support zone at the $20 level after a strong 55% surge from local lows registered in early April. This level could determine the next phase of price action, as bulls aim to reclaim control and push prices into higher territory. Holding this support is essential to maintain the bullish momentum built over the past few weeks. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? However, macroeconomic tensions and persistent global market volatility continue to weigh heavily on investor sentiment. With financial markets responding to rising geopolitical uncertainty and interest rate concerns, altcoins like Avalanche face mounting pressure. Despite the headwinds, some analysts remain optimistic. Top crypto analyst Ali Martinez recently shared a technical setup highlighting that AVAX is bouncing off the 200-day Simple Moving Average (SMA) on the 4-hour chart a level often watched closely by traders. According to Martinez, this bounce could act as a pivot point for bulls, especially if volume increases and price action confirms strength above short-term resistance. A clean move higher from here could reignite AVAXs uptrend and bring it back into focus as one of the leading altcoins in the Layer-1 ecosystem. The coming days will be crucial to confirm the direction. Avalanche Bounces From Key Level As Bulls Regain Momentum After months of volatility and sustained selling pressure, Avalanche is trading at a pivotal juncture that took the asset down from its earlier highs. Despite the difficult environment, sentiment appears to be shifting. Over the past few weeks, AVAX has drawn renewed attention from traders and analysts who believe the current structure could lead to a meaningful recovery. Market participants are closely watching for a confirmed reversal from the local lows to signal the beginning of a broader move into higher supply zones. According to Martinez’s insights, Avalanche is currently bouncing off its 200-day Simple Moving Average (SMA) on the 4-hour chart a level often seen as a key dynamic support in trending markets. This bounce is further supported by the TD Sequential indicator, which has flashed a buy signal, indicating that bullish momentum could be building at this critical price level. For this reversal to gain real traction, AVAX must not only defend current support but also break through short-term resistance zones to establish a bullish continuation pattern. This week’s price action will be crucial, as the broader crypto market also seeks direction amid macroeconomic uncertainty. If bulls step in with conviction and volume confirms strength, Avalanche could position itself for a significant push toward the $25$30 range. However, a failure to hold above the $20 level could result in further downside and a retest of previous lows. With technical indicators aligning and market sentiment improving, the next few sessions could define AVAXs trajectory for the coming weeks. Related Reading: Cardano Consolidates In Symmetrical Triangle Analyst Sets Bull/Bear Price Targets AVAX Price Details: Technical Levels To Watch Avalanche is currently trading at $19.98, testing a key psychological support level after a significant recovery from its local bottom in early April. Despite a modest bounce, AVAX remains well below both the 200-day simple moving average (SMA) at $29.80 and the 200-day exponential moving average (EMA) at $26.30. This confirms that the broader trend is still bearish, and bulls have yet to reclaim any major technical ground. The recent price rejection near the $22$23 zone suggests that sellers are still in control. Volume appears to be tapering off, signaling weakening momentum. The declining slope of both the SMA and EMA reinforces the structural weakness in the medium term. Unless AVAX can break above the $26$30 resistance cluster, the path of least resistance remains to the downside. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days Accumulation Trend Accelerates For now, the market appears to be consolidating in a lower range between $18 and $23. If this support at $20 fails, AVAX could revisit March lows near $16. On the flip side, a decisive breakout above the EMA could spark renewed interest from bulls and signal a potential trend reversal. Traders should watch for increased volume and a close above $26 to confirm a shift in sentiment. Featured image from Dall-E, chart from TradingView

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Avalanche Rising: Will The Wine Capital Fund Turbocharge Gains Above $40?

AVAX, the native currency of Avalanche, a high throughput blockchain, is rising, adding an impressive 9% from May 15 lows. Buyers are taking over after weeks of lower lows. While the expansion of Bitcoin prices could explain these gains, there could be more. Fine Wine Investment Fund Tokenized On Avalanche Avalanche has announced tokenizing a [...]

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Avalanche Rumbles 21% Amid Record-Breaking Address Activity

Avalanches native token rose in tandem with a surge in on-chain activity. AVAX has been able to sustain a 25% increase in the last week, as the network hit two new highs. Daily transactions reached nearly 11 million on May 11, 2025. Active addresses jumped to 950,000the most since June 2023. Related Reading: Bitcoins Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Record Transaction High According to the Avalanche Foundation, the platform saw its single-day transaction count hit 10.8 million. That figure tops every previous high. It shows a burst of action across DeFi apps, gaming projects, and automated scripts. Some of those transactions come from bots, but many reflect real users swapping tokens or minting NFTs. Activity across the Avalanche network is surging, with milestones achieved on May 11th, 2025: 10.8M+ daily transactions an all-time high 950K active addresses highest since June 2023 Nearly 30M contracts deployed and growing Momentum is building across the pic.twitter.com/ZfN8PfoJqk Avalanche Foundation (@AvalancheFDN) May 12, 2025 Active User Growth Based on reports, nearly 950,000 addresses interacted with the network in one day. That is the strongest turnout in almost two years. Everyday people and developers both play a part. Nearly 30 million smart contracts have been deployed on Avalanche so far. Each new contract adds another tool or game for users. Price Moves And Market Trends AVAX broke above $24.55 resistance this week. That move linked up with a broader rally in top tokens, leaving AVAX about 110% higher over the past 14 days. Bitcoin raced past $105,000, and risk assets rallied after a US-China trade deal was signed in Switzerland. Stocks opened sharply higher, and crypto followed suit. Traders say looser trade tensions often lift coins. Avalanche is thriving going into Summit! Cant wait to share what we and our partners have been working on. Even these numbers will look minuscule in time. https://t.co/5JK5cjNjNV Emin Gün Sirer (@el33th4xor) May 12, 2025 Outlook For Avalanche Summit The network is heading into its Avalanche Summit in London with strong momentum. Ava Labs founder Emin Gün Sirer posted on X that milestones like these will look minuscule in time. He hinted that bigger announcements lie ahead. If new partnerships or protocol upgrades arrive at the summit, both usage and AVAX price could get another boost. The pullback in selling pressure has been in place since February. Now, buyers are stepping in again. That suggests confidence in Avalanches tech and its community. The token once hit an all-time high above $146 in November 2021. Since then, it has seen ups and downs, but the recent surge shows users and investors remain interested. Related Reading: Bitcoins $104,000 Peak Sparks High-Stakes Short Positions Details Analysts at Nansen voiced a bullish view, too. Aurelie Barthere said she expects altcoins, equities, and even the US dollar to climb together. That outlook depends on continued positive newsboth from markets and from Avalanche itself. For now, Avalanche stands among the top layer-1 blockchains in daily use. The numbers speak for themselves: 10.8 million transactions on a single day, nearly 1 million active addresses, and millions of contracts ready to go. Featured image from Gemini Imagen, chart from TradingView

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Avalanche (AVAX) Price Dips As Market Turbulence Persists

AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward. Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to drop in the next couple of days. As of the time of writing, the price of AVAX was trading around $33.52 and about 0.22% down in the last 24 hours. Technical Indicators Point Toward A Sustained Downtrend For AVAX To figure out where the AVAX price might be headed next, the following indicators can be used to examine the chart. 4-Day MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending below the zero line, and both the MACD line and the Signal line crossed each other while trending below the MACD zero line, indicating a continuous movement on the downside. This can be seen in the below image. 4-Day RSI: The formation of the Relative Strength Index (RSI) in the above image also suggests a downward continuation movement as the RSI signal line is seen to have moved above the 50% level and then dropped below it. This suggests that sellers are still very much active in the market therefore overpowering the strength of buyers. Alligator Indicator: A look at the alligator indicator from the 4-hour time frame shows that AVAX is trading below the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw. It can also be seen that the price tried to move above the alligator lines but failed to do so, suggesting that the price might continue to move in its downward direction. The Coin Could Form A New Low Conclusively, from the previous downward movement, AVAX has formed two resistance levels of $39.94 and $36.15 and a support level of $30.34. Currently, AVAX is moving toward this support level and if it breaks above this level, the price might drop even further to create a new low.  On the contrary, if the price fails to break above this support, it will reverse and start an upward movement toward its previous resistance level of $36.15. Should AVAX manage to break above this resistance level, the price might move further to test the $39.94 resistance level. Featured image from Shutterstock, chart from Tradingview.com

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Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing. Technical Indicators Suggest A Bearish Trend For Avalanche Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the trend line. This could mean that the price is on a downward trend. The MACD indicator on the 4-hour timeframe suggests a very strong bearish movement as the MACD histograms are trending below the MACD zero line. Also, both the MACD line and MACD signal line are trending below the zero line. Given the formation of the MACD indicator, it shows that there is a possibility that the price will still move further downward. Furthermore, the Relative Strength Index (RSI) also on the 4-hour timeframe suggests a bearish trend as the RSI signal line is trending around the oversold zone. Despite the potential of a retracement at this point, the price will drop more following this. The alligator indicator is another powerful tool used to determine the trend of an asset. A look at the above image shows that both the alligator’s lip and teeth have crossed over the alligator’s jaw facing the downward direction. This formation suggests that the trend is bearish and that the price could witness a deeper decline. What Could Happen Next Based on the price’s previous movement, there are two major resistance levels of $50 and $59.99 and a support level of $39.95. As Avalanche is on a negative trajectory, if prices manage to break below the support level of $39.95, it could trigger a move further toward the next low of $27.53. On the other hand, if the price fails to break below its previous low, it might start an upward correction movement toward the resistance level of $50.80. However, if it manages to break past this level, AVAX might move even further toward the $59.99 resistance level. As of the time of writing, the Avalanche was trading around $38, indicating a decline of 1.75% in the last 24 hours. Its market cap is down by over 16%, while its trading volume has increased significantly by nearly 250% in the past day. Featured image from Shutterstock, chart from Tradingview

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Avalanche Price At Critical Support Level: What Direction Lies Ahead?

Despite the lingering bearish sentiment in the market, the Avalanche (AVAX) price has shown some upward movement. AVAX is hovering around a significant support line that has historically propelled its price in previous months. AVAX has experienced a slight 0.1% downward movement on the daily chart, while the weekly chart reflects a loss of approximately 2% in value. Related Reading: Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store? Technical indicators for Avalanche indicate a bearish influence, with demand and accumulation remaining low. For buyers to regain confidence in the market, AVAX must maintain its support level and attempt to break through its resistance level. The appreciation of Bitcoin has also influenced altcoins, prompting some attempts at price increases. However, if Bitcoin’s price falls below the $27,500 mark, it is unlikely that Avalanche will be able to surpass its next price ceiling. On the other hand, if AVAX manages to break through the overhead resistance, it may experience a rally. The decrease in the AVAX market capitalization suggests that selling pressure still exists in the market. Avalanche Price Analysis: One-Day Chart At the time of writing, AVAX was priced at $14.48. If sellers do not exert further pressure, the altcoin will likely make gradual progress on its chart. The immediate overhead resistance for AVAX is set at $14.70, and surpassing this level could pave the way for further upward movement toward $15 and beyond. On the other hand, a decline from the current price level could bring AVAX down to $14 and potentially lower. However, if buyers step in and provide a slight push, AVAX bulls can strengthen their position in the market. The trading volume of AVAX in the last session was in red, indicating that selling strength was influencing the price action. Technical Analysis Throughout May, AVAX has experienced a lack of positive demand. The Relative Strength Index (RSI) has remained below the 50-mark, indicating that sellers have outnumbered buyers. The consistent rejection at the current price level could further diminish demand. Furthermore, AVAX has fallen below the 20-Simple Moving Average (SMA) line, suggesting that sellers have been dictating the price momentum at the time of writing. This indicates a bearish sentiment in the market. In line with other technical indicators, the buy signal for AVAX has been diminishing. The Moving Average Convergence Divergence (MACD) indicator, which measures price momentum and reversals, has shown declining green histograms, indicating a decrease in buy signals. Additionally, the Bollinger Bands, which depict price volatility and the potential for price fluctuations, have significantly narrowed. This suggests that AVAX may experience a period of consolidation, with the potential for explosive price action in the upcoming trading sessions. Related Reading: Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom If AVAX can maintain its position above the current price level, there is a possibility that it might attempt a rally. However, the success of this rally will depend largely on the overall strength of the broader market and the support from buyers. Featured Image From UnSplash, Charts From TradingView.com

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AVAX Soars 9% As Avalanche And Chainlink Announce Partnership For Global Asset Circulation

According to a recent announcement from blockchain platform Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink (LINK) Labs to explore the potential of on-chain digital assets for global movement and settlement.  Using Chainlinks Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to connect the Avalanche and Ethereum (ETH) blockchains to enable [...]

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Circle Rolls Out USDC Cross Chain Transfer Protocol For Ethereum And Avalanche Networks

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Avalanche Foundation Commits $50 Million To Tokenized Asset Purchases

The Avalanche (AVAX) Foundation has launched a $50 million initiative, called Avalanche Vista, to pioneer the future of asset tokenization.  According to the announcement, the foundation will allocate the funds to purchase tokenized assets, often referred to as “real world assets” or “off-chain assets,” minted on the Avalanche blockchain.  KKR Fund Tokenization On AVAX The goal of the program is to support and demonstrate the value of tokenization, the process of creating an on-chain digital representation of an asset, item, or thing. Avalanche’s consensus mechanism, subnet architecture, and technical innovation aim to facilitate tokenization with greater speed, scalability, and customizability. Furthermore, Avalanche Vista will consider assets across the full liquidity spectrum, including equity, credit, real estate, commodities, as well as those that are blockchain-native.  Related Reading: Singaporean Judge Declares Crypto Is Personal Property In ByBit Case The initiative aims to demonstrate the merits of applying blockchain rails to historically more manual and operationally-intensive use cases, including asset issuance, settlement, transfer, and administration. The initiative follows major milestones in asset tokenization, including Securitize’s tokenization of an interest in a flagship KKR fund on the Avalanche blockchain, marking the first time exposure to one of KKR’s alternative investment strategies had been offered in a digital format in the U.S. Avalanche Vista aims to accelerate the growth of tokenization and its role in on-chain finance (“OnFi”) by unlocking broader access to private market investing.  Historically, investments in private markets have been primarily reserved for large institutional investors and ultra-high-net-worth individuals. The initiative aims to enable technologies that create significant efficiencies in these processes and improve the asset issuer and investor experience. According to a report by Security Token Advisors, 77% of capital markets participants believe traditional securities will be digitized within 5-10 years, and the size of the tokenized securities market alone is expected to grow to $20 trillion by the end of 2030.  With Avalanche Vista, the Avalanche Foundation is taking a big leap forward toward realizing this future. Avalanche Network Set To Unlock New Frontiers? Tokenization is a powerful technology with a wide range of potential use cases on the Avalanche network.  One of the key applications of tokenization is in the real estate industry, where it can be used to represent ownership in real estate assets. By creating digital tokens that represent fractional ownership in a property, it becomes easier to buy and sell these assets, which can be particularly useful in the context of large commercial properties or high-value residential properties. Related Reading: Maker (MKR) Shows Positive Moves As Top Coins Land In The Red Another area where tokenization can have a significant impact is finance. By representing financial assets such as stocks, bonds, and other securities as digital tokens on the blockchain, it becomes easier to trade and settle these assets securely and transparently.  Tokenization can also be used for identity verification, allowing for the secure storage and transfer of digital identities. This has the potential to reduce the need for central authorities in the verification process, making verifying identities easier and more efficient. Other potential applications of tokenization on the Avalanche network include art and collectibles, renewable energy, and charity and non-profit organizations. As the technology continues to develop, it can be expected to have more innovative use cases, transforming a wide range of industries and applications. Despite the potential for tokenization on the Avalanche network, the price of AVAX has remained relatively stagnant over the past few days. Over this period, AVAX has been trading within a narrow range of $13.10 to $13.53.  As of now, AVAX is trading at $13.18, which represents a decline of 1.2% over the past 24 hours and more than 5% over the past seven days. Featured image from Unsplash, chart from TradingView.com

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Avalanche (AVAX) Ecosystem Poised For An Explosion, Here’s Why

The Avalanche (AVAX) ecosystem is gaining increasing attention in the world of blockchain and decentralized finance (DeFi). Despite not being as well known as other chains, such as Ethereum or Binance Smart Chain, Avalanche’s unique consensus mechanism and interoperability with other chains make it a compelling option for developers and users alike.  With a promising [...]

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Avalanche Breaks $14 Price Level, Yet Remains Hinged On Crucial Resistance

During the recent weekend, Avalanche (AVAX) witnessed a significant surge in selling pressure, resulting in a bearish breakout. As a consequence, the price of AVAX dipped close to a multi-month low of $13.8. However, on the 24-hour chart, the altcoin displayed a slight upward movement, showing some appreciation. On the other hand, the weekly chart depicted lacklustre performance for AVAX. The technical outlook for Avalanche remains bearish, as both demand and accumulation levels have remained low. The price action of AVAX has been influenced by the undecided nature of Bitcoin (BTC), which recently re-entered the $27,000 range. Related Reading: XRP Aims For $0.50, Hinges on Breaking Through This Price Level This has caused other altcoins, including AVAX, to exhibit uncertainty on their respective charts. The overhead resistance level for AVAX holds significant importance, as surpassing this level could trigger a rally for the altcoin. Conversely, if sellers exert further pressure, AVAX may break its consolidation and fall below its immediate support level, thereby strengthening the bearish sentiment. Broader market strength is necessary for AVAX to reclaim its overhead ceiling. The decline in the market capitalization of AVAX indicates a decrease in buying strength at the current time. Avalanche Price Analysis: One-Day Chart At the time of writing, AVAX was priced at $14.70. It is currently trading in close proximity to its immediate resistance level of $15. A breakthrough above $15 has the potential to propel the altcoin towards $15.80 and ultimately $16. The involvement of buyers in the market is crucial to generate demand and facilitate AVAX’s upward price movement. On the downside, if AVAX fails to sustain its current price level, it may find support at $14 before potentially trading below that level. The recent trading session showed a decline in the amount of AVAX traded, indicating the dominance of sellers in the market. Technical Analysis Throughout May and part of April, AVAX experienced consistently low buying pressure, reflecting a limited demand for the altcoin. The Relative Strength Index (RSI) was below the 40-mark, indicating that sellers had a greater presence than buyers at the time of writing. Furthermore, the AVAX price fell below the 20-Simple Moving Average (20-SMA) line, demonstrating that sellers were the driving force behind the price momentum in the market. A significant move above the $15 price level would help AVAX surpass the 20-SMA line, suggesting a potential shift in momentum and possibly attracting more buying interest. Although AVAX recently returned to the $14 price zone, there are no clear indications of buying strength according to technical indicators. The Moving Average Convergence Divergence (MACD), provides insights into price momentum. It formed only one green histogram, which does not necessarily signify buy signals at this point. Related Reading: Litecoin Surpasses $90, But This Level Remains Crucial For The Altcoin The Bollinger Bands, which reflect price volatility and fluctuations, have remained wide, indicating that the possibility of price fluctuations cannot be ruled out in the upcoming trading sessions. Featured Image From UnSplash, Charts From TradingView.com

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Avalanche (AVAX) Trading Volume Skyrockets Amid Sustained Price Growth

Avalanche (AVAX) is gaining today as it seeks to retain its gains in the last 24 hours. Its trading volume is up by over 18% today, possibly sustaining its price recovery attempt. Notably, AVAX entered the month of May with a bullish momentum trading at $16.66 on May 1, 2023. However, the bears have kept AVAX’s price at $14 since May 18.  It now approaches the $15 price level seeking to rediscover its positive price form. The increased trading volume today implies that more activities are ongoing on the network. This surging interest in the network might help AVAX sustain its uptrend.  A return to $21 remains likely for the asset in the long term. AVAX Price Moves AVAX is gaining today, forming a higher high on the daily chart. The bulls are intent on mounting a recovery rally. However, the bears are still active in the market. Related Reading: How Does Current Bitcoin Rally Compare With Historical Ones? Since AVAX still trades below its 50-day and 200-day Simple Moving Averages (SMA), the asset will likely see a further price decline in the short and long term. The SMA’s display sell signals prompting traders to take short positions in the market today. However, some indicators are pointing to a price recovery for AVAX soon. For instance, the Relative Strength Index (RSI) is 38.53 and close to the oversold region.  The RSI indicator mirrors the bearish trend that began on May 18, 2023, but the indicator is moving upwards, hinting at a potential trend reversal for the asset.   Although the AVAX’s Moving Average Convergence/Divergence (MACD) is just breaking above its signal line and showing convergence, its histogram bars display small green bars hinting at a potential trend reversal to the upside.  A close look at the chart structure shows that AVAX entered a downtrend on April 19, 2023. But it found support on May 22, sparking hope for a price recovery.  What’s Ahead For Avalanche? AVAX has found valuable support at the $14.29 price level, a pivot point for the asset. It is currently trading above its closest resistance level of $14.29. However, the bears are still active in the market, intent on keeping it below the next resistance level of $15.21. From historical price behavior, AVAX pivoted on the $14.29 support on March 11, 2023, rallying to $21.29 on April 18, with dips in between. It replayed the same action on May 22 and will likely rally again to the $21 price level in the longer time frame. Related Reading: Former MicroStrategy CEO Says Bitcoin Rally Just Getting Started Note that crypto assets are volatile and can deviate from historical price action. Therefore sound technical and fundamental analysis is essential for trading. Featured image from Pixabay and chart from Tradingview.com

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Avalanche Struggles Under $18 – More Losses Seem Likely

Over the last few days, Avalanche has experienced significant losses, plunging by almost 20%. On a weekly timeframe, AVAX has lost 10% of its market value. Although the daily timeframe indicates that AVAX has made a slight upward movement on its chart, with an appreciation of 1.6%, the technical outlook for Avalanche remains bearish. Buyers have been cautious about price movements while sellers have dominated the market, leading to a decrease in both demand and accumulation on the daily chart. In order for the Avalanche price to experience some relief, it needs to break above the $18 mark. Related Reading: Bitcoin At $25,000 Or $30,000? Crypto Analyst Weighs In However, the $17 price level has acted as a supply zone for the altcoin. If bulls cannot defend the current price mark of the altcoin, the bears may take full control of the asset’s price. Similar to other prominent altcoins, major market movers have been struggling to break their crucial resistance levels. The decline in AVAX’s market capitalization indicates a decrease in buying pressure in the market. Avalanche Price Analysis: One-Day Chart At the time of writing, AVAX was priced at $17.17. The immediate resistance for the altcoin was at $18, and if breached, could lead to a push towards $19, thereby strengthening the bulls. However, if Avalanche continued to trade sideways, a fall below the $17 level was expected. In such a case, the next support level for the asset was $15. The altcoin’s recovery was dependent on buyers stepping in to push its price above the $18 mark. The recent amount of AVAX traded was red, which suggested an increase in selling pressure in the market. Technical Analysis Over the past week, there has been a significant drop in demand for the altcoin, leading to a decline in its value. Despite efforts by bullish investors to regain buying strength, it is essential to surpass immediate resistance to make progress. The Relative Strength Index indicates that sellers outnumber buyers, with the index below the 50-mark. Though there has been a minor upswing, the bearish influence continues to dominate. Additionally, the AVAX price remains below the 20-Simple Moving Average, indicating that sellers are gaining momentum and steering the market’s price action. In addition, further technical indicators suggest that bearish momentum is prevailing. The Moving Average Convergence Divergence indicator shows the price momentum and reversals in the market. On the one-day chart, red histograms have formed, indicating sell signals. Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally The Directional Movement Index determines the price direction, and currently, the -DI line (orange) is above the +DI line (blue), resulting in a negative DMI reading. The Average Directional Index (red) is above the 20-mark, indicating that the price momentum is gaining strength. Featured Image From UnSplash, Charts From TradingView.com

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