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Avalanche turns bullish: Can AVAX bulls break past the $50 mark?

Avalanche is a popular multi-chain smart contracts platform that helps to develop decentralized applications, so it is a tough competitor of Ethereum in the blockchain world. At the time of writing this post, AVAX was trading around $21.8, up more than 10% in the last 24 hours. The candlesticks…

Price analysis 2/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin (BTC) gained about 40% in January, its best finish in the first month of the year since 2013. The sharp rally caused a change in sentiment and the futures markets which saw backwardation in November and December started trading at a healthy contango in January, according to Glassnode.…

Avalanche Network daily transactions grow by 85% in Q4 2022

It looks like 2023 is off to an excellent start for AVAX, the native token of Avalanche Network, which has seen a surge since the beginning of the year. Data shows that from Jan. 1, when it was trading at $10.67, the token shot up to its 90-day high…

LTC, AVAX, APT and FTM prepare to rally as Bitcoin price targets $24K

Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner. Usually, a sharp recovery from the market lows, driven by the leader, is a…

Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday

Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Avalanche also surged today, hitting…

Price analysis 1/27: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

After two weeks of a stupendous rally, Bitcoin’s (BTC) price has largely been flat this week. This is a positive sign, as it shows that market participants are not growing nervous before a slew of central bank meetings takes place next week. The United States Federal Reserve, European Central…

Price analysis 1/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin (BTC) has been consolidating near $23,000 for the past few days. The next big question troubling investors is whether the rally is over or if Bitcoin resume its recovery. The strong year-to-date rally in Bitcoin has turned several analysts bullish in the short term. They anticipate Bitcoin to…

Biggest Movers: AVAX Hits Multi-Month Peak, as MATIC Jumps to 1-Week High

Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a…

Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while…

Price analysis 1/20: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

The United States equities markets are on track to finish the week in the red but that has not resulted in a deeper loss for Bitcoin (BTC). The news of cryptocurrency lender Genesis filing for Chapter 11 bankruptcy also did not have any meaningful impact on Bitcoin’s price. This…

More bitcoin in Avalanche than Lightning Network

There is more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network (LN), data on Jan. 18 reveals. Bitcoin in Avalanche Verified data indicates that as of Jan.18, there were slightly over 5,701 BTC in Avalanche, exceeding the amount locked in the LN at 5,229.30 BTC.  $BTC.b is the…

Donald Trump’s NFT Trading Card Collection

In recent days, there has been a significant uptick in the daily sales volume of nonfungible token (NFT) trading cards belonging to the former President of the United States, Donald Trump. According to market analytics aggregator Cryptoslam, sales volumes on January 18 and January 19 saw surges of 800%…

GMX Generates More Fees than BNB Smart Chain and Bitcoin

GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX’s 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees,…

Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event

Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest…

Ava Labs and Amazon’s partnership could “expand the pie” for blockchain

The Amazon Web Services (AWS)-Avalanche “cooperation,” as it was carefully described last week, should almost immediately make it easy for developers to establish nodes on the Avalanche blockchain, including via “one-click node deployment.”  Eventually, too, it might make it simpler for everyday businesses — i.e., non-crypto-related enterprises — and…

Price analysis 1/18: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

The United States producer price index (PPI) fell 0.5% for the month, which was much more than the 0.1% decline estimated by economists surveyed by Dow Jones. The largest monthly decline since April 2020 was also aided by a sharp drop in energy prices.  Another report showed that the…

DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023

Decentralized finance (DeFi) is on its way from becoming a small niche within the financial industry to something traditional finance (TradFi) is trying to incorporate.  In an interview with Cointelegraph at the World Economic Forum (WEF) in Davos, Switzerland, Emin Gun Sirer, the co-founder and CEO of Ava Labs,…

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days

Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to the current…

How to connect the Avalanche network to MetaMask?

One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save…

Biggest Movers: AVAX 22% Higher, as DOT Nears 1-Month High

Avalanche was one of Thursday’s big gainers, as the token rose by as much as 22% in today’s session. The move came as inflation in the United States fell to 6.5% as markets were expecting. Polkadot was another notable mover, with prices climbing close to a four-week high. Avalanche…

3 reasons why Avalanche (AVAX) price can double by March 2023

Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March. AVAX price breakout underway The AVAX/USD pair appears to have been forming a falling wedge…

AVAX gains 27% amid Avalanche’s partnership with Amazon

Following a recent report on Avalanche’s new collaboration with Amazon Web Services, the project’s token AVAX has gained 27% in value over the previous several hours. Compared to BTC and ETH, which at the time of writing had registered increases of 7.8% and 11.8%, respectively, AVA, presently trading at…

Avalanche partners with Amazon Web Services to boost blockchain 

Amazon Web Services and Ava Labs have teamed up to improve access to the Avalanche blockchain. Amazon Web Services (AWS), a subsidiary of Amazon that provides on-demand cloud computing platforms, has announced a partnership with Ava Labs, which supports the popular blockchain network Avalanche. The partnership will allow individuals…

Avalanche Impresses With 32% Rally – Will AVAX Sustain This Ascent?

The crypto rally that greeted the new year has definitely brought gains to the world of altcoins. According to CoinMarketCap data, most huge gains were made by altcoins in the past 30 days. AVAX, native token of the Avalanche blockchain, is one of them with gains of up to…

Ava Labs partners with AWS to offer one-click node deployment

Ava Labs, developer of the Avalanche network (AVAX), has partnered with Amazon Web Services (AWS) to implement new features intended to make running a node easier, according to a January 11 blog post from Ava Labs. The new features include one-click node deployment through the AWS Marketplace, AWS GovCloud…

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%

Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin Gün Sirer, said the collaboration was a “big deal” and, in comparison…

Avalanche Partners With Amazon, What’s Next For The Price?

Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries. Technically, the Avalanche…

Best 3 DeFi Protocols in Avalanche

DeFi protocols are in the picture again after the FTX collapse. Crypto users realize that they are better off when they have control over their crypto. DeFi protocols and non-custodial wallets give you that control. So, time to have a look at the 3 best DeFi protocols on Avalanche.…

Turkish automaker Togg onboards Metaco for crypto custody and governance

Turkish automotive company Togg announced a partnership with Metaco, a digital asset custody orchestration technology provider, to secure its open mobility ecosystem built on Avalanche.  Togg’s Mobility-as-a-Service platform (MaaS), a.k.a, Mobility Ecosystem, aims to deliver smart contract-powered use cases — including tokenization of mobility services, assessment of CO2 footprint…

AVAX Value Drops By 2% Following Grayscale Removal of Avalanche From Large Cap Fund

In its latest quarterly update, Grayscale announced the rebalancing of funds for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a certain amount of its Digital Large Cap Fund and dumped its held tokens, including Avalanche Network token AVAX.   AVAX has slipped by 2%…

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