Avalanche

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Ethereum closest rival Avalanche ($AVAX) is showing no signs of slowing down any time soon as it continues soaring in value. This follows after the asset claimed a spot in the top 10 biggest cryptocurrencies by market value over the weekend.
Avalanche ($AVAX) Can’t Stop Rising
According to data from Coinmarketcap, the native cryptocurrency of the high-speed, low-cost blockchain, AVAX, was up 10% today. In the early hours of today, the crypto asset topped a daily high of $142.34 before correcting. At the time of writing this report, the asset is trading at  $139.04.
With a vast majority of other cryptocurrencies down, Avalanche is up 44.3% in a week, bringing its market cap to over $30 billion.
Similar to Ethereum, Avalanche is also designed to offer a network where decentralized finance (DeFi) products can be built.
But there is a huge difference between the two. Building on Ethereum — the network behind the second-biggest cryptocurrency by market cap, is expensive and slow especially when there’s a lot of activity on the network. Avalanche, on the other hand, is relatively faster and cheaper. Let’s break this down even more.
While Ethereum can only process about 30 transactions per second, with transaction fees on the network reaching hundreds of dollars, Avalanche can process up to 4,500 transactions per second. Not only that, transactions on the network can even be lower than $1 at some point.
Meanwhile, Ethereum developers are currently working on a long-anticipated ETH2.0 upgrade. With that upgrade, the network aims to offer a faster and cheaper transaction experience to users, that will compete better with second and third-generation blockchains such as Avalanche and Solana.
Why Exactly Is AVAX Rising Non-stop?
Avalanche’s recent fortune may be attributed to investors sizing up the “next Ethereum” while Bitcoin and Ethereum continue to experience sell-offs.
Recall that on Sunday, CEO of Singaporean crypto hedge fund Three Arrows Capital, Zhu Su claimed in a tweet, to have abandoned Ethereum despite supporting it in the past. He then added that he is now an AVAX investor.
Ever since Su made those comments, the price of the AVAX has continued to rise.
Judging by the look of things, DeFi users and investors may finally be appreciating the benefits of the blockchain, hence the non-stop rise of Avalanche.
The post Avalanche ($AVAX) Retains Momentum, Soars 10% in 24 Hours appeared first on Coingape.


Ethereum closest rival Avalanche ($AVAX) is showing no signs of slowing down any time soon as it continues soaring in value. This follows after the asset claimed a spot in the top 10 biggest cryptocurrencies by market value over the weekend. Avalanche ($AVAX) Can&#8217;t Stop Rising According to ...

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Avalanche ($AVAX) Retains Momentum, Soars 10% in 24 Hours

The AVAX coin displays a steady uptrend in the technical chart making a new all-time high at the $417.3 mark. This coin showed a minor pullback yesterday and now eyes to breach this new resistance too.
The ADA coin is currently in a short-term downtrend that is steadily falling to the lower levels of this chart. However, it seems the coin aims to drop more than the expectation of long traders as its price has recently given a breakdown from the crucial support of $1.9.
AVAX/USD Chart In The 4-hour Time Frame

Source- AVAX/USD chart by Tradingview
As mentioned in my previous article on AVAX/USD, the coin price resonated in a rising channel pattern in the 4-hour time frame chart. Furthermore, with the increasing bullish momentum in this coin, the price gave a bullish breakout from this pattern, providing an excellent opportunity for crypto traders.
The coin continued to rally stronger and surged 27% before giving a decent pullback. Today, the token is up by 11% and aims to breach the new All-Time High of $146.2.
The 50-day EMA is providing strong support to AVAX price. Moreover, the Relative Strength Index value at 70 confirms a bullish sentiment for this coin.
ADA/USD Chart In The Daily Time Frame

Source- ADA/USD chart by Tradingview
Referring to my previous article on Cardano, I have clearly explained the importance of $1.9 due to the confluence of the few crucial technical levels. On November 16th, the coin price breached this critical support level, triggering an excellent sell opportunity for crypto traders.
However, it is highly suggested that these traders strictly follow their risk management, as the chart also displays a hidden bullish divergence in RSI and a few lower price rejection candles below the broken support, indicating the presence of demand pressure.
If the price could sustain below $1.9, the coin has a high possibility of dropping to the $1.5 mark.
 
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The post Avalanche And Cardano Price Analysis for November 22nd  appeared first on Coingape.


The AVAX coin displays a steady uptrend in the technical chart making a new all-time high at the $417.3 mark. This coin showed a minor pullback yesterday and now eyes to breach this new resistance too. The ADA coin is currently in a short-term downtrend that is steadily falling to the lower level...

Avalanche And Cardano Price Analysis for November 22nd 

Layer-1 blockchain platform and Ethereum-competitor Avalanche (AVAX) is making all the news despite the recent market correction. Late Sunday, November 21, Avalanche (AVAX) topped an all-time high of $146 making its way into the top-ten crypto list and seating Dogecoin (DOGE).
As of press time, AVAX is trading at $136 with a market cap of $29.2 billion. On Sunday, the Avalanche (AVAX) price gained a massive 20% to touch new record highs. As of its price at the all-time high, AVAX has surged nearly 47% in seven days, a staggering 83% in two weeks, and more than 133% over the last three months.
Since the beginning of 2021, AVAX has gained close to a staggering 3,800%. Currently, stablecoin Tether (USDT) contributes to most of the AVAX trading volumes.
Avalanche’s Collaboration With Delloite
One of the major fuels to the Avalanche rally is its announcement of a collaboration with Delloite. The announcement notes that Avalanche will work with Delloite in building a more efficient disaster-relief platform on the Avalanche blockchain.
Dubbed as ‘Close As You Go’, the platform will leverage the Avalanche blockchain to improve the speed, security, and accuracy of FEMA funding. Speaking of the development, founder of Avalanche Labs, Emin Sirer said:
The new platform gives state and local officials a decentralized, low-cost and fully immutable system that empowers both the grant funders, and the aid recipients, while using the transparency of blockchain to minimize fraud, waste and abuse.
The security and fast consensus of the Avalanche network quickly gathers, processes and authenticates required documents, improving the accuracy of federal disaster claims because of the nature of how code governs the process.
He further added that avalanche being a carbon-neutral platform, its eco-friendly goals align well with that of Delloite. In one of his recent tweets, Sirer also busted the myth that one Avalanche will be as slow as Ethereum once the adoption increases.

I keep hearing this: "but but but some day Avalanche will be as slow as Ethereum."
No. Avalanche brought us the biggest breakthroughs in consensus and bridging. We will address lesser engineering problems without batting an eyelid. https://t.co/jtqpjCurb5
— Emin Gün Sirer (@el33th4xor) November 21, 2021

The post Avalanche (AVAX) Dodges Crypto Market Correction, Makes Way to Top Ten Crypto-List appeared first on Coingape.


Layer-1 blockchain platform and Ethereum-competitor Avalanche (AVAX) is making all the news despite the recent market correction. Late Sunday, November 21, Avalanche (AVAX) topped an all-time high of $146 making its way into the top-ten crypto list and seating Dogecoin (DOGE). As of press time, A...

Avalanche (AVAX) Dodges Crypto Market Correction, Makes Way to Top Ten Crypto-List

Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with its $31.5 billion market cap. On November 21, avalanche tapped an all-time price high at $144 per unit as the crypto asset has gained a whopping 3,795% in 12 months.
Avalanche Value Spikes Over 20% Over the Last 24 Hours
The crypto asset avalanche (AVAX) has increased a great deal over the last 24 hours jumping in value more than 21%. Besides gala (GALA), avalanche is the biggest crypto asset gainer during the last day. On Sunday, AVAX reached an all-time high (ATH) at over $144 per unit and has entered the top ten cryptocurrencies by market capitalization. AVAX’s market is just below the stablecoin market usd coin’s (USDC) $36.2 billion capitalization.
Seven-day statistics indicate that AVAX has climbed 46.9% in seven days, 83% in two weeks, over 133% during the last three months, and year-to-date, AVAX is up 3,795%. Tether (USDT) commands 63.84% of today’s AVAX swaps while the U.S. dollar has around 14.23% of AVAX trades. This is followed by trading pairs such as BTC (9.58%), BUSD (5.56%), TRY (3.86%), ETH (1.33%), and BNB (0.79%).

The most active crypto trading platform exchanging avalanche (AVAX) on Sunday is Binance. The exchange Binance is followed by Okex, Trader Joe, Huobi Pro, Bitfinex, and Coinbase in terms of AVAX trades. Defillama metrics show that AVAX holds the fourth-largest total value locked (TVL) in decentralized finance (defi) with $12.74 billion. In the last 24 hours, the TVL increased 10.85% and over the last week, it increased 20.95%.

The Avalanche-based decentralized exchange (dex) Trader Joe has seen a 34% increase in users over the last seven days and $1.1 billion in global trade volume. The dex Trader Joe is the second-largest platform in terms of trade volume below Uniswap’s $4.29 billion in weekly swaps. Trader Joe is also the sixth-largest defi protocol in terms of TVL with $2.59 billion total value locked on Sunday. Furthermore, Avalanche-based tokens like joe (JOE) and wonderland (TIME) have been rising in value alongside the native currency AVAX.
What do you think about Avalanche hitting an all-time high and making it into the top ten crypto assets in terms of market cap? Let us know what you think about this subject in the comments section below.



























Cryptocurrency markets have started to recuperate from last week&#x2019;s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also c...

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Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets

The AVAX coin displayed an incredible rally in its chart, where the coin price has grown around 110% in just one month. The coin price is currently busy making new higher highs as the price action has not shown any reversal sign. A positive piece of news that would have favored the AVAX coin would be Delottie using the Avalance blockchain to build a better disaster relief platform.
Key technical points:

The AVAX coin price obtains good support from the 50 EMA line
The daily RSI line refuse to rally like AVAX price 
The intraday trading volume in the AVAX coin is $1.75 Billion, indicating a 9.73% loss.


Source- AVAX/USD chart by Tradingview
On November 7th, the AVAX coin provided a proper confirmation for resuming its uptrend when it broke out from the previous swing high of $79.1. The coin initiated a strong rally, and till now, it has surged 50% from the breakout point.
The coin price has reached the 1.0 Fibonacci extension level and suggests the next resistance level at the $148(1.414) mark. Moreover, the 50 EMA line provides strong support to the coin price and indicates bullish alignment in the crucial EMAs(20, 50, 100, and 200)
The Relative Strength Index(75) indicates that the coin price is currently under a bullish sentiment. However, compared to the coin’s price action, the RSI line has not provided significant growth.
AVAX/USD Chart In The 4-hour Time Frame

Source- AVAX/USD chart by Tradingview
The AVAX chart showed the price gave a bullish breakout from a rising parallel channel in the 4hr time frame chart. A bullish breakout of such patterns indicates, even more, buying pressure from the market participants. 
Now, the Resistance trendline should act as a good support level, and by displaying good demand pressure at this level, the coin traders should get an entry opportunity.
 
The post Avalanche Price Analysis: AVAX Coin Shows Steady Growth In The Technical Chart; When Will A Buying Opportunity Occur? appeared first on Coingape.


The AVAX coin displayed an incredible rally in its chart, where the coin price has grown around 110% in just one month. The coin price is currently busy making new higher highs as the price action has not shown any reversal sign. A positive piece of news that would have favored the AVAX coin woul...

Avalanche price	$117.99
Low - High 24H	$109.82 - $122.08
Market cap	$26.27B
Volume 24H	$867.20M
All time high	$144.96 -19.05% November 21st 2021
All time low	$2.80 4089.55% December 31st 2020
Genesis date	N/A

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