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Crypto
AVAX,BNB,GLMR,KLAY,TBD
Avalanche(AVAX)

$35.85

-0.19%

Market Cap
13.17b
 

-0.19%

Volume (24h)
438.29m
 

15.21%

Released on 13 Jul 2020
Crypto
Market Cap
N/A
 

Volume (24h)
35.42m
 

28.04%

Released on 27 Apr 2021
Bitcoinist
Bitcoinist
Crypto
AVAX
Husky Avax(HUSKY)

$5.01e-8

0.69%

Market Cap
N/A
 

Volume (24h)
55.67k
 

29.42%

Released on 29 Aug 2021
Crypto Web3 Today
Crypto Web3 Today
followers

AVAX Slips, Adding Tension To $365 Million Avalanche Token Unlock Drama. The price of Avalanche's AVAX token has dipped by 11% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token's circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX. Unlocking Event Triggers AVAX Price Dip. Token.Unlocks data indicates that on Thursday, locked-up tokens valued at approximately $303 million will be released from vesting and put into circulation. On February 15th, a significant unlocking event saw 9.5 million AVAX tokens, worth roughly $365 million, released from a vesting period. This influx of previously locked-up tokens coincided with a price decline for AVAX, which fell from $40.32 to its current price or nearly $37. This aligns with historical trends, as a 2023 report by The Tie found that large unlocking events often lead to price drops within two weeks due to supply outpacing demand. Analyst Opinions Diverge. Despite the recent dip, some analysts remain optimistic about AVAX's future. The Tie's report, while acknowledging the short-term price pressure, highlights the Avalanche network's growing activity, fueled by popular NFT collections like Dreamheadz and Dokyoworld. The increased engagement within the NFT space is seen as a positive indicator for long-term adoption and potential price appreciation. Furthermore, analysts point to AVAX's outperformance compared to specific peers like Celestia and Solana in recent days. This suggests some resilience in the face of the unlocking event and potential buying pressure despite the overall price dip. Some analysts even predict a possible climb to the $40 mark by the end of February, although this remains speculative.

4 days ago
Voice Of Crypto
Voice Of Crypto
followers
  • This week, $400 million worth of AVAX tokens will be unlocked, posing a potential surge in selling pressure for the cryptocurrency market. - The unlocking event signifies a substantial release of AVAX tokens into circulation, sparking worries about a possible price downturn. - Analysis of weekly and daily charts indicates that bullish sentiment may prevail in the near term. - AVAX could encounter resistance at the $50 mark, hindering its upward trajectory despite potential short-term fluctuations. Avalanche, a cryptocurrency, showcased an impressive price performance, especially during the final quarter of 2023. Recent observations indicate that its price has remained stable, even exhibiting a modest increase of approximately 5% over the past week. However, concerns loom on the horizon. A substantial amount of nearly $400 million worth of AVAX is poised to be unlocked on February 21, 2024, potentially leading to significant selling pressure. The impending token unlock, totaling 10.24 million AVAX tokens, translates to a staggering $376.61 million at the current market value of $40 per AVAX. This unlocking event is part of the Genesis distribution of Avalanche, involving the distribution of 360 million AVAX tokens to various entities, each with distinct vesting schedules and conditions. Scheduled for February 21, this unlock represents approximately 2.6% of the circulating supply of the cryptocurrency, estimated at about 367.51 million AVAX. Furthermore, the current trading volume for Avalanche is approximately $478,649,879, making the impending unlock equivalent to about 63% of this volume. Such a significant influx of tokens into the market has the potential to disrupt the delicate balance between supply and demand, potentially resulting in a considerable price downturn for AVAX. Assessing the current market sentiment, Avalanche has exhibited minimal upward movement, with a marginal increase of only 0.1% in the past day, which is relatively subdued considering the overall market performance. Analyzing the weekly chart, Avalanche rebounded from its 20-week Exponential Moving Average (EMA) around $27 on January 22, following its rejection from the $50 mark. Zooming into the daily chart, Avalanche appears to be supported by its 20-day EMA, suggesting stability in the short term. However, caution is advised if AVAX breaches the $38.44 mark, where the moving average resides. Despite the potential challenges, Avalanche remains buoyed by an ascending trendline, indicating ongoing bullish sentiment over the medium term. While the $50 resistance level remains a critical battleground, AVAX's upward trajectory appears intact, with significant downside risks only materializing below the $38.44 to $34 range. Disclaimer: While Voice of Crypto endeavors to provide accurate and timely information, readers are advised to conduct their own research and exercise discretion, given the highly volatile nature of cryptocurrencies. #AVAX #Avalanche #cryptocurrency #Crypto2024 #TrustWallet $AVAX
6 days ago
TopCryptoNews
TopCryptoNews
followers

There have been many exciting developments in the crypto market since the start of 2024, and many cryptocurrencies have been making major moves, with perhaps the biggest star of the most recent period being Ethereum (ETH) as it reclaimed $3,000 for the first time in almost full two years. Indeed, nearly every week has brought some action that could have helped savvy crypto traders multiply their investments, and late February is no different. In this context of high hopes that some milestones – long in the making, such as XRP’s expected surge to $2 – will be reached, but with risks of unexpected mishaps still high, Finbold decided to take a look at 3 cryptocurrencies well-positioned to help investors $100 into $1,000 as soon as next week. Bitcoin (BTC) As the world’s foremost cryptocurrency, Bitcoin (BTC) has again taken the lead in the most recent rallies. BTC made headlines twice in the initial weeks of the year, first due to the approval of nine spot Bitcoin exchange-traded funds (ETFs) and then as the leader of a $100 billion wipe that happened as the crypto market was adjusting to the newborn nine. The cryptocurrency has since experienced a major surge. At approximately $52,000, it is again eyeing a surge toward its previous all-time highs – though it remains uncertain if Bitcoin will be struck by a major correction and a major buying opportunity before it restarts a bull run. Finally, in approximately two months, BTC is likely to skyrocket as its newest halving event – an event that historically helped Bitcoin surge tenfold and, sometimes, hundredfold – is expected to take place. Bitcoin price chart Since 2024 started, Bitcoin has offered a fairly strong performance – barring the decline in the weeks immediately following the ETF approvals. Year-to-date (YTD), BTC is up 17.19%. This trend is present in the more recent period as Bitcoin climbed 30.98% over the last 30 days, and the previous 24 hours of trading, however, saw it decline 0.17% to $51,763.60. Bitcoin technical analysis The technical analysis (TA) for Bitcoin, retrieved from TradingView on February 22, reveals that BTC is likely to continue rising as its overall rating stands at “buy.” Additionally, moving averages reveal that BTC is, at press time, particularly strong as they rate it a “strong buy,” though oscillators are neutral. Solana (SOL) Solana’s (SOL) recent performance has been drawing a lot of attention – and with good reason, given that it, in a matter of months, rose from about $20 to above $100. It has also recently seen a surge in network activity, and the meme coins on its blockchain have also been increasingly popular. Even the Solana mobile team achieved success and sold out the inaugural Saga smartphone – largely due to a strange arbitrage opportunity offered by the presence of BONK tokens on each phone – and is now working on a new model. Perhaps the most striking statistic showcasing Solana’s strength is the fact that its transaction volume surged above $1 trillion in January – meaning it had achieved a multi-year high in the first month of 2024. Solana price chart While undergoing a downtrend in January – along with much of the crypto market – Solana is, overall, 5.38% in the green YTD. Its more recent performance has also been fairly strong 21.23% up in the last 30 days, and it rose 2.55% on the latest day of trading. At press time, the price of SOL is $106.17. Solana technical analysis The technical analysis for Solana reveals that the token is likely to continue with its strong performance in the coming days and weeks. Overall, technicals provided by TradingView rate it as a buy, with oscillators being overall neutral but moving averages ranking it as a “strong buy.” Avalanche (AVAX) Recent months featured significant milestones for Avalanche (AVAX) as it not only saw its price surge in the Q4 2023 crypto market rally but also entered into multiple beneficial partnerships, with those with BLRD, a Web3 gaming company and Amazon’s (NASDAQ: AMZN) AWS cloud services arguably being the most important. Avalanche is also currently in a high-risk, high-reward situation as its most recent trend has been one of decline and February 21 saw it wipe as much as $1 billion in a single day. Avalanche price chart Indeed, unlike Bitcoin’s and Solana’s, Avalanche’s 2024 volatility led it to decline 2.49% between January 1, and February 22. Despite this, and despite last week’s downtrend, AVAX is up 20.47% in the previous 30 days and the most recent 24 hours of trading saw it rise 1.25% to $37.60. AVAX technical analysis Looking ahead, Avalanche’s technicals show that the token is likely to rise in price, especially given that the major unlocking event – a big contributor to its recent downtrend – has passed on February 21. Overall, TradingView’s analysis rates it a “buy,” with oscillators being neutral but moving averages reading “strong buy.” It is worth noting, however, that there is significantly more deviation for AVAX technicals depending on the exact time frame chosen that is the case with BTC and SOL as, while its weekly performance rates it as “buy,” the daily and monthly data leans more toward a neutral ranking. $AVAX $SOL $BTC #AVAX #BTC‬ #SOL #Write2Earn

3 days ago
Crypto Ahmet
Crypto Ahmet
followers

🔓🔥Critical threshold for Avalanche (AVAX): The big unlock is approaching! #avalanche ( #AVAX ), which is trying to become permanent over $ 40, will open a $ 380 million token lock on February 22. Bitcoin (BTC), the leader of cryptocurrencies, created a positive outlook on the market by pricing over 52 thousand dollars. The disappearance of the expectation of a decline in the cryptocurrency market has revealed the appetite for buying. Many altcoins have achieved significant increases with the increase in money inflows. The popular cryptocurrency Avalanche (AVAX) has reached $ 40, achieving a 25 percent rise since the beginning of February. Dominated by bullish expectations, Avalanche will face an important bend on February 22. Avalanche (AVAX) opens the lock on the door According to data from TOKENUNLOCKS, 9.54 million AVAX ($ 380 million) will be unlocked on Avalanche. Shares will also be distributed to the team and the foundation at the lock opening, which will take place on February 22. According to TokenUnlocks data, the 9.54 million AVAX that will be unlocked will be distributed in 4 different ways. After the opening of the lock, AVAX 2.25 million ($ 89.55 million) will be transferred to strategic partners. The other three distributions are as follows; AVAX 1.67 million ($ 66.34 million) will be transferred to the Foundation, AVAX 4.5 million ($ 179.1 million) will be transferred to the team and AVAX 1.13 million ($ 44.78 million) will be allocated for airdrops. The lock opening, which will take place on February 22, corresponds to 2.6 percent of the AVAX roaming supply. For this reason, it is stated that there may be short-term volatility in the AVAX price. According to Tokenunlocks, 42.07 percent of the total AVAX supply is locked. These AVAXS will be fully launched into circulation on October 20, 2030. #Write2Earn #binance #crypto2023

6 days ago
Crypto七安
Crypto七安
followers

What currency should I buy to gain financial freedom? Before the bull market, you need to devote a lot of time to research projects 1. Trading volume: 24-hour trading volume is at least 1-10M 2. Currency holding volume: The size and quantity of currency holding address positions must be observed. The position cannot be too large, as it may cause a market crash. The larger the quantity, the better. 3. Team background: Be sure to research the team’s background. Don’t open the official website and see the Chinese page. This is a 100% pig-killing game. Don’t be too lazy to search on X (original Twitter) to learn about other people’s backgrounds. 4. Technological innovation: Coin speculation generally involves speculation on the new rather than the old. Some innovative protocols and technologies will attract a large number of investors to join and may replace the old protocols. Then choose a few projects that you think you are good at and invest in them regularly Multiple tracks need to be laid out together Rats/ordi like the recent inscription track kas/inj/avax of layer1 public chain track rndr/tao of artificial intelligence track Naka on the chain travel circuit If you think Ether can still take off in this bull market, you can also invest in arb/op on its layer 2 track.

3 days ago

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