A well-known cryptocurrency analyst World of Chart has outlined possible movements for Avalanche (AVAX). Positive scenario for AVAX is predicted by the analyst, with the technical pattern called the “falling wedge” which may introduce a breakout, being an important sign. World and Chart states that Avalanche has been following this falling wedge pattern, which happens […]
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BlockDAG Leads Crypto Innovation with $11.4M Presale Success Amid Avalanche’s New Program and OKB’s Security Snag
In the crypto market, Avalanche has introduced a $1 million Meme Coin Rush program to inject liquidity and foster ecosystem growth, capturing significant attention. Meanwhile, the OKB token has experienced a downturn following an API issue at the OKX exchange, highlighting the critical need for stringent security in digital asset trading. Amidst these updates, BlockDAG […]
Avalanche and Chainlink Collaborate for Seamless Tokenized Asset Settlement
The financial landscape is undergoing a transformation, driven by the potential of blockchain technology. A recent SWIFT report highlights this shift, with a staggering 97% of institutional investors believing tokenization holds the key to revolutionizing the asset management industry. This week, a successful collaboration between Australia and New Zealand Banking Group (ANZ), Chainlink Labs, and […]
Polygon Dominates 2023 Blockchain Scene With Record User Acquisitions
In the dynamic landscape of blockchain networks during 2023, Polygon (MATIC) quietly demonstrated strong performance, outshining competitors in crucial metrics. While many may have overlooked the platform’s achievements, recent data disclosed by Flipside brought to light the impressive standing of Polygon in the blockchain arena. The report “Ethereum and Polygon Led the Pack with 30.6MM […]
Polygon’s Parallelized EVMs Offer Hope Amidst Blockchain Inscription Woes
Inscriptions, the latest digital collectible craze, have caused havoc on various blockchain networks, including Arbitrum, zkSync, and Avalanche. Branden Farmer, co-founder of Polygon, suggests that implementing parallelized Ethereum Virtual Machines (EVMs) could be the silver bullet to address the performance degradation and crashes triggered by the influx of inscriptions. This novel form of digital collectible […]
Crypto Sees $103M Inflows, Reversing Last Week’s $16M Outflows
The crypto market witnessed a significant surge in investment, with inflows totaling an impressive $103 million during the week ending December 22. This sharp reversal comes on the heels of a previous week that saw $16 million in outflows, signifying a remarkable shift in investor sentiment. The latest data reveals that crypto exchange-traded products (ETPs) […]
AVAX Soars: Defying Market Crash, Surges 50% in a Week, Eyes $41 Resistance
AVAX managed to fully recover from Monday’s market crash when the majority of cryptocurrencies found themselves in the red. Bulls took charge, propelling AVAX to new heights, and it currently hovers just beneath the crucial resistance level of $41. This remarkable performance translates to a 50% increase compared to its value seven days ago and […]
Avalanche Overtakes Dogecoin: Climbs To 9th Position With Soaring Market Cap
Avalanche has successfully surpassed Dogecoin to secure the ninth position on CoinMarketCap’s leaderboard of the top 100 cryptocurrencies. The current market value of Avalanche stands at an impressive $14,259,273,712, outshining Dogecoin’s market cap of $13.72 billion. Over the past month, AVAX has experienced a remarkable surge in its price trajectory, coinciding with a peak in […]
Crypto Inflows Surge: Mixed Sentiments Amid 11th Consecutive Week
In the fast-paced realm of crypto investment, the last week has marked the 11th consecutive week of inflows, albeit with a notable twist in investor sentiments. According to the latest Digital Asset Fund Flows Weekly Report, a total of $43 million was poured into various digital asset investment products. However, this figure reflects a marked […]
Avalanche DeFi’s $8.5M Heist: Court Acquits “Ethical Hackers”
A French court has acquitted two hackers involved in the exploitation of the Platypus stablecoin project on Avalanche. The incident took place in February when the Platypus stablecoin USP fell victim to a flash loan attack, leading to a financial loss of $8.5 million. The accused individuals claimed to be hackers with good intentions, asserting […]