Browsing:AVAX

Avalanche (AVAX) has defied the current market downturn, gaining 13% in the last 24 hours
6 months ago 1 min read

Avalanche (AVAX) is up by over 14%, trading at $40

Avalanche (AVAX) has defied the current market downturn, gaining 13% in the last 24 hours. This outstanding performance has propelled AVAX into the coveted top ten cryptocurrencies by market cap. Notably, the value of AVAX has more than doubled since the beginning of 2023, and it has gained 84.28% in the last week, reclaiming the $40 level for the first time since May of the previous year. Avalanche (AVAX) has now surpassed Dogecoin (DOGE) to become one of the top ten cryptocurrencies by market capitalization. The crypto’s rising market cap puts it on a path similar to Solana’s recent meteoric

FTX has completed nearly $36 million in token transfers
6 months ago 1 min read

FTX exchange completes nearly $36 million in MATIC and AVAX tokens transfers

Bankrupt cryptocurrency exchange FTX has completed nearly $36 million in token transfers. According to Lookonchain, the transactions involved Polygon (MATIC) and Avalanche (AVAX). Interestingly, these transfers correspond to FTX’s ongoing settlement negotiations with the US Department of Justice (DOJ), which total $4.3 billion. The MATIC transfer was divided into two sections. One portion, worth approximately $7.45 million in MATIC tokens, was sent to Binance via FalconX. Concurrently, another segment containing 12.6 million MATIC tokens worth approximately $9.6 million was transferred to Coinbase. Additionally, FTX transferred approximately $19.25 million in Avalanche tokens (AVAX) to Binance via FalconX. While FTX has been

Near Protocol (NEAR) and Avalanche (AVAX) tokens have outperformed some big names in the crypto market with notable gains.
6 months ago 1 min read

Avalanche (AVAX) and Near Protocol (NEAR) Tokens Rally with 8% and 7% Gains

Near Protocol (NEAR) and Avalanche (AVAX) tokens have outperformed some big names in the crypto market with notable gains. The Avalanche platform’s native token, AVAX, saw a remarkable 8.2% increase in the early hours of Friday. This performance is noteworthy, particularly in light of the general market conditions in which major players such as Ethereum and Bitcoin experienced declines. Ethereum fell below $2,000, and Bitcoin fell below $36,500. One significant factor that attracted investors to AVAX was Avalanche’s participation in Project Guardian, an initiative of the Monetary Authority of Singapore (MAS). This project demonstrated real-world blockchain applications for asset management

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours
7 months ago 1 min read

Avalanche (AVAX) surges by over 29%

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours, reaching a high of $24, marking its peak in 15 months. This significant resurgence in Avalanche’s price has been due to a recent collaboration announcement between Onyx, JPMorgan, and Apollo Global. This collaboration is part of Project Guardian, which aims to integrate LayerZero Labs, connecting Onyx with a permissioned Avalanche Evergreen Subnet. The primary goal is to streamline fund subscriptions and redemptions for WisdomTree Prime, representing a substantial step forward in reshaping the asset and wealth management industry. The successful test conducted by Onyx and

AVAX recently made the decision to reduce its workforce by 12%
7 months ago 1 min read

Ava Labs (AVAX) Announces Workforce Reduction of 12% for Resource Reallocation

Ava Labs, the developer behind the Avalanche blockchain (AVAX), recently made the decision to reduce its workforce by 12%, according to the company’s founder and CEO, Emin Gün Sirer. In a post on the social platform X, Sirer explained that the staff cuts are part of the company’s strategy to reallocate resources and double down on the growth of the firm and the broader Avalanche ecosystem. He acknowledged the challenges posed by bear markets in the crypto industry but expressed gratitude for Ava Labs’ substantial resources and runway, which will be instrumental in advancing the Avalanche ecosystem for years to

This release will see 9.54 million AVAX tokens become accessible
7 months ago 1 min read

Avalanche (AVAX) to unlock $110 Million token in November

Avalanche (AVAX), the Layer 1 blockchain project, is preparing for a significant token unlock scheduled for November 24. This release will see 9.54 million AVAX tokens become accessible, with a total value of around $109.64 million. These tokens represent 2.69% of Avalanche’s circulating supply. The upcoming token unlock will have four primary beneficiaries: This token unlock is a significant event for the Avalanche ecosystem and its stakeholders, as it provides access to a substantial amount of AVAX tokens for various purposes, including further development, partnerships, and rewarding airdrop participants.

Avalanche (AVAX) Experiences a Strong Bullish Surge, but Potential Short-Term Bearish Indicators Emerge
7 months ago 1 min read

Avalanche (AVAX) rallies from $8.65 to $10.8 while Bitcoin (BTC) also jumps close to $35,000

Avalanche (AVAX) has been on a bullish streak over the past six days, posting impressive gains of nearly 25%. During this period, AVAX’s price surged from $8.65 to $10.8. Note that Bitcoin (BTC) also saw an increase of almost 24% during the same timeframe. Last week, the $9.2 level for AVAX witnessed an increase in liquidations, as indicated by Hyblock data. The $8.8-$9 range was identified as a potential area for a bullish reversal toward $10, and this analysis has been confirmed by recent price action. Back on August 29, AVAX experienced a brief bounce, reaching $11.21, before a downtrend