AVAX Archives

Avalanche (AVAX) has experienced an impressive surge of over 29% in the past 24 hours

Avalanche (AVAX) surges by over 29%

November 16, 2023 1 min read

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

AVAX recently made the decision to reduce its workforce by 12%

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

November 7, 2023 1 min read

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

This release will see 9.54 million AVAX tokens become accessible

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

October 30, 2023 1 min read

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

Avalanche (AVAX) Experiences a Strong Bullish Surge, but Potential Short-Term Bearish Indicators Emerge

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

October 26, 2023 1 min read

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