Although the US Fed reduced the key interest rates by 25 basis points as expected, Jerome Powell made a couple of remarks that impacted the entire crypto market in a highly negative manner. The central bank’s Chair warned that the rate cuts for 2025 could be fewer after the three consecutive ones at the end...Read More
The Avalanche Foundation has launched its most significant network upgrade to date, Avalanche9000, introducing the Etna upgrade to its mainnet. It marks a fundamental shift in the Avalanche ecosystem by simplifying the process of launching Layer 1 blockchains, removing the complexities of the previous Subnet model. AVAX’s price remained largely unfazed despite the major overhaul....Read More
The AVAX native token for the layer-1 blockchain Avalanche is in severe pain this weekend, slumping more than 10% at one point in a fall to its lowest level since December 2023. Over the past 24 hours, the token has crashed from $27.87 to an intraday and six-month low of $24.92, according to CoinGecko. Moreover,...Read More
Solana’s market capitalization has topped $90 billion following a 10% gain on the day for SOL. This has driven token prices to just below $205, the highest level since December 2021. Furthermore, SOL has gained a whopping 45% over the past seven days as altcoins start to move in the wake of Bitcoin’s retreat from...Read More
The volume of daily large transactions on decentralized, open-source Proof-of-Stake blockchain Avalanche has surged to its highest since December 2023, as the network’s native token, AVAX, reached levels not seen since May 2022. According to a tweet from crypto market intelligence platform IntoTheBlock, Avalanche’s daily large transaction volume hit $329 million on Monday, March 11,...Read More
Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years,...Read More
New findings from crypto analytics firm Santiment provide interesting insights into the development activities of leading crypto assets. The data focuses on the top 10 crypto assets with significant GitHub commits in the last 30 days, with notable progress seen in Cardano, Polkadot, and Kusama. While Cardano reclaimed the top position, Avalanche has secured the...Read More
Ava Labs’ Core app has announced going seedless to boost Web3 adoption without compromising self-custody and security. The team behind Avalanche blockchain said that it has enabled users to generate and manage keys through simple Web2 methods like Gmail and Apple logins, making it more accessible. The key feature is Core’s Seed Abstraction, which is...Read More
Avalanche has been on a tear lately. The native token of the Layer 1 network – AVAX – stood out as one of the major crypto assets resilient to the recent drawdown in the market. It has recorded a remarkable weekly gain of over 82%, in stark contrast to the declining performance of its peers....Read More
Amidst a market-wide correction, Avalanche’s native token – AVAX – has emerged as an outlier, surging by almost 12% over the past day, pushing its yearly gains to 165%. The asset was currently trading at $35.63 – a level not seen since May 2022. AVAX has not only bucked the prevailing trend but also thwarted...Read More
Avalanche layer 1 blockchain hit a significant milestone last weekend, according to the data compiled by IntoTheBlock. Currently, the network has amassed a balance across more than six million addresses. Such a trend suggested an increased network activity as the market continued to recover from a minor correction. Further data suggest that the number of...Read More
Avalanche (AVAX) has surged to its highest price since August 2022, topping $24 today. Furthermore, the layer-1 blockchain token is the market’s top performer at the moment with nearly every other high-cap coin taking losses. AVAX has doubled in price over the past fortnight and made a whopping 166% over the last month, but what...Read More
The brutal bear market in crypto has significantly affected the price of AVAX. The latest downturn not just extended its weekly losses beyond 17% but also pushed the crypto asset to a multi-year low of $10.14. As a result, the number of AVAX holders in profit has reached an all-time low. Nearly 99.5% of the...Read More
On July 25, Avalanche stated that it was on a mission to “pioneer the future of asset tokenization.” Tokenization is poised to be one of the most impactful blockchain innovations of the next decade, it stated. Today, the Avalanche Foundation introduces Avalanche Vista, a $50M initiative to pioneer tokenization on #Avalanche Tokenization is poised to...Read More
New York-based blockchain company, Ava Labs, which leads the development of the Avalanche network, is reportedly raising $350 million at a $5.25 billion valuation. The latest talks about capital infusion come amidst the market threatening lower price levels demonstrating a modest volume of profit-taking by investors. As per Bloomberg’s sources, the new valuation would make...Read More
