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Avalanche (AVAX) is trading in the green zone across all time frames. As CoinGecko’s AVAX data reveals, the asset has rallied 3.8% in the daily charts, 10.1% in the weekly charts, 9.8% in the 14-day charts, and 10.1% over the previous month. AVAX’s rally comes amid other major assets facing slight corrections or plateauing. Bitcoin (BTC) reclaimed the $113,000 mark on two occasions this month, but has fallen to the $111,000 price point. Ethereum (ETH) is also facing substantial resistance at the $4300 level. AVAX seems to be making better progress than the two largest crypto projects by market cap. In this price prediction article, let’s discuss if Avalanche can sustain its rally or if it will face a correction. Source: CoinGecko Avalanche Price Prediction: Continued Rally or Correction? Source: btcmanager AVAX’s latest price surge could be due to the project announcing a partnership with Toyota Blockchain Lab to build a blockchain-based robotaxi network. Robotax...

The cryptocurrency market is showing signs of a recovery. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has also risen to $2.78 trillion. Avalanche (AVAX) follows the current market uptrend. AVAX’s price has rallied 0.9% in the daily charts, 17.8% in the weekly charts, 6.3% in the 14-day charts, and 3.2% over the previous month. Despite the rally, the asset’s price is down 43.7% since mid-April 2024. Also Read: Amazon (AMZN): How Prime Could Send Shares Soaring in 2025? Source: CoinGecko Cryptocurrencies Gain Amid Tarrif Pause Source: Watcher Guru The cryptocurrency market resurgence came after President Trump announced a 90-day pause on tariffs, except for those on China. The move may have led to a boost in investor confidence. AVAX and other cryptocurrencies have seen substantial inflows after the rate pause announcement. Also Read: Intel Stock (INTC) Climbs Following Altera Sale Deal Avalanche’s (AVAX) latest rally also comes afte...

The crypto giant Grayscale has launched a new trust for the layer-1 Ethereum (ETH) competitor Avalanche (AVAX). Rayhaneh Sharif-Askary, Grayscale’s head of product and research, says Avalanche has played a “pivotal role” in advancing the adoption of real-world asset (RWA) tokenization. AVAX shot up in price by 5.65% on Thursday, outpacing the broader crypto market, which dropped 1.3% over the same time period. The new Grayscale Avalanche Trust will function like the asset manager’s other single-asset investment trusts and is solely invested in the AVAX token. Grayscale’s new product wasn’t the only recent development that could have had a hand in boosting AVAX’s price. The layer-1 project also announced on Thursday that the global investment giant Franklin Templeton is expanding its on-chain money market fund, FOBXX, to the Avalanche network. Franklin Templeton made FOBXX available on the layer-2 scaling solution Arbitrum (AR...

Despite a 11.3% correction in just two days, SOL maintains a robust position with healthy derivatives markets and on-chain metrics. Solana's native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment. To put Solana's performance into context, let's compare it to other leading altcoins. Since its peak on Nov. 11, Avalanche (AVAX) has rallied by 17%, Ether (ETH) gained 1%, while BNB Token (BNB) traded down 2%. This comparison underscores the fact that SOL has underperformed in the broader altcoin market. Therefore, the 5.5% daily decline on Nov. 13 is unlikely to be tied to macroeconomic or sector drivers, such as the potential approval of a spot BTC exchange-traded fund (ETF). Solana remains a top contender in terms of performance and on-chain act...

Avalanche-based decentralized social media protocol Stars Arena received funding to cover up a loss from an earlier hack that caused the project to lose nearly $3 million.  Stars Arena announced the news in a social media update. While the platform does not mention the source of the funding , the announcement says that the smart contract will be reopened with all funds intact after a full audit.  A white hat development team will review the incident, Stars Arena confirmed. Important news: we have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security… — Stars Arena (@starsarenacom) October 7, 2023 The decentralized social media protocol first announced the incident in the early hours of Saturday, Oct. 7, warning users not to deposit funds. The Stars Arena team later apologized f...

JOE token surges as Trader Joe’s Liquidity Book model climbs into the top 5 DEX list. Trader Joe has risen to the top five decentralized exchanges by trading volume after the launch of its V2 platform on Arbitrum on Feb. 1, 2023.  Top five DEX by 7-day trading volume. Source: DeFiLlama The project launched a liquidity incentive program to boost deposits for ARB, ETH and USDC trading which shared 300,000 JOE token rewards worth around $171,000. The incentive program ends on April 6. The project’s social media account reported that Trader Joe accounted for 15.7% of the total ARB trading volume in the first week. We do a little trading at Trader Joe's. Liquidity Book powered 15.7% of all $ARB trading on-chain in the first 7 days pic.twitter.com/qlcYwvXFrp — Trader Joe | (@traderjoe_xyz) April 2, 2023 While JOE token incentives played a hand in increasing the liquidity for ARB token, innovation from the team in developing the capital efficiency of the DEX is the primary reas...