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$AVAX coin is the base currency of the Avalanche blockchain. This means that the currency is used to pay gas fees on this network. It is a network compatible with the Ethereum Virtual Machine, which means that it can be added to the MetaMask wallet and transfers between it and the Ethereum network can also be done easily. This network was established in 2018. The project succeeded in obtaining funding estimated at $60 million during the years 2019 and 2020. But what distinguishes the project is that it succeeded in obtaining much more funding than this after the end of the ICO Initial coin offering phase, in which currencies are sold in exchange for money to investors. Until now, the project is still under development, but the network has been launched and can be used. We must not forget that digital currency projects are essentially experimental, which means that they are subject to construction, development, and updating all the time. The Avalance blockchain is based on the proof of stake mechanism. This means increased centralization of the network, but in return the network is much faster than the Ethereum network. The gas fees on this network are somewhat higher than, for example, Binance, but much lower than Ethereum fees.
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The market gave you 532 days to accumulate, while most weren’t paying attention. Now that eyes are returning back to the crypto market, you’re trying not to FOMO into coins, yet they keep going higher. The dips aren’t coming, and you’re left sidelined for the entire bullrun. #HotTrends #BTC
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NEW: 🐳 Whales (>1K $BTC ) selling off led to a 4.83% drop in holdings over two weeks. #HotTrends #BTC
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CELO/USD Technical Analysis The 4-hour chart for CELO/USD clearly shows a powerful bullish trend, driven by a significant rise in the price of CELO. Emanating from a 20-period close, an exponential moving average (EMA) is drawn under the candlesticks, revealing an obvious uptrend and functioning as dynamic support that reinforces the current bullish mood in the market. This dynamic support from the EMA line reinforces the bullish outlook, suggesting that the trend might continue. Furthermore, the Moving Average Convergence Divergence (MACD) presents a compelling picture of bullish momentum, with its measurement at 0.124042. The MACD line, depicted in blue, prominently positions itself above the signal line in orange. This is indicative of strong bullish momentum. #celo #HotTrends
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🚀 Tether launches USDT on Celo! 🌍 Big news, #crypto fam! Tether's USDT is now on Celo, a carbon-negative, EVM-compatible network. What does this mean for you? 🤔 🌟 USDT as gas currency on Celo 🌟 Streamlined transactions & efficiency on dApps 🌟 Low sub-cent fees (around $0.001) 🤑 🌟 Expands stable assets' use cases (savings, lending, remittances, cross-border payments) Celo is all about real-world use & fast, low-cost payments. With $USDT joining eXOF & cREAL, we're looking at a more inclusive financial system. 🌐 What do you think? Will this change the game for #DeFi ? Let us know in the comments! 💬
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