Cointelegraph News Summary (April 19, 2024):
Avail Launches Airdrop for $AVAX Holders: Avail, a decentralized finance (DeFi) platform built on the Avalanche network, has announced an airdrop for AVAX token holders. The airdrop will be distributed to users who have held AVAX in their wallets for a certain period.
Shiba Inu Creators License Image: The developers behind the popular Shiba Inu memecoin have licensed the iconic image of the Shiba Inu dog. This acquisition has been interpreted as a move to unify the Doge community and potentially boost the value of the token.
Is a Bitcoin Price Crash Coming?: Some traders are concerned about the possibility of a drop in Bitcoin price, based on the negative futures funding rate indicator. However, other analysts maintain that Bitcoin's recent price rebound from a low of $59.7K indicates that the market could be finding support.
Have Altcoins Bottomed?: Following recent price declines, some traders and investors are wondering if altcoins have bottomed. The answer is not clear, as the altcoin market remains highly volatile and susceptible to Bitcoin price movements.
