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#avax
AVAX Coin!$AVAX
AVAX Coin, symbol AVAX, is the native cryptocurrency of the Avalanche blockchain. Avalanche is a decentralized, open-source, and scalable platform for building decentralized applications (dApps) and enterprise blockchain solutions.
Key Features:
1. Scalability: Avalanche supports over 4,500 transactions per second.
2. Decentralized Finance (DeFi): Avalanche enables DeFi applications and services.
3. Smart Contracts: Avalanche supports Solidity and other programming languages.
4. Governance: AVAX holders participate in voting on proposals.
Tokenomics:
1. Total supply: 720 million AVAX tokens.
2. Circulating supply: Approximately 400 million AVAX tokens
AVAX Coin, symbol AVAX, is the native cryptocurrency of the Avalanche blockchain. Avalanche is a decentralized, open-source, and scalable platform for building decentralized applications (dApps) and enterprise blockchain solutions.
Key Features:
1. Scalability: Avalanche supports over 4,500 transactions per second.
2. Decentralized Finance (DeFi): Avalanche enables DeFi applications and services.
3. Smart Contracts: Avalanche supports Solidity and other programming languages.
4. Governance: AVAX holders participate in voting on proposals.
Tokenomics:
1. Total supply: 720 million AVAX tokens.
2. Circulating supply: Approximately 400 million AVAX tokens
It is the reason why to invest in AVAX #Avax🔥🔥
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Crypto Alerts
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ALTCOIN MCAP UPDATE 🚨
- 📉 Downtrend since March 2024
- 🌕 New ATH hit 287 days after halving
- 💰 Cycle top expected: $3T - $3.5T
Q4 2024 will kickstart the altcoin rally, but the real excitement begins in Q1 2025!🔥
#PowellAtJacksonHole #BNBChainMemecoins #BNBChainMemecoins
- 📉 Downtrend since March 2024
- 🌕 New ATH hit 287 days after halving
- 💰 Cycle top expected: $3T - $3.5T
Q4 2024 will kickstart the altcoin rally, but the real excitement begins in Q1 2025!🔥
#PowellAtJacksonHole #BNBChainMemecoins #BNBChainMemecoins
#Avax🔥🔥
What happen next?
What happen next?
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$AVAX UPDATE 🔥✔️
$AVAX is trading at a key level after a 24% retrace With the crypto market in turmoil and altcoins near yearly lows all eyes are on $AVAX
Currently at $22.94 $AVAX must reclaim the $23.75 level to build bullish momentum - A move above $30 could signal a strong recovery
On 4h TF we can see a promising double bottom pattern that can push the prices higher 🔥👊
#USNonFarmPayrollReport #TON #DOGSONBINANCE #BNBChainMemecoins #hamidarmy
$AVAX is trading at a key level after a 24% retrace With the crypto market in turmoil and altcoins near yearly lows all eyes are on $AVAX
Currently at $22.94 $AVAX must reclaim the $23.75 level to build bullish momentum - A move above $30 could signal a strong recovery
On 4h TF we can see a promising double bottom pattern that can push the prices higher 🔥👊
#USNonFarmPayrollReport #TON #DOGSONBINANCE #BNBChainMemecoins #hamidarmy
Bull AVAX
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🚨 Trading Setup: Avalanche ( $AVAX ) 🚨
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📊 Current Price: $21.13
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Analyzing Avalanche (AVAX) through Elliott Wave, current trends indicate a struggle below key support levels. We may see further declines before any significant bullish reversal occurs. To shift to a more positive outlook, AVAX must break above the resistance zone of $23.93 - $26.20.
🎯 Target Price (TP): $26.20
📉 Break Price (BP): $23.93
🛑 Stop Loss (SL): $19.50
🔍 Watch closely for the price action near the resistance zone to confirm the next move!
#Avax #FuturestradingSignals #Trading #PriceAction
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.
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📊 Current Price: $21.13
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Analyzing Avalanche (AVAX) through Elliott Wave, current trends indicate a struggle below key support levels. We may see further declines before any significant bullish reversal occurs. To shift to a more positive outlook, AVAX must break above the resistance zone of $23.93 - $26.20.
🎯 Target Price (TP): $26.20
📉 Break Price (BP): $23.93
🛑 Stop Loss (SL): $19.50
🔍 Watch closely for the price action near the resistance zone to confirm the next move!
#Avax #FuturestradingSignals #Trading #PriceAction
$AVAX
Avalanche (AVAX) Price Prediction 2024-2030: Charting the Peaks and Valleys of a Promising Blockchai
Avalanche (AVAX) has established itself as a formidable player in the blockchain ecosystem, known for its high throughput, low latency, and innovative consensus protocol. As we look towards the future, let's explore the potential price trajectory for AVAX from 2024 to 2030, considering various technological advancements, market trends, and economic factors.
2024-2025: Consolidation and Growth 🌱🚀
Expansion and Adoption: Avalanche continues to expand its ecosystem with more decentralized applications (dApps) and partnerships. Its unique architecture allows it to support a wide range of applications, from DeFi to NFTs, drawing in developers and users alike.
Institutional Interest: Increased interest from institutional investors could drive demand for AVAX. As more enterprises recognize the benefits of Avalanche's speed and scalability, its adoption for enterprise solutions could rise.
Price Prediction: With these factors in play, AVAX could see a steady increase, potentially reaching $50-$80 by the end of 2025.
2026-2027: Scaling New Heights 🏔️✨
Technological Innovations: Avalanche's development team continues to innovate, introducing upgrades that further enhance its scalability and interoperability. The introduction of new consensus protocols and Layer 2 solutions could make Avalanche even more attractive.
Global Integration: Avalanche could see wider global integration, especially in regions looking for efficient blockchain solutions for financial services, supply chain management, and other industries. Collaborations with governments and large corporations could boost its profile.
Price Prediction: These advancements could propel AVAX to new heights, with prices ranging between $80-$120 by 2027.
2028-2029: The Decentralized Future 🌟🔗
Ecosystem Maturity: By this time, Avalanche's ecosystem may have matured significantly. The network could support thousands of dApps, handling millions of transactions daily. Its robust infrastructure could make it a preferred choice for developers and users.
DeFi and Beyond: The DeFi space, powered by Avalanche, might become a major part of the global financial system. Additionally, new use cases beyond finance, such as decentralized identity and data management, could emerge, broadening its utility.
Price Prediction: The maturation of the ecosystem and its expanding use cases could drive AVAX's price to $120-$180.
2030: The Apex of Blockchain Innovation 🏦🔮
AI Integration: The integration of artificial intelligence with Avalanche's smart contracts could lead to more efficient and autonomous applications. AI-driven dApps could revolutionize industries, from healthcare to finance.
Mainstream Adoption: Avalanche might achieve mainstream adoption, becoming a household name. Its technology could underpin various sectors, ensuring fast, secure, and decentralized transactions.
Price Prediction: With these revolutionary advancements, AVAX could potentially reach $180-$250, reflecting its significant role in the blockchain space.
Wild Card Factors 🎲✨
Regulatory Environment: Favorable regulatory developments could accelerate adoption, while adverse regulations might pose challenges. Keeping an eye on global regulatory trends will be crucial.
Technological Breakthroughs: Unexpected technological advancements or breakthroughs in blockchain technology could provide a significant boost to Avalanche.
Market Dynamics: Broader market trends, economic conditions, and investor sentiment will continue to influence AVAX's price.
Conclusion
The journey of Avalanche from 2024 to 2030 is set to be marked by significant advancements, growing adoption, and expanding use cases. While the future is inherently uncertain, the potential for Avalanche to play a pivotal role in the blockchain ecosystem is immense. As the blockchain landscape evolves, AVAX could scale new heights, driven by its technological strengths and the growing demand for decentralized solutions.
BUY IT HERE
👇👇👇
$AVAX
#Avax🔥🔥 #AvalancheAVAX #altsesaon #US_Job_Market_Slowdown #SuperMacho
2024-2025: Consolidation and Growth 🌱🚀
Expansion and Adoption: Avalanche continues to expand its ecosystem with more decentralized applications (dApps) and partnerships. Its unique architecture allows it to support a wide range of applications, from DeFi to NFTs, drawing in developers and users alike.
Institutional Interest: Increased interest from institutional investors could drive demand for AVAX. As more enterprises recognize the benefits of Avalanche's speed and scalability, its adoption for enterprise solutions could rise.
Price Prediction: With these factors in play, AVAX could see a steady increase, potentially reaching $50-$80 by the end of 2025.
2026-2027: Scaling New Heights 🏔️✨
Technological Innovations: Avalanche's development team continues to innovate, introducing upgrades that further enhance its scalability and interoperability. The introduction of new consensus protocols and Layer 2 solutions could make Avalanche even more attractive.
Global Integration: Avalanche could see wider global integration, especially in regions looking for efficient blockchain solutions for financial services, supply chain management, and other industries. Collaborations with governments and large corporations could boost its profile.
Price Prediction: These advancements could propel AVAX to new heights, with prices ranging between $80-$120 by 2027.
2028-2029: The Decentralized Future 🌟🔗
Ecosystem Maturity: By this time, Avalanche's ecosystem may have matured significantly. The network could support thousands of dApps, handling millions of transactions daily. Its robust infrastructure could make it a preferred choice for developers and users.
DeFi and Beyond: The DeFi space, powered by Avalanche, might become a major part of the global financial system. Additionally, new use cases beyond finance, such as decentralized identity and data management, could emerge, broadening its utility.
Price Prediction: The maturation of the ecosystem and its expanding use cases could drive AVAX's price to $120-$180.
2030: The Apex of Blockchain Innovation 🏦🔮
AI Integration: The integration of artificial intelligence with Avalanche's smart contracts could lead to more efficient and autonomous applications. AI-driven dApps could revolutionize industries, from healthcare to finance.
Mainstream Adoption: Avalanche might achieve mainstream adoption, becoming a household name. Its technology could underpin various sectors, ensuring fast, secure, and decentralized transactions.
Price Prediction: With these revolutionary advancements, AVAX could potentially reach $180-$250, reflecting its significant role in the blockchain space.
Wild Card Factors 🎲✨
Regulatory Environment: Favorable regulatory developments could accelerate adoption, while adverse regulations might pose challenges. Keeping an eye on global regulatory trends will be crucial.
Technological Breakthroughs: Unexpected technological advancements or breakthroughs in blockchain technology could provide a significant boost to Avalanche.
Market Dynamics: Broader market trends, economic conditions, and investor sentiment will continue to influence AVAX's price.
Conclusion
The journey of Avalanche from 2024 to 2030 is set to be marked by significant advancements, growing adoption, and expanding use cases. While the future is inherently uncertain, the potential for Avalanche to play a pivotal role in the blockchain ecosystem is immense. As the blockchain landscape evolves, AVAX could scale new heights, driven by its technological strengths and the growing demand for decentralized solutions.
BUY IT HERE
👇👇👇
$AVAX
#Avax🔥🔥 #AvalancheAVAX #altsesaon #US_Job_Market_Slowdown #SuperMacho
#AVAX
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#AVAX/USDT
Avalanche has successfully broken out of a falling wedge pattern on the daily chart💥
Currently, the price is retesting the breakout level for confirmation🔍
If the new test is carried out, we could see a bullish wave that will raise prices by 50%🌊
$AVAX
#crypto #btc #Binance
Avalanche has successfully broken out of a falling wedge pattern on the daily chart💥
Currently, the price is retesting the breakout level for confirmation🔍
If the new test is carried out, we could see a bullish wave that will raise prices by 50%🌊
$AVAX
#crypto #btc #Binance
See original
📊#AVAX double bottom structure established✔️
🧠We have successfully constructed a double-bottom bullish structure within the daily-level buy zone, and the future upside potential is huge. However, it is now close to the periodic resistance zone. It is definitely unwise to chase the rise. You can pay attention to the new buying zone (34.115-36.310).👀
⚙️We will also choose to leave the market after the price reaches the periodic resistance zone or leave only a small position in anticipation of breaking through the turning point.🙏🚀🌕
🔥Congratulations to all the friends who followed Wolf King to print money and received 900%+ generous returns.💰🍻
#Wolf_king88
$AVAX
🧠We have successfully constructed a double-bottom bullish structure within the daily-level buy zone, and the future upside potential is huge. However, it is now close to the periodic resistance zone. It is definitely unwise to chase the rise. You can pay attention to the new buying zone (34.115-36.310).👀
⚙️We will also choose to leave the market after the price reaches the periodic resistance zone or leave only a small position in anticipation of breaking through the turning point.🙏🚀🌕
🔥Congratulations to all the friends who followed Wolf King to print money and received 900%+ generous returns.💰🍻
#Wolf_king88
$AVAX
one thing is believing
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Bullish
The best digital currencies that will exceed $100. The best investment for the year 2024. ( parti 2).
The five strongest currencies of the layer 1.
3)- Avalanche AVAX.
Avalanche (AVAX) is a layer one blockchain platform that functions as a platform for decentralized applications (dApps) and custom blockchain networks. It is considered one of Ethereum's rivals, aiming to address Ethereum's scalability issues by offering faster transaction speeds and lower fees.
Here's a quick rundown of Avalanche (AVAX):
What it is: A layer one blockchain platform for dApps and custom blockchains
Goal: To address Ethereum's scalability issues by offering faster transaction speeds and lower fees
AVAX token: Used to pay transaction fees and secure the network through staking
Consensus mechanism: Uses a novel consensus mechanism called Snowman which is based on directed acyclic graphs (DAGs) to achieve high transaction throughput and fast finality
Avalanche is still a relatively new platform, but it has gained traction in recent months due to its scalability advantages. It is attracting developers and users looking for a faster and more affordable alternative to Ethereum.
Here are some of the advantages of Avalanche:
Scalability: Avalanche can process thousands of transactions per second, compared to Ethereum's current throughput of around 15 transactions per second.
Security: Avalanche is a secure platform that is resistant to attacks.
Low fees: Transaction fees on Avalanche are much lower than on Ethereum.
Flexibility: Avalanche supports a wide range of dApps and custom blockchains.
Overall, Avalanche is a promising platform with a lot of potential. It remains to be seen whether it can dethrone Ethereum as the leading platform for dApps, but it is certainly a platform to watch.
The live price of Avalanche (AVAX) is currently $38.55 USD as of today, May 6, 2024. This is a 4.44% increase over the past 24 hours.
The five strongest currencies of the layer 1.
3)- Avalanche AVAX.
Avalanche (AVAX) is a layer one blockchain platform that functions as a platform for decentralized applications (dApps) and custom blockchain networks. It is considered one of Ethereum's rivals, aiming to address Ethereum's scalability issues by offering faster transaction speeds and lower fees.
Here's a quick rundown of Avalanche (AVAX):
What it is: A layer one blockchain platform for dApps and custom blockchains
Goal: To address Ethereum's scalability issues by offering faster transaction speeds and lower fees
AVAX token: Used to pay transaction fees and secure the network through staking
Consensus mechanism: Uses a novel consensus mechanism called Snowman which is based on directed acyclic graphs (DAGs) to achieve high transaction throughput and fast finality
Avalanche is still a relatively new platform, but it has gained traction in recent months due to its scalability advantages. It is attracting developers and users looking for a faster and more affordable alternative to Ethereum.
Here are some of the advantages of Avalanche:
Scalability: Avalanche can process thousands of transactions per second, compared to Ethereum's current throughput of around 15 transactions per second.
Security: Avalanche is a secure platform that is resistant to attacks.
Low fees: Transaction fees on Avalanche are much lower than on Ethereum.
Flexibility: Avalanche supports a wide range of dApps and custom blockchains.
Overall, Avalanche is a promising platform with a lot of potential. It remains to be seen whether it can dethrone Ethereum as the leading platform for dApps, but it is certainly a platform to watch.
The live price of Avalanche (AVAX) is currently $38.55 USD as of today, May 6, 2024. This is a 4.44% increase over the past 24 hours.
See original
$AVAX / USDT
VERY URGENT UPDATE🚨🚀
Long trade Setup:
Symmetrical trinagle formation breakdown
We have 4hr 50 EMA at 48.85$✅
Once Price closes above this you can go for long trade.
Target can be 54$✅
Wait for proper candle closing.
Keep an eye on it.👀📈
STAY TUNED FOR MORE UPDATES
#BullorBear #Write2Earrn
VERY URGENT UPDATE🚨🚀
Long trade Setup:
Symmetrical trinagle formation breakdown
We have 4hr 50 EMA at 48.85$✅
Once Price closes above this you can go for long trade.
Target can be 54$✅
Wait for proper candle closing.
Keep an eye on it.👀📈
STAY TUNED FOR MORE UPDATES
#BullorBear #Write2Earrn
See original
avax
I don’t know who needs to hear this but if you want to make some serious money this bull run do not buy Bitcoin
Seriously - you might 3X at best.
If BTC goes go $200K, that’s about as much as you’re going to get, best bull case scenario it goes to $250K 🤷🏼♂️
Still only a 3.5X
What does that mean?
That means buy DOGE, buy AVAX, buy ADA, buy SOLANA or anything in the top 10-15 of crypto & you’ll do fine,
If you want a greater upside buy $WEN, buy $WIF, buy $PEPE and buy $BONK.
You can’t go wrong buying the top 10 meme coins right now 😉
Anything in the billions mcap currently will see multiple billions in the bull.
Anything between $10M to $100M mcap will give you the greatest returns out of everything but can also very easily just drop down to zero.
That’s the price you pay for a possible 1000X 🚀
Then move all your profits into Bitcoin, the great asset of all time 🙌
Not a financial advice👍
#MemeCoinsHalvingEvent
Seriously - you might 3X at best.
If BTC goes go $200K, that’s about as much as you’re going to get, best bull case scenario it goes to $250K 🤷🏼♂️
Still only a 3.5X
What does that mean?
That means buy DOGE, buy AVAX, buy ADA, buy SOLANA or anything in the top 10-15 of crypto & you’ll do fine,
If you want a greater upside buy $WEN, buy $WIF, buy $PEPE and buy $BONK.
You can’t go wrong buying the top 10 meme coins right now 😉
Anything in the billions mcap currently will see multiple billions in the bull.
Anything between $10M to $100M mcap will give you the greatest returns out of everything but can also very easily just drop down to zero.
That’s the price you pay for a possible 1000X 🚀
Then move all your profits into Bitcoin, the great asset of all time 🙌
Not a financial advice👍
#MemeCoinsHalvingEvent
AVAX will comeback
🔥Crypto Whales Scoop Up a Staggering 52 Million Avalanche (AVAX) Tokens! 🤯
Avalanche (AVAX) has taken a hit recently, slipping below the $50 mark on the daily chart. Yet, amidst the downturn, a surge of optimism is emerging, fueled by a notable influx of interest from crypto whales – big-time investors holding between $1 million to $10 million worth of AVAX.
In just three days since April kicked off, these whales have collectively snapped up a whopping 52 million AVAX, valued at over $2.1 billion. This massive investment signals their strong belief in AVAX's potential for a comeback.
Avalanche is carving out its own path in the crypto landscape. Unlike many others, its correlation with Bitcoin sits at a low 0.17. This means that while it may still follow general market trends, its price movements won’t be as tightly tethered to Bitcoin's ups and downs.
This independence could spell big gains. A low correlation suggests AVAX can move independently, rather than simply mirroring Bitcoin's every move.
Given these dynamics, AVAX could be eyeing a significant upswing, possibly pushing up by 23.5% from its current $47.32 price tag, aiming for the $60 mark. That's just above its year-to-date high of $65.
But it won't be a walk in the park. AVAX needs to break through resistance levels at $50, $53, and $58. The $53 barrier, in particular, has proven tough to crack, having been tested repeatedly.
If AVAX struggles to overcome these hurdles, especially the $53 mark, it might lose its bullish momentum and face a reversal. In such a scenario, the optimistic forecast could evaporate, and AVAX might find itself slipping back below $50.
#Memecoins #AVAX #BTC #HotTrends #TrendingTopic
Avalanche (AVAX) has taken a hit recently, slipping below the $50 mark on the daily chart. Yet, amidst the downturn, a surge of optimism is emerging, fueled by a notable influx of interest from crypto whales – big-time investors holding between $1 million to $10 million worth of AVAX.
In just three days since April kicked off, these whales have collectively snapped up a whopping 52 million AVAX, valued at over $2.1 billion. This massive investment signals their strong belief in AVAX's potential for a comeback.
Avalanche is carving out its own path in the crypto landscape. Unlike many others, its correlation with Bitcoin sits at a low 0.17. This means that while it may still follow general market trends, its price movements won’t be as tightly tethered to Bitcoin's ups and downs.
This independence could spell big gains. A low correlation suggests AVAX can move independently, rather than simply mirroring Bitcoin's every move.
Given these dynamics, AVAX could be eyeing a significant upswing, possibly pushing up by 23.5% from its current $47.32 price tag, aiming for the $60 mark. That's just above its year-to-date high of $65.
But it won't be a walk in the park. AVAX needs to break through resistance levels at $50, $53, and $58. The $53 barrier, in particular, has proven tough to crack, having been tested repeatedly.
If AVAX struggles to overcome these hurdles, especially the $53 mark, it might lose its bullish momentum and face a reversal. In such a scenario, the optimistic forecast could evaporate, and AVAX might find itself slipping back below $50.
#Memecoins #AVAX #BTC #HotTrends #TrendingTopic
See original
avax
AVAX ANALYSIS
As we can see that there is a breakdown of trendline #AVAX which indicates a bearish move. But AVAX is trading above its major support area and if the price sustain above the support area, so a reversal could be seen here. If the price breakdown the major support area then we would see a brearish move in #AVAX
Current Price --- $45.80
#signals #SignalAlert #Signal #BTC
As we can see that there is a breakdown of trendline #AVAX which indicates a bearish move. But AVAX is trading above its major support area and if the price sustain above the support area, so a reversal could be seen here. If the price breakdown the major support area then we would see a brearish move in #AVAX
Current Price --- $45.80
#signals #SignalAlert #Signal #BTC
See original
#avax
**AVAX/USDT LONG**
Limit Entries: 44.730 - 41.590 - 38.580
Final TP: 84.755 (you can book where u happy final is mentioned)
SL: 36.110 (4hr Close Below)
**LEVERAGE 5X RECOMMENDED**
**NEVER USE MORE THAN 5% OF YOUR PORT**
**TRADING IS GAME OF PATIENCE AND RISK MANAGEMENT**
#Memecoins #WIF #SHIB #FET #Write2Earn
Limit Entries: 44.730 - 41.590 - 38.580
Final TP: 84.755 (you can book where u happy final is mentioned)
SL: 36.110 (4hr Close Below)
**LEVERAGE 5X RECOMMENDED**
**NEVER USE MORE THAN 5% OF YOUR PORT**
**TRADING IS GAME OF PATIENCE AND RISK MANAGEMENT**
#Memecoins #WIF #SHIB #FET #Write2Earn
#ETHFI be careful
$ETHFI
***Attention everyone😌 ***
Market has a potential power for a pullback low as it's peak is almost going to over 😌.
Be aware and prepared for downfall 🙏
***Attention everyone😌 ***
Market has a potential power for a pullback low as it's peak is almost going to over 😌.
Be aware and prepared for downfall 🙏
#LTC✅ why price up today?
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Bullish
🚀 WHY IS LITECOIN PRICE UP TODAY? 🌕
Litecoin (LTC) surged today to reach a fresh two-week high, defying broader market trends and marking a notable uptick in its price trajectory. Here are the primary factors driving Litecoin's price rally:
1. Absorption of Previously Inactive LTC Supply: Litecoin's current price surge follows the absorption of a significant supply of previously inactive LTC tokens back into circulation. On March 5, over 600,000 #LTC tokens worth more than $60 million reentered the market after being untouched for at least five years. Despite an initial 19% decline in price, Litecoin has rebounded by 37.25% since, suggesting that the market has absorbed these tokens, akin to patterns observed before Litecoin's 2017 bull run.
2. Coinbase's LTC Futures Application: Coinbase's filing of an application with the U.S. Commodity Futures Trading Commission (CFTC) for cash-settled #Litecoin futures contracts has also contributed to Litecoin's price rally. The potential launch of these futures contracts in April could attract institutional capital to the LTC market, mirroring the effect of CME Bitcoin futures' launch in 2017.
3. Litecoin's Network Growth Ahead of Bitcoin Halving: Litecoin's robust network growth, exemplified by its record-high hash rate of 1.244 Peta-hash per second (PH/s) on March 22, indicates increasing miner confidence and profitability. With Bitcoin's fourth halving approaching in April, miners are allocating more computational power to mine and secure the Litecoin blockchain, bolstering trader optimism and driving up LTC's price.
From a TA perspective, Litecoin's rally has gained momentum after breaking above its multi-year descending trendline resistance. Key indicators such as the weekly Relative Strength Index (RSI) and trading volumes suggest strong support for further upward movement. A bullish scenario could see LTC's price targeting the 0.236 Fibonacci retracement line at around $127.25 by April, while a retreat may lead to a retest of the descending trendline resistance turned support at $75.50.
#marketanalysis
Litecoin (LTC) surged today to reach a fresh two-week high, defying broader market trends and marking a notable uptick in its price trajectory. Here are the primary factors driving Litecoin's price rally:
1. Absorption of Previously Inactive LTC Supply: Litecoin's current price surge follows the absorption of a significant supply of previously inactive LTC tokens back into circulation. On March 5, over 600,000 #LTC tokens worth more than $60 million reentered the market after being untouched for at least five years. Despite an initial 19% decline in price, Litecoin has rebounded by 37.25% since, suggesting that the market has absorbed these tokens, akin to patterns observed before Litecoin's 2017 bull run.
2. Coinbase's LTC Futures Application: Coinbase's filing of an application with the U.S. Commodity Futures Trading Commission (CFTC) for cash-settled #Litecoin futures contracts has also contributed to Litecoin's price rally. The potential launch of these futures contracts in April could attract institutional capital to the LTC market, mirroring the effect of CME Bitcoin futures' launch in 2017.
3. Litecoin's Network Growth Ahead of Bitcoin Halving: Litecoin's robust network growth, exemplified by its record-high hash rate of 1.244 Peta-hash per second (PH/s) on March 22, indicates increasing miner confidence and profitability. With Bitcoin's fourth halving approaching in April, miners are allocating more computational power to mine and secure the Litecoin blockchain, bolstering trader optimism and driving up LTC's price.
From a TA perspective, Litecoin's rally has gained momentum after breaking above its multi-year descending trendline resistance. Key indicators such as the weekly Relative Strength Index (RSI) and trading volumes suggest strong support for further upward movement. A bullish scenario could see LTC's price targeting the 0.236 Fibonacci retracement line at around $127.25 by April, while a retreat may lead to a retest of the descending trendline resistance turned support at $75.50.
#marketanalysis
See original
AVAX HTF Update
Fibonacci was rejected at 0.5. It would be too optimistic to expect it to pass all at once.
This is the long-term pivot level, after the next weekly closes above the Fibonnaci 0.5 level, we will see AVAX talked about even in the traditional media.
Thank you for reading
$AVAX
#Write2Earn #TrendingTopic #AVAX
Fibonacci was rejected at 0.5. It would be too optimistic to expect it to pass all at once.
This is the long-term pivot level, after the next weekly closes above the Fibonnaci 0.5 level, we will see AVAX talked about even in the traditional media.
Thank you for reading
$AVAX
#Write2Earn #TrendingTopic #AVAX
#AVAX✅ potential news
DO NOT UNDERVALUE $AVAX ! ⚠️ Here Is Why 👇🔥
ANZ (Australia and New Zealand Banking Group), together with Chainlink ($LINK ) partnered up to integrate Avalanche into their digital asset trading platform. That's a massive integration because it shows how banks are using new technologies to improve people experience in trading assets like stocks or cryptocurrencies. In addition, thanks to AVAX integration, transactions will be faster, dynamic (e.g. obtaining a tokenized New Zealand dollar stablecoin through Avalanche) and more efficient!
In my opinion, this collaboration reflects a growing trend of merging traditional finance with decentralized systems. The future of finance is becoming more digital and more bank/companies will jump on board in the near future!
STAY TUNED! 💪
#AvalancheUpdate #AvalancheAVAX #ChainlinkPotential #ChainlinkUpdate #BlockchainLeaders
ANZ (Australia and New Zealand Banking Group), together with Chainlink ($LINK ) partnered up to integrate Avalanche into their digital asset trading platform. That's a massive integration because it shows how banks are using new technologies to improve people experience in trading assets like stocks or cryptocurrencies. In addition, thanks to AVAX integration, transactions will be faster, dynamic (e.g. obtaining a tokenized New Zealand dollar stablecoin through Avalanche) and more efficient!
In my opinion, this collaboration reflects a growing trend of merging traditional finance with decentralized systems. The future of finance is becoming more digital and more bank/companies will jump on board in the near future!
STAY TUNED! 💪
#AvalancheUpdate #AvalancheAVAX #ChainlinkPotential #ChainlinkUpdate #BlockchainLeaders
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$AVAX Today, If you invest 1000 USDT to AVAX with current price, 1000 USDT can be 2800 USDT in next bull run because every coin remembers their highest point.
What is AVAX ?
Avalanche is a blockchain platform that aims to address the blockchain trilemma of scalability, security and decentralization thanks to its unique Proof of Stake (PoS) mechanism.
Like Ethereum, Avalanche supports smart contracts to run decentralized applications (dApps) on its network. Since Avalanche’s smart contracts are written in the Solidity language also used by Ethereum, it aims to create greater blockchain interoperably by integrating a number of decentralized finance (DeFi) ecosystems, including well-established projects like Aave and Curve.
AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.
#AVAX✅ #AVAX✈️
(I'm sharing potentially profitable coins)
(It is not financially advise)
What is AVAX ?
Avalanche is a blockchain platform that aims to address the blockchain trilemma of scalability, security and decentralization thanks to its unique Proof of Stake (PoS) mechanism.
Like Ethereum, Avalanche supports smart contracts to run decentralized applications (dApps) on its network. Since Avalanche’s smart contracts are written in the Solidity language also used by Ethereum, it aims to create greater blockchain interoperably by integrating a number of decentralized finance (DeFi) ecosystems, including well-established projects like Aave and Curve.
AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.
#AVAX✅ #AVAX✈️
(I'm sharing potentially profitable coins)
(It is not financially advise)
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