Tag:

AVAX

Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
NFT Gaming

Avalanche activity spikes despite AVAX price pullback

by admin



Avalanche network activity continues to show robust growth despite the native token hitting a snag and slipping from highs above $25 as a pullback across the crypto market engulfed most coins. 

Summary

  • Avalanche price pulled back from highs above $25, retreating slighty amid broader market sell-off pressure.
  • Nansen data however shows Avalanche’s onchain growth momentum remains.

The Avalanche (AVAX) token rose to highs of $25.64 on Aug. 18, extending the uptick that had bulls off support levels around $23.40 over the past week. 

However, with cryptocurrencies down in the past 24 hours amid widespread profit taking, AVAX pared gains to hover around $23.61. The altcoin was down 5% in 24 hours as Bitcoin (BTC) fell below $115k and Ethereum (ETH) retreated to near $4,200.

Avalanche network activity rises

While Avalanche’s price is facing the same downside pressure that currently engulfs the broader risk-asset market, data shows network strength that supports the long-term outlook. Other than the key metric of stablecoin growth, onchain data from Nansen suggests the past two weeks have been huge for Avalanche in terms of transactions.

An update by the multichain artificial intelligence-powered analytics platform shared on August 18 shows that Avalanche’s daily transactions grew by more than 100% in the past month. From about 500,000 transactions per day, Nansen data shows the network rose to hit over 1.3 million in daily transactions.

Avalanche activity is on the rise. 🔺

Over the last 30 days, transactions jumped from ~500K/day lows to 1.3M+ daily transactions, more than doubling in just two weeks!

Momentum on @avax is definitely heating up. pic.twitter.com/iDIW8Vihw3

— Nansen 🧭 (@nansen_ai) August 18, 2025

Notably, most of the uptick came in a two-week period in which Avalanche witnessed significant network growth.

Momentum for AVAX is cooling, but with the bullish fundamentals in place, analysts say Avalanche’s price setup suggests a breakout. Stablecoin growth and decentralized finance traction are driving this outlook.

TVL and other metrics 

As the onchain metrics point to increased user activity, DeFiLlama data indicates total value locked is ticking up from April 2024 lows.

The TVL aside, Avalanche is also attracting attention as a platform for real-world asset tokenization. In the tokenization market, the latest development related to Avalanche is the move by Bowmore, among the oldest distilleries in Scotland, to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche attracted headlines as it announced that $250 million in RWAs was coming onchain via Grove. The platform also struck a deal with Visa for global stablecoin settlement.





Source link

0 comments
0 FacebookTwitterPinterestEmail
From $0.003333 to $1 in 2 years? XYZVerse coin could deliver massive returns, overtaking Bitcoin
GameFi Guides

Whales shift from AVAX, Polkadot to XYZVerse as analysts predict 15,000% surge by 2026

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

AVAX, Polkadot whales pour funds into XYZVerse as analysts forecast a 15,000% price surge by 2026.

A sudden shift in investment patterns is shaking up the crypto market. Large-scale holders of AVAX and Polkadot are redirecting their funds into XYZVerse, a newcomer drawing significant attention. Analysts are buzzing with forecasts of an extraordinary surge in XYZVerse’s value, anticipating a staggering 15,000% increase by 2026. This development could herald a new era in digital assets.

XYZVerse is breaking the memecoin mold: Can this 50x contender outshine the rest?

The hype is building fast; XYZVerse (XYZ) is quickly emerging as one of the most promising memecoins of 2025, and many believe it’s gearing up for a massive 50x breakout.

Currently in presale, XYZ offers early investors a rare opportunity to grab tokens well below the projected listing price, positioning them for outsized returns.

Bullish sentiment surrounds $XYZ

XYZVerse has already made waves by securing a live listing on CoinMarketCap, where community sentiment is overwhelmingly bullish, 95% of voters expect XYZ to rise.

Influencers are starting to take notice, too. DanjoCapitalMaster, a leading crypto voice with nearly 800k followers, recently endorsed the project, calling XYZVerse a “moonshot opportunity.”

Not just another memecoin — this one has utility

XYZVerse isn’t copying trends — it’s setting them. By fusing the high-intensity culture of sports with the viral reach of meme tokens, XYZ is creating something far more sustainable than the average hype coin.

And the numbers prove it:

  • Stage 1 Price: $0.0001.
  • Current Price (Stage 12): $0.003333.
  • Final Presale Price: $0.02.
  • Target Listing Price: $0.10.
  • Funds Raised: Over $10.5m+, with 70% of the $15M cap already reached

Early buyers are sitting on massive paper gains, and latecomers still have a window to enter before the final stage closes.

Long-term growth backed by smart tokenomics

XYZVerse isn’t just hype — it’s built for the long haul.

  • 15% of supply allocated to liquidity.
  • 10% reserved for community rewards and airdrops.
  • 17.13% committed to deflationary token burns.

This structure helps ensure a healthy post-launch market and increasing scarcity for long-term holders.

Built with the community, for the community

The XYZ Ambassador Program has just launched, letting fans earn free tokens by spreading the word. The team is also reportedly in talks with major sports figures to amplify awareness.

On the utility front, a strategic partnership with a decentralized sportsbook bookmaker.XYZ adds real-world use for the token, turning XYZ from a meme into a movement.

Final stages approaching — don’t miss the kickoff

With momentum accelerating, presale supplies shrinking, and visibility exploding, XYZVerse is one of the few meme coins delivering both community hype and real-world plans.

XYZ holders get exclusive betting bonus just for joining the ecosystem

Thanks to a recent partnership, XYZ holders now receive a special bonus on their first bet, a unique perk that adds real utility to being part of the XYZVerse ecosystem.

By bridging the worlds of traditional sports fandom and fast-paced crypto innovation, XYZVerse is building more than just a token; it’s crafting a high-energy, entertainment-driven experience with real-world engagement.

Is XYZVerse the next memecoin breakout?

With a rapidly accelerating presale, an active and loyal community, and a clear roadmap, XYZVerse has all the hallmarks of a top-tier memecoin contender. While no one can predict the market with certainty, many investors believe this could be the next big thing, and getting in early could make all the difference.

The presale is moving fast, and the window is closing. Those watching from the sidelines, now might be the best chance to dive in before XYZ takes off.

Avalanche

Source: TradingView

Avalanche (AVAX) has seen a notable decrease in its price over the past six months, dropping by 54.73%. In the last month, the coin’s value fell by 19.18%, and over the past week, it declined by 16.55%. Currently, AVAX is trading within the range of $17.48 to $21.74, reflecting a consistent downward trend.

Technical indicators suggest that this bearish momentum may continue. The Relative Strength Index (RSI) stands at 39.86, indicating that the coin is approaching oversold territory but hasn’t reached it yet. The Moving Average Convergence Divergence (MACD) level is at -0.1730, signaling negative momentum. Additionally, the 10-day and 100-day Simple Moving Averages are at $18.02 and $18.91, respectively, both hovering above the current price.

If the decline persists, AVAX may test its nearest support level at $15.85. A drop to the second support level at $11.59 would represent a significant decrease from current levels. On the upside, if buying interest emerges, the coin could aim for the nearest resistance level at $24, which would be an increase of over 30%. Breaking past this could see AVAX reaching the second resistance level at $28, but this would require strong positive momentum.

Polkadot

Source: TradingView

Polkadot (DOT) has faced a steep decline over the past six months, losing over 50% of its value. In the last month, it dropped nearly 22%, and over the past week, it fell about 14%. Currently, DOT is trading between $3.54 and $4.23.

Technical signals suggest more bearishness ahead. The Relative Strength Index is at 39.93, close to oversold levels. The Stochastic oscillator sits at 15.15, also indicating overselling. The MACD is negative at -0.0330. The 10-day simple moving average is $3.60, below the 100-day average of $3.77, confirming downward momentum.

Looking ahead, DOT’s nearest support is at $3.25. A drop below this could see the price falling to the next support at $2.56, a decrease of about 28% from the current low. On the upside, if momentum shifts, DOT could test resistance at $4.63, an increase of roughly 10% from the current high. A continued rise could take it to $5.32, marking a potential gain of about 25%.

Conclusion

While AVAX and DOT remain strong in the current bull market, XYZVerse’s unique sports memecoin aims for unprecedented growth, uniting fans and potentially outperforming other tokens.

To learn more about XYZVerse, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



Source link

0 comments
0 FacebookTwitterPinterestEmail
AVAX eyes $45 amid explosive on-chain activity; New presale contender emerges
GameFi Guides

AVAX eyes $45 as Neo Pepe presale gains major traction

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Avalanche aims for $45 as on-chain activity surges, while meme-powered Neo Pepe steals the spotlight with a breakout presale.

Avalanche (AVAX) is currently experiencing significant upward momentum, aiming ambitiously toward the $45 mark, driven by an impressive surge in on-chain activity. Currently trading at $18.98, AVAX has observed a remarkable increase in daily transactions, surpassing 1.2 million, a notable 26% growth.

Technical analysis indicates a likely breakout from its symmetrical triangle pattern, clearly establishing support levels at approximately $18–$19 and resistance around $30. Analysts forecast that if this bullish trend continues, AVAX could achieve impressive growth into the $45–$55 range, making it an attractive proposition for both short and medium-term investors.

Neo Pepe Coin emerges as top performer

While AVAX attracts significant market attention, Neo Pepe (NEOP) is rapidly rising in prominence, distinguishing itself as a notable cryptocurrency contender. The ongoing Neo Pepe Presale has witnessed overwhelming support, surpassing $1.3 million in contributions, placing it firmly within Stage 4 at a competitive token price of $0.08.

Such progress underscores not only the strength of its passionate and active community but also investor confidence in its robust growth prospects as a possible leading presale option of the year.

Neo Pepe vs. Avalanche: Comparative analysis

While Avalanche focuses intensively on blockchain infrastructure and technical innovation, Neo Pepe uniquely merges the viral potency of meme culture with strong decentralized governance principles and a commitment to community involvement. Its 16-stage presale structure cleverly incentivizes early investors by progressively increasing token prices at each subsequent stage, rewarding prompt participation and strategic foresight.

Neo Pepe’s treasury management, fully governed by its DAO, empowers its community to allocate funds transparently and strategically. The hourly token unlocking mechanism following the presale is specifically designed to maintain market equilibrium and prevent large-scale sell-offs.

Furthermore, Neo Pepe integrates a 2.5% automatic liquidity fee on Uniswap transactions, permanently locking liquidity and providing a stable, decentralized, and trustless market environment.

Is Neo Pepe truly different?

Rejecting superficial crypto buzz, Crypto Gems 2.0 delivers a refreshingly candid exploration into the Neo Pepe presale. Instead of merely echoing hype, this analysis thoughtfully dissects the core aspects making Neo Pepe intriguing, like its detailed presale strategy, proactive liquidity mechanisms, and authentically decentralized governance.

More than highlighting benefits, Crypto Gems 2.0 carefully weighs each element, openly discussing whether these promises can realistically hold up under the scrutiny of real-world market forces. The result is a clear-eyed yet optimistic narrative.

3 key reasons why Neo Pepe is captivating crypto investors

Neo Pepe’s growing appeal can be clearly attributed to several compelling factors:

  1. Innovative meme-governance integration: Neo Pepe distinctively combines meme culture’s widespread appeal with rigorous decentralized governance frameworks.
  2. Transparent, audited, and secure tokenomics: The project’s comprehensive auditing and transparent, well-defined tokenomics reassure investors.
  3. Enhanced community empowerment: Neo Pepe prioritizes active community involvement, providing genuine governance influence to its investors.

How to participate in the Neo Pepe movement

Participation in the Neo Pepe presale is streamlined and user-friendly, designed to provide clarity and ease for investors. Prospective participants can conveniently visit the Neo Pepe official website to contribute using widely accepted cryptocurrencies, including ETH, USDT, and USDC. Investors benefit from real-time monitoring of their token allocations and unlocking schedules, ensuring transparency, confidence, and informed investment decisions.

Crucial considerations for prospective investors

Potential investors are strongly advised to thoroughly understand Neo Pepe’s pioneering tokenomics and distinctive presale structure when attempting to grasp its positioning as one of the leading presales in recent times. A comprehensive familiarity with DAO governance mechanisms and the functionalities of smart contracts is also highly recommended. Active engagement with community platforms and resources is crucial for obtaining timely updates and gaining in-depth insights, significantly enhancing investor preparedness.

Conclusion

Neo Pepe warmly invites visionary crypto enthusiasts, innovative investors, and meme culture aficionados to join this exciting community-driven initiative. Seize this opportunity to participate in reshaping the future of decentralization and meme culture within the rapidly evolving cryptocurrency ecosystem.

For continuous real-time updates, detailed presale information, and active community engagement, join the dynamic discussions on Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Avalanche Launches Free Gaming ‘Battle Pass’ With AVAX and NFT Rewards

by admin



In brief

  • Ava Labs, Playfull, and Magic Eden have launched the free Avalanche Battle Pass NFT.
  • NFT holders can earn NFT and AVAX token rewards by playing participating games.
  • Eligible games include Off the Grid, Pixelmon: Warden’s Ascent, and Spellborne.

Crypto gaming on Avalanche is gaining steam thanks to high-profile launches like Off the Grid and MapleStory N. Now, the blockchain’s gaming ecosystem has its own NFT pass to connect games and reward players for diving into them.

Launched on Monday, the free Avalanche Battle Pass is a free-to-mint NFT available via the Magic Eden marketplace, created in collaboration with Ava Labs and Playfull.

Once the pass is minted, users can register it at the Playfull website and then make progress by playing partnered games.

As they fill out more spaces on the rewards path, they’ll earn rewards like in-game NFTs and even AVAX tokens.

The “battle pass” format was popularized by Fortnite and other games, letting players earn special items or in-game currency for playing a game and completing objectives, all the while.

Solana’s gaming ecosystem launched a Solana Game Pass earlier this year, as well, but now Avalanche has its own for crypto gamers.

“One ecosystem, one Battle Pass, one user experience,” Ava Labs Gaming Lead, Parker Heath, told Decrypt. “We’ve now got everything from AAA shooters (Off the Grid) to iconic IPs (MapleStory Universe) running on their own Avalanche Layer-1s. That’s awesome for scale, but it fragments discovery and can leave each community feeling siloed.”

“The Battle Pass is our on-chain watering hole—a single progression layer where players earn rewards no matter which game they drop into,” he added.



The Avalanche Battle Pass is available to mint for free for a month, and supports more than a dozen games, including Off the Grid, Spellborne, Forgotten Playland, Pixelmon: Warden’s Ascent, DeFi Kingdoms, and The Arena.

Broader blockchain gaming vibes have been down lately amid a spate of shuttered games and studios, not to mention declining token prices.

However, Heath pointed to some brighter stats—including Off the Grid’s 300,000+ daily users amid its in-game transition to the GUNZ mainnet, plus MapleStory N attracting over 770,000 users since last month’s launch.

“These titles highlight the increasing appetite for blockchain-enhanced gaming experiences and demonstrate Avalanche’s scalability and readiness to support complex, high-volume games,” Heath said.

The Avalanche Battle Pass is intended to reward those players, as well as incentivize them to explore games that may not have commanded as much attention yet.

Edited by Sebastian Sinclair

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.



Source link

0 comments
0 FacebookTwitterPinterestEmail
AVAX price down 9.75% on geopolitical tensions, but technicals saw it coming
Crypto Trends

AVAX price down 9.75% on geopolitical tensions, but technicals saw it coming

by admin



AVAX dropped almost 14% after Israel’s strike on Iran, more than most crypto assets, as bearish technicals prevailed.

Altcoins have taken a beating after Israel’s attack on Iran stoked fears of a broader Middle Eastern conflict. On Friday, June 13, Avalanche (AVAX) dropped more than 14%, to a daily low of $18.53. The token later stabilized at around $19, but still posted a daily decline of 9.75%.

Avalanche was just one of the altcoins that dropped as risk-off sentiment prevailed in the markets. Rising oil prices, which are fuelling inflation fears, are making traders flee to safe-haven assets. However, Avalanche’s declines were worse than the average, with just 23 out of the top 100 tokens seeing a worse drop.

A part of the reason was weak technicals, especially a long-term bearish pattern that formed in 2024. AVAX price formed a double-top pattern at $55.20, and subsequently crashed below $15. This pattern suggests that the price will face significant resistance before it can regain its previous levels.

AVAX price chart | Source: crypto.news

What is more, AVAX is still trading within the bearish flag pattern, near the lower boundary of its rising channel. Its price is currently below all key simple and exponential moving averages, showing that momentum is not in its favor.

What’s next for AVAX?

Despite the bearish technicals, Avalache has seen some positive ecosystem news in the past few weeks, which signals a positive long-term outlook. For one, the network has hit a number of milestones when it comes to usage.

The network hit an all-time high in gas usage, at 2.6 trillion, an ATH in daily transactions at 18.1 million, and a record number of transactions per second. This aligns with a broader trend of a steady increase in adoption. It also proves the network’s scalability and ability to process large volumes.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Altcoin ETF summer in limbo as SEC hits pause on DOGE, HBAR, and AVAX filings
NFT Gaming

Altcoin ETF summer in limbo as SEC hits pause on DOGE, HBAR, and AVAX filings

by admin



The U.S. Securities and Exchange Commission (SEC) has hit the pause button on several crypto exchange-traded fund (ETF) proposals, putting approval in doubt.

According to filings published this week, the SEC is delaying its decision for three ETF proposals, including Dogecoin, Hedera, and Avalanche.

The ETFs, filed respectively by Bitwise, Grayscale, and VanEck earlier this year, aim to launch spot ETFs backed directly by DOGE (DOGE),  HBAR (HBAR), or AVAX (AVAX), which would offer investors regulated access to the assets if approved.

However, the SEC stated it needs more time to assess the proposals. Citing concerns around investor protection and market integrity, the regulatory commission noted it is opening proceedings to allow for further analysis of whether the ETFs meet legal standards.

“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” the releases read. “Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

While not an outright rejection, the SEC’s move contrasts sharply with industry expectations. Earlier this week, Bloomberg analyst James Seyffart placed odds of approval for each of the assets around 75% to 80%, fueled by reports of positive engagement among the commission and issuers. 

The regulatory decision quickly rippled through the markets, dampening investor sentiment and triggering a sell-off across the three tokens. AVAX recorded the biggest loss, falling 12.5% from around $21.25 to $18.60 in a matter of hours. HBAR followed with an 11.5% slide, dropping from $0.1708 to $0.1512.

Despite being the least affected of the three, DOGE also dropped significantly, shedding 10.2% from $0.1906 to $0.1711. While all three tokens have shown minor recoveries since the initial dip, they remain in the red as uncertainty around ETF approval lingers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Avalanche Meme Coin Trenches Heat Up as AVAX Lambo Token Touches $25 Million

by admin



In brief

  • The trenches has exploded on Avalanche with multi-million dollar tokens launching via The Arena over the weekend.

  • Meme coin Lambo launched on Saturday and reached a $25.24M market cap before retracting to $18.8M.

  • Arena DEX activity spiked 645% to $17.7M volume, becoming Avalanche’s third-largest exchange.

Meme coin trading on the Avalanche blockchain is heating up with multiple multi-million dollar runners launched on SocialFi app The Arena. In fact, the platform’s native token, ARENA, has soared 127% to $58.7 million over the weekend.

The biggest winner is Lambo, a meme coin only just created on Saturday that’s jumped to a $25.24 million market cap. That’s almost half of the market cap of the platform it was launched on. But it has since retracted 25.3% to $18.84 million.

Other notable runners include Magic Internet Money, which peaked at a $5.4 million market cap on Friday and has since fallen 73% to $1.4 million. As well as Bridge Bro Bridge, which pokes fun at traders encouraging others to swap—or bridge—their tokens to Avalanche. The token touched $2.4 million before falling 35% to $1.5 million on Monday.

The Arena is a SocialFi app that enables users to monetize their content through a tipping system. Last month, the platform rolled out a token launchpad and DEX, short for decentralized exchange, which has recently exploded in volume.

Over the past 24 hours, according to DefiLlama, The Arena DEX has processed $17.7 million worth of volume—a 645% increase from the day after the DEX launched. This has raised it to be the third-largest decentralized exchange on Avalanche, surpassing Uniswap in the process.

The token launchpad created more coins on Saturday and Sunday than it had on any other day, excluding a single-day spike shortly after launch, according to Blockworks data. That said, the number of tokens launched on The Arena on Saturday and Sunday was 2,362 and 2,356, respectively. For comparison, leading Solana launchpad Pump.fun created 23,456 over the past 24 hours, according to Dune data.



But, traders believe it’s easier to pick a winner on Avalanche—possibly as a result of less saturation.

“I’m 100% serious when I’m telling you there’s a 0% chance I get this many right on Solana,” Jesus Martinez, Avalanche trader and ambassador, wrote on X, formerly Twitter. “It won’t last forever probably, but it does feel nice.”

“Another Arena launched coin going vertical,” pseudonymous crypto influencer Korean Jew also posted on X, referencing Lambo’s recent surge. “No big deal, happens all the time.”

As the Avalanche platform exploded in growth, the CEO of The Arena Jason Desimone reminded users that the app will eventually get its own L1. This is thanks to Avalanche’s ability to create L1s, previously called subnets, for projects to scale while still allowing L1s to interact with one another.

Avalanche shooter Off the Grid is one of the most shining examples of this in action, with its dedicated L1 in the GUNZ network powering its expanding in-game skin economy.

“Part of a thriving ecosystem is not just launching tokens, but builders building tools and dapps on top of this SocialFi L1,” Desimone said on X. “We’ve seen more tools and [decentralized apps] being built for Arena in the last 2 weeks than the previous 1.5 years. You’re still early to this. The path forward is clear.”

Edited by Stacy Elliott.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Picture of CoinDesk author CD Analytics
Crypto Trends

AVAX Surges 6% After Musk/Trump Dispute Sell-Off

by admin



Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world’s richest man endorsing Trump’s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files.

Avalanche’s token, AVAX

, was among those hit, dropping to as low as $18.48 from $20.14. It has since rise 6% to $19.65 to reclaim nearly 58% of the losses while forming a promising ascending channel pattern with resistance at $19.76, according to CoinDesk Research’s technical analysis model.

The token has lost 1% over 24 hours, while the CoinDesk 20, an index of the top 20 cryptocurrencies by market cap except for stablecoins, exchange coins and memecoins, has dropped 0.85%.

Recent trading sessions show decisive buying pressure, with notable volume spikes coinciding with price surges that briefly pushed AVAX to a local high of $19.76. Market analysis points to the consistent formation of higher lows over the past 14 hours as evidence of strengthening bullish momentum, with the $20.00 psychological level now within reach if current trajectory holds.

Technical Analysis

• AVAX experienced a sharp 8.14% decline from $20.14 to $18.48, with peak selling pressure when volume surged to 3.65 million.

• Strong support established at $18.48, with price subsequently climbing steadily to $19.65, reclaiming 57.8% of losses.

• An ascending channel pattern has formed with resistance at $19.76.

• Notable high-volume support emerged at $18.48-$18.88.

• Consistent higher lows over the past 14 hours indicate strengthening bullish momentum.

• In the last hour, AVAX continued recovery with a 1.01% gain from $19.49 to $19.69.

• Volume spikes occurred (45,299 and 64,948 units), coinciding with price surges to a local high of $19.76.

• Current price action shows strengthening bullish sentiment with support levels around $19.53-$19.55.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Picture of CoinDesk author CD Analytics
Crypto Trends

AVAX Jumps 6% as Trump-Musk Tensions Fade and Institutional Momentum Builds

by admin



Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period.

AVAX’s price may have rebounded from political jitters and moved on the back of major developments in real-world asset (RWA) tokenization and institutional adoption.

The token climbed from a low of $19.37 to $20.96, recovering from a wider market sell-off triggered by growing tensions between U.S. President Donald Trump and Tesla CEO Elon Musk earlier this week, which saw the former threaten to terminate government contracts for the latter, who in turn accused the president of being implicated in the Jeffrey Epstein files.

The token rebounded after showing multiple signs of bullish momentum, according to CoinDesk’s Research’s technical analysis data model, which shows AVAX established a strong footing around $19.40 that was confirmed by volume exceeding the 24-hour simple moving average.

Volume further rose around the time of AVAX’s breakout last the $20 mark, showing strength in the move. The token has now formed short-term resistance near $21 and support at $20.81, the model shows.

But the stronger-than-average rebound may not just be technical. Last month, FIFA announced it chose Avalanche to power its FIFA blockchain network, with plans to migrate its existing non-fungible token (NFT) collection from Algorand and Polygon into the new network and to build out new fan experiences.

Institutional momentum added another leg. Asset manager VanEck is expected to roll out a $100 million PurposeBuilt Fund this month after first announcing it on May 21, focused exclusively on projects within the Avalanche ecosystem.

The fund will back tokens and businesses in gaming, finance, and AI, while deploying idle capital into on-chain real-world asset products like tokenized money markets.

The price still faces technical resistance near $24.80, but the combination of institutional activity, on-chain RWA growth, and network usage from high-profile partners like FIFA could help AVAX stay ahead of broader market volatility through June.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



Source link

0 comments
0 FacebookTwitterPinterestEmail
CoinDesk Bot
NFT Gaming

AVAX Slides 7%, Hits Strong Resistance at $22.35 Level

by admin



The cryptocurrency market is experiencing significant downward pressure as global economic uncertainties impact digital assets across the board. Avalanche (AVAX) has been particularly affected, with increased selling occurring at high volume, establishing strong resistance at the $22.35 level.

New Jersey’s Bergen County announced on Wednesday that it plans to digitize all property deeds on the Avalanche network under a five-year agreement with blockchain software firm Balcony.

Technical Analysis

• Significant bearish momentum with price dropping from $23.04 to $21.48, representing a 6.78% loss over 24 hours.

• Strong volume-based resistance established at the $22.35 level with exceptionally high volume (2.24M).

• Multiple recovery attempts were rejected at the $21.88 zone, forming a clear resistance ceiling.

• Support emerged around $21.32-$21.40 with increasing buy volume.

• Price briefly rallied to $21.53 on high volume.

• Multiple support tests around $21.45-$21.47 suggest consolidation forming.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close