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AVAXUSD

Avalanche / US Dollar

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Digital Currency

Cryptocurrency Avalanche / US Dollar

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Avalanche (AVAX) has surpassed Dogecoin (DOGE) to become the ninth largest cryptocurrency by market cap, reaching over $14 billion. AVAX's price has increased by 130% over the last 30 days, outperforming DOGE's 27% growth. The increase in open interest and large transactions over $100,000 indicates strong bullish sentiment. NodeKit, developing on Avalanche, raised $1.2 million from notable investors, adding to the positive momentum for AVAX.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 3:48 am

The crypto market in 2023 has seen significant gains, particularly for Bitcoin. Regulatory advancements have increased crypto adoption. Solana, Avalanche, and Cardano have shown substantial growth, with Solana leading at 419% gains. Recent developments for these tokens include network upgrades, increased validators, and expansion in DeFi and stablecoin value. Despite a pressured market, these three tokens have outperformed Bitcoin and Ethereum in the short term.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 12:29 am

Following the U.S. Federal Reserve's decision to maintain interest rates, the cryptocurrency market has shown resilience with major digital assets experiencing price increases. Bitcoin (BTC) leads with a 4.1% rise, trading at approximately $42,760 and a market cap of $836.9 billion. Ethereum (ETH), BNB, XRP, Solana (SOL), Cardano (ADA), Lido Staked Ether (STETH), Avalanche (AVAX), and Dogecoin (DOGE) also saw gains, with SOL, ADA, and AVAX showing significant increases over the last week.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 9:57 pm

Crypto experts have expressed bullish forecasts for Cosmos (ATOM), BONK, and SUI, with potential price targets and market momentum discussed. Altcoin Sherpa sees ATOM gaining momentum and possibly reaching $15, while also suggesting a positive outlook for BONK. Analyst Bluntz predicts a parabolic rally for SUI and notes that Avalanche (AVAX) is outpacing Solana (SOL) in market movement.

Portfolio Pulse from Murtuza Merchant

December 13, 2023 | 7:40 pm

Ahead of the Federal Reserve's decision, Bitcoin (BTC) and Ethereum (ETH) experienced declines, with BTC trading below $42,000 and ETH below $2,200. FTX Token (FTT) emerged as the top gainer, while Bonk (BONK) was the biggest loser. The global crypto market cap dropped to $1.55 trillion, a 1.8% decrease over 24 hours. U.S. producer prices remained steady in November, defying market expectations of a rise.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 2:30 pm

Trader Joe, a decentralized exchange on the Avalanche blockchain, reached its second-highest fee capture of $1.23 million and revenue of $145,000 on Dec. 11. The surge in performance coincided with a 7% increase in AVAX price and a 30% rise in JOE token value over the past week. This growth reflects Trader Joe's expanding influence in the DeFi sector and the platform's popularity within the Avalanche ecosystem.

Portfolio Pulse from Murtuza Merchant

December 12, 2023 | 5:26 pm

Avalanche (CRYPTO: AVAX) has seen a significant increase of 11.88% in its price over the past 24 hours, reaching $39.17. Over the last week, AVAX has surged by 81.0%, rising from $22.06. Despite the recent gains, it is still below its all-time high of $144.96. The trading volume for Avalanche has increased by 475.0% over the past week, and its circulating supply has risen by 0.08%, now at 365.75 million coins, approximately 50.8% of its max supply. Avalanche currently holds the #10 market cap ranking at $14.32 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:00 pm

Avalanche (CRYPTO: AVAX) has seen a significant increase in value, rising over 6% in the past 24 hours and 76% over the past week, outperforming the top 20 cryptocurrencies. Coinshares reported $2 million in inflows into Avalanche, and analyst Jacob Canfield expressed a bullish outlook on AVAX. Large transactions have been frequent, and JPMorgan and Apollo's interest in using Avalanche for asset tokenization may be supporting its price. Coincheck recently listed AVAX, and over $275 million in AVAX has been allocated to reward validators, emphasizing the community's commitment to a robust network.

Portfolio Pulse from Khyathi Dalal

December 11, 2023 | 10:25 pm

The crypto markets are experiencing a downturn with significant liquidations and a drop in the global crypto market cap. Bitcoin's dominance stands at 52.0%, and most cryptocurrencies are trading sideways or in the red, except for USDC and AVAX. The market is awaiting the FOMC's final meeting of 2023 and inflation data, with expectations that the Fed will maintain interest rates. Bitcoin has declined to $40,978, a 6.6% drop, with Ethereum and XRP seeing similar losses. The market is also looking forward to the Bitcoin halving event and the potential approval of a spot Bitcoin ETF.

Portfolio Pulse from Khyathi Dalal

December 11, 2023 | 7:55 pm

The cryptocurrency market experienced a downturn, with Bitcoin (BTC) and Ethereum (ETH) recording losses, falling below $43,000 and $2,300 respectively. FTX Token (FTT) was the top loser over the past 24 hours, while Injective (INJ) led the gainers. The global crypto market cap declined by 3.2% to $1.58 trillion.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 3:04 pm

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