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AVAXUSD

Avalanche / US Dollar

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Cryptocurrency Avalanche / US Dollar

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Avalanche (AVAX) experienced a 7% increase in its trading session on Friday, ahead of its largest token unlock scheduled for the last week of February. The unlock will release 9.5 million AVAX, worth approximately $322 million. This event marks the largest token unlock for Avalanche, with 57.7% of AVAX already in circulation. Over the past week, Avalanche's price has increased by 10.2%, and its NFT sector is seeing rapid growth with new projects. Former White House Communications Director Anthony Scaramucci mentioned Avalanche as part of his portfolio, describing it as a high-quality asset. Market analysts predict a bullish future for AVAX, with targets ranging from $230 to $285.

Portfolio Pulse from Khyathi Dalal

February 02, 2024 | 8:58 pm

NBA star Dwight Howard's NFT collection 'Ballers by Dwight Howard' has been accused of being a 'rugpull' by blockchain investigator ZachXBT. The collection, which offered 3,000 NFTs on the Avalanche network at 2 AVAX each, only sold 10% after launch. Efforts to redesign the NFTs, incentivize buyers, and reduce supply to 1,500 did not significantly improve sales, with only 15% minted and the floor price falling below mint price. Ava Labs distanced themselves from the project. Meanwhile, Peckshield reported a 27.78% decrease in crypto losses from cybercrimes in 2023, with $674.9 million recovered from hacks.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 6:41 pm

Avalanche (CRYPTO: AVAX) has seen a 4.16% increase in price over the last 24 hours, reaching $36.01, and a 24.0% gain over the past week from $29.07. Despite the recent gains, it is still well below its all-time high of $144.96. The trading volume has decreased by 2.0% and the circulating supply dropped by 0.58% to 367.07 million, which is approximately 50.98% of the maximum supply. AVAX's market cap is currently ranked #10 at $13.19 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:03 pm

Dogecoin (DOGE) is currently ranked 10th in market cap at $11.32 billion, behind Avalanche (AVAX) at $12.94 billion. DOGE saw a 12% increase last week but faces short-term bearish sentiment with its price below the 50-day SMA. Long-term indicators are more positive. Avalanche shows bullish signs across all SMAs and has a rising OBV, indicating strong buying activity. DOGE needs a 16.15% price increase to surpass AVAX's market cap. At the time of writing, DOGE is at $0.078 and AVAX at $35.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 8:21 am

Avalanche (CRYPTO: AVAX) has seen a 7.27% price increase over the past 24 hours, reaching $32.24, despite a 2.0% decline over the past week. The coin's all-time high is $144.96. Trading volume has decreased by 14.0%, and the circulating supply has dropped by 0.19% to over 367 million coins, which is approximately 50.97% of the maximum supply of 720 million. AVAX's market cap is currently ranked #10 at $11.81 billion.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:02 pm

The Avalanche Foundation announced criteria for meme coins eligible for its $100M Culture Catalyst program, causing AVAX tokens to surge by 4%. The criteria focus on security, maturity, and popularity, with specific requirements for token launches, resistance to bots, and due diligence. Memecoins must meet minimum holders, liquidity, market cap, and trading volume on Avalanche decentralized exchanges. The announcement has positively impacted AVAX's price, cushioning its recent losses.

Portfolio Pulse from Khyathi Dalal

January 24, 2024 | 10:09 pm

Avalanche (CRYPTO: AVAX) has seen a significant price drop of 7.64% in the last 24 hours, reaching $30.75. Over the past week, the price has declined by 12.0% from $35.46. The decrease in price is accompanied by a 23.0% reduction in trading volume and a 0.66% decrease in circulating supply. The current circulating supply is 366.80 million, about 50.94% of the maximum supply of 720.00 million. Avalanche's market cap is ranked #11, valued at $11.28 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:01 pm

Avalanche (CRYPTO: AVAX) has seen a 6.11% price drop over the past 24 hours, continuing a weekly decline of 14%. The trading volume has decreased by 67%, while the circulating supply increased by 0.33%. Avalanche's market cap ranking is currently #10, valued at $12.36 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:00 pm

Franklin Templeton, a $1.5 trillion fund, handed over its Twitter account to its Digital Assets Research Team, which posted memes and bullish takes on cryptocurrencies like Bitcoin and Solana. This reflects a broader culture shift in traditional finance towards embracing cryptocurrency culture. The fund's actions, including adding 'laser eyes' to its avatar and discussing a potential Solana ETF, indicate a growing accommodation of crypto by traditional financial institutions. Industry figures like Nic Carter and Emin Gün Sirer reacted to the event, while BlackRock CEO Larry Fink and JPMorgan CEO Jamie Dimon expressed support for tokenization.

Portfolio Pulse from Ivan Crnogatić

January 18, 2024 | 5:44 pm

Chainlink (LINK) has integrated Circle's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP), enabling USD Coin (USDC) transfers across multiple blockchains. This move aims to enhance DeFi applications and global payments. LINK's price has risen by 5.7% in the last 24 hours and 11% over the past week, reflecting positive market sentiment. The integration initially covers Ethereum (ETH), Arbitrum (ARB), Optimism (OP), Avalanche (AVAX), and Base (BASE) mainnets, with plans for further expansion.

Portfolio Pulse from Murtuza Merchant

January 17, 2024 | 8:54 pm

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