Tag: avalanche (avax)

May 20 2022

Avalanche Team: The Luna Foundation Guard and Terraform Labs are Yet to Sell AVAX Reserves Bought at $200m in April

Summary: The team from Avalanche has issued a transparency report on the fate of the AVAX reserves that the Luna Foundation Guard and Terraform Labs hold. According to Avalanche, Terraform Labs Purchased 1.09 million AVAX, and the Luna Foundation Guard Purchased 1.97 million AVAX back in April. The Luna Foundation Guard has disclosed it has no plans to use or sell the AVAX...

Avalanche Price Analysis: AVAX Sellers Tease $30 Fallout; Sell or Hold?

On May 12th, the ongoing correction in Avalanche(AVAX) price marked a new low of $23 and managed a daily candle closing above $30. Furthermore, the resulting lower price rejection indicated the demand pressure from below and halts charging bears. Moreover, a second retest to this fresh is expected to initiate a minor bullish pullback. Key...

Will Terra Sell Its $92 Mln Avalanche (AVAX) Holdings?

May 20 2022 Published at Coingape under tags  avalanche (avax) news terra (luna)

Avalanche cleared the air over the $92 million worth of AVAX tokens held by Terraform Labs and the Luna Foundation Guard (LFG). The blockchain said that it does not believe Terra will sell its holdings of the tokens, and that it is willing to assist in any AVAX sales. The holdings represent a small chunk...

May 17 2022

Yuga Labs, Apecoin DAO Reportedly Considering Offers to Migrate APE Off Ethereum and Possibly Onto Avalanche or Flow

Summary: Yuga Labs and the Apecoin DAO board members are reportedly listening to offers on migrating ApeCoin off Ethereum. Avalanche and Flow are allegedly negotiating for Apecoin to migrate to their chains. Neither Yuga Labs nor the Apecoin DAO has confirmed the potential migration to Avalanche or Flow. The Bored Ape Yacht Club Otherdeed NFT mint 'broke' Ethereum on April 30th, causing high...

May 16 2022

Avalanche (AVAX) Slumps 5% In Minutes On Fears Of Terra Dump

Avalanche (AVAX) slumped on Monday as traders feared that the Luna Foundation Guard (LFG) could dump its holdings of the token. AVAX is trading at $32.41, down 6% over the past 24 hours. The token's losses were triggered just after the Luna Foundation Guard said it intends to use its remaining reserves to return some...

May 11 2022

AVAX Price Analysis: AVAX price Losing 0.786 FIB level; Hold or Sell now?

Last week's candle closing below the $53.6 support intensified the ongoing correction in Avalanche(AVAX) price. The resulting freefall reflects a 35% devaluation as coin prices tease a bearish breakdown from the 0.786 FIB level. Will AVAX holders lose the $36 support level? Key points: The AVAX price expiring constant resistance from 20 DMA The AVAX...

May 10 2022

Avalanche Founder: I’m Bullish on UST Once the Dust Settles Down

Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) 'once the dust settles down' He explained that only active teams could defend algorithmic stablecoins against destabilizing bank runs Decentralized stablecoins are necessary as fiat-backed stablecoins are subject to legal seizures The markets will eliminate weak algorithmic stablecoins US-based teams do not have the right regulatory environment to...

May 06 2022

Avalanche Price Analysis: AVAX Price Retest Multi-month Support; Buy Now?

A fallout from the ascending wedge pattern signaled the continuation of the ongoing correction. Therefore, the aggressive selling from the traders breached the $67 local support and sank the (Avalanche)AVAX price to $55-$52 support. However, a bullish divergence in the RSI chart indicates the rising demand pressure at this support. Key points: The 20 DMA...

May 05 2022

Avalanche (AVAX) Prices Jump 14% On New Trust Launch, Here’s Why

Avalanche (AVAX), the 11th-largest cryptocurrency, rallied on Thursday after digital asset manager Valkyrie launched an investment trust dedicated to the token. AVAX jumped 14% in a few hours to a one-week high of $68.36. The spike came just after Valkyrie's announcement, which is expected to draw more institutional money into the Avalanche blockchain. The asset...

May 04 2022

The Ultimate Comparison Guide Between Avalanche and Solana

Avalanche and Solana are blockchains that have one of the largest ecosystems and communities in the industry. For example, at the time of writing this article, AVAX and SOL communities currently move $525 million and $912 million in 24 hours. Also, both networks are constantly developing optimized decentralized applications in sectors like DeFi, NFTs, P2E games, and...

May 02 2022

6 Ways to Invest your AVAX/sAVAX Tokens to Get Attractive Yields

Decentralized finance protocol, Vector Finance, has expanded its staking offerings. The new pools are of particular interest to AVAX holders as they offer potentially huge yields. In late April, Vector Finance announced new Avalanche staking pools with four-figure returns at the time. Therefore, in this article, you will discover how you can take advantage of Vector Finance with your AVAX tokens. Note:...

Apr 27 2022

Avalanche Price Analysis: Rising Channel Fallout Teases 28% Fall in AVAX

With the bear cycle cracking below the support trendline, the sellers plan a downfall below the $70 mark. Moreover, the retest of the bearish breakout brings an entry point for sellers. However, will the AVAX buyers step in at the horizontal level, or a clean bearish cut will continue the downfall. Thus, should you keep...

Apr 26 2022

Yield Yak – The Best Platform to Earn Rewards on Your $AVAX

Apr 26 2022 Published at Altcoin Buzz under tags  avalanche (avax) staking yield yak

Staking is one of the best ways to earn high rewards in the crypto ecosystem and Yield Yak is one of them. This Avalanche-based DeFi farming tool is known for providing DeFi users with the opportunity to earn massive yields. This article covers important details about how to invest $AVAX tokens and Yield Yak. Therefore, in this article, you will discover why Yield...

Avalanche Plans to Focus on Subnets Following a Successful Q1

Messari, a crypto-focused media organization, recently released a report by the name of State of Avalanche Q1 2022. The media platform analyzed Avalanche's performance in the first quarter of the year. Messari later hosted an analyst call featuring Ava Labs' John Nahas, Luigi DeMeo, Ed Chang, and Nick Mussallem to discuss Avalanche's...

Apr 20 2022

DeFi Token AAVE Jumps 10% On Avalanche Liquidity Tie-Up

Apr 20 2022 Published at Coingape under tags  aave avalanche (avax) defi news news usdt

AAVE, the native token on the eponymous DeFi platform, surged on Wednesday as liquidity mining through its latest version went live on Avalanche. The token also successfully tested a support level, and may be poised for more gains. AAVE rose 10% in the last 24 hours, and was trading at an over one-week high of...

Apr 14 2022

Avalanche’s Ava Labs Raises $350M at $5.25B Valuation

Summary: Aval Labs has reportedly raised $350 million in a round of funding at a $5.25 billion valuation The funding round has not been officially reported Avalanche is hot on the heels of the prominent blockchains of Ethereum and Solana AVAX has already captured the attention of the Luna Foundation that has added it to its UST reserves The leading developer of Avalanche...

Avalanche (AVAX) Rallies 7% On This Bullish Development

Avalanche (AVAX), the native token on the eponymous blockchain, rallied on a report that Ava Labs is raising more capital. The planned capital raise could see Ava, the blockchain's lead developer, become one of the most valuable crypto startups. AVAX jumped nearly 7% in the last 12 hours, and was trading at $81.58. The latest...

Apr 12 2022

AVAX Price Prediction

Avalanche is the blockchain industry's quickest smart contract platform, as measured by time-to-finality, which is lightning fast, low-cost, and environmentally friendly. Avalanche is a blockchain platform for smart contracts with a high throughput. The network is secured by validators using a proof-of-stake consensus protocol. It is claimed to be quick, inexpensive, and...

Apr 11 2022

Avalanche Price Prediction: AVAX Price Warns Trendline Breakdown

With the bearish reversal from the psychological barrier at $100, Avalanche(AVAX) prices declined by 25% and cracked beneath the support of 200 DMA. Although the increasing selling pressure is evident with the growing trading volume during the bearish retracement, the possibility of the trend sustaining below the 200-day DMA increases. So, will the bears break...

Apr 07 2022

Terra Adds Avalanche to its UST Reserve, Buys $100M in AVAX

Summary: The Luna Foundation has announced the addition of Avalanche to its UST reserves and bought $100 million in AVAX Avalanche becomes the second layer 1 digital asset to be added by Terra to its UST reserves Terra chose Avalanche over Ethereum due to its rapid growth and vast fan base Avalanche and Terra will also partner to create a gaming subnet The...

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