Avalanche (AVAX), a prominent layer-1 blockchain platform, has experienced a 12% decline in price over the past week, currently trading at $27.72. However, recent market data suggests that AVAX may be gearing up for a rebound, with a potential retest of the $30 level.
Read MoreAvalanche (AVAX) is set to reduce the barriers to entry for launching a new subnet, aiming to attract more game development teams. Previously, creating a subnet required teams to also become validators for the main Avalanche layer, necessitating a stake of 2,000 AVAX.
Read MoreAvalanche (AVAX) recently surpassed the upper boundary of a descending channel on May 13, leading to an approximately 10% increase in its price. Yet, indications from on-chain data hint at a potential downturn in demand for the altcoin throughout the past week.
Read MoreDan Gambardello, a prominent market analyst and founder of CryptoCapitalVenture, has identified Cardano (ADA) as a potential beneficiary following the SEC’s recent approval of spot Ethereum exchange-traded funds (ETFs).
Read MoreAvalanche has been grappling with a persistent struggle to break through its price range, fluctuating between $30 to $39 for several weeks. As of the current writing, the price of Avalanche (AVAX) sits at $34.98, accompanied by a market cap of $13,366,945,544.
Read MoreOver the past few weeks, Avalanche [AVAX] has seen a major decrease in price after reaching all-time highs in March.
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