AVAX surges by 11.92% in the last 7 days.
The post AVAX surges by 11.92% in the last 7 days. appeared on BitcoinEthereumNews.com.
AVAX surged by 11.92% in the last 7 days Coinbase derivatives has now filed for AVAX’s Futures certification with the CFTC Avalanche (AVAX) continues to defy market trends with a sustained hike on the charts. Although most altcoins have recorded sharp declines, AVAX remains strong and well-positioned to climb amidst BTC’s volatility. Over the last 7 days alone, various factors have driven AVAX’s positive price trajectory. For starters, Coinbase Derivatives made news recently after it officially filed certifications with the CFTC to offer U.S-regulated Futures for AVAX. Additionally, Coinbase will also be looking at LINK, DOT, Stellar, and Shiba Inu Futures. This is a major milestone as it will boost investor confidence in the altcoin. Also, institutional and other retail investors will view AVAX as a mature asset that is gathering attention from big market players. That’s not all either, as Moongate announced its integration of AVAX too. In a post on X, its team stated, “We’re excited to announce Moongate has just integrated with @avax! With #Avalanche, we’re bringing a new level of transaction efficiency and security to our platform.” These developments are positive endorsements for AVAX, which can potentially affect market sentiment and activities. In fact, these moves have left analysts optimistic, with many now predicting huge gains for AVAX. Popular analyst John Mayer, for instance, shared, “The price of $AVAX rose sharply today before slightly paring back its gains in steady volume. We’ve retaken $28; next, we should go for $30. #Avalanche is currently focused on gaming partnerships, with small but growing #DeFi apps and increasing #NFT activity.” What do key indicators suggest? Now, while most analysts’ projections and market developments are favoring AVAX, what do the metrics say? Source: Coinglass AMBCrypto’s analysis revealed that AVAX has been on an upward trajectory and will continue to be…
Filed under: News - @ June 30, 2024 3:26 pm