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DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Avalanche (AVAX) has become a hot topic among crypto enthusiasts as speculation mounts about its possible rise above $40. Meanwhile, Shiba Inu (SHIB) traders, usually fans of meme tokens, are shifting their focus and injecting huge amounts of cash into other blockchain projects. One project catching their eye is IntelMarkets, an advanced AI trading platform. With its dual-chain integration, effortless market access, and trading bots proven effective for thousands of users, IntelMarkets is changing everything in the sphere of blockchain and AI. Avalanche Price Forecast and Its Road to $40 Avalanche (AVAX) is stable at the moment after facing resistance at $37.76, which is its all-time high for November. The token has a market cap of $14 billion and $748 million in daily trading volume. Many experts believe that this is just the beginning with forecasts as high as $40 in the short term going up towards $200 in the long run. In the meantime, Avalanche (AVAX) has made strategic moves to bolster its ecosystem. The network recently repurchased $53 million worth of AVAX tokens from the Luna Foundation Guard. These funds will go toward grants, community projects, and DeFi initiatives, all of which will promote growth and enhance the platform. On the technical side, the charts paint a promising picture. A golden cross has formed on the Avalanche (AVAX) charts, which is the crossing of the 50-day and 200-day EMAs. Additionally, the price action shows the presence of an inverted head and shoulders pattern that is likely to lead to an upward price movement.   If the level at $37.76 is broken,…

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Filed under: News - @ November 21, 2024 6:22 pm