Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

The Avalanche protocol was released by an anonymous group called Team Rocket in May of 2018. It was then developed by a group of Cornell researchers led by Emin Gun Sirer, who is now the founder and CEO of Ava Labs. 

The Avalanche Mainnet was launched in September 2020, when it also issued its native $AVAX token. 

Avalanche is an open, programmable smart contracts platform built to enable the launch of decentralized applications that are scalable and secure. 

Avalanche is designed with an emphasis on interoperability, meaning its infrastructure could be utilized by a multitude of blockchains that use $AVAX as the underlying token. 

$AVAX has a capped supply of 720 million tokens. The rate at which the maximum cap is reached is subject to governance of token holders. 360 million tokens were supplied at the genesis block, while the remaining 360 million are minted over time. 

Avalanche has gained traction with decentralized finance applications due to its high speeds and low costs. Total value locked (TVL) on the Avalanche ecosystem exceeds $13 billion as of Nov. 2021. It crossed $1 billion for the first time in late August 2021.


Avalanche's top DeFi protocols by TVL are Aave and Trader Joe. TVL represents the amount of assets being staked on a certain protocol.

Avalanche's price has moved sideways, staying above the $18 support but below the moving average lines. AVAX price analysis by Coinidol.com.

Avalanche's Range Remains Above The $18 Low

Bitcoin

According to the teams, Ava Labs has transferred the infrastructure supporting BTC.b, the bitcoin-backed token on the Avalanche blockchain, to Lombard Finance Limited, marking a change in how the asset will be managed across blockchain networks. Lombard to Oversee BTC.b Bridge Following Agreement With Ava Labs The handover gives Lombard control of BTC.

Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use

With both BTC.b and LBTC, Lombard is the only platform offering both yield and non-yield bitcoin assets, founder Jacob Phillips said.

Lombard Finance acquires BTC.b, Avalanche's bridged bitcoin asset, from Ava Labs

Avalanche has been moving sideways above the $18 support but below the moving averages since October 10. AVAX price analysis by Coinidol.com.

Avalanche Is Above $18 In A Lateral Trend

Japan-based payments giant TIS to launch a blockchain-based platform using Avalanche infrastructure as demand for stablecoins, tokenized assets grows.

Japan's $2T Payment Provider TIS Rolls Out Multi-Token Platform With Avalanche

Avalanche has steadily declined to the projected price of $19.30. AVAX price analysis by Coinidol.com.

Avalanche Holds Above Its Predicted Price Of $19.30

Coinidol.com: the price of Avalanche (AVAX) has made another attempt to resume its bearish trend.

Avalanche Oscillates But Risks Decline Below $20

Avalanche (AVAX) fell below the moving average lines after becoming trapped between them.

Avalanche Rises And Bounces Back Above $20

Zcash

Avalanche (CRYPTO: AVAX), Hyperliquid, and Zcash (CRYPTO: ZEC) are drawing investor attention after outperforming larger networks like XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA) in both technical and on-chain activity. Avalanche Crosses 7 Billion Transactions as Price Consolidates AVAX Price Analysis (Source: TradingView) Avalanche has surpassed 7 billion total transactions, cementing its position among the most actively used blockchains.

Step Aside XRP, ADA, Solana—AVAX, ZEC And This 'Ethereum Killer' Are The New Outperformers

Bitcoin is primed for a major breakout as mounting conviction, structural altcoin weakness, and renewed focus on fundamentals ignite momentum toward what could be a defining bull run.

Bitcoin's Next Leg up: Samson Mow Predicts Capital Avalanche Before Real Bull Market

CruTrade, a new marketplace built on the Avalanche blockchain, has launched with more than $60 million worth of tokenized fine wine, marking what it calls the world's largest live pool of on-chain luxury assets.

Avalanche, CruTrade Tokenize $60M of Collectable Bottles of Fine Wine

The altcoin is expected to trend once these range-bound levels are breached. AVAX price analysis by Coinidol.com.

Avalanche Falls Below Key Support at $30

Speaking at the Electronic Cash Conference in Barcelona, eCash founder Amaury Séchet announced the launch timeline for “Pre-Consensus,” a feature slated for the Nov. 15 network upgrade. Avalanche-Style Pre-Consensus Arrives on eCash Nov.

XEC Founder Outlines Instant-Finality Plan Using Avalanche Pre-Consensus

Avalanche Treasury Co. (AVAT) is set to merge with Mountain Lake Acquisition Corp. in a $675 million deal. The company aims to create the largest public vehicle for institutional AVAX exposure with a $1 billion treasury. AVAT Strikes $675 Million Merger With Mountain Lake Acquisition Corp. Avalanche Treasury Co.

Avalanche Treasury Co. to Build $1 Billion AVAX Treasury via New Merger

Another AVAX treasury firm is inbound, this one with the support of the Avalanche Foundation via a discounted token sale and priority for future buys.

Avalanche Treasury Co. Coming With Foundation Support via $675 Million SPAC Deal

Today, the upward correction has stalled near the 21-day SMA. Price analysis of Avalanche by Coinidol.com.

Avalanche Slows Its Descent Above $27

Avalanche Treasury Co. (AVAT) has announced a $675 million-plus business combination with Mountain Lake Acquisition Corp. (MLAC), setting the stage for what it hopes will become a $1 billion ecosystem treasury, the company said in a press release Wednesday.

Avalanche Treasury Co. Going Public in $675M SPAC Deal Backed by AVAX Ecosystem

The deal includes an initial $200 million discounted AVAX purchase allocation through the Avalanche Foundation.

Avalanche Treasury Co. strikes $675 million merger deal to form AVAX DAT

Avalanche's (AVAX) price has dropped below the 21-day SMA support after encountering resistance at $35.72.

Avalanche Slumps Amid Fears Of Falling To $19

Avalanche's native token AVAX fell 8% over the past 24 hours to $27.72, extending a weeklong slide that erased nearly 18% of its value. The drop occurred alongside a broad plunge in crypto markets that's seen ETH, SOL, DOGE also post double-digit percentage declines over the past week and BTC fall 6%.

Avalanche's AVAX Extends Weekly Losses to 18% as Institutional Backing Fails to Lift Market

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Avalanche (AVAX) Slides 7.1%, Leading Index Lower

The crypto market slid early Thursday as ether, the second-largest token, dropped more than 3% to below $4,000. The decline triggered large liquidations, including a multimillion dollar loss for one whale.

Crypto Markets Today: AVAX Open Interest and Price Tanks, HYPE Underperforms

An advisor to the Trump family-backed cryptocurrency platform World Liberty Financial placed a risky long bet on Avalanche (CRYPTO: AVAX) following the announcement of the first publicly traded AVAX-focused treasury company. So Far So Good For AVAX Long Whale The individual, operating under the pseudonym Ogle on X, opened a 10x leveraged long bet on AVAX, worth $2.2 million, according to Lookonchain.

Advisor To Trump Family's World Liberty Financial Opened A Bold 10x Long Bet On Avalanche — Here's How Much They Have Gained

Agriforce is rebranding as Avax One and plans to raise $550 million. This move aims to make it the first NASDAQ-listed company focused on Avalanche. Avax One Aims for $700 Million in Avalanche Holdings Backed by Institutional Investors Agriforce Growing Systems (Nasdaq: AGRI) announced it will rebrand as Avax One.

News for Avalanche Crypto (AVAX)