AVAX price poised for 50% rebound as Avalanche hits 3B transaction milestone
Main Idea
Avalanche Network has surpassed 3 billion transactions, signaling significant adoption and user growth, with AVAX price potentially rebounding by 50% to $27 resistance.
Key Points
1. Avalanche Network has officially surpassed 3 billion total transactions, highlighting massive adoption and user growth.
2. AVAX price is poised for a potential 50% rebound, targeting the $27 resistance level, following bullish ecosystem updates.
3. Avalanche's gas fees have significantly dropped from ~$0.12 to less than $0.001 after the Etna & Octane upgrades, improving scalability.
4. Blockticity launched an Avalanche-powered Layer 1 platform to authenticate goods worth over $1.2 billion, leveraging AI-centric Certificates of Authenticity (COAs).
5. AVAX has consolidated within the $22 and $16 range over the past month, currently trading at $18.12 after a 7% weekly gain.
Description
The cryptocurrency market remained calm on Monday after a range-bound weekend. Most altcoins traded near key price levels as Bitcoin consolidated below $108,000, trading at $107,655. Meanwhile, bullish ecosystem updates have renewed sentiments around $AVAX, which appears ripe for substantial recoveries to $27 resistance – a 49.01% gain from current prices. The Avalanche Foundation has announced that the network has surpassed 3 billion transactions, a key accomplishment in blockchain adoption and...
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