{"id":501894,"date":"2022-09-11T15:03:21","date_gmt":"2022-09-11T15:03:21","guid":{"rendered":"https:\/\/wncen.com\/?p=501894"},"modified":"2022-09-11T15:03:21","modified_gmt":"2022-09-11T15:03:21","slug":"avalanche-outmatches-top-cryptos","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avalanche-outmatches-top-cryptos\/","title":{"rendered":"Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.<\/span><\/em><\/p>\n<ul>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 August shows a whopping 46 million transactions made on the Avalanche network<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 Avalanche network busy with major developments and integrations<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 4-hour chart for AVAX shows bullish movement<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cosmos-touches-highest-point-since-may-as-atom-expands-25\/\"> Cosmos Touches Highest Point Since May As ATOM Expands 25%<\/a><\/div>\n<h2><b>Avalanche Price Looking Optimistic<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The daily chart for AVAX looks optimistic. On the other hand, some on-chain metrics also reveal the potential for the altcoin to swerve down. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, AVAX price is up by 0.33% or trading at $20.39 as of this writing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the past couple of days, the Daily Gas Usage of AVAX was able to touch the ATH of 462,891,881,113 which is a great sign that shows an increase of users supporting Avalanche. <\/span><\/p>\n<p><span style=\"font-weight: 400\">More so, the DFK Chain was found out to contribute greatly to the increase in gas usage.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network\u2019s TVL Weekly Dashboard. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Some of the major integrations include FTX Japan listing AVAX on their website and also Avalanche\u2019s partnership with Bubblemap designed to pave way towards a faster and optimized Web3 user experience.<\/span><\/p>\n<h2><b>AVAX Price, Volume Up After Network Update<\/b><\/h2>\n<p><span style=\"font-weight: 400\">With these updates happening, AVAX went north and the pump in price came by default. Apart from the increase in price, AVAX also skyrocketed in terms of volume which hints a further upswing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With AVAX price climbing on the charts, developments on the Avalanche network has also subsided which is not a good sign at all. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Apart from developments dwindling down, AVAX social volume has also nosedived which demonstrates the waning interest of the community in Avalanche.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-501897 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/av.png?resize=551%2C237\" alt=\"\" width=\"551\" height=\"237\"><\/p>\n<pre style=\"text-align: center\">Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Although a couple of metrics suggest a decline, the four-hour chart of AVAX suggests that the token could be offshooting targets with several metrics going green for AVAX. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Evidently, RSI is showing an uptick which hints a price increase that could happen in the next couple of days. More so, the 20-day EMA touching the 55-day EMA shows a bullish crossover.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, the CMF has plunged which hints a bearish movements. <\/span>While the MACD data shows some bullish streaks, this could flip soon to go bearish with the red lines outpacing the blue lines, hindering any chance of a price rally.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/binance-coin\/binance-coin-surpasses-1-billion-trading-volume\/\"> Binance Coin Surpasses 1 Billion Trading Volume After BNB Network Upgrade<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/xOiFXyxk\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">AVAX total market cap at $5.7 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from ABC of Snowboarding, Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies. \u00a0 \u00a0 \u00a0 \u00a0 August shows a whopping 46 million transactions made on the Avalanche network \u00a0 \u00a0 \u00a0 \u00a0 Avalanche network busy with major developments and integrations \u00a0 \u00a0 \u00a0 \u00a0 4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX. August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with. Related Reading: Cosmos Touches Highest Point Since May As ATOM Expands 25% Avalanche Price Looking Optimistic The daily chart for AVAX looks optimistic. On the other hand, some on-chain metrics also reveal the potential for the altcoin to swerve down. According to CoinMarketCap, AVAX price is up by 0.33% or trading at $20.39 as of this writing. Over the past couple of days, the Daily Gas Usage of AVAX was able to touch the ATH of 462,891,881,113 which is a great sign that shows an increase of users supporting Avalanche. More so, the DFK Chain was found out to contribute greatly to the increase in gas usage. Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network\u2019s TVL Weekly Dashboard. Some of the major integrations include FTX Japan listing AVAX on their website and also Avalanche\u2019s partnership with Bubblemap designed to pave way towards a faster and optimized Web3 user experience. AVAX Price, Volume Up After Network Update With these updates happening, AVAX went north and the pump in price came by default. Apart from the increase in price, AVAX also skyrocketed in terms of volume which hints a further upswing. With AVAX price climbing on the charts, developments on the Avalanche network has also subsided which is not a good sign at all. Apart from developments dwindling down, AVAX social volume has also nosedived which demonstrates the waning interest of the community in Avalanche. Chart from TradingView.com Although a couple of metrics suggest a decline, the four-hour chart of AVAX suggests that the token could be offshooting targets with several metrics going green for AVAX. Evidently, RSI is showing an uptick which hints a price increase that could happen in the next couple of days. More so, the 20-day EMA touching the 55-day EMA shows a bullish crossover. On the other hand, the CMF has plunged which hints a bearish movements. While the MACD data shows some bullish streaks, this could flip soon to go bearish with the red lines outpacing the blue lines, hindering any chance of a price rally. Related Reading: Binance Coin Surpasses 1 Billion Trading Volume After BNB Network Upgrade AVAX total market cap at $5.7 billion on the daily chart | Source: TradingView.com Featured image from ABC of Snowboarding, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":501900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85951,3],"tags":[9885,83347,86413,1144,65296,8686],"class_list":["post-501894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-avalanche","category-news","tag-avalanche","tag-avax","tag-avax-price","tag-btcusd","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) has recently spiked by as much as 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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