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Market Cap AVAX, $Market Cap AVAX, $Market Cap AVAX, $

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AVAX trade ideas

AVAX Under ☁️ Skies: Is it Time to Sell? Bullish sun ☀️ shines over most of the global crypto market, indicating a continued upward trend in the coming 24 hours. Cloudier ☁️ bearish trading conditions linger over Ripple’s XRP, Avalanche, and Binance Coin, signaling a downward trend, ATTMO shows. Over a one-week horizon, the bullish sun ☀️ will continue to dominate the crypto universe, though Litecoin and XRP may face cloudier 🌥️ conditions and a downward trend. Follow us for more crypto weather reports!
CRYPTOCAP:AVAX
by ATTMO
AVAX (Avalanche) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis: Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 450+ individual projects, $118M+ of AVAX burned (reducing supply), 1,350+ individual block-producing validators, and over 1.5M+ community members around the globe. AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche. The total supply of AVAX is 720 million. Its token distribution is as follows: 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months. 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months. 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months. 9.26% - allocated to the foundation, released over ten years. 7% - community endowment, released over twelve months. 0.27% - testnet incentive program, released over one year. 5% - strategic partners, released over four years. 2.5% - airdrops, released over four years. 10% - team, released over four years. 50% staking rewards Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX. The current CoinMarketCap ranking is #10, with a live market cap of $26,215,418,498 USD. It has a circulating supply of 267,355,674 AVAX coins and the max. supply is not available. we have already Analyzed the AVAX (Avalanche) Coin Asset, you can read more Fundamentals and understand the Project: Technical Analysis: Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$. There exist the Hidden Bullish Divergence of Price Value and MACD , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area .
CRYPTOCAP:AVAXLong
by BitonGroup
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