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Avalanche price, market cap on Coin360 heatmap

Avalanche(AVAX)

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$24.2447
(14.84%)
0.00101215 BTC
Market Cap (Rank#15)
$6,884,824,598
287,423 BTC
Vol 24h
$470,835,667
19,656 BTC
Circulating Supply
283,972,638.52
Max Supply
720,000,000
7h agocointelegraph
Price analysis 8/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
13h agocryptodaily
Fetch.Ai CEO Humayun Sheikh discusses Web3, Blockchain AI & ML
In this article, we are interviewing Humayun Sheikh, CEO and Co-Founder of Fetch-ai Network about how AI/ML technology can leverage blockchain, Fetch-ai Network's ecosystem, and the role of AI in the Web 3.0 revolution. Hello Humayun! Thank you for participating in this interview. Could you introduce yourself to our readers? I am an entrepreneur, investor and a tech visionary, who is passionate about technologies such as AI, machine learning, autonomous agents, and blockchains. I was a founding investor in DeepMind where I supported commercialisation for early-stage AI & deep neural network technology. DeepMind was ultimately acquired by Google for $650m in 2014. In 2017, I saw the opportunity at the intersection of blockchain, AI, and autonomous agents that. This is my fourth major venture. At Fetch.ai we are building the world's first peer-to-peer connectivity platform that aims to bring autonomous agents and AI capabilities - Open CoLearn, Axim and Dabbaflow products, on our blockchain based ledger - Fetch-ai Network How did you come up with the idea of merging AI/ML with blockchain technology? Blockchain brings the tenets of immutability, resiliency and decentralization. Once code in the form of smart contracts was able to use these tenets, it was logical for us to start building multi-stakeholder agent-based automation and AI/ML capabilities that are the cornerstone of the Fetch technology. We see the opportunity for our technology to leverage blockchain, cryptography and privacy-preserving primitives to solve complex coordination problems in a truly peer-to-peer fashion that will be devoid of centralized rent-seeking that is plaguing Web 2.0. What kind of applications do you foresee using Fetch-ai Network's ecosystem? The crypto asset market is relatively young when compared to assets in the traditional financial system. This is reflected in the relative lack of liquidity for the crypto assets when compared to the traditional assets, which took multiple decades to develop and get to the current levels of liquidity. Therefore, in the near term, it is fair to expect Decentralized Finance (DeFi) based applications to lead the charge as the primary use case for blockchains and crypto. We also expect DeFi to progressively bring new users in the blockchain and crypto fold. Particularly, we see an opportunity for apps offering real-world asset-backed stablecoin loans. Beyond DeFi there are opportunities in other consumer-facing apps such as decentralized delivery networks, Move2Earn apps, decentralized and privacy-preserving file-sharing, and other apps that will unlock truly peer-to-peer gig economies. MEXC and Bybit recently announced a $150M Fetch-ai Network Development Fund. Can you tell our readers about this Fund? The development fund is aimed at growing the Fetch-ai Network ecosystem by sponsoring DApps that will leverage the various tools for building decentralized applications that would increase the utility of the network. The development fund would be particularly interested in DApps that can not only serve a specific domain but can also become a building block for other DApps to have a multiplier effect on increasing the utility of the Fetch-ai Network. Can you shed some light on how you see the role of AI and Fetch-ai Network in Web 3.0? Web 3.0 is aiming to harness the true power of the interconnected web of computers to enable true peer-to-peer digital economies. There will however be a transitional phase where the w2.0 will embrace w3.0 ie W2.5.At Fetch-ai Network, we see our role as the infrastructure provider that leverages technologies such as blockchain, multi-agent frameworks, and AI to accelerate development and deployment of such peer-to-peer applications. We believe that our Fetch-ai blockchain network and automation using our Autonomous Economic Agents (AEAs) which can also be leveraged for off-chain interactions (not using the blockchain) will provide highly actionable datasets that can be leveraged by our AI tools to create more advanced peer-to-peer applications. How is Fetch-ai Network ready for the Web 3.0 revolution? We have our own Fetch-ai blockchain network that is based on the modular Cosmos SDK technology. DApp builders can write more secure Cosmwasm-based smart contracts in the Rust programming language. Our network is a Proof of Stake blockchain that has low transaction fees, instant transaction finality and is more environmentally sustainable than a first-generation Proof of Work blockchain such as Bitcoin. Our network also communicates with the other networks in the Cosmos ecosystem using the Inter Blockchain Communication (IBC) protocol. And soon it will be able to communicate with other popular ecosystems such as Ethereum, Polygon, Solana, Avalanche, and Polkadot. Besides our network, our key differentiators are our Autonomous Economic Agents (AEAs) that can not only help with automation but also enable peer-to-peer off-chain communication. Fetch-ai Network’s products such as Open CoLearn, Axim and Dabbaflow provide privacy-preserving decentralized federated learning capabilities to all DApps on the Fetch-ai Network. Can you share some insight into the unique ecosystem around the FET token? The FET token forms the backbone of the Fetch-ai Network and will be the fuel to power all applications being deployed on Fetch-ai Network. I would like to highlight some key Fetch-ai Network ecosystem projects: Open CoLearn a decentralized federated learning network, Dabbaflow a decentralized privacy-preserving file-sharing application, Fetch.ai app for unlocking peer-to-peer digital economies, Mobix a Move2Earn app, Resonate Social an AI-powered social media app, BotSwap a DeFi automation app, and Mettalex a decentralized commodities derivatives exchange. Beyond this, we are also collaborating with many large enterprises on multi-stakeholder and multi-year projects that will leverage many of our technology components. We also have many new exciting applications that are going to launch in the next few months. What are your top priorities for the quarter, for the year? Our priority this year is to underline all our tooling to the community of builders. We want to make it easy for them to create their DApps, so they can focus on solving their real-world use cases. We also want to focus on building end-user products that will lower the barrier for non-crypto natives to use our technology. In the coming months, we will also start enabling our technologies within our Fetch-ai Network Wallet. We see the wallet in the same vein for Web 3.0 as the browser is for Web 2.0 and as an important tool to attract new entrants in the space. It was great to talk with you and hear your insights! Thank you so much! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agocryptodaily
Solana (SOL) And Polygon (MATIC); Manage Your Crypto Assets Better With Proprivex Token (PPX)
As a newbie in the world of cryptocurrencies, you may face an array of difficulties, such as managing your crypto assets. There are many complexities in managing, trading, lending, borrowing, and swapping assets that may take you a while to get the hang of. Proprivex Token (PPX) is offering its platform as the go-to choice for managing diverse portfolios from a single platform to ease the burden. This crypto portfolio management problem does not apply only to newbies in the industry. Even experienced users have to carry on with other activities or businesses in their daily lives. Unfortunately, this leaves little to no window for you to watch the market 24/7 for volatility, security, and other risks of the cryptocurrency market. Hence, Proprivex Token is built as a trading and portfolio management platform specific to digital assets and cryptocurrencies that vies to help users manage their diverse portfolios from a single platform. It automates the whole trading process and manages your assets, so its users do not have to worry about the many exchanges and wallets connected to the platform. Proprivex is intent on making sure blockchain crypto technology functions smoothly and is easily accessible to everyone. Proprivex Token seeks to encourage trust and bring about better adoption of cryptocurrencies for enthusiasts globally. But unfortunately, some enthusiasts have been deterred from crypto adoption by the failures of self-proclaimed crypto asset experts who say they manage investors' portfolios. This, and how mainstream media still perceives blockchain technology and crypto assets, make it easy for people to discredit the advantages of the industry. However, Proprivex Token is repositioning this perception by building an intuitive ecosystem. The ecosystem is tokenized by PPX, and will enable efficient and secure trading, staking, and management of diverse crypto assets with full-scale security. In addition, investors and users of the platform with large investments can buy into the services of experienced and expert asset managers overseeing their investments. How Does Proprivex Token (PPX) Compare To Solana (SOL) And Polygon (MATIC)? Solana is a blockchain network popular for its high efficiency, speedy transactions and other crypto-related activities on the platform. It was built to increase throughput beyond what other blockchains achieve while keeping costs low. As a result, Solana, tokenized by SOL, is one of the largest crypto platforms in the world. Polygon, tokenized by MATIC, is another popular blockchain network built to give developers blockchain tolls to enhance the speed and reduce the cost and complexities of transactions. Its MATIC tokens are used for its governance and fee payment, and the platform uses a modified proof-of-stake consensus mechanism to run. These platforms have one thing in common, which is decentralization, and in other words, this means you get to be in control of every activity you perform on the platforms. As a newbie or experienced crypto user, this can be quite challenging without proper guidance. Advanced platforms like these tend to deter new users when they need to figure out the space, which sometimes includes loss of assets. However, Proprivex gives you a platform where you can explore all these features without worrying about loss or failure. In addition, PPX holders benefit from the incorporated industry-leading digital asset management tools and hack-proof smart contracts on the platform. With Proprivex Token, users get a transparent exchange platform that yields low cost, manages various portfolios, and gamifies its ecosystem to enable users to earn PPX. What Is Proprivex Token (PPX) Built On? Proprivex is built on the Avalanche network for its lightweight, efficient, and super-fast network. In addition, the network enables Proprivex to remain carbon neutral regardless of transaction volume while charging low and competitive transaction fees. Conclusion Proprivex Token (PPX) lets its users make the best of their crypto portfolios while being less demanding and attracting minimal transaction fees. Purchase PPX today and be part of this scalable ecosystem. Proprivex Token (PPX) Presale: http://prop.proprivex.io/ Website: http://proprivex.io/ Telegram: https://t.me/ProprivexTokenOfficial Twitter: https://twitter.com/ProprivexToken Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocointelegraph
Pinterest for Web3: Project launches curation ecosystem on Avalanche
CurateDAO launched an Avalanche-based “curate-to-earn” platform where participants can earn by contributing to databases.
2 days agocointelegraph
Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
2 days agocryptodaily
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state. In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live. Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others. The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services. The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers. All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page https://houston.blastapi.io/houston-testnet. About Bware Labs The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption. Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space. Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects. Website: https://bwarelabs.com/ About Blast, the blockchain API platform powered by Bware Labs As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps. Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains. Website: https://blastapi.io/ Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
2 days agocryptodaily
Democratising NFT Whitelisting Puts Web3 Closer To Advancing The Creator Economy
The current state of decentralised markets and the global Web3 community is more complex than ever before, and it has not been getting any easier to grasp. The reason for this complexity is the different levels of innovation and market capture of NFT & crypto projects in the space. For one, there are legacy ecosystems showing little visible innovation, such as the BTC ecosystem; on the other hand there are networks like Avalanche which have nothing but performance and efficiency in mind when orchestrating their operations. Exponential innovation that many strive towards happens in the labs of such projects. A contrast in Web3 projects of this kind, just like in most other industries, can create quite a disorder in the communities surrounding this space. Problems With The Current NFT Whitelisting Practices As most of us are aware, communities, especially in Web3, are the gears powering advancement and progress, because the existence of lightning-fast feedback loops can help a given project excel and fix problems quickly. However, there is not much one can do to decrease the aforementioned innovation and engagement contrast seen in today's decentralised environment - what is possible, however, is being able to adapt to it and turn smaller niches within Web3 toward stability, which communities need today. Whitelisting of NFTs has come a long way since the first baby-steps of these unique on-chain items in 2017, when projects like CryptoKitties came to market, but the characteristics of the average NFT whitelist haven't been improved a whole lot. In a conversation with a dedicated NFT enthusiast, you may find out how difficult and often unfair NFT launches can be - you might start hearing complaints about front-running bots, whales, and similar malicious parties ruling the releases of NFTs, or how projects themselves pay little attention to how well-distributed the allocations really are. Reportedly, seas of NFT newcomers have experienced similar issues. NFT markets have been flooded with lottery-based lunches that don't provide the right incentives, projects that can't manage to communicate honestly and efficiently with their audience or those that use the outdated first-come-first-served model, and, of course, those who rug-pull. Preventing Further Downsides Such projects and methods of whitelisting are doing nothing but dragging the reputation of NFT initiatives that do meaningful work and have some level of underlying value behind them. So far, there has not been a clear pathway to stopping this. NFT & crypto communities are demanding more from projects by the day, but the flawed inner mechanics of NFT collection whitelists prevent advancements that could change the space for the better. Simply speaking, the obvious solution might be to try and solve the foundation on which the standard way of launching NFTs is built, and enable fairer and more accessible drops from there. A new foundation could potentially be built with new motivations and incentives offered to different kinds of participants. For example, the first-come-first-served and lottery-based models could be replaced with certain competitions or prediction events that would create a challenge and reward participants putting in the most effort with allocations. Instead of continuing the operation of mechanics that can damage inexperienced or easily-persuaded individuals, a given NFT project may search for alternatives for launching NFTs in a fair manner - in ways that do not clash with the key values of decentralisation. Only recently new and unique projects started paying attention to the NFT whitelisting fairness issue, and some progress has already been made. SparkWorld* & Fair NFT Distribution One of the most influential projects in this largely untapped niche is SparkWorld*, a UK-based upcoming inventive NFT launchpad with its core built on prediction events on the AVAX blockchain. The goal of SparkWorld* is one that resonates deeply with this article's topic - igniting fairness, proper rewards, and fun within the NFT market. One of the key highlights of SparkWorld* is its invention of an entirely new set of on-chain mechanisms - Fair Prediction Launches - created for reducing the overall dependence on the aforementioned first-come-first-served model, providing access to all enthusiasts, helping prevent market manipulation, and creating never-before seen levels of transparency through its due diligence processes. Some of the most troubling aspects of NFT launches today are poor distribution methods - members have no choice but to trust some third-party to handle transactions, especially in lottery-based launches, which tends to create imbalance in distribution and favour some parties better than others. Benefits of Unique Gamified Markets SparkWorld*'s on-chain prediction events will store the data of NFT launches on the public ledger, providing full transparency to every member or passer-by. Moreover, many enthusiasts and innovators in the field have noticed a curious pattern in the decentralised markets - projects that add some gamification elements to their ecosystem tend to perform better in terms of fair distribution and longer-lasting members' engagement. Therefore, like many others, the SparkWorld* team has started putting effort into gamifying its already robust prediction events-based ecosystem to increase the chances of higher engagement on its NFT launchpad. The way the SparkWorld* operation flow is structured forces the team to think about achieving an equilibrium in the number of different types of users - both members and NFT projects. For regular members, SparkWorld* will have to provide meaningful motivations through the NFT prediction launches, and for the NFT projects themselves. Whitelisting With A Peace Of Mind NFT projects that get onboarded in the SparkWorld* ecosystem will go through a due diligence process that involves a bit of team-doxing for transparency, as well as a careful infrastructure review of each project. Verification and due diligence processes can invite more centralization to a project, but in this case, it is done to ensure fairness and member equality within the ecosystem. In a modern economy, even a decentralised one, being anonymous when making a transaction or providing a service, is not very beneficial considering every internal and external party involved. After an NFT project is approved and onboarded by SparkWorld*, prediction campaigns can begin: all a member will have to do to get involved is set the prediction stake, set a few parameters, and make the prediction - depending on the prediction's accuracy, rewards get distributed. Members on such a platform will be able to enjoy a level playing field created with Fair Prediction Launches, an engaging community where rewarding events are hosted regularly, and an ecosystem that has significantly less malicious front-running bots involved - courtesy of Fair Prediction Launches as well. Conclusion With unfairness and the greed of whales decreasing across different NFT projects, there is hope for the creator economy to accelerate even further. It is quite a challenge to programmatically force members, NFT projects, and creators to be fair to each other, but when the process is gamified and made even more rewarding, there is simply no place for malicious actors. Projects have already started implementing SparkWorld* technology in their ecosystems to ensure participant equality in NFT launches, and despite the SparkWorld* Mainnet not being released just yet, interest is building by the day. Find out more about NFT launch fairness by visiting SparkWorld.io, follow the project's Twitter feed, and prepare for the upcoming release of their Mainnet! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
5 days agocointelegraph
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
5 days agocointelegraph
Binance Card users now have access to XRP, SHIB and AVAX
Binance Card owners now have access to 14 supported cryptocurrencies, including XRP, AVAX and SHIB, among others.
7 days agocointelegraph
Price analysis 8/3: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment.
8 days agocoindesk
Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities
The toolkits will initially be offered on Ethereum, Polygon, BNB Chain, Avalanche and Fantom networks.
9 days agocointelegraph
Price analysis 8/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have been rejected by resistance, hinting at a few more days of consolidation.
9 days agocoindesk
BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position
Binance Smart Chain, Tron, Avalanche and Solana have taken market share from Ethereum due to their PoS consensus mechanisms and greater scalability.
10 days agocryptodaily
Crypto Weekly Roundup: Ethereum’s Goerli Merge, Miami’s NFT Project, Coinbase, Kraken Under Investigation, And More
U.S. regulatory bodies like the SEC and the Treasury Department are getting stricter towards crypto exchanges. While the crypto exchange Kraken is being investigated for alleged sanction violation, Coinbase is under the microscope for conducting digital asset trading, which the SEC might deem as securities. Let’s find out more. Bitcoin Despite still being a fair way underwater on its Bitcoin bet, El Salvador is looking to the future for its citizens, understanding that new technology takes time to be adopted. Ethereum ETH developers have been hard at work preparing for the final testnet merge, scheduled for early August. They recently announced the final details for the final testing phase of the Merge before the long-awaited official merge. Ethereum founder Vitalik Buterin addressed the upcoming Merge and talked about all the other network upgrades that would follow at a conference on Wednesday. DeFi A new governance protocol has nominated Jonathan Howard as the new CEO or ‘Head Chef’ at SushiSwap. However, the proposed pay package has sparked an outcry in the community. Uniswap’s community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. Wonderland (TIME) founder Daniele Sestagalli has announced his return to DeFi with a disconcerting tweet. Altcoins Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). Technology A recent study forecasts exponential growth in metaverse real estate and estimates that the value invested in the sector will grow to more than $5 billion by 2026. Business The CEO of the KuCoin crypto exchange, Johnny Lyu, has announced his plans to launch a fund that will be targeted to tackle FUD (fear, uncertainty, and doubt) in the crypto market. Mexican food chain company Chipotle has launched a limited-time stock market manipulation game called “Buy The Dip,” which will give away $200,000 worth of cryptocurrencies. Regulation Senator Pat Toomey wrote a letter to SEC chairman Gary Gensler earlier this week, blaming the latter for his lack of regulatory clarity towards crypto companies, which resulted in billions of losses for American consumers. Shapeshift CEO Erik Voorhees advised FTX CEO Sam Bankman-Fried to not allow the sector to become entangled in the perverse and deeply corrupted legacy system. Formula 1 teams have been forced to comply with the laws of advertising in France, which prohibits displaying ads of crypto firms not registered with the AMF. The U.S. Treasury Department is investigating Kraken for suspected sanctions violations, which included allowing Iranians and others to transact digital assets on its platform. According to a Bloomberg report, the SEC is reportedly investigating Coinbase over whether it improperly allowed Americans to trade digital assets that should have been registered as securities. Lawmakers from both the Democratic and Republican parties introduced a crypto tax bill to the Senate that would exempt transactions under $50. NFT The city of Miami is embarking on a massive Web3 project, where it will partner with TIME, Mastercard, and Salesforce to launch over 5000 NFTs. Gary Vaynerchuk’s VeeFriends closed its seed funding round with a $50 million investment from investment firm Andreessen Horowitz (a16z). Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
12 days agocointelegraph
Price analysis 7/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over?
12 days agocryptodaily
Ifancythat - shop your favorite retail, travel, and leisure brands with crypto
The world of cryptocurrencies is getting more and more popular and is slowly entering our everyday lives as “the working alternative to traditional finance”. This brings up the modern society's demand for a greater purchasing flexibility and ability to purchase your favorite services and products with crypto. Ifancy ecosystem strives to respond to this demand by bringing some of the best brands into a single ecosystem. The ifancythat family brings its users exposure to hundreds of brands and products from all over the world. For instance, users can quickly hire a car, book a hotel, purchase flight tickets, buy watches, or phones, and even find a date and bet on sports and casino games. Тhe ifancythat brand will give its users the unique ability to place bets on a wide range of sports and hundreds of casino games. In order to provide the best user experience, Ifancythat also will add fiat currency support and will enable usage of their native fancythattoken (FNCY). To further add to the excitement, ifancy will release its own exchange to enable you to trade all of your favorite crypto assets. Traveling around the world with ifancythat Booking cheap flights has always been a difficult game to start with, but the ifancyaflight service prioritizes the best deals for users, so they can fly to their dream destinations without breaking the bank. By collaborating with the world’s biggest brands to give users easy access to all flight times and destinations, ifancyaflight would also include last-minute bookings and further bonuses when using the native FancyThat token. Traveling around the world may sometimes lead to the need to hire a transportation vehicle. With the ifancyahirecar service, users can choose from cars, motor coaches and even motorhome hires, working with some of the best major car hire brands on the market. Furthermore, as with every service in the ifancythat brand, users will be able to hire a car directly with their FNCY tokens. Booking a hotel is the last part of a dream trip, whether for business or pleasure. Ifancyahotel will find the best accommodation for users to enjoy their travel. Buy tech gadgets within the ecosystem The ifancyawatch service guarantees to show users a wide range of watches by the biggest companies at the best price possible. Buying a phone, for example, is also streamlined with the ifancythat platform, since users can also sell their used mobile phones, making the platform one of the biggest crypto-enabled smartphone marketplaces to date. The platform also gives users the ability to compare the best prices available for a used phone with the best reviews on the market, making the ifancyaphone service one of the easiest and most reliable to date. The fancythatwallet – the heart of the ifancythat ecosystem In order for the ecosystem to operate seamlessly, the ifancythat team is also developing its own non-custodial wallet. The wallet can be seen as a portal, giving you access to a very long list of over 13,000 digital assets, running on different blockchain networks. Some of them are tokens with the ERC-20, BEP-20, Polygon, Avax and many more supported token standards. The wallet also provides enhanced safety features through the deployment of the VPN Layer 2 encryption, providing safety through anonymity disguise for network data. Anyone looking to steal your details will be getting the VPN server data instead of your personal information. Furthermore, VPN usage allows encrypted connection to be established between users, devices or storage locations, with information encoded from one end to another with a continuous key. The wallet would also serve as a place where users can collect various rewards for using the ifancythat ecosystem. For instance, users can join crypto airdrops, using the native token for product purchases and more. Being an ecosystem, the ifancythat brand also plans to deploy a native messaging system, where users can chat privately, transfer crypto on the chat screen and create group messaging. The wallet app would also introduce access to decentralized exchanging, IDO Launchpad, which enables users to invest in crypto projects. In conclusion Whether for trip planning, tech shopping, or even investing in the marvelous new world of cryptos, the ifancythat brand gets users covered up by offering access to the best hotels, car rental companies, and allows a quick, easy, and secure crypto experience – all under the ifancythat platform. The wallet adds to the flexibility and grants users the best way to deal with all of the things they fancy. To join the ifancythat ecosystem register on the fancythattoken website and join their upcoming public sale, starting on 1 Aug 2022. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days agocryptodaily
July Most Popular Cryptocurrencies: Gnox (GNOX), Fantom (FTM), Solana (SOL) And Avalanche (AVAX)
Bitcoin has broken out above the 200-day moving average on the weekly chart ($22,700) and currently trades in a band between $23,000- $24,000. If Bitcoin can remain above this crucial level of resistance and survive the short-term selling pressure, the final weeks of July could be a magnificent time to be an altcoin investor. This article features four great crypto projects to hodl in July. Gnox (GNOX)First is Gnox. A new reflection token that makes DeFi (decentralised finance) earning easy. Gnox has entered its presale's third and final stage and is slated to launch on the BSC (Binance Smart Chain) in Q3 later this year. Gnox is an exciting prospect due to the protocols prioritisation of providing passive income for investors, and the mechanisms underlying it, suggest a bias toward long-term investors. Gnox makes DeFi yields accessible to all investors, and the protocol utilises a treasury fund to generate revenue in DeFi protocols, which is split amongst GNOX holders. With a solid foundation and vast potential for growth and earning, GNOX is a must-have token for July. Fantom (FTM)Fantom is the unofficial king of DeFi. FTM, the native token of the Opera Network, trades at $0.31, up more than 25% in the last week alone. Notorious for its volatility and violent price action, investors have not been deterred and continue to buy up FTM.A critical player in the realm of DeFi, powered by its DAG (directed acyclic graph), the Opera network is one of the best chains out there. And will undoubtedly continue to be a key player in DeFi’s development, making it another excellent choice for investors. Solana (SOL)The Solana network launched in 2020, and this blockchain built to be the fastest certainly delivers. The developers at Solana have created one of, if not, the fastest blockchain in the sphere. With a theoretical TPS (transactions per second) of more than 50,000, the Solana network represents the infrastructure for the future of DeFi. SOL trades at $40 and has rallied more than 17% in the last week. This layer one project has only just started its development. Many investors are buying up SOL waiting to see another rally like 2021 which pushed the crypto from barely known to a contender within the top ten ranked by market cap. Avalanche (AVAX)The Avalanche network is another layer one protocol and a key player within DeFi. Ranked fourth by TVL (Total Value Locked), this blockchain has a rich and organic ecosystem that attracts investors looking to generate yield with their crypto assets. AVAX trades at $23.50 and is up 25% in the last week. At its peak, AVAX traded at $146, and if this market phase proves to be the beginning of another bull market phase, this will be AVAX’s target price.Find Out More Here:Join Presale: https://presale.gnox.io/registerWebsite: https://Gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJB Twitter: https://twitter.com/gnoxio Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
14 days agocointelegraph
Price analysis 7/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and altcoins surged ahead of today’s FOMC meeting, but will the expected 75 basis point rate hike cap the current rally?
14 days agocryptodaily
Wonderland Founder’s Controversial Return To DeFi
Wonderland (TIME) founder Daniele Sestagalli has announced his return to DeFi with a disconcerting tweet. The Return Of Wonderland Sestagalli has been away from the DeFi market for a few months. In January 2022, the industry witnessed the downfall of the Wonderland DeFi platform due to the scandal associated with the protocol’s treasury head, Michael Patryn. Sestagalli had openly quit working in the DeFi market following this incident. He had even declared that the “Wonderland experiment is coming to an end.” However, on July 26, Sestagalli announced his return along with that of the defunct DeFi protocol. He tweeted, “Wonderland is back with more tech and less talking. I am back too. And I don't care if you like it or not, TIME is now for MAGIC to happen.” Video Teases TIME, MAGIC Comeback Sestagalli’s tweet also included a short video that teased his followers about the comeback of the Wonderland protocol. The video contained a cryptic voiceover that narrates, “Wonder, the land of wonder. You’ve forgotten yourself, bro, and so you’ve forgotten TIME. You have grown immensely. Remember who you are. You are now a ‘frog,’ and perhaps, the true explorer seeking to rebuild the one true realm. A grain of sand isn’t strong; an avalanche of sand is much stronger. But what is moving sand without the one who spends time with it? Such a waste. Consider this - in the line of time, when the forest awakens, the nation of frogs will prevail. You have decided and this isn’t over.” The post did not reveal any further details about the nature of the comeback. However, the mentions of TIME and MAGIC indicate that the Wonderland native token and the Abracadabra-based stablecoin Magic Internet Money (MIM) could feature in the comeback. The Michael Patryn Saga That Took Down Wonderland The Wonderland DeFi protocol was built on the Avalanche blockchain network and was launched as a fork of Olympus DAO in late 2021. Soon after its launch, the protocol hit its peak of $1 billion in assets under its reserves. However, trouble started when the news broke that the protocol’s treasury head, who used to identify by the pseudonym Sifu or 0xSifu, was actually Michael Patryn, the co-founder of collapsed crypto exchange QuadrigaCX. Unfortunately, Patryn was also a convicted felon. Apparently, Sestagalli had found out about Sifu’s true identity and criminal past but opted to remain quiet, all the while allowing him to continue his role as Wonderland’s head of treasury. When the community caught wind of this information, all hell broke loose on the protocol. Patryn was formally ousted from his Wonderland role by a community vote, and the TIME token crashed. Following another deeply divided community vote, Sestagalli decided to shut down operations of the Wonderland DeFi protocol in January 2022. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocointelegraph
Avalanche-based Pangolin Dex set to make debut on Flare blockchain
Pangolin can offer DEX-as-a-service features to any Flare-based application that wants to incorporate direct token swaps into its user experience.
14 days agocryptodaily
Avalanche Ecosystem To See Influx Of Big Name Brands, Reveals CEO John Wu
Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). The Avalanche CEO revealed that several “Big Name Brands” are set to enter the Avalanche ecosystem over the next year. Big Things In The Offing The President of Ava Labs, John Wu, was obviously excited as he spoke about the prospects of the Ethereum challenger. In the interview, he revealed that several partnerships were in the works and could come to fruition over the next 12 months. He revealed that several mainstream companies from the world of gaming and finance were in talks with Avalanche and would be onboarding with Avalanche and its ecosystem soon. He stated in the interview with Anthony Pompliano, It’s still that same theme of real-world assets coming into this ecosystem and growing the ecosystem for everyone, both on the side of financial services as well as on the gaming side. We have a lot of visibility to gaming as well because the subnets have been really adopted by a lot of gamers to basically create their own execution environment in a very quick manner. Those are two areas that we’re super excited [about]. I wish I could give you specific names, but to the audience, just stay tuned, and they’ll hear about it very shortly.” Traditional Finance Is Bogged Down Wu also spoke about traditional finance and the inefficiency that is hindering it. He stated that traditional finance is bogged down due to a lack of inefficiency and glaring inconsistencies in the interconnectedness of databases, leading to data siloing. “The financial institutions are very aware that the power of the blockchain, or the crypto system, is that when you need information and money to move at the same time, blockchain is a very powerful tool for that. When you settle a stock, there are so many intermediaries. Credit cards, there are so many intermediaries. And they’re all working off of their own respective databases, and lots of reconciliation has to happen.” Blockchain Will Be Hugely Beneficial He stated that he believes traditional financial companies need to implement blockchain technology, which would be hugely beneficial as it would simplify the transaction process by eliminating any links in the transaction-settling chain. “A lot of the financial services players are actually experimenting with blockchain. The amount of experimentation of blockchain development – not just experimentation, innovation labs – but the amount of development They are looking at the technology as a way to create efficiency and create more productivity and squeeze costs out.” Avalanche's Contagion Troubles Avalanche had earlier revealed that the Luna Foundation Guard, the company behind the failed reserve fund for the UST stablecoin, had not outlined any plans for the over 2 million AVAX tokens it holds. Avalanche had shared the update with its community amidst an increasing number of inquiries from the Avalanche community about the AVAX tokens in custody with the Luna Foundation Guard. With the value of the AVAX tokens around $30 at the time, the value of AVAX that was held with LFG was around $60 million, making it the second-largest holding in the foundation’s reserve. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
15 days agocryptodaily
reNFT Announces New Funding Round to Accelerate Growth of GameFi in Web3
With its announcement today of a new strategic investment round, reNFT has positioning itself as the market leader in digital asset rentals in the global Web3 economy. This $5 million round co-led by Mechanism and gumi Cryptos Capital (gCC) will have an emphasis on investors who bring strategic value to reNFT as well as gaming guilds who represent millions of gamers globally. The funds will help reNFT to accelerate the pace of hiring, capture integrations across multiple blockchains, and extend their product suite. As co-founder, Nick Vale, states, “Since our founding last year we have been thrilled with how our vision is resonating with the marketplace. There is a huge need for automated, trustless, collateral-free renting of digital assets such as NFTs to unlock new levels of economic activity in the Web3 landscape”. The gaming use cases that reNFT is focused on are a priority because the gaming sector is leading the way in global adoption of NFTs which are not only collectible but include financial utilities. In recent months, the term “NFT” surpassed “cryptocurrency” in total global Google search volume as millions of people witnessed celebrities and athletes making high dollar purchases and sharing them publicly. With more mainstream platforms set to launch NFT marketplaces in 2022, there will be millions more users participating in the Web3 market over the coming quarters. Globally, the gaming market is one of largest markets in the world with 2 billion+ players and billions of revenue annually. New blockchain native gaming projects are launching daily and they all have a similar problem they have to solve: how do they enable the holders of their NFTs to generate revenue from their assets in a convenient and secure manner? reNFT is solving this problem with one of its product lines which provides Web3 gaming projects with a turnkey whitelabel solution to integrate renting, lending and gamefi automation into their own proprietary marketplaces or ecosystems. “Without a powerful rental primitive, NFTs are going to miss the mark when it comes to capital efficiency and ease-of-use”, stated Brian Fakhoury, Managing Partner of Mechanism Capital. “Rather than depending on custom built logic, any project incorporating NFTs as a capital asset and gateway to their application should tap into proven infrastructure like reNFT. We believe that this has powerful downstream effects like better liquidity, stronger game economies, and a lower barrier of entry for new crypto participants. Nick and team have been at the forefront of mechanism design in this regard, and we’re incredibly excited to back them as V2 rolls out to a growing set of users.” The impressive growth of web3 games such as Axie Infinity have been driven by, among other factors, the renting of in-game assets; however it’s being done almost entirely in a manual fashion via people serving in roles such as “scholarship managers”. By bringing reliable automation to what these scholarship managers do today, reNFT enables far more participation at a lower cost; reducing renting costs anywhere from 15-30% which means more of that revenue can go to the holders of the assets and the renters of them. This trend of combining proven financial blockchain technology with gaming use cases has coined the term “gamefi” in the Web3 movement and reNFT is moving with its partners to become the leader across all major blockchains and gamefi ecosystems. Their collateral-free renting and lending tools are already completed on the Ethereum and Avalanche blockchains with Polygon and Solana releasing soon. “We have already seen how fast the Web3 gaming market grows after bringing in renting and borrowing NFT asset mechanisms via guilds. However, guilds only opened a portion of the in-game NFT asset market as only the assets owned by guilds are available. Through reNFT, every single in-game NFT asset owner will be able to participate in this gamefi market, easily and directly, without collateral requirement or exposure to the risk of losing their assets. reNFT will unlock the full potential of the gamefi market aggressively.“ Rui Zhang, Managing Partner of gCC, said. Following its $1.5 million round of investment last year, reNFT launched a v2 of its platform which will provide the foundation for all upcoming rental integrations. They provided a sneak peak to the new platform in a Twitter Post and dove deep in the Launch Article. “Our team will continue to grow and expand as it has been doing”, shared co-founder Nazariy Vavryk. “This round will help us hire even more aggressively and add more people to an already very strong team. It will help us strategically deploy our human resource across a number of anticipated upcoming gaming and financial NFT related use-cases. We are very excited about what is in store for NFTs and we are here to build products for years to come” While gaming is the top priority of reNFT right now, it’s vision for the future is much broader. It sees a world where any digital asset in Web3 with a rental use case will need a solution for trustless collateral-free lending. This includes any asset in the digital or physical realm so long as it is represented on the blockchain and this will include a wide range of assets such as intellectual property rights and physical real estate. In addition to co-lead investors, Mechanism and gCC, this $5 million round also saw key participation from strategic investors such as Gemini, The Sandbox, OpenSea, Sfermion, Morningstar Ventures, EveryRealm, OP Crypto, Fourth Revolution Capital, Metastreet and others. The Web3 space has seen a dramatic increase in investments over the last year as it has continued its march into mainstream financial and consumer trends. Given all the interest that is has received, reNFT’s momentum is set to continue building throughout this year and into a bright future. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocryptopotato
Ethereum Retests $1,600, ApeCoin Skyrockets 17% Daily (Market Watch)
The crypto markets are back in green, led by substantial gains from Ethereum, Polkadot, Avalanche, and ApeCoin.
23 days agocryptopotato
Ethereum Tests $1.5K as Bitcoin Charts Fresh Monthly High (Market Watch)
While some altcoins such as MATIC, ETC, AVAX, and OKB are up by double-digits, ETH and BTC have charted new monthly highs.

About Avalanche

The live price of Avalanche (AVAX) today is 24.2447 USD, and with the current circulating supply of Avalanche at 283,972,638.52 AVAX, its market capitalization stands at 6,884,824,598 USD. In the last 24 hours AVAX price has moved 2.7741 USD or 0.13% while 307,613,500 USD worth of AVAX has been traded on various exchanges. The current valuation of AVAX puts it at #15 in cryptocurrency rankings based on market capitalization.

Learn more about the Avalanche blockchain network and how it works or follow the price of its native cryptocurrency AVAX and the broader market with our unique COIN360 cryptocurrency heatmap.

Since its mainnet launch in 2020, Avalanche has emerged as a notable contender to Ethereum, the largest smart contract-focused blockchain. Avalanche network, with its native cryptocurrency AVAX, aims to directly tackle Ethereum’s biggest weaknesses — speed and scalability. Using AVAX, it takes less than two seconds to finalize transactions, compared to 6 minutes on ETH and 60 minutes on BTC. It also has a higher transaction throughput — handling around 6,500 transactions per second (TPS) compared to 15-20 TPS on Ethereum. 

Launched by the New York-based Ava Labs, the Avalanche network contains three individual blockchains — the Exchange Chain (X-Chain)  which enables the creation and trading of the native token AVAX and other cryptocurrencies, the Contract Chain (C-Chain) which hosts the decentralized applications ecosystem, and the Platform Chain (P-Chain) which coordinates between network validators. 

AVAX price 

According to our AVAX USD live price chart, AVAX coin saw its first major spike at the start of 2021, when it went from around $3 on Jan. 1 to over $60 by Feb. 10, 2021. That 1,900%+ rally also marked a new all-time high for AVAX, but was soon followed by an 84% drop.

However, the price of AVAX rose again when market sentiment flipped bullish in September, and Avalanche network's native coin went on to set a new all-time high of $147 in November 2021 — marking another 1,400% gain from mid-year lows, and achieving a market cap of more than $30 billion.

While market woes that followed saw AVAX price drop in line with the broader risk-off sentiment, Avalanche’s DeFi ecosystem remained healthy, with the total value locked (TVL) in Avalanche's DeFi protocols ranging around the $10 billion mark throughout Q1, 2022. That being said, AVAX is far from being an "Ethereum killer", as it is often termed.

Future movements and AVAX price predictions depend primarily on how successfully Avalanche manages to capture market share from Ethereum and other competitors, such as Solana (SOL), Polkadot (DOT) and Cardano (ADA) etc.

How AVAX works

Like Ethereum, AVAX coin is used to pay for transaction fees on the Avalanche network. However, in the case of Ethereum, the transaction fee is partly burned and partly used to reward miners, while on Avalanche, the entire transaction fee is burned. AVAX holders can also stake their tokens, either individually or in a pool, to become network validators.  

The total supply of AVAX is capped at 720 million and the X-Chain, where the tokens are traded, uses the Avalanche consensus mechanism. In this mechanism, all nodes process and validate transactions simultaneously and random polling of validators ensures that the transactions are correct.

Avalanche also supports what are known as subnets, which can host independent blockchains, all of which can have customized parameters, including their consensus mechanisms and access permissions.

AVAX news, updates and highlights

Avalanche has been very active in terms of partnerships and growth initiatives. In 2021, Avalanche struck deals with payments giant MasterCard, and audit, tax, and consulting firm Deloitte. In August 2021, AVAX launched a $180 million DeFi incentive program called ‘Avalanche Rush’ that attracted DeFi leading protocols Aave (AAVE) and Curve (CRV)

A month later, the blockchain raised $230 million from the private sale of its AVAX tokens to crypto funds, and within two months, Avalanche launched a $220 million growth fund targeting DeFi and non-fungible tokens (NFTs). 

At the Avalanche Summit in March 2022, Ava Labs' product head Nick Mussallem announced two major updates for the network — a native wallet called ‘Core’ and a bridge to the Bitcoin network. Both updates aim to boost Avalanche’s DeFi ecosystem. 

Frequently asked questions about AVAX

  • Can you mine or stake AVAX?

Since Avalanche follows its own consensus mechanism, which is similar to proof-of-stake, AVAX coins cannot be mined. However, AVAX coin holders can stake their tokens to become network validators and receive rewards in AVAX tokens. Users need to stake at least 2,000 AVAX tokens to become validators, or pool their tokens with others and share the rewards. 

  • What are some of the best AVAX wallets?

AVAX can be stored in the Avalanche web wallet, AVAX chain configured on MetaMask, and Trust Wallet, as well as hardware wallets like Ledger and Trezor, among others. 

  • What can you do with AVAX?

You can use AVAX tokens to pay for transactions on the Avalanche network, trade them against other cryptocurrencies like BTC or ETH, stake them for rewards or hold them for governance rights.

  • How to buy AVAX?

You can buy AVAX by exchanging your BTC, ETH, or USDT tokens with AVAX on exchanges like HitBTC or buy it using fiat currency on exchanges like Nexo. 

Avalanche Price24.2447 USD
Market Rank#15
Market Cap6,884,824,598 USD
24h Volume470,835,667 USD
Circulating Supply283,972,638.52 AVAX
Max Supply720,000,000 AVAX
Yesterday's Market Cap6,635,572,700 USD
Yesterday's Open / Close20.5928 USD / 23.3669 USD
Yesterday's High / Low23.3669 USD / 20.2749 USD
Yesterday's Change
0.13% ( 2.7741 USD )
Yesterday's Volume307,613,500 USD
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