Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.<\/p>\n
\u00a0 \u00a0 \u00a0 \u00a0 August shows a whopping 46 million transactions made on the Avalanche network
\n \u00a0 \u00a0 \u00a0 \u00a0 Avalanche network busy with major developments and integrations
\n \u00a0 \u00a0 \u00a0 \u00a0 4-hour chart for AVAX shows bullish movement<\/p>\n
It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.<\/p>\n
August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with.<\/p>\n
Avalanche Price Looking Optimistic<\/p>\n
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. <\/p>\n
According to CoinMarketCap<\/a>, AVAX price is up by 0.33% or trading at $20.39 as of this writing.<\/p>\n 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. <\/p>\n More so, the DFK Chain was found out to contribute greatly to the increase in gas usage.<\/p>\n Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network\u2019s TVL Weekly Dashboard. <\/p>\n 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.<\/p>\n AVAX Price, Volume Up After Network Update<\/p>\n 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.<\/p>\n With AVAX price climbing on the charts, developments on the Avalanche network has also subsided which is not a good sign at all. <\/p>\n Apart from developments dwindling down, AVAX social volume has also nosedived which demonstrates the waning interest of the community in Avalanche.<\/p>\n\n Chart from TradingView.com<\/a><\/p>\n 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. <\/p>\n 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.<\/p>\n 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.<\/p>\n\n AVAX total market cap at $5.7 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n Featured image from ABC of Snowboarding, Chart from TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.<\/p>\n \u00a0 \u00a0 \u00a0 \u00a0 August shows a whopping 46 million transactions made on the Avalanche network It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.<\/p>\n August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with.<\/p>\n Avalanche Price Looking Optimistic<\/p>\n 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. <\/p>\n According to CoinMarketCap<\/a>, AVAX price is up by 0.33% or trading at $20.39 as of this writing.<\/p>\n 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. <\/p>\n More so, the DFK Chain was found out to contribute greatly to the increase in gas usage.<\/p>\n Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network\u2019s TVL Weekly Dashboard. <\/p>\n 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.<\/p>\n AVAX Price, Volume Up After Network Update<\/p>\n 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.<\/p>\n With AVAX price climbing on the charts, developments on the Avalanche network has also subsided which is not a good sign at all. <\/p>\n Apart from developments dwindling down, AVAX social volume has also nosedived which demonstrates the waning interest of the community in Avalanche.<\/p>\n Chart from TradingView.com<\/a><\/p>\n 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. <\/p>\n 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.<\/p>\n 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.<\/p>\n AVAX total market cap at $5.7 billion on the daily chart | Source: TradingView.com<\/a><\/p>\n
\n \u00a0 \u00a0 \u00a0 \u00a0 Avalanche network busy with major developments and integrations
\n \u00a0 \u00a0 \u00a0 \u00a0 4-hour chart for AVAX shows bullish movement<\/p>\n