Avalanche added to Terra UST reserve and its price surges: here’s where to buy AVAX

Avalanche added to Terra UST reserve and its price surges: here’s where to buy AVAX
фото показано с : invezz.com

2022-4-8 16:05

Avalanche (AVAX) is still rising one day after a price hike that resulted from an announcement by Terra Luna Foundation that it had added Avalanche to its UST reserve. Avalanche is now the second layer one blockchain solution whose digital asset contributed to Terra’s UST reserve; the first layer one digital asset is Bitcoin.

Terra Luna Foundation also announced a partnership with Avalanche to build a new gaming subnet.

To help investors and traders who are eyeing the AVAX coin, Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

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What is Avalanche (AVAX)?

Avalanche (AVAX) is the native cryptocurrency of the Avalanche blockchain network.

For those who are new to Avalanche blockchain, it is a layer one blockchain that offers a platform for developing decentralized applications (DApps) and custom blockchain networks.

Avalanche is one of the leading Ethereum rivals and it aims at unseating Ethereum as the go-to blockchain for smart contracts. It has a higher transaction throughput and scalability compared to Ethereum

Should I buy the AVAX coin today?

If you are looking for a cryptocurrency that you can buy and hold because of its upward trend, then the $AVAX is a good choice especially now that it had retraced.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

Avalanche price prediction

Analysts believe the rising popularity of Avalanche among DApp developers and the recent selection by the Terra LUNA Foundation to be a partner in creating a new gaming subnet increases AVAX’s market sentiments. As a result, the price of AVAX is expected to rally to above $90 by next week.

$AVAX social media coverage

Avalanche Token $AVAX – Potential Support ~$82. Price Above 200 MA on Daily Chart 🚀🚀 pic.twitter.com/FL8Ds1ol1T

— John Chao (@therealjohnchao) April 8, 2022

$AVAX / USDT – #avax #AVAXUSDT #Avalanche

For most of early 2022, AVAX kept rejecting from $86 resistance (red box)

However, lately AVAX broke past it

Now, AVAX is trying to turn this area into new support (green)

Retest is in progress

Hold here -> red levels above#Crypto pic.twitter.com/Rqg1KdIcHy

— Rekt Capital (@rektcapital) April 8, 2022

The post Avalanche added to Terra UST reserve and its price surges: here’s where to buy AVAX appeared first on Invezz.

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Avalanche (AVL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $10.19
Капитализация $0 Rank 99999
Цена в час новости $ 86.56 (-100%)

avalanche one reserve ust terra asset digital

Источник: invezz.com

avalanche one → Результатов: 40


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