Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump – Market Updates Bitcoin News

Avalanche moved to its highest point since August, as the token rose by as much as 17% in today’s session. Cryptocurrencies surged across the board, following the latest Federal Reserve rate hike, with the global market cap 4.29% higher as of writing this. Polygon also hit a multi-month high on Thursday, rising by over 14% in the process.Avalanche was one of Thursday’s notable movers, as the token rose to its highest point since August.

AVAX/USD hit a high of $22.71 earlier in the day, and came less than a day after it traded at a bottom of $18.80. The move came as avalanche broke out of a long-term price ceiling at $21.65, on its way to its strongest point since August 26.Looking at the chart, the move took place following a breakout of a resistance level at 72.00 on the relative strength index indicator.

As of writing this, the index is tracking at 72.62, with the next visible resistance point around the 74.00 mark. Should this zone be hit, there is a strong chance that AVAX could move above $23.00, recording a fresh five-month high in the process.In addition to AVAX, polygon also rose significantly higher in today’s session, hitting a multi-month high in the process.Thursday’s rally saw MATIC climb by as much as 15%, hitting its highest level since November 8.As of writing this, polygon has given up some of its earlier gains, and is currently trading at $1.23.Price strength is currently tracking at 69.

When we begin to see eigenlayer being used more often, Mantle being the only L2 to use it so far. We will see dominance return to ETH.

It seems like 2023 will continue to be a great year for Web3! We must continually work to make progress in the space and prepare it for mass adoption. The advancement of tools that will increase safety and efficiency while limiting bad players are a must.

Dex Posi Positionex Dptp Dex 2.0 positionex POSIChainOrg

🚀🚀

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains – Market Updates Bitcoin NewsLitecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. Cosmos also rallied on Wednesday. Do you dream of becoming financially independent but struggle every day just to pay your bills. My name is NaomiDean001 and there's no secret to wealth creation. No matter who you are or where you come from you too can become financially independent in just a matter of months It's great to continually see the rally happen all around Web3 initiatives. 2023 will be a great year to build foundations in the space and begin to implement the tools to usher in mass adoption. Let's continue to make the space safe and efficient for everyone joining! I think of BigCheds anytime I see a litecoin pump. 🤣
Source: BTCTN - 🏆 531. / 51 Read more »