Biggest Movers: AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High

AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news. Avalanche (AVAX) AVAX moved close to.

Timeline of Algorand, Avalanche

Algorand price analysis suggests a downwards movement to $0.3500 The closest support level lies at $0.3800 ALGO faces resistance at the $0.4024 mark The Algorand price analysis shows that ALGO has been unable to climb past the $0.4200 mark and the following rejection caused the price to crash below the $0.4000 mark.  The.

The Global cryptocurrency market capitalisation took another hit of around 2% over the last day to stand at $1.23 trillion. However, a crypto whale has grabbed this opportunity to add over $600 million of multiple tokens amid the drop.

Avalanche price analysis reveals that the AVAX/USD pair has seen a lot of volatility in the past 24 hours, with prices rocketing higher and then quickly retracing some of those gains. At the time of writing, AVAX is trading up over 1.72 percent at its current price of $24.48, which marks a slight increase from.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since back-pedaling from its April highs, Avalanche (AVAX) registered a substantial spike in the selling vigor.

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain Avalanche and Solana have made progress on their own approaches to scaling, but they face the need to make additional technical advances before they can achieve sufficient stability at scale

A well followed crypto analyst is developing long-term possibilities that will fuel a bullish rally for Ethereum (ETH) price and two of its main competitors. In a strategic planning talk, pseudonymous crypto analyst Cred claims that Ethereum is now moving below critical weekly support. Now the bulls must regain in order to ignite a 30% …

Avalanche price analysis suggests downwards movement across the short-term charts. The closest support level lies at $22.74 AVAX faces resistance at the $24.96 mark The Avalanche price analysis shows that AVAX has been unable to climb past the $25.00 mark as the bearish pressure increased in recent hours.

Algorithmic investment adviser firm Delphia secured $60 million in a Series A funding round led by crypto venture firm Multicoin Capital. The post Algo investment advisor Delphia secures $60 million in Series A round appeared first on The Block.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Algorand's (ALGO) correlation with the king coin over the last 6-7 months drew down the alt to its yearly lows in May.

The point of cryptocurrencies is to allow people to eliminate the use of middlemen in transactions in which they do not trust the other party. Other than the few currency-focused crypto tokens like bitcoin, virtually all cryptocurrency blockchains are “smart contract” platforms that allow users to set up self-executing agreements that make payments or other