Millions in crypto donations for Turkey after earthquake: Avalanche and Bybit among key players

Millions of crypto donations are pouring into Turkey following devastating earthquakes. Major donors include Avalanche, an open source decentralized blockchain, and Bybit, a crypto exchange.

Timeline of Avalanche

Key Points: In order to increase lending market transparency and on-chain verification, Chainlink's Proof of Reserve feature is now accessible on the Aave lending platform running on the Avalanche blockchain. The integration will enable transparency for tracking the financial health of liquidity pools on the Avalanche-based Aave platform that contains wrapped tokens like AAVE.e, DAI.

Avalanche price analysis shows a bearish trend taking over trade for the token, as price dipped for the second day running over the past 24 hours. AVAX touched a 3-month high of $22.71 on February 2, and seemed to have settled around that price point.

Altcoin Sherpa, a well-known crypto strategist, and analyst, recently made several price predictions for the cryptocurrency market in February 2023. In his recent tweets, he discussed his next levels for Bitcoin (BTC), Solana (SOL), Avalance (AVAX), and STEPN (GMT).

The Avalanche price analysis right now is negative. Bulls succeeded in extending the positive trend yesterday by trying to enhance the coin's value, but the price increase was modest.

3 February's weekly roundup of Avalanche [AVAX] pointed towards a general growth of the network. Notably, Ava Labs launched its new explorer for Avalanche P-Chain, which came with several useful features.

AVAX, the cryptocurrency that powers Avalanche's high-performance smart-contract-enabled layer-1 blockchain protocol, has been surging in 2023. The cryptocurrency is already up nearly 100% since the turn of the year, with AVAX last changing hands to the north of $21 per token, having ended 2022 under $11.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 2, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

AVAX, the native cryptocurrency of the Avalanche blockchain network is up by 14% at press time and is trading at $22.32 levels. With this recent price boost, the AVAX price is up by more than 100% on the monthly chart.

Institutional adoption is no doubt one of the most important catalysts in the crypto and blockchain segment. This was evident in 2021 by the robust adoption that poured in, albeit short-lived.

An analyst who called the end of Bitcoin's (BTC) bull market last year is predicting surges for blockchain scaling solution Polygon (MATIC) and smart contract protocol Avalanche (AVAX). Pseudonymous analyst Pentoshi tells his 671,300 Twitter followers that MATIC looks bullish and could be gearing up for a rally toward a major resistance area.