2024

Kevin

when

Avalanche

<p>In this article, we will explore a significant issue with the <a href="https://cryptoticker.io/en/avalanche-avax-price-prediction-2024/" target="_blank" rel="noopener noreferrer nofollow">Avalanche network</a>, why it is down and its impact on the AVAX currency value. AVAX price is currenltly standing at $36 and it dips 1.8% in just short period of time.</p>
<h2 id="h-avalanche-experiences-major-outage">Avalanche Experiences Major Outage</h2>
<p>Avalanche, recently encountered a severe problem causing its system to <a href="https://cryptoticker.io/en/breaking-news-solana-blockchain-is-down/" target="_blank" rel="noopener noreferrer nofollow">stop functioning properly</a>. This glitch has halted the process of adding new information to the system, similar to when a website fails to load. As a direct consequence, the value of Avalanche’s currency, AVAX, has dropped. This decline in value is similar to finding out that an item you’ve invested in has lost its worth overnight.</p>
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago.</p>— Kevin Sekniqi <img src="https://s.w.org/images/core/emoji/13.0.1/72x72/1f53a.png" alt="🔺" class="wp-smiley"> (@kevinsekniqi) <a href="https://twitter.com/kevinsekniqi/status/1761003218836873728?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2024</a>
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<figure class="wp-block-image size-large"><img loading="lazy" width="1209" height="540" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/image-487.png" alt="" class="wp-image-124838">
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  Source: <a href="https://status.avax.network/" rel="noopener noreferrer nofollow">status.avax.network</a>
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<h2 id="h-the-ripple-effect-on-avax-price">The Ripple Effect on AVAX Price</h2>
<p>Following the news of this outage, the price of <a href="https://cryptoticker.io/en/avax-is-up-30-in-24-hours-will-avax-reach-20-soon/" target="_blank" rel="noopener noreferrer nofollow">AVAX</a> saw a significant decrease. This situation is akin to the depreciation of a product’s price due to a defect. Previous incidents of smaller scale were swiftly addressed, but the current major outage presents a more challenging situation to overcome. Efforts are underway to rectify the issue, which arose from attempts to introduce a new feature aimed at enhancing the network’s capabilities.</p>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/symbols/AVAXUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><img loading="lazy" width="1824" height="722" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/image-488.png" alt="" class="wp-image-124839"></a>
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  AVAX/USDT 1D – <a href="https://www.tradingview.com/symbols/AVAXUSD/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow">TRADINGVIEW</a> <br>
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<h2 id="h-conclusion">Conclusion</h2>
<p>Currently, the Avalanche community is in a state of anticipation, waiting for a resolution to restore normalcy to the network and stabilize the AVAX price. This incident highlights the vulnerabilities in the digital currency world, where technical problems can lead to immediate financial implications. The focus now is on resolving the outage swiftly to regain trust and value in the AVAX currency.</p>
<h2 id="h-where-to-buy-avax">Where to Buy AVAX?</h2>
<p><a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;stands out as a viable platform to purchase AVAX. Known for its security and user-friendly interface, Bitget makes starting your cryptocurrency investment journey straightforward. To buy AVAX on&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>, simply create an account, complete the necessary KYC procedures, deposit funds, and execute your purchase.</p>
<figure class="wp-block-image"><img loading="lazy" width="1141" height="344" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/logo_H_colour.png" alt="Bitget" class="wp-image-120792">
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Avalanche Network is Down! AVAX Price dips

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