Safe

Shift

Read

Avalanche

Gnosis

<ul> 
 <li>AVAX surged 10% in 24 hours, with daily trading volume reaching $886 million.</li> 
 <li>The rise followed the launch of Ash Wallet, a shared infrastructure for managing smart accounts on Avalanche.</li> 
</ul> 
AVAX surged by over 10% in the last 24 hours, marking the highest gain among the top 100 cryptocurrencies by market capitalization. The token is currently trading at around $32.3&nbsp; with the daily trading volume tripling to approximately $886 million and a market capitalization of $12. 7 billion. 
The Asset is still 77% <a href="https://www.crypto-news-flash.com/avalanche-defi-breakthrough-avant-protocol-launches-avusd-and-savusd/" target="_blank" rel="nofollow noopener">below its all-time high</a> of $146. 2, recorded in November 2021.&nbsp; 

<div class="cryptoboxes" id="mcw-435416" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="avalanche" data-symbol="AVAX" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>&nbsp; 
This price rise comes after<a href="https://twitter.com/ash_avax/status/1814331159121453458" target="_blank" rel="nofollow noopener"> an announcement</a> on July 19 that Ash Wallet, a new shared infrastructure that seeks to incorporate Safe (formerly Gnosis Safe) into the Avalanche L1s ecosystem, has been launched <a href="https://www.crypto-news-flash.com/avalanche-boosts-game-devs-with-gamechain-by-gamestarter/" target="_blank" rel="nofollow noopener">on the mainnet.</a> This innovative solution is operated by the Ash team and sponsored by the Avalanche Foundation for managing smart accounts and multisig wallets on Avalanche L1s.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are gearing up for Avalanche L1 season with the release of the Ash Wallet! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Ash Wallet is a shared infrastructure aimed at bringing all the features of <a href="https://twitter.com/safe?ref_src=twsrc%5Etfw">@safe</a> to the <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw">@avax</a> L1 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> ecosystem. 
 Read the full announcement here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4f0.png" alt="📰" class="wp-smiley" style="height: 1em; max-height: 1em;"> : <a href="https://t.co/zBu98HKPAy">https://t.co/zBu98HKPAy</a> <a href="https://t.co/ILUmKFL26S">pic.twitter.com/ILUmKFL26S</a> 
 — Ash <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ash_avax) <a href="https://twitter.com/ash_avax/status/1814331159121453458?ref_src=twsrc%5Etfw">July 19, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Ash Wallet gives the Avalanche L1 developers essential features like account abstraction and multisig wallets without them having to develop them on their own. The Safe{Core} is a secure, portable, and composable smart accounts’ infrastructure, while Safe{Wallet} is a web application that implements Self-Custodial Smart Wallets.&nbsp; 
<h3 id="strong-whale-investors-shift-trading-strategies-for-avax-strong">Whale Investors Shift Trading Strategies for AVAX</h3> 
Large investors known as ‘whales’ have played a major role in <a href="https://www.crypto-news-flash.com/new-avalanche-blockchain-integration-set-to-transform-digital-payments-can-it-propel-avax-price-to-30/" target="_blank" rel="nofollow noopener">AVAX’s price swings</a>. These investors started bearish trade on AVAX after it touched nearly $26, which shows that there is a shift in trading strategy. This price movement in AVAX is consistent with the overall cryptocurrency market, including a 7% rise in Bitcoin in the past week and a marginal overall market gain of 0. 5%, which has taken the total market capitalization to $2. 44 trillion.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Update on the Whale who brought bunch of Bitcoin to Avalanche few weeks back with a intention of solely short <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AVAX</a> at recent bottom near $26 (Borrowed 500K AVAX and send them all to Binance), his health stands now at 1.5. If AVAX goes $50+ and Bitcoin remain at current price,… <a href="https://t.co/kMHJsGwpwn">pic.twitter.com/kMHJsGwpwn</a> 
 — Jony.Sarker.AVAX <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> | <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30a.png" alt="🌊" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4d8.png" alt="📘" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9ea.png" alt="🧪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@jonycsarker) <a href="https://twitter.com/jonycsarker/status/1815170942085337098?ref_src=twsrc%5Etfw">July 21, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The Total Value Locked (TVL) in Avalanche has also been on the rise and has risen from $689. 5 million to $951. 7 million, a 38% jump. This growth indicates that investor confidence is improving, as well as the activity within the Avalanche ecosystem. 
<img loading="lazy" decoding="async" class=" wp-image-764089 aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T142610.086-300x128.png" alt="" width="607" height="259" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T142610.086-300x128.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T142610.086-150x64.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T142610.086-450x192.png 450w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T142610.086.png 512w" sizes="(max-width: 607px) 100vw, 607px"> 
Concurrently, Futures Open Interest in the Avalanche network rose significantly, climbing from $173.6 million to $254.1 million, an increase of 46%. This indicates heightened trader engagement and a positive outlook for Avalanche’s futures market. 
<img loading="lazy" decoding="async" class=" wp-image-764099 aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T143024.351-300x76.png" alt="" width="604" height="153" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T143024.351-300x76.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T143024.351-150x38.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T143024.351-450x113.png 450w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-22T143024.351.png 512w" sizes="(max-width: 604px) 100vw, 604px"> 
<h3 id="strong-crypto-expert-provides-bullish-technical-analysis-for-avax-strong">Crypto Expert Provides Bullish Technical Analysis for AVAX</h3> 
Crypto expert Jonathan Carter <a href="https://twitter.com/JohncyCrypto/status/1813593078256791665" target="_blank" rel="nofollow noopener">presented</a> an optimistic outlook on Avalanche (AVAX). He highlighted several technical indicators that showed the potential for an increase. AVAX is in the process of breaking the descending resistance line and is trading close to the 50-day moving average. Often, this alignment indicates a possible change in the market direction; therefore, AVAX is strengthening.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/AVAX?src=hash&amp;ref_src=twsrc%5Etfw">#AVAX</a> 
 Avalanche, is breaking descending resistance and trading near MA 50<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Breakout above dashed resistance at $29.30 could start new bullish trend<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Targets after breakout are $41.60 and 60.40<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/skB3IZVi1h">pic.twitter.com/skB3IZVi1h</a> 
 — Jonathan Carter (@JohncyCrypto) <a href="https://twitter.com/JohncyCrypto/status/1813593078256791665?ref_src=twsrc%5Etfw">July 17, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Carter noted that if the price were to move past the first major resistance level of $29. 30, then a powerful bullish trend might be expected. If AVAX is to break this crucial level, price predictions may be as high as $41. 60 and $60. 40.&nbsp; 
Changelly’s recent outlook is in line with Carter’s view. The platform<a href="https://changelly.com/blog/avalanche-price-prediction/" target="_blank" rel="nofollow noopener"> predicts</a> a 13. 86% increase, anticipating that AVAX will increase to $32. 28 by July 19, 2024. This prediction is in line with the present positive sentiment concerning Avalanche. Changelly metrics reveal a 61% neutral yet bullish sentiment, meaning that there is a possibility of the price going up.

Avalanche (AVAX) Price Exploded by 10% to $32,68 With New Partnership

Table of Contents

Crypto News Flash

Other articles published on Jul 22, 2024

MOONHOP’s $1M Presale Leap: Dodging Brett & Outsmarting Bitcoin Bets

Rollblock Has Become The Fastest Growing Crypto Presale Of July; Analysts Foresee Further Drops F...

Spot Solana ETF approvals – Closer than you think?

SEC Gives Green Light for ETH ETFs to Begin Trading Next Tuesday: Sources

Top 5 Crypto to Invest in This July: Introducing Artemis as a New Presale Opportunity

Don't Miss Out: Experts Warn Today is the Final Opportunity to Snag Low-Priced Altcoins Before ET...

Join our free newsletter for daily crypto updates!