Avalanche is on a strong upward trend, even when the overall market is changing. This indicates the possibility of its price reaching a three-digit number soon. Additionally, as the airdrop season approaches, the Avalanche network is getting ready for its largest airdrop season ever.
The cryptocurrency market is staying in a small range, with the main cryptocurrencies sticking to a set range. However, there’s an interesting development: one of the alternative cryptocurrencies (altcoins) has shown incredible strength by going up almost 100% in the last month. Avalanche is gearing up to provide a chance for people to benefit from its network growth, which is anticipated to be substantial.
Airdrop Buzz in Avalanche: Potential Projects to Watch
In recent months, the cryptocurrency space has witnessed a resurgence in Solana’s ecosystem, sparking anticipation for more airdrops from prominent protocols. This shift in narrative has not only fueled excitement but also contributed to driving SOL prices to new yearly highs. Now, the airdrop hype has extended to Avalanche, with several potential projects capturing attention.
1. Trader Joe’s (JOE) Expansion: Trader Joe’s, the largest decentralized exchange (DEX) on Avalanche, is expanding into the Mantle ecosystem. JOE holders can anticipate 2.5% of the total MOE supply at Token Generation Event (TGE) and an additional 5% distributed over the next 12 months.
2. Hubble Exchange’s AVAX Native Perps DEX: Hubble Exchange has introduced an AVAX native perpetual decentralized exchange (DEX). Despite not listing a token yet, it supports AVAX, ETH, and SOL markets and offers gas fee payments in USDC.
3. Struct Finance’s Yield-Generating Vaults: Leveraging GMX and Trader Joe’s liquidity, Struct Finance generates significant yield returns across various vaults. While offering optimized yields on assets like $BTC.b, $WETH, $USDC, and $EURC, Struct Finance does not currently have a native token.
4. Hyperspace AVAX Marketplace: Hyperspace AVAX, currently in season 2 of its AVAX airdrop, follows a similar approach to the BLUR incentive program.
5. Avvy’s Domain Minting and Trading Platform: Avvy provides a platform for users, projects, and games to mint and own domains, facilitating trading and selling.
As the crypto space continues to evolve, these potential airdrop projects on Avalanche are worth keeping a close eye on for those looking to capitalize on emerging opportunities.
Avalanche Price Surge and Momentum Analysis
In recent times, the Avalanche price has seen a significant surge in trading volume, indicating a heightened buying pressure. Notably, the token has successfully retested its macro-downtrend, establishing it as a new support level.
Since the retest, the token has experienced an impressive 27% increase, firmly holding the lower support at $38.56. Despite encountering resistance at FIB levels, particularly at 1, the bullish volume remains strong. Positive sentiments surrounding the ecosystem, driven by anticipated airdrops, contribute to sustaining this momentum.
As things stand, the AVAX price is poised to approach crucial levels, with $100 being a key target in the near future. The combination of supportive technicals, bullish volume, and positive market sentiments positions Avalanche for potential further upward movement.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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