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AVAX Brushes Off Bearish Pressure With 11% Rally – Details

NewsBTC LogoNewsBTC13h ago

AVAX Brushes Off Bearish Pressure With 11% Rally – Details - NewsBTC

Quick Summary:

Just last Friday, Fableborne announced that their first play-to-airdrop event was a success, with more than 77,000 concurrent players joining the occasion.  @fableborne wrapped up its first Play to Airdrop campaign with an impressive player turnout.— Avalanche Gaming 🔺 (@GamingOnAvax) July 19, 2024 July 20th also marks the announcement of ChronosWorlds that they partnered with Avalanche, stating that the platform is their "preferred deployment chain.” This just shows that developers trust AVAX as a crypto and gaming platform.

This bullishness and the continuous effort toward onboarding more dev teams and improving the platform puts Avalanche in an advantageous position within the market to gain more ground against the bears.$28.74 Might Not Be Enough For The Bulls As of now, the bulls are in a slight advantage against the bears which might not last in the coming days.

Related Reading: Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says AVAX Gaming Grows With More Projects Although the gaming side of crypto is still relatively small, platforms like Avalanche provide developers with a stable and secure blockchain to deploy crypto-centered games.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-21 @ 10:30:41 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21707764

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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