BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Avalanche AVAX Hit a Two Year High of $57 and Here is Why

by Sham
March 12, 2024
in CRYPTO
Reading Time: 3 mins read
A A
2
SHARES
28
VIEWS
Share on XShare in TelegramShare on Reddit
  • Avalanche AVAX is gaining momentum with major upgrades and a Nexon partnership, fueling a huge rally to new highs.
  • Polkadot DOT faces challenges despite burning tokens and reducing barriers, seeing price corrections despite broader bullishness.
  • AVAX is positioned better to gain ranks among top cryptocurrencies with positive sentiment, while DOT must break resistances to build momentum and avoid declines.

The altcoin market is heating up as the crypto ecosystem experiences a surge of capital inflows. While Bitcoin garners much of the attention, many altcoins like Avalanche and Polkadot are actively developing their platforms. However, not all alts are benefiting equally from the bullish conditions. Avalanche is gaining momentum and potentially positioning itself to enter the top 10 cryptocurrencies, while Polkadot faces challenges despite the overall market uptrend. This contrast illustrates the unpredictable nature of the altcoin arena.

JUST IN: Avalanche $AVAX hits a near two-year high of $57 🚀 pic.twitter.com/GI4mgqKwn2

— BlockNews.com (@blocknewsdotcom) March 12, 2024

Avalanche AVAX Rides Upgrade and Partnership Wave

Avalanche recently rolled out major upgrades like Durango and Teleporter, boosting its capabilities and attractiveness for users and developers. This fueled a huge rally, with AVAX climbing over 50% to hit new highs after October lows. Avalanche also partnered with gaming giant Nexon, weaving popular game MapleStory into its framework.

Polkadot DOT Burns Tokens But Faces Corrections

Polkadot made news by burning DOT tokens and reducing barriers for developers through its Alpha program. However, DOT faced price corrections despite broader market bullishness. The token did surge after recent burning, potentially increasing scarcity. But challenges remain compared to Avalanche’s ascent.

Technical Analysis

AVAX is trading between key levels, reflecting market stability after major upgrades. Indicators like EMAs, RSI, MACD, and Stochastic support a bullish trend.

DOT is hovering between support and resistance. Indicators like EMAs, MACD, RSI, ADX, and Stochastic point to a relatively balanced market.

Price Forecasts

If Avalanche capitalizes on positive sentiment, AVAX could challenge higher resistances. But volatility means pullbacks remain possible.

For Polkadot, breaking resistances could see DOT test higher levels. But failure to build momentum may result in declines.

The Bottom Line

Avalanche and Polkadot illustrate diverging altcoin fortunes – one surging while the other faces corrections. This highlights the unpredictable nature of the crypto markets. While DOT has potential, AVAX is currently positioned better to gain ranks among the top cryptocurrencies.

Tags: AvalanchecryptoMapleStoryNexonPolkadot
Tweet1ShareShare
Previous Post

Apple Embraces Sideloading in EU, Revolutionizing iPhone App Downloads

Next Post

Ethereum’s Dencun Upgrade Launches, Aiming to Enhance Network Efficiency

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.