There has been a remarkable development in the crypto money market in the last 24 hours. Avalanche $21.00Avax’s local Token has gained more than 6 percent value. Coindesk 20 index, which followed the market in the same period, increased by 0.8 percent. Investors attributed Avax’s increase above this average to various factors.
Technical and Political Factors in Price Increase
The price of AVAX tended to recover after the general market sales. The price rose from $ 19.37 to $ 20.96. This rise came after the sales triggered by the tension between US President Donald Trump and Tesla CEO Elon Musk. The Trump administration’s threat of canceling state contracts against Musk and the allegations of Epstein files negatively affected the markets, while AVAX was recovered in a short time.
Technical data also supported this recovery. According to the technical analysis model of the Coindesk research team, AVAX created a powerful base of around $ 19,40. The fact that the transaction volume exceeded the 24 -hour average, pointed out that the rise has technically strengthened.
Sectoral Developments and Corporate Investments
Investors do not only connect the rise in AVAX to technical developments. Recently, the increasing activities and corporate interest of real assets (RWA) to be considered to play a role in this development. Especially the fact that FIFA has recently chosen Avalanche to create its own blockchain network came to the fore.
FIFA officials: “FIFA will be cooperated with Avalanche to strengthen the Blockchain network and the current NFT collection will be moved to the Avalanche network.”
FIFA announced that it would move its existing NFT collection from Avalanche from the Algorand and Polygon network to Avalanche and will use this network to develop new fans experiences. This step has shown that Avalanche is a prominent choice for major organizations.
On the corporate investment front, the asset manager Vaneck will start a $ 100 million fund for the avalanche ecosystem. This fund is expected to invest in games, finance and artificial intelligence -oriented projects, as well as to turn to idle capital and real asset products.
Vaneck Official: “With the new Fund, the projects and businesses in the avalanche ecosystem will be supported, and investment will be made in the tokensation of real assets.”
Technical resistors and market expectations
Despite the rise, it is emphasized that Avax is still some technical resistance points that should overcome. According to the research data, short -term resistance at the level of $ 21, 20.81 dollars, support was shared. Experts, around $ 24,80, a stronger resistance can be seen, he says.
Recent institutional steps, progress in real asset tokens, and active use of the network of large institutions, can make AVAX more resistant to market fluctuations.
Developments in the crypto currency sector are rapidly taking place and the positive movement in the price of Avalanche sheds light on all market dynamics. In addition to technical indicators, collaborations with large organizations and new funding opportunities may be effective in the prominence of token. It is stated that it may be beneficial for the investment decisions to follow the major institution and fund mobility as well as technical data in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
