In a big advance toward the familiar use of digital assets, investment management firm VanEck has gone and done something quite novel. They have filed with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) exchange-traded fund (ETF) on the Nasdaq stock exchange. If, after a customary wait of several months, the approval comes back green, the fund will offer something quite radical: exposure to the price movements of Avalanche without requiring the actual cryptocurrency itself. The Avalanche VanEck proposed ETF would be physically backed, meaning it would hold AVAX tokens directly and track their market

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Starting this week with a sell-off, Avax found support and recovered after registering a double-digit loss in a week. This brought a slight break in the bloodbath as it currently posts gains daily. Following months of consistent price reductions, Avax appears highly bearish on the mid-term scale as it continues to flip through several key support levels weekly. The leg down took a strong toll on the bulls as they suffered along in the dip, closing last week’s trading under $18. Yesterday, being the start of a new week, marked a painful loss for them as the price continues to

The post AVALANCHE PRICE ANALYSIS & PREDICTION (April 8) – Avax Sees 13% Gains as Global Market Recovers, Remains Bearish appeared first on The Merkle News.

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Since it bounced off a year low a week ago, Avax has remained stuck in a consolidation due to low volatility. While looking indecisive, a surge would determine where it will likely head next. Avax’s bearish trajectory remains intact on the daily chart with no signs of reversal yet. Although it has seen a small lift since the price plunged to a year low last week. This brought a little relief in the market and is now trading calmly on the day. This calm might lead to another storm, and from the look of things, the bears will likely step

The post AVALANCHE PRICE ANALYSIS & PREDICTION (March 20) – Avax Trades Calmly, Gathering Momentum For Another Storm?  appeared first on The Merkle News.

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The past month marked Avax’s biggest drop since it started to lose momentum in December. Losing over 70% of its valuation so far, it tested a year low today but has seen a slight bounce. Avax’s bearish trend has continued to expand monthly due to a steady reduction. Looking at the recent setup, bigger drops lie ahead for the asset as it now signaled a mid-term downtrend. As we can see on the daily chart, things have become uglier this week as the price dipped to a yearly low of $15.2 earlier today. Rejecting this low, it has recovered slightly

The post AVALANCHE PRICE ANALYSIS & PREDICTION (March 11) – Avax Taps a Year Low After Posting Over 40% Loss in a Month appeared first on The Merkle News.

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Looking back, Avax has shed a major loss in the past two months as it entered a crucial support zone daily. It has paused selling, but a surge from this zone should determine the next direction of the market. The recent price recovery came as a relief for many bull traders as they hope for a potential shift in the trend. Instead, the recovery was short-lived and their hope was cut shorts with a sudden drop. Due to this, Avax plummet and went back in a downward slope after subjecting to a sideways movement for two weeks. It has lost

The post AVALANCHE PRICE ANALYSIS & PREDICTION (February 28) – Avax Sees 7% Daily Drop to Reach a Crucial Support Zone, Will it Hold?  appeared first on The Merkle News.

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Increasingly more analysts and chart patterns are pointing to an imminent Ether breakout to an all-time high, bolstered by BlackRock doubling its Ether ETF holdings.

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The locked-token sale saw participation from more than 40 companies.

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The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

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Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.

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