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The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World Liberty has spent $343 million on 11 different tokens – but every single one is in the red, with a total loss of $118 million!” Source: Lookonchain/X At time of writing, AVAX is trading at $18.35 while MNT is priced at $0.826. Besides privately accumulating digi...

Avalanche (AVAX) has seen a significant rise in investor activity. AVAX hasn’t shown much movement in the last 24 hours. However, AVAX has spiked by 2.6% in the last seven days and is down by 14.2% in the last 30 days. Moreover, AVAX’s price has risen by 156% since last year. According to CoinGecko data, AVAX is hovering around the $46.3 level. The coin hasn’t shown much movement in the last 24 hours. How high can Avalanche go by mid-April? According to Changelly, AVAX could surge to a maximum of $50 this week. Moreover, Changelly anticipates AVAX to continue rallying for the next few weeks, hitting a minimum of $55 this week. The platform anticipates AVAX to reclaim the $50 level. Also read: Shiba Inu: AI Forecasts SHIB Price For April 15, 2024 CoinCodex also paints a bullish picture for Avalanche (AVAX) for the next few weeks. The platform anticipates AVAX to hit $51 by mid-April and $92 by the end of April. However, AVAX is down by 68% from its all time hig...

SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move. On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains , with each chasing after new year-to-date highs.  The sustained bullish price action from altcoins has led some analysts to declare the arrival of an altcoin season, and at the time of writing, the total market capitalization of the altcoin market has hit a 2023 high at $659.5 billion. Altcoin price rallies typically involve a slew of factors, some being sentiment-based and others based on project fundamentals. Let’s look at a few of this week’s top market performers to see what catalysts underlie their growth. dYdX fee switch boosts price The platform behind the DYDX token is dYdX, a decentralized exchange that offers futures co...

The bear market brought an array of networks down. Avalanche [AVAX] was not just hit by the bears but also by controversy involving Ava Labs. While the asset’s price did endure a major setback, other sectors of the network followed suit during the same time. A recent report highlighting AVAX’s Q3 performance implied the same. It was brought to light that the third quarter of 2022 wasn’t very favorable for the asset with regard to its network. The network value of Avalanche recorded a dainty surge of 3.3 percent. The total revenue dropped by 94.1 percent following a decline in daily transactions by 65.5 percent and a 76.2 percent drop in transaction fees. In addition to this, the daily active addresses also took a major hit. As seen in the below image, the daily active addresses were falling from an average of 63,000 in Q2 to an average of 38,000 in Q3. Source Things weren’t going too well on the DeFi front as well. Avalanche Rush, well-known decentral...