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Avalanche is a high-performance, scalable, customization, and secure blockchain platform. Avalanche comprises three blockchain
C-Chain- The C stands for contract, and this is the chain that’s used for smart contracts and
Defi apps. It uses an Ethereum-style address with 0x at the beginning, which can be added to your Metamask.
The X-chain is used for sending and receiving funds. It helps in utilizing the Avalanche Consensus mechanism to achieve consensus among participants in networks. The P-chain's function allows you to stake AVAX and serve as a validator.
Current TPS- 4500
Blocktime-<2 seconds
Number of validators- 1619
Recent News -
Global investment firm Franklin Templeton with $1.6T AUM expands its L1 blockchain footprint to Avalanche. Grayscale Investments® Launches Grayscale® Avalanche Trust.
AVAXUSD prices surged more than 25% in the past four days. It hit a high of $26.63 at the time of writing and currently trading around $26.421 The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $30.25, any indicative breach above will take the pair to $33.50/$41.50.On the lower side, immediate support is $23, and any violation below targets $19.79/$14.
Indicators ( 4-Hour chart)
Directional movement index - Bullish
It is good to buy on dips around $23 with SL around $19.79 for a TP of $30.
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