Friend.tech clone Stars Arena drives surge of activity on Avalanche
The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena.
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The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena.
The price of AVAX has more than doubled in 2023 but a growing divergence between several key metrics hints at a bearish reversal ahead.
The latest AVAX price rally comes on the heels of Avalanche's partnership with Amazon Web Services as the cryptocurrency market rebounds.
AVAX's recovery aligns with similar upside moves across the top-ranking crypto assets.
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff.
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
Things are looking up for Bitcoin bulls after the weekend delivers some much-welcomed relief after multi-week lows.
The market cap of AVAX touched $30.32 billion for the first time in history.
The bullish setup emerges as traders raise their upside bets in smart contract protocols that rival Ethereum.