Avalanche Foundation’s meme coin investments are underwater, AVAX price sees 36% weekly gains

United States News News

Avalanche Foundation’s meme coin investments are underwater, AVAX price sees 36% weekly gains
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Avalanche-based meme coins have found a place in the Foundation’s portfolio.

Avalanche Foundation’s portfolio has five meme coins and the Avalanche-based assets are hit by a correction. Avalanche blockchain’s native token

ecosystem’s meme coins, Kimbo , Coq Inu , Gecko , Technology joke token and Avax has no chill . While Bitcoin and the broader crypto market started recovering from its decline in the past day, Avalanche-based meme coins are in a downward trend.

price climbed nearly 11%, emerging as an outlier among the Foundation’s meme coin holdings. The meme coins in the Foundation’s portfolio have been issued within the past few months and the daily trade volume of the tokens is in millions of dollars. While Avalanche Foundation’s announcement acted as a catalyst, driving the prices of these assets higher, post the disclosure, the meme coins are yet to recover from the market-wide correction.

price uptrend is intact. The Relative Strength Index reads 75.92, the asset is overvalued or overbought, according to the indicator. The RSI’s reading informs that there is a likelihood of a correction,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Avalanche Price Prediction: AVAX rally could reach $60Avalanche Price Prediction: AVAX rally could reach $60Avalanche (AVAX) price has cleared the December 2023 high with a bold extension north to mark a new multi-year high.
Read more »

Avalanche Hits $329M in Daily Large Transaction Volume as AVAX Reaches May 2022 Levels: ITBAvalanche Hits $329M in Daily Large Transaction Volume as AVAX Reaches May 2022 Levels: ITBCrypto Blog
Read more »

Avalanche expert’s death shows dangers of backcountry skiingAvalanche expert’s death shows dangers of backcountry skiingAn avalanche forecaster was killed in an avalanche while skiing in Oregon last week, authorities said.
Read more »

Air filters and scheduled window opening can reduce classroom pollution by up to 36%Air filters and scheduled window opening can reduce classroom pollution by up to 36%To improve air quality in classrooms, schools should use air purifiers during the school day and open the windows after hours. That's according to a new study.
Read more »

The Amazing Race Season 36 Premieres with New Teams and Exciting ChallengesThe Amazing Race Season 36 Premieres with New Teams and Exciting ChallengesThe Emmy award-winning series 'The Amazing Race' kicks off its 36th season Wednesday night March 13 on CBS. The beloved race around the world features thirteen new teams competing for a $1 million grand prize. Host Phil Keoghan kicks off the race from Puerto Vallarta, Mexico, where the 13 new teams must participate in a traditional Mexican rodeo and lasso their way to the finish line without coming in last. The stakes are high because there are no non-elimination legs, and the team to finish last in each leg will be eliminated. Along the route, Racers will go paragliding in Colombia, rally car racing in Argentina, and visit two new countries – swimming through waterfalls in the Dominican Republic and visiting music superstar Rihanna's childhood home in Barbados.'This season of 'The Amazing Race' features a cast of adventurous thrill-seekers. We always want to challenge our cast and surprise our viewers, so we are excited to travel to two new countries along the route,' said executive producers Bertram van Munster and Elise Doganieri
Read more »



Render Time: 2025-02-15 00:37:06