Bittime – Avalanche (AVAX) has just implemented the Durango upgrade, a big step for their blockchain technology .
Apart from that, they also launched Teleporter to increase network efficiency. These advances have increased AVAX's appeal to developers and users.
On the market, AVAX experienced an extraordinary price increase, reaching its highest point of IDR 903,355 in mid-March 2024, up from its lowest point of IDR 124,000 in October 2023.
This significant increase reflects investors' confidence in Avalanche's growth and its expansion into new areas, such as their recent partnership with Nexon to integrate the popular MMO game MapleStory into their platform.
Avalanche (AVAX) Technical Analysis
From a technical point of view, AVAX is currently trading between IDR 640,000 and IDR 843,000. This indicates stable market sentiment after the positive impact of the Durango and Teleporter upgrades.
The Relative Strength Index (RSI) is approaching the overbought region.
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Avalanche (AVAX) Price Prediction
According to crypto analyst TopCryptoNews a bullish scenario suggests AVAX could break through higher resistance levels at IDR 812,000 and IDR 950,000 if it capitalizes on the positive market response to its gaming upgrades and partnerships.
Conversely, a bearish scenario could see AVAX fall to the support level if market sentiment weakens or external factors trigger a decline.
A drop to IDR 625,000 or even lower cannot be ruled out, considering the volatility of the cryptocurrency market.
Also Read: Online Game Legend MapleStory Steps into Web3 with Avalanche (AVAX)
Polkadot (DOT) Focuses on Innovation and Ecosystem Growth
Polkadot (DOT) recently launched the Polkadot Alpha Program, designed to make it easier for blockchain developers to enter their ecosystem.
As the market anticipates the release of Agile Coretime, which promises to streamline the launch of parachain projects, Polkadot (DOT) continues to attract attention with its innovative approach.
It's worth noting, DOT's value increased 46% in the past month, driven by news such as the latest token burn event.
The burning of over 430,000 DOT tokens reduces the number of tokens circulating in the market, potentially strengthening the price of DOT.
Also Read How to Buy Crypto:
Polkadot (DOT) Technical Analysis
Technically, Polkadot (DOT) is between IDR 160,000 and IDR 175,000.
Technical indicators suggest a balanced market, with MACD, RSI, and Stochastic %K hovering around neutral levels.
Polkadot (DOT) Price Prediction
According to crypto analyst TopCryptoNews a bullish scenario could see DOT surpass the first resistance level and test higher resistance at IDR 177,000 and IDR 198,000 if they maintain positive market sentiment through continued innovation and community engagement fostered by the Polkadot Alpha Program.
On the other hand, a bearish view could emerge if DOT loses momentum, potentially dropping to the support level of IDR 135,000 or even IDR 113,000 .
This could occur due to a broader market correction or change in investor sentiment.
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Conclusion: A Tale of Two Altcoins
Avalanche (AVAX) and Polkadot (DOT) are important players in the ever-expanding world of cryptocurrency. While AVAX is making significant strides, potentially entering the top 10 cryptocurrencies by market capitalization, DOT faces challenges despite the general bullish cryptocurrency market.
The contrasting fates of AVAX and DOT highlight the inherent volatility of the altcoin market, where trends can change quickly.
How to Buy Avalanche (AVAX) on Bittime
You can buy and sell Avalanche (AVAX) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Avalanche (AVAX) is available on Bittime with the market pair AVAX/IDR . To be able to buy AVAX IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Avalanche (AVAX) on Bittime .
Monitor the price chart movements of Avalanche (AVAX) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read
What is Avalanche (AVAX) and its advantages over other blockchains?
Avalanche (AVAX) Price Prediction in 2024
Polkadot (DOT) Price Analysis: Can It Reach $10?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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