The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion.
Bitcoin Price Drops to $82k Amid Pressure?
The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion.
The altcoin market has not performed any better. Ethereum witnessed $108.01 million in liquidations, while XRP and Solana followed with $30.56 million and $26.46 million, respectively. Ethereum with a price drop of over 5%, is trading at $2066.30, while Solana dipped by more than 7% to $128.28. And XRP trades at $2.19 with a change of -5.61%.
While the broader market bleeds, a few tokens managed to post gains. Story IP took the limelight with a 9.61% price surge. Ethena followed with a 5.11% rise, while XAUt held steady with a slight uptick of 0.01%.
On the losing end, JASMY, KAS, and Maker led the losses, with JASMY plummeting by 13.66%, KAS down 12.41%, and MKR slipping 11.75%.
FAQs
How much does 1 Bitcoin cost today?
The price of 1 Bitcoin at the time of writing is $82,506.72.
Which tokens have gained the most today?
Story IP (+9.61%), Ethena (ENA) (+5.11%), and XAUt (+0.01%) are the top gainers.
What’s the current crypto market sentiment?
The Fear & Greed Index is at 17, indicating Extreme Fear in the market.
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But does it live up to the hype? Let’s dive into everything you need to know about Avalanche.
What is Avalanche?
Avalanche is a blockchain platform that’s designed for speed, low transaction fees, and scalability. Think of it as Ethereum’s faster, younger cousin. It allows developers to create decentralized applications (DApps) and even launch their own blockchains (subnets) while keeping everything running smoothly.
It was built to solve some of the biggest problems in crypto: slow transaction speeds, high fees, and network congestion. Ethereum, for example, sometimes struggles with high fees and slow transactions during peak times. Avalanche aims to fix that by offering near-instant finality and extremely low costs.
At its core, Avalanche has its own cryptocurrency called AVAX. It’s used for staking, paying fees, and securing the network. But the real magic of Avalanche lies in its unique structure. Unlike traditional blockchains, Avalanche operates on three different blockchains, each with a specific purpose. We’ll get into how that works in a bit.
History of Avalanche
Avalanche was created by Ava Labs, a company founded by Emin Gün Sirer, a Cornell University professor and blockchain expert. The project started in 2018, and by 2020, it officially launched.
Here’s a quick timeline:
2018 – The Avalanche consensus mechanism was first introduced by a team of researchers.
2019 – Ava Labs raised funding and started working on the network.
2020 – Avalanche launched its mainnet, making it publicly available.
2021 – Avalanche gained massive traction, with AVAX’s price skyrocketing and partnerships forming.
Since then, it has become one of the top blockchains, attracting developers, institutions, and crypto enthusiasts.
History of Avalanche
2018 – The Avalanche consensus mechanism was first introduced.
2019 – Ava Labs raised funding and started working.
2020 – Avalanche launched its mainnet.
2021 – Avalanche gained massive traction.
How Does Avalanche Work?
Unlike traditional blockchains, Avalanche doesn’t rely on a single chain. Instead, it uses three different chains to improve efficiency:
X-Chain (Exchange Chain) – This handles asset creation and transfers, similar to how Bitcoin is used for transactions.
C-Chain (Contract Chain) – This is where smart contracts are executed, making it compatible with Ethereum’s DApps.
P-Chain (Platform Chain) – This manages validators and helps create custom subnets (individual blockchains).
Why does this matter? Because by splitting tasks between these chains, Avalanche avoids congestion, making transactions super fast and cheap.
For example, Ethereum processes around 15 transactions per second (TPS). Avalanche? It can handle over 4,500 TPS. That’s a game-changer.
Advantages of Avalanche
Avalanche has some major advantages that make it stand out:
Speed – Transactions settle in less than two seconds. No more waiting for minutes or even hours.
Low Fees – Compared to Ethereum’s sometimes ridiculous gas fees, Avalanche keeps costs low.
Scalability – The network doesn’t slow down even when usage increases.
Ethereum Compatibility – Developers can easily move their projects from Ethereum to Avalanche.
Security – Avalanche’s unique consensus mechanism makes it more resistant to attacks.
Eco-Friendly – Unlike Bitcoin, which uses proof-of-work (PoW), Avalanche uses proof-of-stake (PoS), which is much more energy-efficient.
Disadvantages of Avalanche
Competition – Ethereum, Solana, and others are also working on scalability solutions.
Centralization Concerns – Some critics argue that a small number of validators control most of the AVAX supply.
Adoption – While growing, it still needs more developers and projects to truly compete with Ethereum.
Is Avalanche a Good Investment?
This is the big question: should you invest in AVAX?
Like any crypto, AVAX has had its ups and downs. It saw huge gains in 2021, reaching an all-time high of around $146. However, it also faced major corrections.
Here’s why some investors are bullish:
Strong technology – Avalanche’s speed and low fees make it attractive for DApps.
Growing ecosystem – More projects are launching on Avalanche.
Institutional interest – Big players are taking notice.
But there are risks too:
Crypto volatility – Prices can swing wildly.
Regulatory uncertainty – Governments may crack down on crypto.
Competition – Ethereum and others aren’t standing still.
If you believe in Avalanche’s long-term potential, it could be a solid investment. But always do your research and never invest more than you can afford to lose.
Is Avalanche a Good Investment?
Here’s why some investors are bullish:
Strong technology
Growing ecosystem
Institutional interest
But there are risks too:
Crypto volatility
Regulatory uncertainty
Competition
The Future of Avalanche
Avalanche has a bright future, but it won’t be an easy ride. Here’s what could happen next:
More Adoption – If more developers and institutions join, Avalanche could challenge Ethereum.
Better Upgrades – Avalanche continues to improve its scalability and security.
Stronger Partnerships – More collaborations could boost its ecosystem.
Price Growth? – If demand increases, AVAX could see price appreciation.
Of course, nothing is guaranteed in crypto. Avalanche has potential, but it also faces challenges.
Final Thoughts
Avalanche is like the high-speed train of the crypto world. It’s fast, efficient, and designed to handle huge amounts of traffic without slowing down. If you’re into crypto, it’s definitely worth keeping an eye on.
Will it replace Ethereum? Maybe not. But will it play a major role in the future of blockchain? Very likely.
So, whether you’re an investor, developer, or just curious about crypto, Avalanche is one name you should know.
FAQs
What is Avalanche (AVAX) and how does it work?
Avalanche is a fast, low-cost blockchain using three chains (X-Chain, C-Chain, P-Chain) to improve scalability and efficiency.
How is Avalanche different from Ethereum?
Avalanche is faster (4,500 TPS vs. Ethereum’s 15 TPS), has lower fees, and supports subnets for custom blockchains.
Is AVAX a good investment?
AVAX has strong tech, growing adoption, and institutional interest but faces risks like volatility and competition.
What is the future of Avalanche?
Avalanche aims for wider adoption, better upgrades, stronger partnerships, and potential price growth in the crypto space.
The post Learn Avalanche in 7 Minutes: A Step-by-Step Guide appeared first on Coinpedia Fintech News
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But …
XRP price jumped more than 5% today and hovered near the $2.5 mark while its one-day trading volume was down 25% to $9.5 billion. It’s worth noting that the crypto has faced massive volatile trading lately, slipping below the $2 mark recently. However, despite that, a renowned analyst predicted the Ripple coin price to hit $222 citing historical trends.
XRP Price Eyes Major Rally Ahead
Renowned crypto analyst EGRAG CRYPTO believes XRP price is entering a “Kangaroo Phase”, a term he uses to describe a volatile yet bullish market stage. According to his analysis, Ripple crypto is holding strong above key support levels while consolidating above Fibonacci retracement levels, signaling a potential breakout.
The expert noted that the crypto’s last major rally in 2017 followed a Fibonacci extension move, hitting the 1.618 level before making another parabolic jump. If history repeats, the XRP price could initially target $8.50 to $13, followed by a surge to $27. However, the analyst argues that a long-term Fibonacci extension move could propel the crypto to the staggering $222.
Besides, he also clarified that market cap is not a factor for those who question the impact of this robust surge in the asset’s price. “Market cap is a flawed measurement when it comes to real utility-driven assets,” he stated, dismissing skeptics who question such high price targets.
Source: EGRAG CRYPTO, X
Trump’s Endorsement Fuels Optimism
Market sentiment got another boost as President Donald Trump announced plans to add XRP to the US Strategic Reserve list. This unexpected move places XRP alongside other key digital assets, potentially increasing institutional adoption and long-term value.
Trump’s pro-crypto stance has already influenced market movements, with investors closely watching regulatory shifts. If his administration follows through, Ripple’s native asset could see further gains, reinforcing bullish predictions.
Another major catalyst for the XRP price surge is the anticipated resolution of the long-standing SEC lawsuit. A legal expert recently hinted that the Ripple Vs SEC case could conclude as early as March, sparking renewed optimism among traders.
Besides, the US SEC has dismissed a flurry of crypto lawsuits recently, which has further boosted the market sentiment. Having said that, the resolution in the long-running legal battle could significantly boost the asset’s price in the coming days.
Will XRP Follow 2017’s Price Explosion?
With historical patterns, market support, and regulatory developments aligning, the future trajectory of the XRP price looks promising. While a $222 target may seem ambitious, past cycles suggest that explosive rallies are possible.
Besides, a recent report indicates that Ripple price is primed to hit $30 by May 2025, sparking market optimism. However, despite the bullish forecasts, investors should exercise due diligence, given the ongoing volatile scenario in the market.
