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WHAT IS AVALANCHE? Avalanche (AVAX) is a network of blockchains platform that launched back in 2020 and is all about being super fast, flexible, secure, and affordable. Think of it as the tech playground for developers who want to create cool decentralized apps (dApps) or even launch their own blockchains. It’s open-source too, so anyone can peek at the code or pitch in to make it better. What sets Avalanche apart is its unique proof-of-stake system, the Snowman Consensus Protocol. Fancy name, right? Basically, this helps the network process transactions quickly and efficiently while staying eco-friendly compared to older blockchains like Bitcoin. Now, let’s talk about the star of the show: $AVAX , Avalanche's native token. AVAX has a hard cap of 720 million tokens. So no endless minting here. It’s mainly used to pay transaction fees on the network, but here’s the twist: those fees don’t go to anyone. They get burned (yep, destroyed) to cut down the circulating supply. This makes AVAX scarcer over time, which can help drive up its value. As of September 19, 2024, there were about 405.93 million AVAX tokens in circulation. The market cap? A hefty $10.67 billion. And the 24-hour trading volume was no joke either $478.71 million. Safe to say, AVAX is holding its own in the crypto world. TECHNICAL ANALYSIS OF $AVAX • CURRENT PRICE AND MARKET PERFORMANCE The price of AVAX is currently at $48.77, down by 0.43% on the day, which signals a slight bearish sentiment in the short term. We can see AVAX struggling to gain traction above the $49 level and showing some weakness after hitting its recent peak earlier in the session. This indicates a small correction phase as buyers seem to lose a bit of steam. • HISTORICAL PRICE TRENDS AVAX started strong initially, rallying towards the $50 mark before facing resistance and pulling back. The price action after that shows a downtrend with multiple lower highs and lower lows, a typical bearish pattern. Around the mid-session, there were some attempts to bounce, but none could break the downward pressure, leading to further declines. This price action shows that AVAX has been range-bound between $48.5 to $50.5, failing to maintain its upward momentum. • TECHNICAL INDICATORS Sellers appear to have controlled most of the recent sessions, as shown by the gradual decline. We’re not seeing any sudden spikes in volume, meaning no heavy buying pressure is stepping in just yet to reverse the trend. • SUPPORT AND RESISTANCE LEVELS Now, here’s where it gets interesting. AVAX is currently hovering near support at $48.50, which has held up so far. If this level breaks, AVAX could slide further to test lower supports, likely around $47.50. On the flip side, there’s clear resistance at $49.50 to $50. You can see on how the price struggled to sustain above $50 and got rejected multiple times, indicating strong selling interest around that level. To trigger a bullish move, AVAX needs to reclaim $50 with volume backing it up, which could open doors to higher resistance zones around $51+. •MARKET SENTIMENTS Sentiment right now appears cautious. AVAX seems to be consolidating in this tight range as traders look for a clearer signal. This indecisive price action could mean two things: either AVAX is gearing up for a rebound if buyers step in near $48.5, or it could break lower if sellers remain in control. The slight downward trend aligns with broader market indecision, so traders are likely waiting for more direction. To sum up, AVAX is facing notable resistance at $49.50-$50 while clinging to support at $48.50. The short-term trend is bearish, and unless bulls push prices above resistance with stronger momentum, the current range-bound behavior could persist. Keep an eye on volume and support levels. if either gives way, AVAX’s next move will likely follow suit.

Remember we are within a super cycle A cycle in which price enters discovery Means there is no limit, FOMO starts Holding is the only strategy here $BTC

Remember we are within a super cycle A cycle in which price enters discovery Means there is no limit, FOMO starts Holding is the only strategy here $BTC

XRP breakout might happen in two days: Key pattern to watch$XPR XRP's price chart reveals an interesting setup, as the asset is trading hands within a descending price channel, suggesting a potential breakout on the horizon. Following a parabolic rise, the asset is in a consolidation phase, with its price maintaining higher lows and demonstrating resilience close to the $2.30 support level, which indicates bullish momentum. The consistent trading volume and a relative strength index hovering around overbought levels further affirm XRP's fundamental strength despite recent declines. The upper boundary of the descending channel, currently at $2.50, is a critical level to monitor, as a decisive break above it could propel XRP back to previous highs. If XRP fails to break out, there could be another chance for accumulation should a retest of the lower support level near $2 or the 26 EMA occur. If a breakout takes place, the next target might be $2.80, and then the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be critical. A resolution of the current pattern is likely to lead to a continuation of the trend, especially if trading volume stays strong. Related Ripples Stablecoin Stuns Major US Exchanges as XRP Community Awaits Launch MicroStrategy has 90% chance of being added to Nasdaq 100 According to estimates from Polymarket bettors, the likelihood of MicroStrategy being added to the Nasdaq 100 index is currently at 90%. In addition to MicroStrategy, it is anticipated that Axon Enterprise, a safety technology firm, and Palantir Technologies, a data analytics platform, will also be included in the Nasdaq 100 index. Conversely, information technology company Super Micro Computer (SMCI) and Massachusetts-based biotechnology company Moderna are on track to be removed from the index. MicroStrategy's stock has surged by 500% year-to-date, with its market capitalization exceeding $100 billion. The company recently made another massive Bitcoin purchase of $2.1 billion; now MicroStrategy's BTC holdings stand at $42 billion. A decision regarding MicroStrategy's inclusion in the Nasdaq 100 index is anticipated today, Dec. 13. Bitcoin miners' revenue hit $71 billion in epic milestone As reported by Glassnode, on Dec. 5, Bitcoin miners earned a cumulative $71.49 billion, achieving a major milestone. The same day, Bitcoin's price surpassed the $100,000 mark for the first time, with its market cap briefly exceeding $2 trillion. The total earnings for miners for processing transactions and protecting the network include $67.31 billion from block subsidies and $4.18 billion from transaction fees. So far, a total of 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes. Additionally, Bitcoin has experienced remarkable transaction growth, processing over 1.12 billion transactions (unfiltered) and facilitating a total transfer volume of $131 trillion since its inception Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain

XRP breakout might happen in two days: Key pattern to watch$XPR XRP's price chart reveals an interesting setup, as the asset is trading hands within a descending price channel, suggesting a potential breakout on the horizon. Following a parabolic rise, the asset is in a consolidation phase, with its price maintaining higher lows and demonstrating resilience close to the $2.30 support level, which indicates bullish momentum. The consistent trading volume and a relative strength index hovering around overbought levels further affirm XRP's fundamental strength despite recent declines. The upper boundary of the descending channel, currently at $2.50, is a critical level to monitor, as a decisive break above it could propel XRP back to previous highs. If XRP fails to break out, there could be another chance for accumulation should a retest of the lower support level near $2 or the 26 EMA occur. If a breakout takes place, the next target might be $2.80, and then the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be critical. A resolution of the current pattern is likely to lead to a continuation of the trend, especially if trading volume stays strong. Related Ripples Stablecoin Stuns Major US Exchanges as XRP Community Awaits Launch MicroStrategy has 90% chance of being added to Nasdaq 100 According to estimates from Polymarket bettors, the likelihood of MicroStrategy being added to the Nasdaq 100 index is currently at 90%. In addition to MicroStrategy, it is anticipated that Axon Enterprise, a safety technology firm, and Palantir Technologies, a data analytics platform, will also be included in the Nasdaq 100 index. Conversely, information technology company Super Micro Computer (SMCI) and Massachusetts-based biotechnology company Moderna are on track to be removed from the index. MicroStrategy's stock has surged by 500% year-to-date, with its market capitalization exceeding $100 billion. The company recently made another massive Bitcoin purchase of $2.1 billion; now MicroStrategy's BTC holdings stand at $42 billion. A decision regarding MicroStrategy's inclusion in the Nasdaq 100 index is anticipated today, Dec. 13. Bitcoin miners' revenue hit $71 billion in epic milestone As reported by Glassnode, on Dec. 5, Bitcoin miners earned a cumulative $71.49 billion, achieving a major milestone. The same day, Bitcoin's price surpassed the $100,000 mark for the first time, with its market cap briefly exceeding $2 trillion. The total earnings for miners for processing transactions and protecting the network include $67.31 billion from block subsidies and $4.18 billion from transaction fees. So far, a total of 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes. Additionally, Bitcoin has experienced remarkable transaction growth, processing over 1.12 billion transactions (unfiltered) and facilitating a total transfer volume of $131 trillion since its inception Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain