Ecological tokens are generally rising, and the 2 major altcoins that analysts focus on Web 3 will have a big increase The Avalanche ecological token has risen, AVAX has risen by more than 11% on a daily basis, and the ecological tokens $COQ and $JOE are more popular. Not only that, the Cosmos ecological token rose generally, with INJ rising 17.6% in a single day, and both $RUNE $ANKR $LOOM rose. There is also the oracle PYTH, which rose to a new all-time high of $0.9498 and is now trading at $0.9312, up 9.7% in 24 hours. Cryptocurrency analyst Michaël van de Poppe recently focused on two altcoins that are expected to have a significant impact on the Web 3.0 ecosystem. In a detailed elaboration shared on X (formerly known as Twitter), Van de Poppe introduced "modular blockchain" and "DePin" as emerging concepts that will redefine the cryptocurrency landscape. Van de Poppe highlighted the need for practical use cases, saying, "I advocate investing in projects that meet real-world use cases. Hence why I don't pay much attention to projects in the gaming, Metaverse, NFT, or meme space, [...] I'd rather focus on projects that have real-world use cases in the financial Web 3.0 ecosystem. ” Van de Poppe said that the discussion around blockchain scalability and efficiency has led to the emergence of modular blockchains. He describes modular blockchains as "the solution of the last cycle" and aims to solve the high transaction fees and scalability challenges that hinder platforms like Ethereum. "Remember the high gas fees we paid during Ethereum's bull run? Yes, that's where Layer 2 and modular blockchains originated as a potential solution to this problem. Van de Poppe explains. By splitting the traditional process of processing by a single layer, modular blockchains have the potential to dramatically increase transactions per second, solving the core scalability trilemma of decentralization, scalability, and security without making any compromises. In this new era of trendsetting projects, Celestia (TIA) and Covalent (CQT) became the favorites of Van de Poppe. According to Van de Poppe, TIA is a frontrunner in the modular blockchain space. "One of my favorites is TIA, which enhances the potential of modular blockchains," said Van de Poppe. He highlighted the project's ambition to redefine the scalability and efficiency of blockchain technology. Covalent has been praised for its comprehensive toolkit for developers, which includes a Block Explorer suite called GoldRush and analytics dashboards like Increment. "Covalent's goal is to build on the DePIN ecosystem, which means a decentralized network of physical infrastructure that essentially lays the foundational layer of the entire financial Web 3.0 ecosystem," said Van de Poppe. ” Van de Poppe delved into Covalent's contribution, highlighting that the project's goal is to secure a structured dataset from more than 215 blockchains and integrate artificial intelligence by analyzing 100 billion transactions. This integration aims to boost AI consumption, training, and product development. "Covalent promotes decentralized indexing, enhances network resilience and reduces reliance on a central entity," he noted, and underscored the project's commitment to decentralization. In addition, the activation of the revenue fee switch connected to the Premium API since February marks the maturity of Covalent's economic model and its efforts to achieve full Ethereum Virtual Machine (EVM) state data retrievability. CQT price rose above the 20-week and 100-week EMAs in mid-February, creating bullish momentum. The current price target is the 0.236 Fibonacci retracement level of $0.53 on the 0.53-week chart. However, it is worth noting that despite the bullish sentiment in the cryptocurrency market, the price is still around 80% from its all-time high. For Celestia (TIA), the situation looks completely different. The price is only 20% below its all-time high and is trading above the 0.236 Fibonacci retracement level on the 1-day chart. (Source: Jake Simmons)

SUI price hits a new all-time high - but valuation issues still exist SUI has recently attracted widespread follow, and its development has reached its peak. At the close of the week, its price reached a historical high of $2.30, ranking higher than top AltCoins such as Polkadot (DOT), thus entering the top 15 Cryptocurrencies. This achievement has inspired hope for those who support SUI, as they believe it will become a major competitor in the market. Decentralized Finance noticed the price surge of SUI, with Total Value Locked (TVL) reaching $1 billion. The token ranks higher than Avalanche (AVAX) and Polygon (MATIC). Investors have noticed the growing importance of SUI in the Decentralized Finance market, and SUI's forecast shows a continued positive trend in the next three months, with an increase of up to 240%. Currently, the trading price of SUI is $2.04, which has decreased by 4.3% in the past 24 hours, but has continued to pump by 8.7% in the past 7 days. The rapid rise of SUI has excited many people, but it has also raised doubts. In fact, some analysts doubt whether the current market capitalization of the Token is in line with its actual fundamentals. The value pump has sparked a debate as people try to measure the Market Cap of SUI to identify potential issues. This situation is not uncommon for rapidly expanding coins or Tokens; however, it can also raise some concerns for potential buyers. Insider dumping is another worrisome issue. During the recent pump of Token, a large volume of transactions in the foundation's wallet has raised concerns about its price sustainability. Withdrawing funds during a price surge may indicate insecurity among insiders, leading investors to doubt the long-term prospects. The complexity of SUI's current situation is exacerbated by its Fully Diluted Valuation. SUI has a Fully Diluted Valuation of $1.2 billion, significantly lower than Solana's $4.7 billion. Some market experts claim that Solana's pricing may be incorrect because Solana's Fully Diluted Valuation is less than a third of Ethereum's. This has led some to conclude that SUI is currently overvalued. This comparison also raises the issue of potential market mispricing, which requires investors to weigh the pros and cons before participating. Currently, there is competition among various cryptocurrencies, and understanding the valuation of such projects relative to other tokens can help people better understand each token. Despite the concerns, the recent prospects for SUI remain optimistic. From the perspective of PA, the stock will show a pump trend, as forecasts indicate a significant increase in market size in the coming months. Over the next three months, the price of SUI is expected to pump by 244%, attracting many hopeful investors. Investors are advised to proceed with caution. Given the large volume of insider trading and concerns about valuation, the future may not be as optimistic as expected. It is crucial to monitor market trends and perform Technical Analysis to address the risks brought by the rapid rise of SUI. (Data Source: Christian Encila)

TRON Reaches 95 Million Address Milestone, Does That Help the Price? On-chain data shows that the total number of TRON TRON network Addresses has exceeded the 95 million mark, which is an important milestone for the Blockchain. Address growth for TRON has lagged far behind other Layer 1 networks such as Cardano and Avalanche. Here, the analytics firm used the total number of addresses on the Blockchain with some non-zero balances to track the growth of the network. When the balance of these Addresses increases, it means that either new investors are joining the network, or old holders are returning. Either way, this trend is a positive sign for any Crypto Assets, as it indicates that some net adoption of the Blockchain is taking place. On the other hand, the decline in this indicator means that some investors have decided to clean up their wallets, which may indicate that they have decided to abandon the network. As shown in Figure 1, the total number of balance addresses on TRON has been rising for some time and recently set a new record of more than 95 million. "This is quite an impressive number considering that other Layer 1 networks like Cardano and Avalanche have fewer than 10 million addresses," the data platform noted. "Layer 1" Blockchain handles transactions and security independently and is not dependent on other networks. Considering the speed with which the TRON network Address is opened, users seem to prefer Blockchain over some other Layer 1 networks. Now, it can be complicated about what this adoption might mean for the price of TRX. The chart shows that adoption of the asset has been rising for Long years, but that hasn't quite translated into its price. One thing that is generally certain about adoption is that it provides a solid foundation for the network and is a good sign that the asset will be here to stay for a long time. The entire Crypto Assets industry has been accelerating lately, with Bitcoin leading the way, returning as much as 20% over the past week. However, TRON lagged behind the market, with a profit of only 3% over the same period. TRX is currently the eleventh Crypto Assets in terms of Market Cap. However, if the Token continues to be weaker than its competitors, it could slip off the list, as the twelfth-largest Token, Chainlink (LINK), is currently closing the gap with its stronger returns. (Source: Keshav Verma)

Avalanche Price Analysis: AVAX broke through the $10 resistance level and rose to $12 9.54 million AVAX tokens were unlocked in August, adding to AVAX's inflationary pressures. Although its price did not fall, its stay in the oversold area was extended and reversed at the end of September. Recorded an increase this month. AVAX price analysis 1-day chart, AVAX is down 38.76% over the last 12 months and up 24.01% over the last 30 days. AVAX accelerated its decline in June and corrected as the market reacted to Ripple's July win. August was a bloodbath, and its decline accelerated. The September decline forced it below the $10 support level. This month, it saw positive growth, reaching $11.88 before recovering to a low of $8.65. Gold broke above $11 again this week. The positive momentum of AVAX is on the rise, contributing to this week's recovery. The 14-day Relative Strength Index was 56.26. AVAX/USD 4-hour chart, 4-hour chart highlights the AVAX price action for the month of October. Over the past 12 hours, the token's momentum has turned positive. The RSI narrowed below 57.70. Despite the $100 million token unlock in August, leading to high inflation, AVAX's market remained stable. There has been no significant change in market volume. The coin rebounded this month, successfully breaking above $11. (Source: Brian Koome)

Avalanche momentum is strong, AVAX is targeting the resistance level at $30.34 Avalanche (AVAX) has recently shown strong corrective upward momentum, rekindling the interest of investors and traders. This upward momentum occurred after being rejected at $23.49, indicating a potential challenge to the resistance level of $30.34. As AVAX approaches this critical threshold, market participants are closely watching whether the cryptocurrency can maintain its bullish trajectory and break through the resistance level. The $30.34 level is now a focal point, determining whether Avalanche can sustain its upward trend and continue to climb. Currently, on the 4-hour chart, AVAX's price is trading above the 100-day Simple Moving Average (SMA). Despite the price consolidating, there is still a possibility of a continued upward trend. Additionally, although the signal line of the 1-day Relative Strength Index (RSI) suggests a bearish outlook for Avalanche's price, this is only a short-term trend, and at some point, the price may resume its upward movement. Meanwhile, on the 1-day chart, Avalanche is bullish despite still being below the 100-day SMA, as it is attempting a corrective upside towards the resistance level of $30.34 with sustained momentum. The formation of the 1-day RSI indicator also confirms the bullish momentum of the current price, as the signal line of the indicator seems to have moved from the oversold zone towards the 50% level. Therefore, it can be expected that the price of AVAX may experience a temporary pullback before challenging the resistance level of $30.34. Exploring the potential outcomes of Avalanche, we found that if the price of AVAX reaches the resistance level of $30.34 and breaks through, it may continue to pump to test the resistance level of $36.15, and if it breaks the $36.15 level, it may continue to challenge other higher levels. However, if the encryption asset is rejected at the resistance level of $30.34, it will start to fall towards the support level of $23.49. If it breaks through that level, it may continue to fall to test the support level of $18.81 and may continue to test other lower levels after falling below the $18.81 level. The price of AVAX is about $28.23, up 1.01%, with a market cap of over $11 billion and a trading volume of over $336 million. AVAX's market cap has increased by 1.01% in the past 24 hours, while the trading volume has decreased by 3.07%. (Data Source: Godspower Owie)

Will the pumping trend in AVAX prices continue? These may be factors to watch After a steady fall, Avalanche's AVAX found supports near the $30.50 area. A low was formed near $30.58 and the price began a new upward pump. The price pump by more than 10% and broke through the long barrier near $35.00. The AVAX/USD coin pair broke above the key falling trend line on the 4-hour chart with resistance level at $34.00. The coin pair even cleared the 50% Fib retracement level that falls from the $39.83 fluctuation high to the $30.58 low. AVAX PRICE IS CURRENTLY TRADING ABOVE $36.50 AND 100 SIMPLE MA (4-HOUR). On the upside, the immediate resistance level is near the $37.65 area, which is the 76.4% Fibonacci retracement of the downward movement from the $39.83 Fluctuation high to the $30.58 low. The next major resistance level is formed near the $39.80 area. If the upside breaks above $39.80, the price could pump more than 10%. In the above scenario, the price may steadily pump up to $42.50 or even $44.00. If the AVAX price fails to continue above the $37.65 or $39.80 levels, a downward correction may begin. The immediate support level for the downside is near $36.30. The main support level is near the $35.20 area and the 100 simple MA (4-hour). A falling below the $35.20 level could open the door for a sharp fall to $32.80. The next major support level is near $30.50. Technical indicators: 4 Hour MACD – The MACD of AVAX/USD is gaining momentum in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI of AVAX/USD is currently above the 50 level. Major support levels – $36.30 and $35.20. Major resistance levels – $37.65, $39.80 and $42.50. (Source: Aayush Jindal)

Web3 Headlines Today 1. BlackRock expects BitcoinSpot ETF to be approved this Wednesday 2. Grayscale updates the weights of the multi-asset Crypto Assets index fund on a quarterly basis, adds AVAX and XRP to GDLC, and removes MATIC 3. The SEC Investor Education and Publicity Office reminds investors of risks: say no to FOMO 4. TRM Labs: North Korean Hacker stole more than $500 million in digital assets in 2023 5. Solmash opened staking for 15 hours, and the amount of SOBB Token pledged exceeded 220 million

Where will AVAX go next??? Come and take a look!👀

Bullish Trend Ahead: A rise in Fantom (FTM) signals the potential for a strong rally to $0.65 In the last 24 hours, FTM has experienced a significant spike of 9%, pushing its price to the $0.50 level. This upward momentum has fueled optimism in the market, with the potential to propel FTM to a yearly high of $0.65. Crypto analyst Ali Martinez shares insights into Fantom's future. Martinez emphasized that FTM trading above the key resistance level of $0.47 means a significant bullish turning point. In addition, analysts note that no significant hurdles are in sight until the $0.65 level. As long as FTM stays above this key level, Martinez predicts a strong rebound for the coin. With FTM breaking through the $0.47 resistance level, the foundation was set for further gains. There are no major hurdles before the $0.65 mark, which provides an encouraging backdrop for FTM's potential upward trajectory. Analyst Ali Martinez's assessment reinforces the belief that as long as FTM remains above $0.47, investors should be prepared for a strong rise in the token's price. In recent weeks, Layer 1 (L1) blockchain protocols have taken center stage in the cryptocurrency community. Coins such as Injective (INJ), Kaspa (KAS), Avalanche (AVAX), and Solana (SOL) have outperformed major cryptocurrencies. However, in the midst of this L1 spike, Alpha Scan highlighted that Fantom has already emerged with impressive emotional intensity, capturing the attention of market participants and further supporting the protocol's native token price surge. According to a recent article published by sentiment analysis firm X (formerly Twitter), an analysis of social media conversations revealed that a staggering 61% of monthly mentions to FTM occurred in the last 7 days. The sudden spike in mentions starting on December 9 indicates an increase in interest and positive sentiment towards the token. Over the past 30 days, 28 key customers have actively discussed FTM, further emphasizing their growing importance. Notably, 20 of these key accounts have highlighted FTM in the last 7 days, reflecting an increase in attention and engagement in a relatively short period of time. Key customer engagement ratios over the past week indicate a clear uptick in interest and potential market influence. According to the data, in addition to the buzz on social media around the protocol and its native token, Fantom's market capitalization has reached about $1.38 billion, an increase of 18.47%. This surge reflects the growing demand for FTM and its expanding market share. In terms of revenue, the token has seen a significant increase, with a 30-day revenue increase of 734.11% to $171.73k. In addition, the annualized revenue soared to $2.09 million, a significant increase of 813.75%. In addition, Fantom's fully diluted market capitalization is about $1.57 billion, a significant increase of 43.39%. This growth further strengthens the market's confidence in the prospects of the agreement. When considering the performance ratio, the calculated value of the P/F ratio (complete dilution) is 203.80x, while the reported value of the P/S ratio (full dilution) is 679.33x. Although both ratios are down 82.8%, it still indicates that Fantom is valued at a high level relative to its performance. (Source: Ronaldo Marquez)

Avalanche will release 9.5 million tokens, which could start a new rise Projects involved in this Token Offering include Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP) and SUI. Avalanche is strategically targeting strategic partners, team members, and Airdrops to maintain a balance between long-term commitments and potential short-term sell-offs. Avalanche is scheduled to launch on February 22 and is expected to issue 9.5 million Tokens worth about $320 million. Similarly, Aptos is preparing to issue 24.8 million Tokens worth about $233 million on February 11. Aptos' issuance strategy is designed to ensure market stability while promoting community participation. These established Tokens are about to be released, putting the crypto community on high alert. Investors and analysts are closely watching developments with excitement and caution. While there is a lot of anticipation for the Token Launch, there is also a sense of caution among market participants as they assess how the supply surge could affect project valuations and overall stability. Avalanche (AVAX) has caught the market's attention recently with an impressive price performance, rising 470% after breaking above the Bear Market downtrend line on November 1. Recent analysis suggests that AVAX is currently facing resistance from the descending trend line from the December highs, which could lead to price rejection and subsequent declines. If this correction means the beginning of a protracted Bull Market phase in Avalanche, then the support level around $20 (consistent with the 0.5 to 0.618 Fibonacci retracement level) may come into play. After this correction phase, the AVAX may start a new rise, surpassing its all-time highs. Meanwhile, AVAX has grown exponentially in the last year, and according to the data, it is now the sixth-largest Decentralized Finance chain. Artificial intelligence (AI)-based price prediction models predict that the price of AVAX Token will soar by more than 500% from current levels, reaching more than $200 by early 2025. It is important to note that AVAX's previous token unlock on November 23 did not cause significant price fluctuations. However, in pre-unlock expectations, the Token price fell 16% from nearly $23 on November 20 to $19 at launch. This historical precedent underscores the importance of closely monitoring market dynamics during Token Offering activity. Market participants should exercise caution and carefully consider the potential impact of these developments on their investment strategies. (Source: Christian Encila)