Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Avalanche A ‘Key’ Network To Watch, Analytics Firm Says Why

by SB Crypto Guru News
January 17, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


The market intelligence platform IntoTheBlock has explained why Avalanche (AVAX) could be a key network to watch in the cryptocurrency sector.

Avalanche Has Been Witnessing Consistently High Activity Recently

In a new post on X, IntoTheBlock has discussed about how two network-activity related metrics have been like for Avalanche recently. The indicators in question are the Active Addresses and New Addresses.

The first of these, the Active Addresses, measures the total number of AVAX addresses that are participating in some kind of transaction activity on the network every day. The metric includes both senders and receivers in its count.

The total unique number of active addresses can be considered equivalent to the unique number of users visiting the blockchain, so the indicator basically tells us about the level of traffic that the cryptocurrency is witnessing.

The other metric, the New Addresses, tracks the daily count of the wallets becoming active for the very first time. That is, it tells us about how many users are making their first transfers on the blockchain.

New addresses are generated whenever new investors join the network or old ones who had sold earlier return. They also arise when existing users create new wallets for privacy or reconsolidation purposes.

In general, all of these are occurring at once, meaning that some net adoption of the cryptocurrency could be assumed to be happening whenever the New Addresses registers a spike.

Now, here is the chart shared by the analytics firm that shows the trend in the two indicators for Avalanche over the past year:

Avalanche Address Metrics

Both of the metrics appear to have been at high levels in recent weeks | Source: IntoTheBlock on X

From the graph, it’s apparent that the Avalanche New Addresses and Active Addresses had both been following an overall downwards trajectory during 2024, until a sharp revival in activity occurred in December, where the metrics spiked.

This month, the indicators have seen even larger spikes, a potential sign that the adoption of the cryptocurrency is accelerating and investors are becoming increasingly engaged on the network.

The recent highs in the indicator have not only been higher as compared to last year, but in fact also higher than the peak of the 2021 bull market. “This positions the @avax network as a key one to watch, should more users enter the crypto market,” notes IntoTheBlock.

Historically, adoption is something that has proven to be constructive for cryptocurrencies, but the effects may only become apparent in the long term. High activity, on the other hand, tends to reflect immediately, as a large amount of users making moves provides for the perfect environment for volatile moves to occur in. Such volatility, however, isn’t necessary to be bullish.

AVAX Price

At the time of writing, Avalanche is trading around $40, up more than 8% over the last seven days.

Avalanche Price Chart

Looks like the price of the coin has been on the rise recently | Source: AVAXUSDT on TradingView

Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com



Source link

Tags: AnalyticsAvalancheBitcoin NewsCrypto NewsCrypto UpdatesFirmKeyLatest News on CryptoNetworkSB Crypto Guru NewsWatch
Previous Post

Swissquote Sees Better Than Expected Results Driven By Crypto Demand

Next Post

Golfin to Showcase Web3 Innovation at ‘Web3 Hub Davos 2025’

Related Posts

Corporate ETH Holdings Top B On ETH’s 10th Birthday

Corporate ETH Holdings Top $10B On ETH’s 10th Birthday

by SB Crypto Guru News
July 31, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Corporate ETH holdings have surpassed $10 billion...

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

by SB Crypto Guru News
July 31, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano founder Charles Hoskinson has made one...

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

by SB Crypto Guru News
July 31, 2025
0

The crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back...

XRP Price Consolidation Deepens – Resistance Still Capping Upside

XRP Price Consolidation Deepens – Resistance Still Capping Upside

by SB Crypto Guru News
July 31, 2025
0

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms...

Ripple: Tokenized Assets to Approach T by 2033—90% of Finance Leaders See Massive Blockchain Impact

Ripple: Tokenized Assets to Approach $19T by 2033—90% of Finance Leaders See Massive Blockchain Impact

by SB Crypto Guru News
July 31, 2025
0

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as...

Load More
Next Post
Golfin to Showcase Web3 Innovation at ‘Web3 Hub Davos 2025’

Golfin to Showcase Web3 Innovation at 'Web3 Hub Davos 2025'

Dogecoin’s Bullish Push Gains Steam, A Retest To alt=

Dogecoin's Bullish Push Gains Steam, A Retest To $0.4 Ahead

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.