- Avalanche network showed continued growth through the fourth quarter of 2022.
- Intain launched an Avalanche subnet.
- Prices went up by nearly 25% in the past 7 days.
Per the announcement made by Avalanche (AVAX), it will broadcast Intain as the first institutional subnet for the issuance and trade of asset-backed securities on-chain. Intain is a structured finance and administration platform that mainly deals with debt capital markets. Institutional adoption is an important development for Avalanche as it marks a significant milestone for the network in terms of institutional demand.
The Avalanche team also launched two subnets, Dexalot and XanaChain and two subnet upgrades, Elastic Validation and Avalanche Waro Messaging (AWM), in the final quarter of 2022. The upgrades were made on the Avalanche Mainnet, which allowed anyone to become a subnet validator by staking the subnet token.
The first institutional Subnet is here!
.@IntainFT, a structured finance platform that facilitates administration of $5.5B in assets, is launching IntainMARKETS, an on-chain marketplace for tokenized asset-backed securities.
Let's take a look at why Intain #ជ្រើសរើសអ័ព្ទ /
pic.twitter.com/yFGqLIasD1
- ផ្ទាំងទឹកកក
(@avalancheavax) ខែមករា 31, 2023
រូបភាព
នេះ អេវ៉ាអេច prices formed a rising regression channel with a rise of about 25% in the past 7 days and 13% in intraday. The volume showed a blend of buyers and sellers taking advantage of the price surge. The OBV shoots up displaying the present pressure to be positive. The EMA ribbon lies below the price action white forming a possible bullish crossover (green circle). The price rally may face seller’s resistance near $23.26.
The CMF moves horizontally to the zero-mark to depict a neutral market. The MACD descending buyer bars as the lines move closer to convergence. The RSI oscillates about the 70-range to show remaining buyer pull. The market shows prices to witness a staggered rise as the sellers participate at various levels to book profits.
Peephole
The 4 hour time frame shows AVAX prices interacting with the sellers who are reacting to the price rally. The CMF rises above from the baseline to indicate approaching bulls. The MACD diverges with it recording tall buyer bars in the region above the zero-histogram mark. The RSI shoots to the ceiling ranges to show improving buyer interest.
សន្និដ្ឋាន
The AVAX prices showed a rising trend due to institution adoption and enhanced performance in the fourth quarter. The platform matured with the rollout of substantial upgrades to subnets, comprehensive partnership with strategic partners. The price may witness resistance near $23.26, respecting the previous swings.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/02/02/avax-triumphs-in-q4-new-institutional-hosting-to-uplift-prices/