Avalanche Price Up By 9% – Time to Buy AVAX Coin?

• Storage platform for Web3 offers Avalanche users a 20% discount on enterprise and custom plans, encouraging investors to buy AVAX
• The crypto market is trading in the greens with live market cap of $1.67 trillion, and up by 4.04%
• Avalanche provides infrastructural framework for 1inch Network’s faster and cheaper transactions

Avalanche is trading in greens as the entire crypto market is set on moving out of bearish tendencies. The crypto market has been up by 4.045 in the last 24 hours, trading with a live market cap value of $1.67 trillion. Avax is also hitching this bandwagon with a 95 increase in the last 24 hours, moving investors to buy AVAX.

The crypto asset has established strong support levels at $55 and is making an effort to establish higher resistance prices as the market transitions to a bullish one.

Avalanche is an all-inclusive blockchain that reduces transaction costs, increasing speed and eco-friendliness without compromising on security and decentralisation.

The Avalanche blockchain uses three blockchains, with each focused on a specific task instead of one. The layer one blockchain comprises the Platform Chain (P-Chain), the Exchange Chain (X-Chain) and the Contract Chain (C-Chain).

The distribution of tasks helps to provide optimal performance of the network and improve its agility, making Avalanche a solution to many problems shortchanging other blockchains.

Avalanche is a solution to many blockchain’s problems but the network continues to make integrations and improvements which improve its fundamental value, thus encouraging investors to buy AVAX.

Pinata launches Discounted Subscription offer for Avalanche users

Leading Web3 multimedia storage platform, Pinata has launched a limited subscription offer of up to 20% for Avalanche users which is available for three months starting on January 25, 2022.

The discount is only applicable to users who subscribe to its custom and enterprise plans for a year. The enterprise plan features unlimited storage, 100 GB of bandwidth per month, a dedicated gateway and submarining.

The features available on the enterprise plan such as a dedicated gateway helps creators store and serve on an Interplanetary File System (IPFS) as fast as possible.

The dedicated gateway gets rid of rate-limiting, a common hindrance on public IPFS gateways, and increases content fetching speed from IPFS.

The submarining feature allows users to make an IPFS file upload privately from the public network. This feature increases the capability of users to attach data to an NFT and control who views it.

1inch expands to Avalanche

The 1inch network has announced its aggregation protocol on the Avalanche blockchain to expand its capabilities into the DeFi industry.

The expansion aims to offer 1inche users the best deals available in the blockchain and provides cheaper and faster transactions.

The Avalanche network is a fast-growing cross-chain network and 1inch intends to launch several protocols on the AVAX blockchain. Some of these protocols include 1inch Limit Order Protocol, Aave, Baguette, Canary Exchange, SushiSwap, Trader Joe and Pangolin.

Avalanche Technical Analysis

The Avalanche utility token is making an upscale in price as the asset trades at $68.26. The asset is on an upward trend from the 61.8% Fibonacci retracement level of $60.85 and has surpassed the 23.6% Fibonacci retracement value of $65.95%. This price behaviour is a strong motivation for investors looking to buy AVAX.

The 100-hourly simple moving average (SMA) value of $71.79 shows that the asset is bearish but is progressing to ride bulls once again.

The moving average exponential (EMA) value of $65.96 shows that Avax is already making headway towards moving out of a bearish market.

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