{"id":85631,"date":"2023-11-17T06:11:22","date_gmt":"2023-11-17T11:11:22","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-avalanche-avax-price-surges-70-as-a-new-telegram-casino-project-launch-approaches\/"},"modified":"2023-11-17T06:11:25","modified_gmt":"2023-11-17T11:11:25","slug":"is-it-too-late-to-buy-avalanche-avax-price-surges-70-as-a-new-telegram-casino-project-launch-approaches","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=85631","title":{"rendered":"Is It Too Late to Buy Avalanche? AVAX Price Surges 70% as a New Telegram Casino Project Launch Approaches"},"content":{"rendered":"<div>\n<p><noscript><\/noscript><\/p>\n<p>The AVAX price has dropped by 7% in the past day and by 2% in the last hour, as the cryptocurrency market loses some of its recent gains in a selloff today.<\/p>\n<p>Despite the decline, AVAX remains up by an impressive 70% in the past week and by 138% in a month, making it one of the best-performing major tokens over these periods.<\/p>\n<p>Yet it seems that traders are taking profits today in the face of potential delays to two Bitcoin ETF applications, with AVAX likely to fall along with most other coins.<\/p>\n<p>However, there are various newer cryptocurrencies that could rise strongly even amid a sluggish market, with TG.Casino\u2019s increasingly successful presale indicating that it could enjoy some big exchange listings.<\/p>\n<h2>Is It Too Late to Buy Avalanche? AVAX Price Surges 70%<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Even with today\u2019s slippage, AVAX remains in a strong position with ongoing momentum, as signalled by its indicators.<\/p>\n<p>Its RSI (purple) has returned to 80 after dipping a little earlier in the week, showing substantial buying pressure.<\/p>\n<figure id=\"attachment_132781\" aria-describedby=\"caption-attachment-132781\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-132781\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>At the same time, the coin\u2019s 30-day average (yellow) has just crossed over its 200-day (blue), a sign that a breakout rally is currently beginning.<\/p>\n<p>One of the most bullish signs you can see on the chart above is AVAX\u2019s trading volume, which has risen from a lowly $140 million in mid-October to around $2 billion today.<\/p>\n<p>Needless to say, this reveals some considerable demand for AVAX, with much of this likely coming from whales.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A whale deposited 449,668 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a>($10.3M) to <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> 1 hour ago, and would have realized a profit of ~$3.8M if sold.<\/p>\n<p>The whale withdrew 534,669 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a>($7.72M) at $14.45 from <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> on Nov 23&amp;24, 2022 and June 6, 2023. <\/p>\n<p>Currently holds 85K <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a>($1.95M).https:\/\/t.co\/oauYfoAaMN <a rel=\"nofollow\" href=\"https:\/\/t.co\/7SkDIftZdW\">pic.twitter.com\/7SkDIftZdW<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1725136687783903684?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>Traders should be mindful, however, that some whales may be preparing to sell, given the rises AVAX has enjoyed in the past couple of weeks.<\/p>\n<p>This perhaps accounts for why AVAX (along with most other coins) has fallen today, yet the medium- and long-term direction of the coin continues to be: up.<\/p>\n<p>Indeed, the market had oversold AVAX for too long prior to recent rallies, with the coin\u2019s fundamentals among the strongest in the market.<\/p>\n<p>For instance, Citigroup used the Avalanche network as part of a trial into using blockchain tech for FX trades, a sign of the considerable adoption AVAX is likely to attract in the coming months and years.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Citi has tested the use of blockchain infrastructure to price and execute simulated FX trades on Avalanche Evergreen Subnets.<\/p>\n<p>This Proof of Concept from <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Citi?ref_src=twsrc%5Etfw\">@Citi<\/a> is part of Project Guardian, a collaboration by the Monetary Authority of Singapore (MAS) &amp; the financial industry. \ud83e\uddf5\ud83d\udc47 <a rel=\"nofollow\" href=\"https:\/\/t.co\/dVnmfG562r\">pic.twitter.com\/dVnmfG562r<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avax) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/avax\/status\/1725121752236200015?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>For this reason, the AVAX price will continue rising after the current blip, reaching $30 by the first few weeks of 2024.<\/p>\n<h2>New Telegram Casino Project Launch Approaches<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Given that AVAX may have to fall a little before returning to growth, some traders may opt invest in other coins at the moment.<\/p>\n<p>If they do so, one promising area in terms of profit relates to presale tokens, which can on occasion rally big when listing on trading platforms.<\/p>\n<p>And one of the most promising presale coins available now is TG.Casino (TGC), a decentralized gambling platform that has raised more than $2.2 million in its offering.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A few weeks back I invested some shekels into <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TGCasino_?ref_src=twsrc%5Etfw\">@TGCasino_<\/a> and recently added a bit more after learning that the team successfully KYC&#8217;d. Since their licensed casino launched end of September, they&#8217;ve already crossed 2000 players with over $16 Million wagered across thousands of\u2026 https:\/\/t.co\/5pf5OcQdu0 <a rel=\"nofollow\" href=\"https:\/\/t.co\/L9WCCQBxso\">pic.twitter.com\/L9WCCQBxso<\/a><\/p>\n<p>\u2014 D\u014dgen (@realdogen) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/realdogen\/status\/1725319135419314317?ref_src=twsrc%5Etfw\">November 17, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>Having already launched its casino, TG.Casino has now processed over $16 million in bets, a solid figure for such a young project.<\/p>\n<p>Helping its early growth is the fact that it operates on Telegram, which it has tapped into in order to help it grow out its community.<\/p>\n<p>Its Telegram channel now accommodates over 6,000 members, who likely count as users and investors in TGC.<\/p>\n<p>As a casino platform, TG.Casino now runs a wide variety of experiences, from classic card games to wagers on professional sports.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You have $1000 to split between 5 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Evo_global?ref_src=twsrc%5Etfw\">@evo_global<\/a> games.<\/p>\n<p>Which games are you playing and how are you splitting the $1000? <a rel=\"nofollow\" href=\"https:\/\/t.co\/X1h0upM3KL\">pic.twitter.com\/X1h0upM3KL<\/a><\/p>\n<p>\u2014 TG Casino (@TGCasino_) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TGCasino_\/status\/1724956746119021017?ref_src=twsrc%5Etfw\">November 16, 2023<\/a><\/p>\n<\/blockquote>\n<p>It therefore has a considerable edge over rival platforms, with interested investors able to buy TGC by visiting\u00a0the official TG.Casino website.<\/p>\n<p>1 TGC now costs $0.156, with this presale price set to rise again in under five days, and also potentially surge once the sale ends and the token lists.<\/p>\n<p><strong>Visit TG.Casino Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/is-it-too-late-to-buy-avalanche-avax-price-surges-70-as-a-new-telegram-casino-project-launch-approaches.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AVAX price has dropped by 7% in the past day and by 2% in the last hour, as the cryptocurrency market loses some of its recent gains in a selloff today. Despite the decline, AVAX remains up by an impressive 70% in the past week and by 138% in a month, making it one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":85632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-85631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is It Too Late to Buy Avalanche? 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