Avalanche (AVAX) takes a step to support the DeFi ecosystem, followed by which AVAX price hit new ATH!
Cosmos (ATOM) and FTX Token (FTT) Prices broken crucial support zones, readying for the next bull rally
After the recent general bearish market, Bitcoin and some other altcoins are back on track. A bullish start saw Bitcoin price is back to $48k and some altcoins broke above crucial resistance levels. We have got up with three promising projects Avalanche (AVAX), Cosmos (ATOM) and FTX token. These altcoins have shown a massive uptrend in recent days and attracting the community with their events and collaborations. Let’s dive and discover what they have got on their bags.
Avalanche on 16th September 2021, announced on Twitter that Polychain capital and Three Arrows Capital is leading a $230 investment in the Avalanche public blockchain platform. They are accompanied by R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital. This resulted in a massive AVAX price surge. Followed by an announcement Avalanche price hit ATH $68.84 on September 17th 2021.
The Singapore-based platform Avalanche, which oversees the blockchain’s ecosystem, will utilise funds to subsidize DeFi projects, and other applications developed on the Avalanche blockchain. Some of the updates are in the pipeline, stay updated with us to know more.
At present, the AVAX price is trading at $62.66 going through some consolidation. If the price breaks out at a major resistance level at $68.84 then AVAX has the strong possibility to make its run towards $100 in this last quarter of 2021. If it fails to do so, the immediate support level is at $60.81 and the next major support level is at $48.61.
Cosmos ecosystem recently experienced a big impulse wave with a much-awaited breakout. The uptrend momentum initiated on 7th September 2021. On 10th September Terraform Labs has announced Project Dawn, a $150M funding initiative to support Cosmos Core techs such as cosmossdk, Tendermint Core, and CosmWasm. Followed by this announcement Cosmos (ATOM) price skyrocketed to hit new ATH $33.61.
The Cosmos network further showing interest to assist developers in the creation of interoperable blockchains to keep up the ATOM price momentum. At present, with an uptrend, the price is trading at $36.19 at the press time. Provided upgrades happen on time, and if market sentiment supports in the 4th quarter, then ATOM price may boom to new milestones!
FTX token emerged as one of the best-performing assets this year. Since the start of the year, FTX has grown its market share from 1.5% in January 2021 to 5.7% in August 2021. The present trend is stronger than ever as FTT price hit ATH $79.87 on September 9th, 2021. At present the FTX token price experiencing some pullback to find a strong support zone around $70.
With some projects on pipeline, the FTT token is set to flourish in the next bull cycle that is expected to happen in quarter 4. Currently, with some downtrend, the FTT price is trading at $63.66. If the price finds support at $61.25, then the FTT price may shine in the upcoming bull rally. If it fails the next strong support level is between $38 to $42.
Jason Pizzino, crypto educator predicts Avalanche (AVAX), Cosmos (ATOM), and FTX token (FTT) has got the potential to drive the bull momentum in Q4.