HomeNewscoinquora.comAvalanche and Elrond Hit ATH Amid Bearish Market

Avalanche and Elrond Hit ATH Amid Bearish Market

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  • Avalanche reaches its new all-time high of $64.87.
  • Likewise, Elrond hit its new ATH of $264.05.

Today, Avalanche set its new all-time high of $64.87. Likewise, Elrond hit its new ATH of $264.05. Notably, the two coins have remained on an upward trend despite the current bearish market.

On another note, it is known that Bitcoin and Ethereum are two of the biggest flag-bearers for the overall crypto space. However, they have severe utility and network issues that are still not addressed. As a result, prices remain extremely volatile, thus, affecting the entire crypto community. Hence, the crypto bear market is clearly still going.

Avalanche (AVAX)

AVAX
AVAX Chart | Source: Tradingview

Avalanche has been performing well. In fact, three weeks ago, Coinquora reported that Avalanche gained over 350% in a month. More so, it states in the same article that it is moving towards a new ATH. Clearly, AVAX’s chart today shows that it even surpassed CoinQuora’s analyst’s expectations.

AVAX has shown a great performance in the past few weeks despite the wild market swings of the crypto world. There are a lot of things to look forward to, such as AVAX ‘s improved liquidity via exchanges. Not only that, but AVAX also has its new NFT marketplaces and 273 projects in 11 months.

To highlight, AVAX is partnering with Kyle Roche, a co-founder of litigation boutique Roche Cyrulink Freedman. Based on sources, Ava Labs and Republic Advisory Services will launch an initial litigation offering (ILO) soon.

According to CoinMarketCap, AVAX is trading now at $63.12 with an increased rate of +26% in the past 24 hours.

Elrond (EGLD)

Meanwhile, Elrond recently had several integrations. Based on the reports, XP network’s latest cross-chain NFT bridge is now live and available on the Elrond public devnet. A direct integration of tokens into Elrond’s protocol will maximize the efficiency of minting and transferring new tokens.

Also, Elrond Network teamed up with Copper recently. Of note, Copper is a leading digital gateway provider of the crypto asset space for institutional investors. In addition, they shared on twitter that a new Ledger Manager app version for Elrond Network has been released.

Through this good news, EGLD has been soaring up continuously. As a result, it has gained 11.60% in the last 24 hours and currently trades at $264.67.



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