What’s Going on With Avalanche, ATOM, Chiliz, Near Protocol, My NeighborAlice? BTC Faces Resistance at $50K

Toya Wentland

Bitcoin cost neared the $50k mark on August 21, as price ranges rose to intraday highs of $49,821 for the initial time given that Mid-May perhaps. Analysts forecast that Bitcoin could facial area resistance near the $50,000-$55,000 stages heading on. Konstantin Anissimov, CEX.IO, the executive director thinks the new selling […]

Bitcoin cost neared the $50k mark on August 21, as price ranges rose to intraday highs of $49,821 for the initial time given that Mid-May perhaps. Analysts forecast that Bitcoin could facial area resistance near the $50,000-$55,000 stages heading on.

Konstantin Anissimov, CEX.IO, the executive director thinks the new selling price rally is not indicative of a huge jump just still. “The next key resistance, for now, is at the $50,000 zone,” The top CEO says. However, stating that a resurgence of consumers previously mentioned the $50k mark could steer BTC cost towards a concentrate on of $55,000. At the time of producing, Bitcoin was viewed investing at $49,152.

Chosen Altcoin tokens this sort of as Avalanche (AVAX, + 27.21%), Cosmos (ATOM, +17.42%), Chiliz (CHZ, +10.99%), In close proximity to Protocol (Near, +34.60%), MyNeighborAlice (ALICE, +27.81%) had been found publishing major gains.

What’s Happening?

Avalanche (AVAX)
Avalanche is an open-supply system for launching DeFi purposes and company blockchain deployments in a person interoperable, hugely scalable ecosystem. Avalanche touts itself as ”the quickest good contracts system in the blockchain business, as measured by time-to-finality.”

AVAX has climbed greater since July 21 when it strike lows at $9.25. AVAX has marked the seventh consecutive working day in the eco-friendly considering the fact that Aug 15, a in the vicinity of 200% rally which led the price tag to highs of $50.92 on Aug 21.

A important value raise for AVAX stays the Avalanche Rush introduced on Aug. 18, a $180 million liquidity mining incentive plan released in conjunction with Aave and Curve that is developed to introduce far more apps and belongings to its increasing DeFi ecosystem.

Cosmos (ATOM)
Cosmos ATOM/USD is a decentralized ecosystem, designed of unbiased blockchains, where ATOM is the proprietary staking coin used by the network. ATOM, the native token of the Cosmos blockchain, has rallied drastically given that Aug.17 to mark the 5th consecutive day in the working day. ATOM is up 19.09% in the past 24 several hours and 52.07% weekly to trade at $22.51 as of press time.

Speaking on the ATOM climb, crypto analyst Scott Melker predicted that a clear break over the $17 resistance stage could be supplying “a very very clear sign that this is moving into a new uptrend.”

Chiliz (CHZ)
Chiliz (CHZ) is the digital asset for leisure and athletics, powering Socios.com, the world’s first blockchain-primarily based athletics system for lover engagement & rewards. On August 18, the Chiliz community saw an addition to its at any time-increasing Socios foundation, stating: ”We are incredibly proud to announce that 6-time champions @chicagobulls have joined the fam.”

Chiliz is established to see a big trade listing in the forthcoming 7 days which could impression its cost. Bitstamp crypto exchange declared it will be listing Chiliz along with Enjin coin on August 23. As of press time, Chiliz traded at $.39, up 10.43% on the working day.

In the vicinity of Protocol (Around)
Close to is a scalable, point out-of-the-art blockchain protocol targeted on usability for users and developers. The recent collaboration among Filecoin and In the vicinity of Protocol, which permits decentralized applications crafted on Close to to combine Filecoin-based mostly storage has served strengthen Around price tag.

Notably, Near has received practically 132% due to the fact when August 10 when the information of the collaboration was declared, increasing to highs of $5.99 on August 21. Modern events these types of as the start of the MetaBUIDL Hackathon collection (with a prize pool of $1M) have saved the rate heading. OP Online games, a World-wide-web3 job created on In close proximity to, is also established to revolutionize gaming by building video games that merge NFTs and DAOs to empower users to get manage of the game titles they enjoy.

My NeighborAlice (ALICE)
Gaming token, My NeighborAlice (ALICE) has registered an uptick of 29.88% in the final 24 hours and 31.80% on a 7-day basis. With a market place cap of $392million, ALICE was valued at $17 at push time.

On August 31st, ALICE token holders around the world will be capable to take part in an open playtest of a pre-alpha model of the activity in which gamers will be able to consider the introductory chapter of My Neighbor Alice.

Image Credit rating: Shutterstock

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