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- A popular analyst predicts a potential 200% surge for AVAX, indicating bullish momentum ahead.
- Avalanche’s ecosystem expansion includes ContinuumDAO integration and Alchemy Protocol support.
Over the past several days, Avalanche (AVAX) has seen a sideways trend suggesting a slowing down in the bearish pressure that has prevailed since June.
Popular crypto analyst Captain Faibik indicated in a recent tweet that AVAX has bright future prospects and might rise by more than 200%. The chart he presented shows AVAX’s price looking to be at the tail end of a falling wedge pattern, at the end of a correction phase.
$AVAX looks Extremely Promising for Aug-Sep..!!
Expecting Another +200% Bullish Rally similar to Nov-Dec 2023. 🔥📈#Crypto #AVAX #AVAXUSDT pic.twitter.com/cq8YFgeCQj
— Captain Faibik (@CryptoFaibik) July 13, 2024
Avalanche’s Expanding Ecosystem Amid Bullish Projections
According to Faibik’s analysis, the token has a quite bright future for August and September. This event should reflect the historical performance from November to December 2023. Avalanche keeps expanding its ecosystem, even if the pricing is very slow in the middle term.
A prior CNF publication reported that ContinuumDAO has merged with the Avalanche ecosystem to take advantage of the quick transaction finality and network scalability. This connection increases the Avalanche network’s reach into the Web3 space.
We have also already highlighted the release of the Alchemy Protocol supporting Avalanche, which is C-chain. This growth will improve the Avalanche network’s adoption and capacity. Moreover, the MMORPG game developed on the Avalanche network, Spellborne, has attracted a lot of attention, with about 100,000 registered players.
Should investors focus more and more on this network, Captain Faibik’s analysis could very well come to pass. A possibly bright future for AVAX is indicated by the ongoing expansion and integration inside the Avalanche ecosystem, together with possible bullish patterns and increasing interest from projects and users.
Meanwhile, the AVAX price at the time of writing is roughly $26.08, having increased by 3.53% over the last 24 hours, according to CoinMarketCap data. It also shows the 2.10% recent seven-day bullish position.