DeFiBrief
Avalanche Native Token Rises Nearly 50 Percent Over Four Weeks
The AVAX token outpaced gains in major cryptocurrencies such as Bitcoin and Ether over a four-week period despite a slight weekly decline.
FTMQ Crypto, written by our newsroom0 views
The AVAX native token of the Avalanche network gained nearly 50 percent over a four-week period, outpacing market returns for both Bitcoin and Ether. The Defiant, Pluang, and Crypto Briefing all reported the price increase. [1][5][6]
The token retained its performance lead over the four-week timeframe despite experiencing a 1.7 percent decline over the most recent week, according to The Defiant. [1]
During the same four-week period, Avalanche modified its network parameters by shortening the minimum commitment requirement for validators, The Defiant reported. [1]
The bitcoin protocol relies on a peer-to-peer decentralized network and a public blockchain ledger. Thailand has set an October 16 start date for rules governing Bitcoin and Ether exchange-traded funds, according to reporting by CryptoDaily and TOKENPOST. [3][4][8]
In short
- AVAX gained nearly 50 percent over four weeks, beating Bitcoin and Ether gains.
- The AVAX token fell 1.7 percent during the most recent week.
- Avalanche shortened the minimum commitment time required for network validators.
- Thailand scheduled an October 16 effective date for Bitcoin and Ether ETF rules.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]AVAX Gains Nearly 50% in Four Weeks, Outpacing Bitcoin and EtherThe Defiant, 3h ago (the report this story comes from)
- [2]Sberbank Tests Bitcoin, Ether and USDT Trading Inside Its Banking AppCryptoDaily, 13h ago
- [3]Thailand Finalizes Bitcoin and Ether ETF Rules Ahead of October 16 StartCryptoDaily, 12h ago
- [4]Thailand SEC Sets Oct. 16 Start for Bitcoin and Ether ETF RulesTOKENPOST, 22h ago
- [5]Avalanche (AVAX) jumps nearly 50% in four weeks, beating Bitcoin and Ether gains.Pluang, 2h ago
- [6]Avalanche’s AVAX gains 50% in four weeks, outpacing Bitcoin and EtherCrypto Briefing, 3h ago
Background
- [7]Brent Weeks on Wikipedia
- [8]Bitcoin protocol on Wikipedia
Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Crypto
Earlier reports of ours on the same people and subjects.
- Cardano Native Token ADA Surges 12 Percent to Five Month HighAltcoins, 6d ago
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