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The Avalanche price has pumped by 31% in the last seven days to trade at $42.2 as of 2:00 a.m. EST.
The token has now flipped Dogecoin (DOGE) to become the ninth ranked crypto by market cap.
CoinShares reported last week that AVAX attracted $2 million in inflows into investment products the prior week and sentiment toward the token also was boosted by last month’s announcement that JP Morgan’s blockchain Onyx used an Avalanche subnet for proof-of-concept testing.
🟢 As inflows continue for a 11th straight week, blockchain equities are experiencing their largest inflows!
🗓 Week 50 inflows: US$43m
📈 Blockchain Equities: US$126m inflows– #Bitcoin –
🟢 $BTC: US$20m inflows
🟢 Short-bitcoin: US$8.6m inflows🔎 Inflows on short-bitcoin… pic.twitter.com/hhRkuuSqBo
— CoinShares (@CoinSharesCo) December 11, 2023
Avalanche Price Prediction
Looking at 30-minute AVAX/USD charts, the Avalanche price is currently in range with the possibility of a break out on either side. This is seen as the Relative Strength Index indicator moves north while the MACD moves in the red zone, displaying uncertainty between bulls and bears.
However, looking at the 50-period moving average, which has exceeded the 200-period moving average, showing buying pressure, a bullish breakout is much more likely.
30-minute AVAX/USD charts | Source: TradingView
Meanwhile, as the future trajectory of the Avalanche price remains uncertain, TG.Casino’s TGC token, currently in presale, holds the potential for more explosive gains.
The presale has now amassed over $4.2 million of its $5 million target, showing great investor confidence in the project. Crypto analyst Eric Stevens is bullish on the token and sees it emerging as a competitor to the industry giant Rollbit.
A month ago, influenced by others bullish sentiment, I impulsively invested in TG Casino. However, concerns arose about it possibly being a scam, making me hesitant to share. After a month of engaging with the team and receiving thorough reassurances, I'm now comfortable stating… https://t.co/jJs9tTK5bo
— Erik Stevens 🐆 (@IHunt100xGems) November 16, 2023
Avalanche Price Prediction: Should You Choose TGC Over AVAX?
The presale is nearing completion, with only a few tokens remaining and fundraising is accelerating as it approaches the predetermined hard-cap objective.
The current value of the TGC coin stands at $0.19, with another price hike coming in less than five days. Having already secured over 80% of the presale allotment, the TGC coin is now a highly coveted asset in the cryptocurrency market.
TGC offers fee-free passive income through staking and enhanced onboarding and usability. Participants in the presale can also promptly stake their TGC tokens, enjoying an impressive Annual Percentage Yield (APY) of 153.03%.
Whales are snapping up TGC, with a substantial purchase of 14 ETH worth of TGC on December 7th, showcasing significant interest in the token.
HUGE buy of just under 14 ETH came into $TGC recently🤯
Let em cook! pic.twitter.com/shkt69Kh59
— TG Casino (@TGCasino_) December 7, 2023
User Growth Strategies
TG.Casino’s aggressive growth is fueled by enticing offerings, such as a 200% rakeback bonus and net repayment on losses for TGC token holders. Additionally, enabling bets with popular cryptocurrencies like Tether, Ethereum, and Bitcoin is expanding the platform’s user base.
Prospective investors are urged to act promptly as TG.Casino approaches its $5 million hard cap goal.
The platform’s rising popularity and promising outlook are evident in the consistent increase in funding and the influx of whale purchasers. Considering these factors, the new TGC token emerges as a compelling investment choice, especially as the Avalanche price trajectory remains uncertain.
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