August 2024 Crypto Update: AVAX Price Jumps Over 16% — What’s Behind the Rally?

Avalanche (AVAX) is up 45% in the past two weeks. Positive news boosted bullish sentiment around the coin. This article explores the key drivers of this uptick and discusses further prospects.

Avalanche (AVAX) Price Analysis: Long-Awaited Recovery, New Highs Ahead?

After spending almost six months in a downward trend, Avalanche (AVAX) is starting to show signs of turning things around. Earlier this month, Avalanche (AVAX) hit a nine-month low at $17.29. Since then, it has bounced back, growing by 45% in just two weeks, and is now priced at around $25.25

Several recent developments have helped boost the price of Avalanche (AVAX). Upcoming changes to the token release schedule could reduce selling pressure and support the price. On August 22, two announcements also brought positive attention to Avalanche (AVAX). The launch of the Grayscale Avalanche Trust should simplify getting involved with the Avalanche network. Franklin Templeton’s expansion of its blockchain fund to include Avalanche (AVAX) has boosted optimism around the coin.

The recent price rise of Avalanche (AVAX) matches the good news from Grayscale and Franklin Templeton. If more people buy Avalanche (AVAX), it could break through the $25-$27 range and reach $28-$33. Watching how the market reacts and how much is bought will help predict what happens next.

Minotaurus (MTAUR): An Alternative Opportunity While Avalanche (AVAX) Grows

As Avalanche (AVAX) shows signs of a comeback, now could be a good time to lock it in. And for diversification purposes, it doesn’t hurt to look at other promising assets. One emerging opportunity is Minotaurus ($MTAUR), which is now in presale. Tokens are available at $0.0000557 each, which is 72% lower than the future listing price. Minotaurus ($MTAUR) combines blockchain with casual gaming. The casual gaming market grows by 9% yearly (Statista), showing strong potential for the project.

The $MTAUR token can be used for many things within the game. Holders can personalize their characters, unlock premium features, and join special mini-games. Plus, there are referral and vesting incentives for community members. Minotaurus ($MTAUR) is also focused on security. The smart contract has been thoroughly checked by SolidProof and Coinsult.

This presale is key to building a strong community around Minotaurus ($MTAUR). The project is supported by a team with experience in gaming and blockchain. It has all it takes to become an exciting prospect in these growing sectors. As the low-priced token pool is scarce, it makes sense to embrace this opportunity early. The presale unfolds on the website.

Conclusion

AVAX is showing promising signs of recovery and testing important price levels. Meanwhile, the $MTAUR presale emerges as a compelling alternative. With its fundamentals, low entry, and holder perks, it could have a lot to offer.