.png){kind=logo}
August has proven to be a tough month for the crypto realm, with several tokens in the red. With Bitcoin dipping below $60,000 on August 3, a ripple of fear has surged through the trading floors, casting a glow on other emerging digital currencies.
Ripple (XRP) and Avalanche (AVAX) are not left behind, each notching weekly losses of 9-19%, hinting at a greater market dump. Amidst this upswing, there’s buzz around Pawfury (PAW), which is turning heads with its promising presale and the allure of lucrative returns - an optimism that feels like a rare find in the typically erratic crypto waters.
Even so, amidst the current bearish rhythm, there’s the awareness that the market can change quickly.
Pawfury (PAW) is quickly establishing itself as the new crypto superstar in the market. With its dynamic presale rewards, Pawfury (PAW) offers significant benefits to its holders. The strong and growing community backing this coin, coupled with ongoing development efforts, showcases its immense growth potential. As an innovative and strategic investment option, Pawfury (PAW) is attracting widespread attention from investors looking for high returns in a competitive landscape. This emerging superstar is set to dominate the crypto market, promising robust growth and long-term success.
Token Distribution Benefits for Early Pawfury Investors Pawfury’s presale is crafted to ensure fair token distribution and provide benefits to investors. Featuring multiple stages with increasing prices, the structure rewards early participants with lower token costs. This model not only builds excitement but also attracts capital, enhancing liquidity and market stability.
To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “EXTRA10X” for a limited time.
The crypto market began the week on the uptrend, before things took a negative turn around July 30. Amid several bullish catalysts, the Ethereum ETFs capital outflows triggered intense volatility as the week unfolded.
This underwhelming price performance is linked to a recent report showing that the XRPLedger network struggled to gain traction in Q2 2024. The volume of transactions on the XRP Ledger (XRPL) fell significantly from the first quarter to the second quarter of 2024, with the average transaction cost surging.
Technically, Ripple (XRP) is threading through a maze of market indicators. Presently, it's trading with an upward gaze, nestled between $0.5301 juncture and $0.6000. The next resistance level at $0.556 looms above, presenting a tempting target for bullish traders. Its momentum is further underlined by the MACD oscillator stalling at $0.5301, suggesting a potential for a continuation of the current trend.
Avalanche price has faced brutal downward pressure in the past couple of weeks despite improving fundamentals and overall market conditions. The price began dropping on July 22 and continued to August with the token 19% down in the past week.
The AVAX price chart shows a downward trend since reaching a high of around $65.39, as indicated by the lower highs and lower lows. The price consistently trading below the 200-day EMA (black line) and 50-day EMA (green line) also confirms the downtrend.
The current key support level for Avalanche price is around $24, which coincides with previous lows. A break below this would pull AVAX price even lower to $20, a 21% drop from the current price. Conversely, the resistance is around $28.65 (50-day EMA) and $32.29 (200-day EMA).
August has provided a bearish tale in the crypto markets, as Bitcoin's price dip has affected altcoins Ripple (XRP) and Avalanche (AVAX). Pawfury represents a different option with its lucrative presale, low entry cost, and 10% extra bonus.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
