Token

Turbo

Olympic

Meme Games

Avalanche

The Avalanche price slumped 3% in the last 24 hours <a href="https://www.geckoterminal.com/avax/pools/0xd446eb1660f766d533beceef890df7a69d26f7d1" rel="noopener noreferrer nofollow">to trade at $26.36</a> as of 04:03 a.m. EST, with trading volume dropping 22% to $291 million.
This comes as the California Department of Motor Vehicles (DMV) digitized 42 million car titles on the Avalanche (AVAX) network as part of steps taken to modernize the state’s title transfer process with software development.
The development, spearheaded by Oxhead Alpha, will allow users to transfer vehicle titles in minutes without needing to go to an office or the weeks one had to wait in the traditional system.
DMV’s implementation is just an example of how blockchain can bring benefits and manage large databases in the public service sector.
<h2 id="avalanche-price-could-surge-over-the-28-08-resistance">Avalanche Price Could Surge Over The $28.08 Resistance</h2>
The Avalanche price tumbled on July 23 from the $32 resistance to the $26.26 support level, according to data from <a href="https://www.geckoterminal.com/avax/pools/0xd446eb1660f766d533beceef890df7a69d26f7d1" rel="noopener noreferrer nofollow">GeckoTerminal</a>. AVAX has since been fluctuating in highs and lows, forming a falling wedge pattern.
The price decline has resulted in the price dropping below both the 50-day and 200-day Simple Moving Averages (SMAs), which now work as the immediate resistance zones at $27.48 and $28.07.
Additionally, the Relative Strength Index (RSI) trades down towards the 30-oversold level, currently at 34 and tumbling, which shows that sellers have taken control of the price. The RSI also shows that the asset is undervalued, which may open up buying positions for investors.
<figure id="attachment_558941" aria-describedby="caption-attachment-558941" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-558941 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/WAVAX_2024-07-31_11-03-26.png" alt="Avalanche Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/WAVAX_2024-07-31_11-03-26.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/WAVAX_2024-07-31_11-03-26-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/WAVAX_2024-07-31_11-03-26-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/WAVAX_2024-07-31_11-03-26-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-558941" class="wp-caption-text">
 Avalanche Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
If the selling continues, the price of Avalanche may drop further, as the $24.84 zone acts as the immediate support level and a cushion against downward pressure.
However, if the bulls capitalize on the falling wedge pattern to stage a trend reversal, the token may soar past the $28.08 resistance (50-day SMA) and reach the current target at $30.67, a 16% increase from the current price.
The 50-day SMA crosses above the 200-day SMA, forming a golden cross at $26.75, which may increase the bullish prospects of the asset.
Moreover, with the RSI showing that the token is undervalued, investors may start capitalizing on this to buy the asset, pushing the token up.
As the AVAX price bulls search for buying signals to push the token up, other investors are rushing to buy the new Olympic Games-themed meme token <a href="https://insidebitcoins.com/visit/thememegames" rel="noopener noreferrer nofollow">The Meme Games (MGMES)</a>, which has already amassed over $302K in its new presale.
<h2 id="the-meme-games-ico-raises-over-302k">The Meme Games ICO Raises Over $302K</h2>
The Meme Games is an innovative and gamified meme token project that brings popular crypto meme characters Dogecoin ($DOGE), Pepe ($PEPE), DogWifHat ($WIF), Brett ($BRETT) and Turbo ($TURBO) into competition on the blockchain.
Such a unique concept rewards presale buyers with token bonuses for winning events, which adds an exciting competitive element for investors in the project.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 CRYPTO BREAKING NEWS The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. <a href="https://twitter.com/hashtag/partnercontent?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#partnercontent</a> check us out @ <a href="https://t.co/8dh137buUp" rel="noopener noreferrer nofollow">https://t.co/8dh137buUp</a> <a href="https://t.co/YwzyP2glE4" rel="noopener noreferrer nofollow">pic.twitter.com/YwzyP2glE4</a>
 — InnovatekMobile (@Neome_com) <a href="https://twitter.com/Neome_com/status/1813619814491177134?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 17, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Buyers of the token are allocated one of the five meme titans to race after joining the project, and are given a 20% chance to win a 25% bonus on the original investment.
Selecting a meme athlete takes place randomly and is verified by blockchain technology, which ensures fairness.
Token holders can also earn passively from the project’s staking mechanism by <a href="https://insidebitcoins.com/visit/thememegames" rel="noopener noreferrer nofollow">buying and staking $MGMES</a> for an impressive percentage yield (APY) of 760%.
According to 99Bitcoins, a prominent YouTube channel with over 706K subscribers, $MGMES could soar 100X after its launch.
<iframe title="New 100X Potential Meme Coin (The Meme Games) - Next PEPE Coin or BRETT?" width="640" height="360" src="https://www.youtube.com/embed/cZ3O1BiDxcs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
You can buy $MGMES tokens for $0.0091 each. But buy soon to lock in the best deal as a price hike will come in less than a day.
To join the presale, <a href="https://insidebitcoins.com/visit/thememegames" rel="noopener noreferrer nofollow">buy $MGMES from the official website here</a> using ETH, BNB, USDT, or a bank card.&nbsp;
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" rel="noopener noreferrer nofollow">Best Meme Coins to Invest in: Top Picks for Exponential Gains! 🚀</a></li>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve" rel="noopener noreferrer nofollow">Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/bitcoin-wallets" rel="noopener noreferrer nofollow">10 Best Bitcoin Wallets for Beginners – Store Crypto Safely</a></li>
</ul>

Avalanche Price Prediction: AVAX Slumps 3% As California Puts 42M Car Titles On Avalanche And This New Olympic Games Meme Coin Soars Towards...

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Inside Bitcoins

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