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Avalanche Surged 44% This Week and Here is Why

by BlockNews.com Team
November 13, 2023
in Breaking News, Business, Crypto
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Avalanche Developer Ava Labs Slashes Workforce by 12%

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  • Avalanche is seeing massive growth due to new partnerships, developers building games on the platform, and analysts predicting further price increases.
  • The partnership with Thirdweb makes building dApps and NFTs on Avalanche easier, fueling developer adoption.
  • Meme Kombat, a new crypto gaming token, has surged to $16 million in its presale as users battle meme coin mascots in the multiplayer title.

Avalanche (AVAX) has seen impressive gains recently, surging over 40% in the past week. The layer-1 blockchain has benefited from several key developments driving hype and adoption.

🚨 NEWS: You are missing the $AVAX gaming bull run!

The following is a teaser of an upcoming Avalanche game, @PlayProvidence.

What are some AVAX projects you are looking at? 👀 pic.twitter.com/IdbNiCAGha

— BlockNews.com (@blocknewsdotcom) November 13, 2023

Developers Flock to Avalanche for Blockchain Gaming

Some of the biggest names in gaming are building highly anticipated titles on Avalanche. The network’s speed, low fees, and customizability make it a top choice for blockchain games. Major studios currently building on Avalanche include Shrapnel, Gunzilla Games, and Beam.

Partnership with Thirdweb Supercharges Development

Avalanche just partnered with Thirdweb, a leading Ethereum development toolkit. This makes building dApps, NFTs, and games on Avalanche even easier. The integration helps remove technical barriers to entry, allowing creators to focus on their product instead of complex coding.

Analysts Remain Bullish on Avalanche’s Next Move

Given the recent news and partnerships, analysts are overwhelmingly bullish on Avalanche. Some are predicting AVAX could 2x or even hit $25 in the short term. However, a minor pullback is expected first after the rapid 40%+ climb over one week.

Hot New Crypto Gaming Token Surges in Presale

With gaming and metaverses rising in popularity, a new crypto project called Meme Kombat is surging. The unique P2E title smashed $16 million in its presale as users battle meme coin mascots.

Meme Kombat Offers Multiplayer Battles and Betting

Meme Kombat features multiple gameplay modes, including 1v1 battles, team battles, and free-for-all brawls. Players can bet on match outcomes or in-game events like double KOs. The project passed a smart contract audit and has a public team.

Presale Token Price Rising Soon

In the presale, investors can buy the MKOM token for $0.0189. However, the price increases in just three days. As the presale supply runs out, analysts predict Meme Kombat could rise 10-100x in the next bull market.

Tags: AvalancheAVAXBlockchainBusinesscrypto
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