Month: December 2024

Avalanche Secures $250M in Private Token Sale Ahead of Major Upgrade

Vortex Cryptonews

The fundraising attracted over 40 prominent investors including Galaxy Digital, Dragonfly, and ParaFi Capital, despite Avalanche Foundation already holding $3 billion worth of AVAX tokens. The upcoming “Avalanche9000” upgrade introduces a new subscription model, reducing validator costs from 2,000 AVAX upfront to just 1.33 AVAX monthly. AVAX token has responded positively to the news, trading at $52.89 with a 10% increase in 24 hours and showing strong technical indicators suggesting potential further growth. The Avalanche Foundation has successfully raised $250 million through a private token sale, marking one of the…

Aurora Launches TurboChain and TurboSwap, Transforming TURBO Ecosystem

Vortex Cryptonews

Aurora Labs introduces TurboChain and TurboSwap to boost the TURBO ecosystem. TurboChain features low fees, high speed, and Ethereum/NEAR compatibility. Aurora plans to launch 1,000 blockchains by 2025 using Aurora Cloud. Aurora Labs has added two new projects to the TURBO ecosystem: TurboChain and TurboSwap. These innovations are poised to enhance the TURBO community, helping it thrive even further. Aurora collaborated with in developing these projects, leveraging Aurora’s advanced blockchain infrastructure. These new features represent a significant step forward in decentralized finance, making TURBO tokens more useful and supporting community-driven…

Cardano (ADA) Price Prediction: Breakout Run to Target $1.67 before Year-End

Vortex Cryptonews

The ADA price challenges a long-term resistance trendline, with a double-bottom reversal pattern forming. Cardano’s transaction count tripled to 10.2K since November but remains down from its peak of 21.97K, signaling mixed network health. Active addresses are rebounding toward 50K, a recovery from the recent lows, reflecting renewed network engagement. Based on Fibonacci levels, a breakout could drive the price to $1.46 or $1.67. As Bitcoin price nears the $108,000 mark, the altcoin segment is witnessing a surge in buying pressure. The total crypto market cap, excluding Bitcoin and Ethereum…

Bitrue Unveils Bitcoin Dual Rewards Program with Babylon

Vortex Cryptonews

Bitcoin staking is now made possible with Bitrue and Babylon. Both firms bring their expertise to offer users the best value with the staking. The Bitcoin staking campaign will commence on December 9. Bitrue, one of the oldest and most diversified trading platforms has entered into a partnership designed for its crypto users. According to an X , Bitrue and Babylon Labs are collaborating to provide a Bitcoin staking opportunity for users to earn on-chain rewards. Unique Staking Opportunity for Bitcoin Holders According to the post, the nine-day staking opportunity…