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2022-10-21 17:00:44

Avalanche (AVAX) May Be Down, But It’s Not Out, Here’s Why

Avalanche (AVAX) has been hit pretty hard since the bear market started. The digital asset which reached an all-time high of $146 back in November of 2021 is not trading just below $15. This has led to a decline in confidence in the digital asset. However, protocols such as Avalanche have shown over time that they can sometimes be underestimated and the latest announcement from the project proves this. Avalanche Keeps Building Normally, during the bull market when there is decreased participation in the space, a lot of protocols tend to not build as much as they usually would. However, Avalanche has continued to develop products and has announced the launch of Core Web. One major barrier to entry for users who are new to the decentralized finance (DeFi) space is how hard it is to navigate the space. Getting things done and trading in DeFi can often be a convoluted process, which is why Avalanche has launched Core Web to address this. Related Reading: Dogecoin Hash Rate Hits 7-Month High, But What Are Price Expectations? It is a new suite of products that would allow DeFi users to be able to manage all of their tokens in one place, as well as their NFTs. Core Web would make it possible for users to carry out multiple actions without having to switch between multiple sites and apps. AVAX trading at $14.8 | Source: AVAXUSD on TradingView.com Users will be able to access hundreds of decentralized applications (DApps) on the A...

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