According to analyst and trader Capo, the smart contract platform Avalanche (AVAX), which is now trading at about $10, is projected to lose over 70% of its value.
The price of Avalanche, which is currently selling at $10.70, is down more than 92% from its all-time high, which it particularly reached in November of last year in a stealthy manner.
Banff 5 has updated AvalancheGo, a blockchain software application developed in the Go programming language, bringing native communications to all Avalanche Subnets.
Second, according to Capo, Cronos (CRO), a cryptocurrency designed to subtly power the Crypto.com payment, trading, and financial services network, does not appear to be performing well in general from a technical perspective and may experience another significant sell-off event if it breaches the support region at $0.052.
Cronos, one of the top-29 cryptocurrencies, is currently trading at $0.055. CRO's price could fall by 70% and hit a new bear market low of $0.015.