While the RSI and Stochastic indicators were neutral, suggesting the market might go either way, the OBV showed a spike, signaling a bullish outlook. In addition, the Bollinger Bands indicated that the value of AVAX was in a critical zone, raising the possibility of an upward movement.

The developers behind the Avalanche (AVAX) network recently released a new upgrade called [email protected]. That version is compatible with version 1.8.0, optional but recommended by developers.

Besides launching the above improvement, the AVAX community has recently benefited the blockchain with several positive changes. The price of AVAX was also in line with those developments, accumulating a 2% gain over the last 24 hours.

AVAX is trading at around USD 17.70 and has accumulated a 1.5% loss over the last 24 hours. While its daily trading volume is above USD 121.13 million, its market capitalization is about USD 5.23 billion, according to CoinGecko.

The developments seem promising, but nobody knows whether they may help the price start its next bullish rally.

The AVAX Community Works on Developments with Other Players

The Avalanche network has benefited from the partnership with various players in the crypto market. For example, the multi-chain layer-2 scaling solution Boba Network has helped it raise its popularity among users.

AVAX recently occupied first place on the list of top projects with the highest bullish sentiment. That news came after the recent rally in the price, suggesting a brighter outlook. That leads to thinking that the bulls might dominate the market in the short term.

Technical Analysis of the Price of AVAX

Some on-chain metrics also suggested that the price of AVAX would rise further in the coming days. For example, the development activity increased significantly over the last week, signaling the efforts to improve the network.

Although the number of NFT trades rose along with the social volume, the latter suffered a decrease afterward.

According to CryptoQuant, the Relative Strength Index (RSI) and Stochastic indicators were neutral, suggesting the market might go either way. The positive developments on the network lead to expecting AVAX to perform better in the following week.

The daily chart of the price of AVAX suggested a similar outcome, as most market indicators were favorable. The On Balance Volume (OBV) showed a spike, signaling a bullish outlook.

In addition, the Bollinger Bands (BB) indicated that the value of AVAX was in a critical zone. That situation raised the possibility of an upward movement in the short term.

However, the Chaikin Money Flow (CMF) indicator was neutral, while the exponential moving average (EMA) ribbon indicated the dominance of sellers. Those factors might cause an obstacle in the next bullish run of the AVAX token.

Investors should research AVAX or any other crypto assets before buying it to know their all-time high, behavior, and possible future price. That will help them find the most convenient investment opportunity to minimize the risk of losing money.

By Alexander Salazar

In the past week, a cryptocurrency increased by 44% in its price, reaching a value of US$0.55, a value which had not been reached since May this year.

Having already spent a week of the long-awaited Merge within the ecosystem, we analyze the performance of the prices of the main cryptocurrencies. According to CoinMarketCap, Bitcoin had a negative return of -4.84%, reaching $18,700 while Ethereum fell 10%.

However, if we evaluate the performance of the $XRP coin, Ripple. We noticed that in the last week its price increased by 44%, reaching a value of US$0.55, a value which it had not reached since May of this year. Ripple is a cryptocurrency network that aims to bring fast and low-cost payments to financial institutions. XRP is the native cryptocurrency that powers this, which was initially launched in 2013 to raise funds for the company.

About XRP, and why it has recently increased its price

XRP is a digital currency issued and managed in an accounting system inspired by Bitcoin technology. It is an open-source project, but it has been managed by a private company since its inception, 7 years ago. This is where the firm Ripple Labs comes into the equation, a business that has been building a network of payments and international exchange for banks and other financial services.

The price of XRP has risen particularly this week, driven by developments in the United States Securities and Exchange Commission (SEC) case against Ripple. The US institution has an ongoing lawsuit against the company for the alleged unregistered sale of a security. In this case, XRP.

XRP’s biggest price move has come just after new information came to light in the SEC-led case against Ripple. It is about the introduction of a request so that, instead of going to trial, a sentence is issued with the available data.

At the moment it is a hopeful situation for Ripple Labs, the community that supports said cryptocurrency is very anxious to wait for the resolution of the ruling by the court.

The news has clearly impacted the price of XRP. Precisely this Thursday, after that approval was reported, the currency rose more than 23% on the day. And although the movement of the last few weeks has been very positive, traders are not confident and foresee a strong fall in the future.

It could be a “buy the rumor, sell the news” phenomenon. This, in trading, refers to how the market turns bullish in the face of an imminent event that, when it arrives, leads to a wave of sales and a bearish movement of the asset in question.

XPR Positions as Sixth in the Cryptocurrency Market

XRP currently ranks sixth by market capitalization of all cryptocurrencies, and fourth place not counting stablecoins.

Finally, if we analyze the current sentiment of the market, we use the “Fear & Greed Index”, which through the analysis of many variables determines if the general sentiment of the market in relation to Bitcoin extends more towards fear or greed. Generally, with low prices, the index shows values ​​related to the feeling of fear, while, with high prices, greed grows.

Today we find ourselves with a feeling of extreme fear. This value remains the same since the last month.

By Audy Castaneda

The technological revolution implies great risks and opportunities.

We are in the midst of a financial technology revolution. A large number of changes generate risks and provide considerable opportunities.

It is extremely important to understand where these risks come from, including reputational and operational ones, given that the legal framework is under development. The crypto ecosystem must also be understood as well as how to establish regulatory frameworks since we are in the midst of said revolution. Distribution channels are increasing and cryptocurrencies are also growing, generating a global push to regulate this area.

Deep Web versus Dark Web

According to Raymond Villanueva, member of the Association of Certified Anti-Money Laundering Specialists (ACAMS), the Deep Web is the Internet that is not indexed to protect information. It is legal, commonly used, and contains a privacy system that protects documents, transactions, and databases, among others.

The Dark Web, for its part, is a decentralized system of Dark nets that are accessed using browsers, such as TOR (for its acronym The Onion Router), or P2P (Friend to Friend), among others. This makes it possible to hide the IP address and other information that makes it difficult to trace the identity of users.

It is in this area where international security agencies have found the largest movement of cryptocurrencies to finance crimes. A large number of complex money laundering schemes through cryptocurrencies have not been registered, but their use to finance criminal activities such as the sale of illegal weapons, narcotics, explosives, large-scale child pornography – where pay for access to sites with cryptocurrencies-, and the evasion of sanctions. In addition, they have been used to finance terrorism, explains Raymond.

Complex money laundering schemes have not yet been identified in which money that comes from illicit activity is moved in order to give it the appearance of legitimacy, as established by the academic definition of money laundering. In contrast, the American legal definition of money laundering criminalizes putting money from illicit activity in contact with a business transfer. In this case, giving the appearance of legitimacy to the money is not a factor, as long as it comes from or supports a specific illegal activity. These two definitions do not collide but complement each other. The legal definition is more comprehensive since its intention is to limit the movement of illicit money, and/or directed to support illicit activity through financial systems.

Use of Cryptocurrencies is not illegal

It is important to understand that the use of cryptocurrencies is not illegal, the crimes discussed here are also committed with fiduciary currency. In fact, one of the advantages of cryptocurrencies is that they are not completely anonymous, on the contrary, they are transparent, traceable, public, permanent, and programmable. What’s more, the process is repeatable, efficient, and fast. For this reason, it is important to have continuous education, training, and knowledge in Blockchain, technology, and regulation, all of which is in a process of continuous evolution, given the vulnerability of virtual assets, their volatility, and value fluctuations.

When evaluating the use of virtual currencies and assets, including “Smart Contracts”, we must look at it holistically since we need to know about international regulations, technology, international trade (imports and exports), international fluctuations, sanctions, and political changes. , legal and economic that may affect your business operations. The most sensible recommendation is in line with the global trend, it is about paying attention to this issue to accept it and manage it effectively since it is here to stay.

By Audy Castaneda

Working on Web3 requires and relies on effective freedom through collaborative efforts.

“I work in Web3”. There’s always that problem with increments like now we’re at ‘iphone13’, and what happened to ‘iphone12’ last year, and next year it’s ‘iphone14’. And so we assume there is continuity, the same stuff, but newer and better, maybe.

But “Web3” is much more than “Web2”. It is more about changing thinking and practice in a fluid way, having to think and operate with new perspectives and paradigms in often challenging but beautifully creative ways. And that implies rethinking “work” itself, what it is, how it is done, where it is done, why it is done, and with whom it is done.

And this is how you can approach the new ways of working that seem to apply to Web3. The pandemic lockdown was definitely a major catalyst in how many now view the work they do and how they do it. The people had the opportunity to sit down and say “enough, I don’t want this anymore”. There is now more freedom and flexibility in work practices, goals, and measures of success.

The changes have taken place over a number of years, but it is only by looking back that one can appreciate how radical these changes have been, and how much work and working life have changed.

There is a Generational Change Regarding Work

These differences in what work is and how it works now are even clearer when you reflect on how and what work was like for the previous generation, in the late 1980s and 1990s. Such a generation would go to work every day, in a suit and boots, wanting to move on and be well regarded. Work was a place you went to, and you were (or became) your profession throughout your “working life.” And then you retired, and you talked about yourself only in terms of your old profession.

A generation later, there began to be more freedom and flexibility. The pandemic brought about greater geographic freedom and no longer being a slave to the ever-watchful eyes of the office, but the greater tyranny of corporate email culture and effective labeling emerged.

Web3 Changes the Way of Working: Collaboration is Key

Working on Web3 requires and relies on effective freedom through collaborative efforts. It is a world apart from the ancient practices of competition and beating others; now, it is about working with many like-minded people globally.

It is essential to work more creatively, not to say imaginatively, working and thinking beyond the mythical boxes of the previous corporate worlds, bridging between web2 and web3, and making the transition from blue chip organizations to the world of great opportunities.

There is no certainty as to where exactly Web3 will take us, or where Web3 will take all of us, perhaps this is part of the charm.

What is known is that it will be a revolution and a revelation. We will look back in awe, just as we look back at how we used to work, and what work was like. And it will also be like playing a very different game according to the new rules established by the game, and the rules that we ourselves establish. Web3 is young, hungry, volatile, and not without risk, but at the same time dynamic and full of opportunity.

By Audy Castaneda