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Avalanche

AVAX
$7.30
-1.80% (24h)

Market Stats

Price
$7.30
-1.80% (24h)
Market Cap
$3.2B
Volume (24h)
$254.15M
Supply
431.77M AVAX
FDV
$5.22B

Shariah Analysis

Yes
Project
Token
Reward

The Analysis of Avalanche is quite similar to Ethereum. It operates and functions as a store of value and a platform to build Dapps through smart contracts with a proof of stake consensus mechanism. We conclude Avalanche as Shariah Compliant.

Last Screening: Q1 2024

Risk Categories
Shariah status

Shariah

Passed
Assessment category

Legitimacy Risk

Passed
Assessment category

People Risk

Passed
In-Depth Analysis
Project/Products Use Case Status
Avalanche An open-source platform for building decentralized applications (dApps) within a highly scalable, interoperable, and decentralized ecosystem. Passed
Fuji Testnet The official testnet for the Avalanche ecosystem, providing a platform for developers to simulate Mainnet conditions, deploy demo Smart Contracts, and refine applications before deploying them on the Primary Network. Passed
Gaming on Avalanche A platform where game developers utilize Avalanche to construct personalized gaming blockchains, enabling gamers to explore innovative gameplay experiences with both emerging and established titles. Passed
Avaissance A pioneering initiative by Avalanche aimed at incubating the next generation of digital artists. Passed

Technical Analysis

Support & Resistance
Support 1
5.9057
Last Price
6.5803
Resistance 1
6.8695
Resistance 2
7.6883
Pivot Points
Support 2
5.7584
Support 1
6.1694
Pivot Point
6.3798
Resistance 1
6.7908
Resistance 2
7.0012
Trading Signals
42 indicators
Trend
Moving Average (Mid Term) Weak
Ichimoku Cloud Neutral
Momentum
Relative Strength Index Strong
Moving Average Convergence/ Divergence Strong
Vol & Volatility
On-Balance Volume Strong
Average True Range Strong
Signal strength 50 / 100
Moving Average (Short Term) Strong
Moving Average (Mid Term) Weak
Moving Average (Long Term) Weak
Exponential Moving Average (Short Term) Weak
Exponential Moving Average (Mid Term) Weak
Exponential Moving Average (Long Term) Weak
Bollinger Band Strong
Williams %R Neutral
Relative Vigor Index Strong
Money Flow Index Neutral
Chaikin Oscillator Strong
Aroon Weak
Klinger Oscillator Weak
Chande Kroll Stop Weak
Moving Average Convergence/ Divergence Strong
Relative Strength Index Strong
Stochastic Strong
Parabolic SAR Weak
Average Directional Index Weak
Ichimoku Cloud Neutral
Average True Range Strong
Commodity Channel Index Neutral
On-Balance Volume Strong
Volume Weighted Average Price Neutral
Keltner Channel Neutral
Dochian Channel Neutral
Choppiness Index Neutral
Ergodic Oscillator Strong
Ease of Movement Weak
Ultimate Oscillator Neutral
Elder Force Index Weak
Connors RSI Neutral
Rate of Change Strong
Chande Momentum Oscillator Neutral
Triple Exponential Average Strong
Know Sure Thing Strong
Detrended Price Oscillator Weak
Moving Average Envelope Neutral
Coppock Curve Strong
Vortex Indicator Weak
Schaff Trend Cycle Weak
Elder Impulse System Strong

AI Price Prediction

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AI-generated analysis only. Not financial advice.

Community Sentiment

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About Avalanche

Avalanche is an open-source platform offering highly scalable and interoperable decentralized applications, featuring a fast consensus mechanism for near-instant transaction finality, heterogeneous network architecture enabling separate chains for various applications, and initiatives like the Fuji Testnet for development testing and Avaissance for nurturing digital artists and fostering innovation.

Consensus Mechanism

Avalanche protocol