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Investors are rushing to invest in Avalanche: Is AVAX set to reach 30 USD?
The price of Avalanche (AVAX) is extending a four-day consecutive increase, approaching a key resistance zone and opening up the opportunity to break through the 30 USD level. This upward momentum is occurring alongside the resurgence of many other layer 1 tokens such as Solana and Tron, amidst a backdrop of new capital continuing to flow into the market.
Interest in Avalanche remains stable, as evidenced by the open contracts (OI) exceeding 1 billion USD. The momentum comes from the announcement that Ava Labs signed a Memorandum of Understanding (MoU) with WeBlock to expand the RWA and stablecoin sectors in South Korea – one of the most dynamic markets in Asia.
Ava Labs partners with WeBlock: Promoting asset tokenization in South Korea
Ava Labs, the development team behind the Avalanche blockchain, has just signed a Memorandum of Understanding (MoU) with WeBlock to promote solutions related to RWA and stablecoins in South Korea. This is seen as a strategic move, not only expanding the application scope of Avalanche in one of the most vibrant financial markets in Asia but also affirming its focus on compliance and transparency within the ecosystem. According to the agreement, RWA products will be developed directly on Avalanche's layer 1 blockchain, while fully integrating the standards for Customer Identity Verification (KYC) and Anti-Money Laundering (AML). This aims to ensure that the products comply with current legal frameworks while building trust for both individual and institutional investors.
In the deployment roadmap, Ava Labs announced that the test version of the first stablecoin is expected to be launched by the end of this year. This will be an important trial step to test the feasibility of the product in a strictly compliant environment. Furthermore, commercial RWA products are expected to be introduced in the first half of 2026. If successful, they will contribute to building a legitimate, transparent, and sustainable digital asset ecosystem in South Korea – a market that is seen as an important bridge between traditional finance and blockchain technology.
Alongside these strategic steps, data from the analysis platform RWA.xyz shows that Avalanche is increasingly solidifying its position in the global RWA space. Currently, Avalanche is ranked as the eighth largest project in the world based on total value of assets being tokenized. This figure reaches 3.01 billion USD, with stablecoins accounting for the majority at 2.6 billion USD. In addition, Avalanche manages 243.5 million USD from alternative funds of institutions and 149.6 million USD from U.S. Treasury bonds.
OI AVAX reaches a record high: Positive signals from the derivatives market
According to data from CoinGlass, the OI of AVAX has climbed to a record level of 1.07 billion USD, a sharp increase from the figure of 974.94 million USD recorded on Tuesday. This trend reflects new capital flowing into the derivatives market of Avalanche within just 24 hours, indicating that investor sentiment is shifting towards the positive side. The surge in OI not only demonstrates the growing interest in AVAX but also shows that traders are willing to take on more risk, with the expectation that this cryptocurrency will continue to expand its recovery in the short term.
As of the time of writing, AVAX remains stable above the 25 USD mark, indicating that buying pressure is strong enough to challenge the important supply zone ranging from 25.75 to 26.5 USD. This is considered a key resistance zone, clearly marked on the daily chart. If the price can successfully break out and close decisively above the R1 level at 26.59 USD, the next growth scenario will open up, with a target towards the zone of 29.78 USD – nearly reaching the psychological level of 30 USD.
The strength of the uptrend is further reinforced when the 50-day exponential moving average (EMA) has officially crossed above the 200-day EMA, forming a Golden Cross pattern. This is a classic signal in technical analysis, often indicating the potential for a shift to a sustainable uptrend. This suggests that the short-term recovery of Avalanche is not just temporary but could also lay the foundation for a new bullish cycle.
However, a negative scenario still needs to be considered. If AVAX cannot maintain the current recovery momentum, the price may return to test the local support zone around 25.15 USD. This zone is established by the trendline connecting the lows from June 22 to August 3, serving as an important support point to prevent a deeper correction.
Lilly