ReportWire

Tag: avalanche

  • Which Tokens Are Traders Talking About? GME, SOL Lead the Buzz

    [ad_1]

    Global markets are on edge as traders weigh geopolitical risks, easing inflation signals, and possible U.S. interest rate cuts next week.

    The turbulence has spilled into crypto, where GameStop’s pivot, Linea’s dramatic price drop, and Solana’s technical momentum are dominating discussion across trading desks and social media.

    Breaking Down the Social Buzz

    The resurgence of GameStop in crypto conversations is particularly noteworthy. According to data from market intelligence provider Santiment, the buzz stems from the company’s recent special dividend issuance through warrants and a stronger-than-anticipated Q2 2025 earnings report.

    Earlier in the year, GameStop CEO Ryan Cohen confirmed the retailer is exploring crypto payments for trading cards and collectibles following a substantial $500 million Bitcoin (BTC) acquisition.

    Cohen characterized the BTC purchase as a hedge against inflation, signaling a cautious but serious corporate interest in digital assets. This pivot follows the company’s earlier, less successful forays into NFTs and wallets, which were shuttered due to a challenging regulatory environment.

    Meanwhile, the Ethereum layer-2 project Linea is facing its own drama. In the spotlight following the launch of its native LINEA token and listings on Binance and CoinEx, among other major exchanges, it plunged nearly 35% in the past week, hitting a new all-time low of $0.02265 on September 10.

    Altcoin Performance and Market Outlook

    Solana (SOL) is also making waves on the back of its frequent appearance “in the context of liquidity and market cap values” of various assets on the network. In the market, it has demonstrated notable stability, consolidating around the $222 mark with a 24-hour trading volume exceeding $9.4 billion, and a nearly 8% jump in price in the last seven days.

    However, there’s a stark difference in the social sentiment and on-chain performance of another trending asset, ApeCoin (APE). While it has caught a buzz following its launch and expansion onto the Solana blockchain, APE has struggled in the market, slipping 7.4% in the past week to $0.606. It also remains down 24% over the past year and almost 98% below its 2022 peak.

    In contrast, Avalanche (AVAX) is attempting to build headway. The world’s 21st-largest crypto by market cap is a hot topic due to its “bullish momentum, breakout price activity, and strong technical indicators.” Priced at $28.80 at the time of this writing, it has oscillated between $23.93 and $29.45 in the last week, and is up almost 17% in that period.

    Over the past 24 hours, the asset gained 7.3% on its price, with analysts suggesting that since it has now broken above $27, the door could be open for a run to $40, with rising network activity, amounting to 35.8 million transactions on its C-Chain last month, providing a favorable backdrop.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

    [ad_2]

    Wayne Jones

    Source link

  • Avalanche Foundation Plans $1 Billion Treasury Deals—Can AVAX Take Off?

    [ad_1]

    Reason to trust

    Strict editorial policy that focuses on accuracy, relevance, and impartiality

    Created by industry experts and meticulously reviewed

    The highest standards in reporting and publishing

    Strict editorial policy that focuses on accuracy, relevance, and impartiality

    Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

    The Avalanche Foundation is in advanced talks to set up two US digital asset treasury vehicles to raise roughly $1 billion that would purchase millions of AVAX directly from the foundation at a discount, according to the Financial Times.

    Avalanche Foundation’s $1 Billion Buy Plan

    One vehicle, led by Hivemind Capital, would seek up to $500 million via a Nasdaq-listed company with Anthony Scaramucci advising; a second, sponsored by Dragonfly Capital, would be a $500 million SPAC. People familiar said the deals could close within weeks; Hivemind confirmed it was working on a deal, while the foundation declined to comment. Currently, AVAX has a 720 million max supply with about 420 million in circulation.

    Digital-asset treasury companies—public or listed vehicles that raise capital to hold crypto on balance sheet—have proliferated this year and helped drive new demand across tokens. In parallel to Avalanche’s effort, Hong Kong’s HashKey Group this week unveiled a $500 million fund dedicated to DAT strategies, underscoring institutional interest in standardized structures for accumulating digital assets.

    Market plumbing is tightening at the same time. Nasdaq has moved to increase scrutiny of companies that issue stock primarily to buy crypto, a shift that has already pressured several “crypto treasury” names and could slow timelines for some new formations. The exchange is seeking enhanced disclosures and in some cases shareholder votes for such capital raises.

    Related Reading

    Scaramucci’s presence in the Avalanche orbit predates today’s development. On August 19, SkyBridge Capital said it would tokenize $300 million of hedge fund assets on Avalanche in partnership with Tokeny and Apex Group. “Tokenizing our funds on Avalanche … represents a significant step forward in modernizing the alternative investment landscape,” Scaramucci said at the time.

    Avalanche has also courted traditional finance through tokenization pilots and money-market-style products. VanEck, working with Securitize, launched a tokenized US Treasury fund whose tokens exist on Avalanche alongside other chains, part of a broader push positioning the network for capital-markets use cases referenced in the FT report.

    Related Reading

    Dragonfly’s involvement tracks with prior Avalanche financing. In December 2024 the foundation raised $250 million via a locked token sale led by Galaxy Digital, Dragonfly and ParaFi, providing a precedent for large, structured AVAX transactions backed by major crypto investors.

    Will It Impact AVAX Price?

    If completed as described by the FT, the two US vehicles would initially acquire discounted AVAX held by the foundation, with the first deal targeted to wrap by month-end and the SPAC later.

    Due to the transactions being executed off-exchange directly with the Foundation, they will not mechanically move spot order books at execution. However, the signaling of $1 billion in structured demand can still influence price indirectly via positioning and liquidity—tightening effective float if tokens are locked or staked, or capping rallies if discounted inventory is later hedged or distributed—so the net effect hinges on lockups, retention, and on-chain demand growth.

    At press time, AVAX traded at $28.72.

    Avalanche AVAX price
    AVAX faces the EMA200, 1-week chart | Source: AVAXUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

    [ad_2]

    Jake Simmons

    Source link

  • Avalanche (AVAX) Bulls Target $30 Breakout as Toyota Partnership Fuels Momentum

    [ad_1]

    Avalanche (AVAX) has been riding a wave of optimism as bulls push for a breakout above the crucial $27–$28 resistance zone. Currently, AVAX trades just above $26.5, marking its fourth consecutive day of gains.

    Related Reading

    The move comes as Ava Labs strengthens its ecosystem with two high-profile partnerships: an MoU with Korean firm WeBlock to expand real-world asset (RWA) tokenization and a collaboration with Toyota Blockchain Lab on mobility infrastructure.

    AVAX's price trends to the upside on the daily chart. Source: AVAXUSD chart from Tradingview

    Strategic Partnerships Drive Real-World Adoption for Avalanche

    The WeBlock deal is set to introduce regulation-compliant tokenized products and a new stablecoin pilot in South Korea.

    Meanwhile, the Toyota partnership aims to build the Mobility Open Network (MON), a blockchain-based system designed for smart transport, shared mobility, and even robotaxi fleets.

    Together, these initiatives reinforce Avalanche’s leadership in combining blockchain with practical real-world applications.

    Derivatives and Technical Indicators Support Bullish Outlook

    Market data shows AVAX open interest has surged to a record $1.07 billion, signaling strong capital inflows from derivatives traders. This suggests rising confidence that Avalanche is poised for a breakout.

    On the technical front, AVAX is trading above its 50-day and 200-day moving averages, confirming a Golden Cross and strengthening bullish sentiment. The RSI currently sits at 61, leaving room for further upside before hitting overbought levels.

    Similarly, the MACD histogram has turned positive, with its line crossing above the signal line earlier this week, both classic signs of accelerating momentum.

    AVAX Price Prediction: Bulls Eye $30 and Beyond

    If AVAX secures a decisive close above $26.9, analysts project a move toward the $29.78 pivot level, just shy of the $30 psychological milestone.

    A successful breakout could unlock further gains into the $32–$35 range within the next two to three weeks, aligning with broader bullish sentiment in altcoins like Solana (SOL) and Tron (TRX).

    Related Reading

    On the flip side, failure to hold current levels may trigger a retest of support near $25.15, with deeper downside risks emerging if $24.00 breaks. However, with institutional partnerships expanding and technical indicators flashing bullish, Avalanche remains one of the strongest breakout assets this September.

    Cover image from ChatGPT, AVAXUSD chart from Tradingview

    [ad_2]

    James Halver

    Source link

  • Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

    [ad_1]

    Cardano’s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to publish official economic data on public blockchains. Blockchain networks like Ethereum, Solana, Avalanche, and Optimism made the cut; Cardano didn’t. Hoskinson revealed during a YouTube AMA that the reason wasn’t technical or regulatory, but it was grounded in economics. Specifically, he said the integration fee quoted by Oracle specialist Chainlink was absurd, which made Cardano’s participation really unfeasible.

    Chainlink’s Absurd Fee

    As one of the biggest blockchain ecosystems, Cardano’s inability to participate in the US government’s recent blockchain initiative to bring macroeconomic data onto the blockchain took many crypto participants by surprise. However, while speaking at a recent surprise AMA on his YouTube channel, Cardano founder Charles Hoskinson says the reason boils down to money. 

    Related Reading

    According to Hoskinson, the main reason was due to its pending partnership with Chainlink’s oracle integration, which is yet to be finalised because of the absurd fee charged by Chainlink. Hoskinson did not shy away from strong language: “They gave us an absurd number for integration. I said ‘f– it, we’ll handle it. We’ll figure it out,’” he said.

    Despite the frustration, he tempered his critique with respect. He described Chainlink co-founder Sergey Nazarov as “extremely smart” and “a very good businessman”, someone who “sees the future” and, in Hoskinson’s words, is “sitting on a golden egg”. 

    Chainlink’s oracle solutions are very important for connecting smart contracts to real-world data. As such, Hoskinson’s metaphor acknowledges Chainlink’s powerful position in the blockchain ecosystem. 

    How It Stalls Cardano’s DeFi Growth

    Without a cost-effective oracle integration, Cardano’s decentralized finance landscape has struggled to keep pace with other blockchain ecosystems. To put this into perspective, Ethereum’s integration with Chainlink has allowed large inflows into its DeFi ecosystem, with about $13.4 billion in Total Value Locked (TVL) added from between August 2 ($78.222 billion) and August 31 ($91.595 billion), according to data from DeFiLlama.

    Related Reading

    Meanwhile, Cardano’s TVL broke below $400 million in August, and daily active addresses have also fallen massively. At the time of writing, Cardano’s TVL is sitting at $367.91 million. The result is a disconnect between Cardano’s on-chain activity and ADA’s price action, which witnessed a steady increase in August alongside the rest of the crypto market.

    Nonetheless, Hoskinson is still optimistic. Talks with Chainlink are ongoing, and he’s determined to find common ground with Chainlink. He also revealed discussions with the team behind the USD1 stablecoin and hinted at potential collaboration with Aave, which he described as part of a bundle. If USD1 (already launched on Ethereum, BNB, and Tron) comes to Cardano, it could become the ecosystem’s largest stablecoin. Combine that with oracle access and lending support from Chainlink, and Cardano could strengthen its DeFi foundations significantly.

    At the time of writing, Cardano is trading at $0.8307, up by 1.1% in the past 24 hours.

    ADA trading at $0.83 on the 1D chart | Source: ADAUSDT on Tradingview.com

    Featured image from Adobe Stock, chart from Tradingview.com

    [ad_2]

    Scott Matherson

    Source link

  • Nearly $1B in Token Unlocks This Week Puts Pressure on These Altcoins

    [ad_1]

    Crypto markets are preparing for a wave of selling pressure as more than $998 million worth of token unlocks hit circulation between August 25 and August 31, according to data from Tokenomist.

    The largest scheduled releases include Sui (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA).

    Heavy Unlock Schedule

    The token activations consist of several one-off cliff unlocks totaling roughly $185 million per the Tokenomist website, as well as multiple linear unlocks, which will contribute a much larger $813 million.

    Sui tops the list with $161 million worth of tokens, representing 1.2% of supply, set to hit the market. It is followed by Slash Vision Labs (SVL), which will make available nearly 19% of its supply valued at more than $37 million.

    Other notable one-time unlocks include Jupiter’s $27.31 million, Optimism’s $24.30 million, and Kamino’s $13.97 million. Huma Finance, meanwhile, will add nearly $10 million worth of its native cryptocurrency, amounting to more than 21% of its supply, to circulation.

    Linear unlocks will stretch across several major assets. Filecoin alone will see more than $22 million worth of its FIL token released daily for a total of about $156.39 million over the week.

    Solana is also scheduled for significant unlocks, amounting to over $104 million, with each day seeing about $14.87 worth of new SOL hitting the market. Meanwhile, Dogecoin (DOGE) faces just over $3 million in new tokens each day.

    Elsewhere, Avalanche’s circulating supply will expand by about $2.5 million daily, and Worldcoin (WLD) will see close to $5 million in fresh tokens entering the market each day of this week.

    Market Outlook

    Investors may be particularly alert to the performance of HUMA, which set a new all-time low at $0.0254 today according to CoinGecko, down more than 78% from its May peak.

    Other unlock-bound tokens are also showing strain, with Sophon (SOPH) losing 9% in the last seven days, while Renzo (REZ) dropped almost 7% in the last 24 hours and was trading 95% below its 2024 high at the time of this writing.

    Solana is also in the spotlight. In a recent interview, BitMEX co-founder Arthur Hayes said he prefers to back Ethereum over SOL for the current cycle, suggesting ETH offers stronger upside potential. However, the asset has risen by more than 10% in the last week to just over $200, even though it shaved off 3.4% in the past day.

    Meanwhile, Dogecoin is showing mixed signals. The OG meme coin is trading near $0.23, down more than 4% in 24 hours, with analysts tracking a symmetrical triangle pattern forming on the charts. Support sits at $0.22 and resistance at $0.25, with a decisive move expected soon. One market watcher, Ali Martinez, suggested a DOGE rally toward $0.31 could follow a breakout, while failure to hold support risks a slide to $0.19.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

    [ad_2]

    Wayne Jones

    Source link

  • Slow start dooms shorthanded Avalanche in loss to Lightning

    Slow start dooms shorthanded Avalanche in loss to Lightning

    [ad_1]

    For 54 minutes Wednesday night, the severely shorthanded Colorado Avalanche played about as well as expected, considering the circumstances.

    That, however, came after the first six minutes went about as poorly as someone could imagine. The big guns on the Tampa Bay Lightning had a huge night, and the Avs’ pushback was met by one of the best goalies in the world in a 5-2 loss at Ball Arena.

    Nikita Kucherov, Brayden Point and Jake Guentzel combined for three goals and seven points for the Lightning. After allowing three goals on the first five shots, new Colorado goaltender Kaapo Kahkonen did find his way and finished with 16 saves.

    “Against teams like that with that high-end skill, you expect them to make those plays, but it’s still not easy to make the saves on those plays,” Kahkonen said. “Especially early like that. But it’s … what are you going to do? You just play. You try to stop the next puck and you try to get into a rhythm.”

    The Avs have been without Artturi Lehkonen (shoulder), Valeri Nichushkin (suspension) and Gabe Landeskog (knee) all season and Jonathan Drouin (upper body) joined them after getting hurt in the opener against Vegas. The situation got worse for Colorado before this game.

    Ross Colton is out 6-to-8 weeks with a broken foot after blocking a shot Monday night against Chicago, Avs coach Jared Bednar said Wednesday morning. Miles Wood is also out for 7-to-10 days with an upper-body injury that he’s been trying to play through.

    “Our (missing) payroll is outrageous,” Nathan MacKinnon said. It’s not excuses. It’s just facts. I do like how we’re playing overall. When guys come back, I feel like if just keep with this, we’ll have better results, but that’s not the point right now.”

    While there were some positives to build from for a team missing six of its top-10 forwards, the Avs were down 3-0 before the first TV timeout.

    Tampa Bay coach Jon Cooper gets an assist on each of the first two Lightning goals. Both times, the play began with his third line against Colorado’s makeshift third line, which included defenseman Oliver Kylington.

    The Lightning gained control of the puck and made an on-the-fly change to its top line, and then quickly scored in similar fashion. Point took the puck behind the Colorado net and found Kucherov wide open in the slot for a one-timer 61 seconds in.

    Kucherov collected the puck behind his own net at the start of his next shift and went coast-to-coast. He went behind the net like Point did, but sent a reverse pass back to where he came from. Guentzel was waiting near the right post for an easy one at 3:36 for a 2-0 lead.

    “It’s awareness mistakes,” Avs coach Jared Bednar said. “Young players just not reading it quick enough and not getting in quite the right spots.

    “Overall, I thought we were engaged in the game. We played pretty hard, played pretty well. Definitely had a better second than the first, and the third was pretty good again. It didn’t come easy for us on the offensive side of it, either.”

    Sam Malinski fell near the offensive blue line and tried to swipe at the puck, but the end result was a 3-on-1 the other way and a highlight-reel goal for Tampa Bay. Conor Geekie started the passing play and then finished it at 5:32 of the first after all three forwards touched the puck in quick succession.

    The Avs did settle into the game after the opening flurry. Ivan Ivan scored his second career goal to cut Tampa Bay’s lead to 3-1 at at 14:56 of the first.

    Ivan tipped a point shot from Cale Makar past Lightning netminder Andrei Vasilevskiy from the high slot. He has been the replacement for Ross Colton in that spot, and both of his goals have come with PP1.

    Colorado’s first six minutes of the second period went very well, except the Avs couldn’t beat Vasilevskiy. Then, with a jumbled Avs line on the ice after a Colorado power play ended, Tampa Bay’s big guns feasted again.

    [ad_2]

    Corey Masisak

    Source link

  • Avalanche leading goal scorer Ross Colton is “going to miss some time”

    Avalanche leading goal scorer Ross Colton is “going to miss some time”

    [ad_1]

    The Avalanche has desperately needed Ross Colton’s goal-scoring surge to start the 2024-25 season with so many top forwards missing from the lineup.

    Now the Avs need someone to step up and replace Colton.

    The second-year Colorado forward took a shot off his right foot Monday night against the Chicago Blackhawks and did not play in the third period of an eventual 5-2 loss. He left the Avs locker room in a walking boot.

    “He’s out,” Bednar said. “He took that shot … he’s going to miss some time. We’ll get a better feel on how long it’s going to be (Tuesday) or by Wednesday morning.”

    Colton leads the Avalanche with eight goals in 10 games. He’s been the club’s go-to first-line left wing next to Nathan MacKinnon and Mikko Rantanen since Jonathan Drouin was injured in the opening game of the season.

    Colton and Drouin are joined on the unavailable list by Artturi Lehkonen (shoulder), Valeri Nichushkin (suspension) and Gabe Landeskog (knee). That’s nearly $25 million in forwards.

    Lehkonen has a checkup scheduled for Tuesday on his shoulder, which required offseason surgery. He’s been practicing with the team and could play soon if that meeting with the doctor goes well. Drouin has been skating with the team in a red, no-contact jersey and could be getting closer to returning as well.

    Nichushkin is not eligible to be reinstated from his suspension while in Stage 3 of the NHL-NHLPA Players Assistance Program until the middle of next month, but he is skating and working out on his own in Denver.

    The Avs began Monday on a five-game winning streak and some light at the end of this dark availability tunnel, but Colton’s injury adds another bit of uncertainty for the club.

    Originally Published:

    [ad_2]

    Corey Masisak

    Source link

  • Another huge night for Casey Mittelstadt leads to fifth straight Avalanche win

    Another huge night for Casey Mittelstadt leads to fifth straight Avalanche win

    [ad_1]

    That trade for Casey Mittelstadt looks pretty good so far.

    Mittelstadt had three assists, including setting up the go-ahead goal with 6:31 left, and the Colorado Avalanche shook off a few minutes of lackluster hockey in the third period Sunday night to defeat the Ottawa Senators, 5-4, at Ball Arena.

    It’s the Avs’ fifth straight win since starting the season 0-4. It’s also back-to-back three-point games for Mittelstadt, who joined the club before the trade deadline last season from Buffalo and signed a three-year contract this offseason.

    “Just to have him last year, and then see the work he put in this summer, we knew there was another gear this guy could find,” Avs coach Jared Bednar said. “Another step he can take in his game, like his complete game, but what’s going to follow is the production. He’s a super-talented guy. He sees things other guys can’t see, and he makes plays other guys can’t make.”

    Mittelstadt earned the primary assist on all three goals. He’s up to five goals and 12 points in nine games, and hasn’t played a minute yet this season with the two guys who could eventually be his wings — Artturi Lehkonen and Valeri Nichushkin.

    He found O’Connor in front of the net to make it a 3-2 game. Ross Colton continued his scoring tear to start the season with his eighth of the season 90 seconds later. Nathan MacKinnon added an empty-netter with 1:15 left to seal the win.

    “(Mittelstadt) will find you anywhere. It’s insane,” O’Connor said. “You just get open and … forehand, backhand, three guys on him, no space, he’s still going to find you. It’s pretty remarkable. He’s honestly one of the best puck players I’ve ever played with.”

    After Colorado had bottled up Ottawa for nearly 50 minutes, the Senators scored twice in 2:08 to even the score at 2-2. Brady Tkachuk had the first one, after a Tyler Kleven shot from the right point went wide. The rebound off the boards behind Justus Annunen came right to Tkachuk at the left post for a tap-in with 10:45 left in the third.

    Ottawa kept pushing and found another similar goal with 8:37 left. Nick Cousins put home the rebound of a shot from the left point after getting position on Colton near the right post.

    Annunen ended up allowing four goals in the final 11 minutes after yielding just four in his previous 11 periods combined, but the shorthanded Avs remain in “two points, anyway possible” mode.

    “I would say it was one of those games where we found a way,” O’Connor said. “I wouldn’t necessarily say it was how we wanted to win, but we’ll take those ones any day of the week.”

    [ad_2]

    Corey Masisak

    Source link

  • Ross Colton’s scoring surge critical for short-handed Avalanche: “When he’s getting the opportunities, he’s burying them”

    Ross Colton’s scoring surge critical for short-handed Avalanche: “When he’s getting the opportunities, he’s burying them”

    [ad_1]

    “Plan D” is working out A-OK for the Colorado Avalanche.

    When Jared Bednar looks for a player to slot in next to Nathan MacKinnon and Mikko Rantanen, he has a list of traits in mind. They include being a trusted defensive player, being able to play a lot of minutes at a high energy level, playing with ruggedness and a desire to forecheck, and being a hard, competitive player at the front of the opposing team’s net.

    The first three players who come to mind are captain Gabe Landeskog, Valeri Nichushkin and Artturi Lehkonen. None of them are available right now.

    Enter Ross Colton.

    “(Colton) does all of those things,” Bednar said. “He may be the fourth guy down the list, but he’s played really well when he’s done it.”

    Technically, Colton might even be fifth, because Jonathan Drouin has also spent a lot of time next to MacKinnon and Rantanen … and he’s also not available. Colton has been a breakout star for the Avalanche to start this season.

    Six games, six goals — including a pair in each of the club’s two victories.

    “Being able to play with Nate and Mikko has just been a pleasure,” Colton said. “That’s two of the best players in the world. For me, I’m just trying to play my game, try to get open for them. You just find the smallest bit of area on the ice and they find you. It’s been fun.

    “My favorite thing about playing with them is just coming back to the bench and the little things they tell you. It makes a big difference. It goes a long way, knowing that those guys believe in me and we’ve formed a little bit of chemistry.”

    The Avs traded for Colton at the 2023 NHL draft, then signed him to a four-year contract. The plan was make to him the club’s new No. 3 center. He had played there at times, but Colton spent most of his time with Tampa Bay on the wing.

    It wasn’t an easy transition early on last year, but by the end of the year he was a solid player in that spot. With all of those wings out of the lineup this year, Bednar needed him back on the wing.

    And he has delivered, in a huge way. Colton was tied for second in the NHL with his six goals before the games on Monday night.

    “He’s shooting the puck well,” Bednar said. “He’s getting himself into scoring areas. He’s been patient in those areas. He’s been moving in and out, especially in the middle. When he’s getting the opportunities, he’s burying them.

    “I just think he’s playing with a ton of confidence. He’s skating really well. He’s just playing well and he’s fitting in with those guys.”

    Both MacKinnon and Rantanen have praised Colton for his physical play. He isn’t the biggest guy, but he’s fearless when it comes to crashing into defensemen along the walls and behind the net.

    His ability to shoot, particularly on one-timers, has been a revelation. The Avs have scored eight power-play goals, and Colton has three of them. He had three all of last season, in nearly 114 minutes of power-play time.

    Two of his three even-strength goals have looked like the power-play tallies — one-timers from the middle of the ice.

    “I’m just trying to get open for them,” Colton said. “Almost trying not to get in the way. They’re flying around out there, playing with so much speed and pace. For me, I’m just trying to get to the little areas where they can find me.”

    Colton’s goal-scoring surge could present an interesting bit of roster flexibility in the months to come. His career high for goals in a season is 22 with the Lightning, which clearly looks like it could be in jeopardy.

    [ad_2]

    Corey Masisak

    Source link

  • Justus Annunen, Ross Colton help Avalanche win second straight

    Justus Annunen, Ross Colton help Avalanche win second straight

    [ad_1]

    SAN JOSE — The high-flying, supercharged Colorado Avalanche did not show up Sunday at SAP Center, but Justus Annunen made sure that version of the club wasn’t needed.

    Annunen made 25 saves, including a few key ones while the Avs were clearly on the back foot, and Colorado defeated a plucky San Jose Sharks outfit, 4-1. Given the roster limitations — Colorado was again without five of its 10 best players — the Avs need to scratch out as many points as possible.

    “It was huge to get a solid goaltending performance,” Avs coach Jared Bednar said. “Wasn’t a lot of work but he made key saves at key times. We did a nice job of blocking shots in front of him. He looked solid in there. He looked big in there.

    “He lets the one squeak through him on the power play, and from then on he looked better and better as the game went on.”

    After beginning the season with four straight losses, the Avalanche has now won back-to-back contests. Colorado’s next four contests are all against teams that, like Anaheim two nights ago and San Jose, did not make the 2024 Stanley Cup Playoffs.

    Ross Colton scored twice early, then Joel Kiviranta provided a critical insurance goal early in the third period after the Sharks controlled play at times in the middle of this penalty-filled affair. Cale Makar added an empty-net goal as part of a three-point night.

    Makar, Nathan MacKinnon and Mikko Rantanen combined for six points in this game. They have 34 in six games — Makar has 12, which is tied for the NHL lead, while MacKinnon and Rantanen have 11 each.

    “It’s been huge to have them going, because the bulk of our offense is coming from those guys as we’d expect it to, at this point,” Bednar said. “It’s a lot of pressure on them. We talked a little about making sure we’re still focusing on the defense side of it, which they really have in the last (few) games. It’s really paid off, and everyone else is sort of following suit and doing what they can.”

    The first period went exactly as the Avs might have planned, save for the final couple of minutes. Colton gave Colorado a 2-0 lead with his fifth and sixth goals of the season.

    Colton’s first game at 6:23 on the power play. He’s become a fixture in the bumper spot for the top power-play unit with Jonathan Drouin, Valeri Nichushkin and Artturi Lehkonen not available. MacKinnon fed him for a one-timer in the slot. Colton’s first five goals of the season came on one-timers.

    He did not need a one-timer to make it a two-goal advantage. Rantanen feathered a perfect pass to Colton as he got behind the San Jose defense for a goal at 16:37 of the period.

    “(Colton) plays hard. He plays with the edge,” Rantanen said. “On the power play, he’s good in little spots, good at finishing plays like we’ve seen this year. (Jonathan Drouin) is obviously a big part of the power play, but (Colton) has been stepping up.”

    Josh Manson took exception to a hit on John Ludvig and ended up with two roughing penalties instead of a fighting major. The Sharks scored 18 seconds into the power play when William Eklund was left open to the left of Annunen and roofed a shot from in tight with 1:35 left in the period.

    The first period might have been one of Colorado’s best of the season to date, but the second was probably the worst outside of the loss against the New York Islanders. The Avs failed to take advantage of a 5-on-3 early in the period, then took four minor penalties themselves.

    [ad_2]

    Corey Masisak

    Source link

  • MacKinnon scores in OT to lift Avalanche past Ducks 4-3 for 1st win

    MacKinnon scores in OT to lift Avalanche past Ducks 4-3 for 1st win

    [ad_1]

    DENVER (AP) — Nathan MacKinnon scored with 40.1 seconds left on the clock in overtime and the Colorado Avalanche beat the Anaheim Ducks 4-3 for their first win of the season.

    Ross Colton scored two goals, both in the third period, and Casey Mittelstadt, playing in his 200th consecutive game, also had a goal for his 200th career point with a goal for the Avalanche.

    Alexandar Georgiev had 16 saves. Leo Carlsson, Ryan Strome and Troy Terry scored for Anaheim. Lukas Dostal finished with 45 saves.

    Terry scored with 12.6 seconds remaining in regulation to tie the score 3-3.

    Coloradans making a difference | Denver7 featured videos

    Denver7 is committed to making a difference in our community by standing up for what’s right, listening, lending a helping hand and following through on promises. See that work in action, in the videos above.

    [ad_2]

    The Associated Press

    Source link

  • Avalanche have issues to sort out, regardless of who is missing from the lineup

    Avalanche have issues to sort out, regardless of who is missing from the lineup

    [ad_1]

    No team in the NHL is going to win much when five of the top nine or 10 players on the roster are not available.

    For the Colorado Avalanche, that’s just the state of things right now. But the issues for the Avs during an 0-3 start, particularly in an ugly 6-2 loss Monday night to the New York Islanders, go beyond just missing some very good players.

    It’s a pretty simple message: Focus on the process and clean up the areas that the healthy players can control.

    “I think we recognize what we have to improve on,” Avs forward Logan O’Connor said. “We played good enough in games one and two to sort of try and replicate that. Then, for whatever reason, we deviated from our entire game plan and you saw the result (against the Islanders). It wasn’t pretty for us. 

    “We know the aspects of the game that we have to focus on.”

    Most of those aspects involve the part of the game where Colorado does not have the puck. It’s still an incredibly small sample size, but the volume of what the Avs are yielding to the other team has not been the issue.

    It’s the quality. The Avs entered their game Wednesday night against Boston ranked 10th in the NHL in scoring chances against per 60 minutes at 5-on-5, and in the top five in shot attempts allowed per 60.

    High-danger scoring chances are another matter — Colorado is 19th. Given the troubles the goaltenders have had, and the missing players, the margin for error is very slim. Allowing too many Grade-A chances is a recipe for disaster, as the Avalanche has found out.

    “Defensively, we’re giving up too many rush chances, too soft in front of our net,” O’Connor said. “I think it’s just stick to the habits that have given us success in the past, the execution and the competitiveness. That’s an area we probably lacked in last was our competitive urgency, especially in the defensive zone.

    “Giving guys too much time and space, not playing hard enough at our net front — I think those are areas that if we clean those areas up within our structure, we should be able to have success. We have been pretty good offensively with generating chances, but we’re giving up way too much.”

    The Avalanche began this season without Gabe Landeskog, Valeri Nichushkin and Artturi Lehkonen, three forwards who are all dynamic offensive players. Colorado lost Jonathan Drouin after the first game, and defenseman Devon Toews is set to miss his second straight contest against the Bruins.

    While those are all strong offensive players, the Avs have not felt their absence with the puck nearly as much as they have without it. All of the offensive numbers, traditional or advanced, have been strong.

    But those four forwards are also all strong two-way players. They make a significant impact without the puck as well. That’s the part of their games that Colorado appears to be missing the most so far this season.

    “They’re very trusted, highly reliable, good-to-great defensive players,” Avs coach Jared Bednar said. “But, the message is … realistically, checking and playing away from the puck — yeah, there’s skill and ability involved in that, but it’s hard work and commitment. Those are two (things) that we keep bringing up. 

    Bednar thought Toews could be a possibility to play Wednesday night, but he remains out with a lower-body injury. There isn’t a timeline for any of the four forwards right now, though Lehkonen could return early next month if the checkup on his surgically repaired shoulder at the end of this month goes well. Nichushkin can’t return until mid-November at the earliest, but he’ll likely need time after being reinstated to get up to game speed.

    [ad_2]

    Corey Masisak

    Source link

  • Avalanche signs forward Jason Polin to one-year contract

    Avalanche signs forward Jason Polin to one-year contract

    [ad_1]

    The Colorado Avalanche signed its final restricted free agent remaining Friday, inking forward Jason Polin to a one-year contract.

    Polin, 25, was an undrafted free agent from Western Michigan at the end of the 2022-23 season. He had one goal in seven games with the Avalanche in his first full season as a pro, spending most of his year with the Colorado Eagles in the AHL.

    He had four goals and 10 points in 42 games for the Eagles. The 6-foot, 198-pound forward is likely to begin next season with the Eagles, but could be an option as an in-season callup again.

    [ad_2]

    Corey Masisak

    Source link

  • Avalanche Weathers The Storm – Can AVAX Hit $40 Again?

    Avalanche Weathers The Storm – Can AVAX Hit $40 Again?

    [ad_1]

    The cryptocurrency market continues to navigate a sea of uncertainty, and Avalanche (AVAX) is no exception. While AVAX has displayed some resilience compared to its altcoin peers, a closer look reveals a market grappling with conflicting signals – a mix of cautious optimism and underlying unease.

    Related Reading

    Bullish Whispers Or A Mirage?

    The future of AVAX remains shrouded in uncertainty. While some positive signs exist, like relative outperformance and pockets of bullish sentiment, they are countered by concerning metrics like dwindling market control and a significant drop in trading activity.

    Avalanche: Resistance Levels Loom Large

    A look at AVAX’s six-month chart reveals a rollercoaster ride, characterized by sharp peaks and troughs. This volatility highlights AVAX’s susceptibility to broader market trends and its dependence on specific developments within its ecosystem.

    Over the past few months, AVAX has exhibited a pattern of price spikes followed by equally sharp corrections. Currently, the altcoin seems to be consolidating around the $38 mark after a recent dip from April’s highs.

    Avalanche is currently trading at $37. Chart: TradingView

    If AVAX can maintain support around the crucial $35 level, there’s a possibility for a northward trajectory, especially if a broader bull run materializes in the cryptocurrency market.

    However, significant resistance awaits at $48 and $53 – price points that AVAX has repeatedly tested and failed to surpass in recent months. A sustained breakout above these levels would signal a significant shift in momentum, potentially propelling AVAX towards the $80 or even $100 mark by the third quarter.

    A Tale Of Two Markets: Where Do Traders Stand?

    The trading scene surrounding AVAX presents a curious dichotomy. Coinglass data reveals a staggering 60% drop in trading volume, signifying a significant decline in market activity. This is further corroborated by a relatively balanced long/short ratio across various platforms, suggesting overall indecision among traders regarding AVAX’s future.

    Source: Coinglass

    However, a glimmer of bullish sentiment emerges from Binance, a prominent cryptocurrency exchange. Here, the long/short ratio skews considerably higher, indicating a potentially more optimistic outlook among individual traders on this specific platform.

    Meanwhile, with a 40% rating on the Fear and Greed Index, the current status of the AVAX market is characterized by neutral mood, indicating that investors have balanced opinions.

    Source: CFGI.io

    Related Reading

    Losing Dominance, Waning Interest?

    AVAX’s struggles extend beyond trading. The altcoin seems to be loosening its grip on market share, with search interest also declining. This translates to a lack of market control and potentially waning general interest – not exactly the recipe for success for a token aiming for significant gains.

    Featured image from Summitpost, chart from TradingView

    [ad_2]

    Christian Encila

    Source link

  • Keeler: Avalanche gave Valeri Nichushkin a second chance. He blew it. It’s time to move on.

    Keeler: Avalanche gave Valeri Nichushkin a second chance. He blew it. It’s time to move on.

    [ad_1]

    Sleepless in Seattle, Doomed in Denver. Two straight postseasons. Two straight playoff exits for Valeri Nichushkin.

    It’s been real, Val. Lord, it’s been glorious. But this is your stop.

    The Avalanche title train needs engines it can rely on.

    You weep for the man. You rage at the loss. You wonder about the Avs front office, which circled the wagons, protected and enabled their troubled winger. Only to be burned again.

    It’s over. It’s time.

    The championship window won’t wait.

    Nathan MacKinnon turns 29 in September. Mikko Rantanen’s 28th birthday falls a month later. Gabe Landeskog will be 32 a month after that.

    The Avs are on the clock.

    And the timing couldn’t be worse.

    Roughly an hour before Colorado dropped the puck on a pivotal Game 4 at home in their second-round Stanley Cup Playoffs series Monday night with the Dallas Stars, the NHL and NHLPA jointly dropped the bomb on the player nicknamed Nuke.

    Nichushkin, the announcement read, had been placed in Stage 3 of the NHL Player Assistance Program but did not disclose why. Which means he’s suspended without pay for six months, and eligible to apply for reinstatement after that.

    In other words, not just whatever’s left of this year’s postseason run — but at least a month into the regular season of 2024-25 as well.

    Tick. Tick. Tick.

    The clock doesn’t just apply to the window, either.

    Nichushkin has a whopping six seasons left on an eight-year, $49-million deal inked after he lifted Lord Stanley high. It’s turned into Kris Bryant minus the laugh track, bad money wasted by a good organization.

    The kicker? Val’s got a 12-team no-trade clause that kicks in on June 15, 2025.

    If he can’t help you reel in another Cup, it’s time to cut bait.

    Let someone else take this challenge on.

    Nichushkin’s got too much talent to give up, you say. Absolutely true. He’s also too unreliable to lean on anymore as a piece of this championship puzzle, too much of a risk to be a pillar for the core.

    After the mysterious departure in Seattle, his absence for treatment this past winter and Monday’s suspension, can the Avs, his brothers, trust him? Can MacKinnon, who tolerates fools about as much as he tolerates defenders? Can Colorado fans?

    Because it’s the brilliance that breaks your heart. The Choo Choo Train, who spent much of the winter in the NHL’s Player Assistance Program, was exemplary this postseason. His nine playoffs goals as of Monday afternoon were tied for the most in the league. His six-game streak of lamp-lighting to open a Cup run is an Avalanche record and fell one shy of the league mark.

    [ad_2]

    Sean Keeler

    Source link

  • PHOTOS: Colorado Avalanche lose to the Dallas Stars 4-1 in Game 3 of 2024 NHL Stanley Cup Playoffs second round

    PHOTOS: Colorado Avalanche lose to the Dallas Stars 4-1 in Game 3 of 2024 NHL Stanley Cup Playoffs second round

    [ad_1]

    Colorado Avalanche right wing Valeri Nichushkin (13), Nathan MacKinnon (29) and Colorado Avalanche right wing Mikko Rantanen (96) celebrate Rantanens goal against the Dallas Stars in the second period of Game 3 of the second round of the 2024 NHL Stanley Cup Playoffs in Denver on Saturday, May 11, 2024. (Photo by Andy Cross/The Denver Post)

    [ad_2]

    Andy Cross

    Source link

  • Avalanche (AVAX) Price Dips As Market Turbulence Persists

    Avalanche (AVAX) Price Dips As Market Turbulence Persists

    [ad_1]

    AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward.

    Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to drop in the next couple of days. As of the time of writing, the price of AVAX was trading around $33.52 and about 0.22% down in the last 24 hours.

    Technical Indicators Point Toward A Sustained Downtrend For AVAX

    To figure out where the AVAX price might be headed next, the following indicators can be used to examine the chart.

    4-Day MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending below the zero line, and both the MACD line and the Signal line crossed each other while trending below the MACD zero line, indicating a continuous movement on the downside. This can be seen in the below image.

    4-Day RSI: The formation of the Relative Strength Index (RSI) in the above image also suggests a downward continuation movement as the RSI signal line is seen to have moved above the 50% level and then dropped below it. This suggests that sellers are still very much active in the market therefore overpowering the strength of buyers.

    Alligator Indicator: A look at the alligator indicator from the 4-hour time frame shows that AVAX is trading below the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw. It can also be seen that the price tried to move above the alligator lines but failed to do so, suggesting that the price might continue to move in its downward direction.

    AVAX

    The Coin Could Form A New Low

    Conclusively, from the previous downward movement, AVAX has formed two resistance levels of $39.94 and $36.15 and a support level of $30.34. Currently, AVAX is moving toward this support level and if it breaks above this level, the price might drop even further to create a new low. 

    On the contrary, if the price fails to break above this support, it will reverse and start an upward movement toward its previous resistance level of $36.15. Should AVAX manage to break above this resistance level, the price might move further to test the $39.94 resistance level.

    AVAX
    AVAX is trading at $33.44 on the 1D chart | Source: AVAXUSDT on Tradingview.com

    Featured image from Shutterstock, chart from Tradingview.com

    [ad_2]

    Godspower Owie

    Source link

  • One year removed from cartilage transplant surgery, Avalanche captain Gabe Landeskog has more work left before potential return

    One year removed from cartilage transplant surgery, Avalanche captain Gabe Landeskog has more work left before potential return

    [ad_1]

    Gabe Landeskog has been joining his Colorado Avalanche teammates on the ice with more regularity in a tracksuit as the 2024 Stanley Cup Playoffs have progressed. But it doesn’t sound like he’ll be out there in full gear in the immediate future.

    Friday is the one-year anniversary of Landeskog’s cartilage transplant surgery in his right knee. The Avs have said the recovery timeline for this procedure is 12 to 16 months.

    “Yeah, I don’t think he’s there yet,” Avs coach Jared Bednar said. “He is making progress, though. The work he’s doing both on and off the ice, the intensity is gradually getting greater and greater. So that’s a positive sign. More resistance, harder work. You know, as much as it will allow while still being cautious.”

    Landeskog has been skating on his own, sometimes just before the Avalanche practice at Family Sports Center. He’s also progressed from watching practices and morning skates from the bench to joining his teammates, but in an outfit more suited for an assistant coach.

    Colorado’s captain has undergone four procedures on his knee since being cut by Cale Makar’s skate in a freak accident during the 2020 playoffs. This is the second consecutive regular season where Landeskog has been unable to play, but the timeline did leave open the possibility that he could rejoin the Avalanche if the club advances deep enough into the 2024 tournament.

    [ad_2]

    Corey Masisak

    Source link

  • Keeler: O, Captain! Avalanche needs leader to deliver message to Stars goon Jamie Benn that Gabe Landeskog can’t

    Keeler: O, Captain! Avalanche needs leader to deliver message to Stars goon Jamie Benn that Gabe Landeskog can’t

    [ad_1]

    DALLAS — Jamie Benn needs to “feel” you, as Nuggets coach Michael Malone likes to say. Right between the ears.

    If the NHL won’t send a message to Benn, the Dallas Stars’ goon in green, then the Avalanche must. Starting with Game 3 Saturday night at Ball Arena.

    Legal hit? More like calculated assault. At worst, the Dallas captain should’ve seen five minutes in the sin bin for his cheap shot of Avs defender Devon Toews some 2:43 into the second period of Game 2.

    Benn launched. He left his feet. Toews’ head snapped like a crash test dummy. Officials declared it a shoulder-on-shoulder crime and suggested we all move on. To paraphrase my best pal Deion Sanders, that’s some bull junk, right there.

    For one, even if the Stars winger was aiming for Toews’ shoulder, at least one angle showed him connecting directly with No. 7’s neck. Which, last I checked, is connected to and immediately south of the head.

    “I mean, does he catch a piece of his shoulder? Yeah, I guess you could argue that,” Avs coach Jared Bednar, whose team returns to Denver after a road split at American Airlines Center, replied when I asked about the collision. “But the target is high and it’s at his head, and he makes contact with the head. And I’ve seen, many times, guys get called for the head shot and penalty with a lot less than that. But I guess they didn’t think so.”

    Two, Benn knew exactly what he was doing. The Stars knew what he was doing. Dallas coach Pete DeBoer, whose Vegas teams delighted in pushing the Avs around in the postseason, knew darn well.

    “Benner has been outstanding in this playoff. I thought against Vegas he did and he did (it) smart,” the Stars boss said late Thursday night. “He did it at the right times and he did it clean. But his presence physically is having an impact for us in these playoffs in a real positive way.’’

    Kareem Jackson, my man, you chose the wrong sport. DeBoer woulda loved you.

    In the NFL, Benn’s shot is an ejection, a fine, a suspension and a chat with the safety cops.

    In the NHL, it’s a “real positive” presence, a strategic wrinkle in a no-holds-barred, merciless bracket.

    [ad_2]

    Sean Keeler

    Source link

  • 2 skiers killed after being caught in Utah avalanche following late spring snowstorms, sheriff says

    2 skiers killed after being caught in Utah avalanche following late spring snowstorms, sheriff says

    [ad_1]

    Two skiers were killed and one was rescued after an avalanche Thursday in the mountains outside of Salt Lake City that occurred after several days of spring snowstorms, authorities said. Video above: Skiing safety tips during avalancheA rescue team responded just after 10 a.m. to an avalanche reported near Lone Peak in the Wasatch Range southeast of Salt Lake City, Salt Lake County Sheriff Rosie Rivera said.One of the skiers, who was able to dig himself out of the snow, had been rescued by midday and was taken to the hospital, Rivera said. A rescue team in a helicopter flew over the area and confirmed the other two men were deceased, Rivera said. They are two men, ages 23 and 32. Their names have not been released.Conditions were not safe enough to allow for a recovery on Thursday, and crews planned to go out Friday morning, weather permitting, Rivera said.Rivera said she believed the man who was rescued was the one who called for help. Officers were speaking with him at the hospital to get more information about what happened, the sheriff said.The skiers hiked into the area Thursday morning, she said.Craig Gordon with the Utah Avalanche Center said about 2.5 feet (76 centimeters) of heavy, wet snow fell in the area in the past three days.The skiers would have had to have been very experienced to even be in the “very serious terrain,” he said.

    SANDY, Utah —

    Two skiers were killed and one was rescued after an avalanche Thursday in the mountains outside of Salt Lake City that occurred after several days of spring snowstorms, authorities said.

    Video above: Skiing safety tips during avalanche

    A rescue team responded just after 10 a.m. to an avalanche reported near Lone Peak in the Wasatch Range southeast of Salt Lake City, Salt Lake County Sheriff Rosie Rivera said.

    One of the skiers, who was able to dig himself out of the snow, had been rescued by midday and was taken to the hospital, Rivera said.

    A rescue team in a helicopter flew over the area and confirmed the other two men were deceased, Rivera said. They are two men, ages 23 and 32. Their names have not been released.

    Conditions were not safe enough to allow for a recovery on Thursday, and crews planned to go out Friday morning, weather permitting, Rivera said.

    Rivera said she believed the man who was rescued was the one who called for help. Officers were speaking with him at the hospital to get more information about what happened, the sheriff said.

    The skiers hiked into the area Thursday morning, she said.

    Craig Gordon with the Utah Avalanche Center said about 2.5 feet (76 centimeters) of heavy, wet snow fell in the area in the past three days.

    The skiers would have had to have been very experienced to even be in the “very serious terrain,” he said.

    [ad_2]

    Source link