Over the last week of August, the altcoin market has shown resilience, with Bitcoin Cash (BCH) and Avalanche (AVAX) topping the recovery gainers list. Both projects have undergone technical upgrades with an expanded ecosystem that traders view positively. Meanwhile, analysts believe MAGACOIN FINANCE is garnering attention as an early one to monitor.
Bitcoin Cash Shows Technical Strength
Bitcoin Cash is currently trading between $550 and $590, holding steady after recently breaking out from a multi-year wedge. Strong resistance is present at the $620-$640 level, with significant support at the $532 mark. Analysts state that if BCH remains above $565, it can rally toward short-term targets of $640-689.
Some forecasts outline a path toward $1,000 in 2025, but the consensus is much more restrained, at $560–$700 for the next quarter. The optimistic attitude comes after a series of upgrades in 2025 related to the litecoin network that removed smart contract limits, increased the efficiency of the VM and brought the CashScript SDK for cheap DeFi and NFT implementations.
CashTokens, tokenization features on BCH, and the Knuth node upgrade, which reduced block validation times, all facilitate ecosystem growth. Tether may no longer support USDT for BCH’s SLP token layer, but developers are focused on enhancing the capacity of BCHs payments network and developing new DeFi projects.
Avalanche’s Ecosystem Expansion
Avalanche moved back into the $24.33 – $24.44 range after bouncing off of the summer lows though sentiment has remained mixed in these near term. AVAX is expected to stay between $24 and $26 till September in the near term. In the long term, the adoption can take it to a price level of $69–$107 by 2029.
The recent Octane upgrade has been a clear driver of the growth with transaction fees slashed by 42.7%, while daily C-Chain transactions surged above 1.5 million. Active addresses are up 57%, which means things are going well for the network and development teams.
Institutional engagement is also boosting confidence. Recently, SkyBridge tokenized hedge funds on Avalanche worth $300M while Wyoming launched the FRNT stablecoin through Avalanche-Visa integrations.
MAGACOIN FINANCE Mentioned as an Early-Stage Play
Amid the discussion around BCH and AVAX, analysts note that MAGACOIN FINANCE is gaining momentum in retail and online investor circles. With more than $13M raised and scarcity-driven tokenomics, the project has been described as a new gem gaining traction ahead of listings. For some traders, it represents an high growth potential play that complements larger-cap recoveries.
Conclusion
Bitcoin Cash and Avalanche are the top gainers in terms of recovery this week, thanks to network upgrades, institutional activity, and robust on-chain data. The rallies’ sustainability will depend on market momentum in coming weeks. While weighing their options, many investors keep MAGACOIN FINANCE on their radar as it continues to be a bright spot among top tier tokens.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
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