Avalanche gains almost 15% despite 3% Bitcoin correction

Bitcoin's fall near $70,000 has caused a pullback among most altcoins, but so far the level is defended, and Microstrategy (MSTR.US) shares are resisting declines, indicating that the market does not expect a deeper crypto market correction. The Avalanche cryptocurrency is trading at its highest levels in nearly 2 years and is climbing to levels not seen since spring 2022.

• Avalanche is one of the few gainers today and has overcome significant resistance at $50 per token. The nearly 15%, speculative rally comes after blockchain Avalanche gained the prospect of entering the gaming sector. Together with Korean company MapleStory, the entities will launch a blockchain-oriented multiplayer online MMORPG.
• The production, named MapleStory, is expected to offer unique features and reward systems, in the form of AVA tokens. Ultimately, players will be able to use the Avalanche cryptocurrency in the virtual world, receiving and competing for rewards.  
• The game is expected to come to PC in late 2024, and is expected to use Avalanche Subnet's technology to build custom blockchain solutions within a player-centric set of decentralized applications. MapleStory moved from Polygon's network to Avalanche because of Ava Lab's server development support.

Avalanche chart (D1)
Source: xStation5