Kraken is doubling down on trader empowerment. By increasing margin trading leverage from 2x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.

Margin leverage is increasing for five of our most popular crypto assets: ADA, LINK, AVAX, SUI and LTC!

10x margin trading is now available for:

Why Kraken’s 10x leverage is a win for traders

• Greater capital efficiency
  Trade larger positions with less capital, freeing up funds for other opportunities.
• More dynamic strategies
  React quickly to market moves and execute short-term strategies more effectively.
• Enhanced risk/reward management
  Amplify potential gains (and losses) with tools to help manage risk intelligently.
• Same security. More power.
  Enjoy increased leverage with Kraken’s trusted security and infrastructure.

Here’s some more information about the tokens:

Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It’s powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.

Chainlink (LINK) is a decentralized oracle that provides external data to smart contracts. Using reputation and validation systems to reward honest behavior among tamper-proof oracles, the Chainlink network connects smart contracts to real world data, events and payments. The cryptocurrency that powers the network is LINK, an ERC-20 token that incentivizes oracles – third party blockchain data sources – to maintain service level agreement (SLA) standards.

Avalanche (AVAX) is a system that serves as a foundation for a new wave of decentralized applications (or dApps). Consisting of three interoperable blockchains, it aims to deliver high throughput without sacrificing scalability.

Sui Network (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.

Litecoin (LTC) is a BTC fork with faster transaction confirmations. Litecoin (LTC) was released in 2011 as a fork of Bitcoin with the primary difference being a decreased block processing time, 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for faster confirmation of transactions. Litecoin also features improved storage efficiency and a slightly different proof-of-work mining mechanism than Bitcoin.

Before you start, what you should know:

In order to trade using margin, you will need to hold at least one collateral currency.

The availability of margin trading services is subject to certain limitations and eligibility criteria.

Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

Ready to trade but don’t have a Kraken account yet? Sign up today!

Avalanche’s native token Avax .CWP-Coin-Chart SVG Pass {Strokewid: 0.65! Important; }

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24 hours volume

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With the market attention following a breakout that outweighed serious resistance, and the launch of the Maplestory N was just around the corner, the momentum could only start.

Avax has recently surged over 10%, punching the $20.40 resistance and briefly touching on $22.40 before merging the nearly $21 integration.

The Avalanche ecosystem is hotter than ever, with its total value (TVL) locked at $1.29 billion, up 6.8% from last month’s $119 billion.

Native token, $ avaxDespite a 23.62% DIP over the past 30 days, the market capitalization is $20.99 and the market capitalization is $8.8 billion. Analysts predict… pic.twitter.com/smslkcegt8

-Xlikrypto (@ElikRypt) May 1, 2025

The move, backed by substantial trading volumes and bull flags in chart textbooks, shows a reversal of potential trends after months of integration. Currently, technical support is $19.50 and we can see $25 as our next upside test.

Avalanche Crypto pushes high with Gamefi’s wishes

But pushing avax beyond just a chart pattern is the high-stakes entry for Maplestory N, the Web3 revival of Nexon’s legendary RPG franchise.

The countdown has just begun to start.

✦ Get ready to mint new stories from MaplestoryN pic.twitter.com/ihu8zxvael

-Maplestory Universe (@maplestoryu) May 1, 2025

This isn’t just the Gamefi Fluff that powered nostalgia. Maplestory N boasts nearly 1 million registered wallets and over 31 million chain transactions since the testing phase. This is an eye-opening recruitment metric that is way above the average Web3 Game Rollout.

More importantly, this is not a side experiment. This is the launch of the flagship at Nexon’s Maplestries Universe. This pivoted from polygons to avalanches last year for scalability and performance.

Discover: Best New Cryptocurrencies to Invest in 2025

What is this problem for Avax Holders?

First, avalanches benefit from network-level value. Unlike many L1s that host generic GameFi projects, Avalanche custom subnets like Henesys allow gas pricing and trading activities to directly support Avax Economics. As activity at Henesys increases, Avax staking and gas demand could rise in parallel.

Secondly, this is a rare intersection between mainstream gaming IP and Crypto-Native infrastructure. Maplestory is not a Defi agricultural simulator. It is a globally recognized franchise with over 250 million lifetime players and now offers on-chain assets that can be traded through the avalanche infrastructure.

So of course, Maplestory N was able to redefine the Web3 game benchmark and spotlight Avalanche as the go-to chain of legacy game studios.

Discover: Buy Now 12+ Hottest Crypto-Precels

Avax Price Shifts Bullish: Everything you need to know

Price-wise, if Avax maintains its current bullish structure and volume trajectory, the $27 resistance will be a short-term breakout zone. That level of clear flip can ignite a move to $30-33, especially when macro-essence is advantageous, and Bitcoin maintains buoyancy of over $60,000.

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Looking further, the Parabolic Association rally up to $50 in May is unbelievable, but it could require both a Maple Story Blowout launch and a broader altcoin surge.

Still, analysts are currently pegging the average trading corridor in May, ranging from $24-28, offering potential accumulation zones below $18.

Discover: Best Meme Coin ICO to Invest Today

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

At the launch of Maplestory n GameFi, close to the launch of Maplestory n GameFi, Avalanche’s Avax Gear in the $30+ Rally first appeared in 99 Bitcoin.

Standard Chartered has initiated coverage on Avalanche (AVAX) with a bullish long-term outlook, forecasting a 10x price increase by 2029.

The move follows growing momentum in the digital asset space as market participants begin reassessing winners in the wake of macroeconomic uncertainty and shifting technology fundamentals.

In a note shared with CryptoSlate on April 2, the bank’s head of digital assets, Geoffrey Kendrick, described Avalanche as “the winner in EVM chains,” emphasizing its strong scalability roadmap and rising developer adoption, especially following Ethereum’s (ETH) latest upgrade.

Kendrick wrote:

“One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in Digital Asset prices. I think Bitcoin is one winner… I think Avalanche will be another.”

Etna upgrade

Avalanche, a smart contract platform built with Ethereum-compatible tooling, has long positioned itself as a high-speed alternative to Ethereum (ETH).

According to Kendrick, the network’s unique architecture, built around customizable subnets, has gained new relevance after the Etna upgrade in December 2024.

The Etna upgrade removed the requirement for AVAX staking when establishing subnets, effectively reducing the cost and complexity of launching on Avalanche.

Kendrick highlighted that early signs of success are already visible: approximately one-quarter of all subnets are now EVM-compatible, and several developers have already migrated from Ethereum’s Layer-2 ecosystem to Avalanche.

“This scaling solution received a significant boost. We expect improved scalability to drive activity and value to the Avalanche network.”

The research also cited Avalanche’s modular framework and active ecosystem growth as supporting factors for long-term price appreciation.

AVAX projected to outpace BTC and ETH

Standard Chartered’s price targets show AVAX climbing from its current price of around $35 to $120 by the end of 2025, $207 in 2026, $269 in 2027, and ultimately reaching $350 by 2030.

Such a trajectory implies a 10x return over the next five years, outpacing the firm’s projected gains for Bitcoin and Ethereum.

Bitcoin (BTC) is expected to rise from its current range to $200,000 by 2025 and $250,000 by 2030. Meanwhile, the firm’s Ethereum’s forecast is more muted, with ETH/USD targets set at $4,000 in 2025 and $8,000 by 2030.

Kendrick previously flagged structural concerns with Ethereum in a separate note titled “Midlife Crisis,” expressing skepticism about its long-term competitiveness amid rising Layer 1 alternatives and ecosystem fragmentation.

In contrast, Avalanche’s streamlined scaling approach, fast finality, and growing traction among developers make it a prime beneficiary of Ethereum’s congestion and cost issues.

Kendrick wrote:

“I like the scalability solution AVAX offers, especially post-Etna upgrade.”

Mentioned in this article

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US.

The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX.

Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to the Ethereum (ETH) rival.

Coinbase Custody will serve as the custodian for Grayscale’s Avalanche ETF if it’s approved. The crypto asset manager also hopes to launch funds tied to Cardano (ADA), Solana (SOL), XRP and Hedera (HBAR).

The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

Two financial firms, Franklin Templeton and Hashdex, also launched joint BTC-ETH ETFs earlier this year.

AVAX is trading at $20.36 at time of writing. The 17th-ranked crypto asset by market cap is down nearly 8% in the past 24 hours.

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Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market.

On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC).

Despite the ETF filing, AVAX’s price is down more than 7% in the last 24 hours to $20 as of press time, according to CryptoSlate’s data.

Avalanche ETF

According to the filing, the fund’s goal is to mirror the market value of AVAX—the native token of the Avalanche blockchain—based on a benchmark index.

It continued that while the product would not allow investors to hold AVAX directly, the ETF offers a streamlined way to gain exposure to the asset. Nasdaq stated that the ETF aims to deliver this access with lower costs and fewer technical barriers compared to self-custody or using crypto exchanges.

The filing noted that CSC Delaware Trust Company will serve as the fund’s trustee, and Coinbase Custody Trust Company will handle custodial services.

Meanwhile, BNY Mellon is expected to take on administration and transfer agent duties, while Foreside Fund Services will manage marketing. CoinDesk Indices, Inc. will provide the benchmark index to track AVAX’s price.

It’s possible that the ETF could transform Grayscale’s existing Avalanche Trust into a publicly traded product. The trust manages around $1.7 million in assets and carries a 2.5% annual fee.

Meanwhile, Grayscale isn’t the only firm exploring AVAX ETFs. Earlier in the month, asset manager VanEck also filed paperwork with the SEC for a similar product, signaling a broader trend of institutional interest in Avalanche.

Emin Gün Sirer, founder and CEO of Ava Labs, welcomed the growing focus on AVAX ETFs. He said these products represent a fresh way for investors to interact with advanced blockchain infrastructure without needing deep technical know-how.

VanEck has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC) for a proposed Avalanche exchange-traded fund (ETF), aiming to provide investors with direct exposure to AVAX.

According to the filing, the VanEck Avalanche ETF will hold AVAX directly and value its shares based on the MarketVector Avalanche Benchmark Rate, which aggregates pricing data from the five largest trading platforms, as determined by CCData’s exchange benchmark report.

This filing follows VanEck’s recent registration of the Avalanche ETF in Delaware, signaling the firm’s intent to expand its lineup of crypto investment products.

VanEck has yet to disclose the ETF’s ticker symbol.

Altcoin ETFs gain momentum

The move comes as asset managers push for ETFs linked to cryptocurrencies beyond Bitcoin and Ethereum.

Since the SEC approved spot Bitcoin ETFs in January and recently gave the green light to Ethereum-based products, firms have been exploring the potential for ETFs backed by alternative digital assets.

Bloomberg ETF analysts have provided approval odds for various altcoin-based ETFs, estimating a 90% chance for Litecoin, while XRP and Solana face lower probabilities.

Avalanche’s track record, including its use in financial innovations like Franklin Templeton’s tokenized fund, could support its case for approval.

Regulatory climate

The SEC has historically approached crypto ETFs with caution, citing concerns over market manipulation and investor protection.

However, shifting regulatory attitudes under President Donald Trump’s administration and the establishment of a Crypto Task Force have raised expectations for a more open stance toward digital asset products.

While the SEC’s response to VanEck’s Avalanche ETF remains uncertain, analysts view the firm’s application as a test case for broader adoption of altcoin ETFs.

If approved, it could open the door for additional blockchain-based investment vehicles and further integrate cryptocurrencies into traditional finance.

Mentioned in this article

The global investment management giant VanEck has filed for a new Avalanche (AVAX) exchange-traded fund (ETF) in the US.

Documents submitted to the state of Delaware this week hint at the new possible ETF, which presumably would be tied to the price of the Ethereum (ETH) layer-1 rival.

VanEck currently offers ETH and Bitcoin (BTC) ETFs and has filed for a Solana (SOL) exchange-traded fund, which has yet to be approved. Matthew Sigel, the firm’s head of digital assets research, said last summer that the SOL filing was a bet on Donald Trump winning the presidency.

The investment giant has also applied to launch an “Onchain Economy ETF,” which will not invest in digital assets themselves but instead will focus on digital asset instruments, such as futures contracts and digital transformation companies.

AVAX is trading at $17.81 at time of writing. The 20th-ranked crypto asset by market cap is up more than 6.5% in the past 24 hours but down more than 11% in the past seven days.

The U.S. Securities and Exchange Commission (SEC) greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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