Cryptocurrency Avalanche Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Avalanche (AVAX) has seen a price increase of 3.97% over the past 24 hours, reaching $9.24. Over the past week, AVAX has risen over 5.0%. However, the trading volume for the coin has fallen 12.0% over the past week, along with a 0.05% decrease in circulating supply. The current market cap ranking for AVAX is #24 at $3.27 billion.
September 28, 2023 | 7:00 pm
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Avalanche (AVAX) has seen a price increase but a decrease in trading volume and circulating supply. This could indicate a potential supply-demand imbalance.
The price of Avalanche (AVAX) has increased, which is generally a positive sign. However, the decrease in trading volume and circulating supply could indicate a potential supply-demand imbalance. If the supply continues to decrease while demand remains high, this could further drive up the price. However, if demand decreases, the price could fall.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100