Cryptocurrency Avalanche Rises More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Avalanche (AVAX) has seen a price increase of 8.52% in the past 24 hours, continuing its positive trend over the past week with a 20.0% gain. However, the trading volume for the coin has fallen 25.0% over the past week, along with a 1.25% decrease in circulating supply. The current market cap ranking for AVAX is #21 at $4.92 billion.
November 09, 2023 | 3:02 pm
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NEUTRAL IMPACT
Avalanche (AVAX) has seen a significant price increase but a decrease in trading volume and circulating supply. This could indicate a potential price correction in the short term.
While the price of Avalanche (AVAX) has increased, the decrease in trading volume and circulating supply could indicate a lack of liquidity and potential for a price correction. Investors should monitor these factors closely.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100