Avalanche Rises More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (AVAX) has seen a significant price increase of 9.27% in the last 24 hours, reaching $23.67. Over the past week, the price has risen by over 11%, from $20.65. The coin's all-time high is $144.96. Trading volume has increased by 24% over the past week, while the circulating supply has decreased by 1.71%, now at 365.22 million coins, approximately 50.73% of the max supply. AVAX's market cap is currently ranked #13 at $8.65 billion.
December 05, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Avalanche (AVAX) has experienced a significant price surge of 9.27% in the last 24 hours, and an 11% increase over the past week, indicating strong recent performance.
The sharp increase in price and trading volume for Avalanche (AVAX) suggests a strong bullish sentiment in the short term. The decrease in circulating supply could further drive up the price if demand remains high. However, the crypto market is known for its volatility, and such trends can reverse quickly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100