Avalanche Up More Than 11% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a significant increase of 11.88% in its price over the past 24 hours, reaching $39.17. Over the last week, AVAX has surged by 81.0%, rising from $22.06. Despite the recent gains, it is still below its all-time high of $144.96. The trading volume for Avalanche has increased by 475.0% over the past week, and its circulating supply has risen by 0.08%, now at 365.75 million coins, approximately 50.8% of its max supply. Avalanche currently holds the #10 market cap ranking at $14.32 billion.
December 12, 2023 | 3:00 pm
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POSITIVE IMPACT
Avalanche (AVAX) has experienced a significant price increase and a surge in trading volume, indicating strong market momentum that could attract more investors in the short term.
The substantial increase in price and trading volume for Avalanche suggests a strong bullish sentiment in the market. The recent gains and increased market activity could lead to continued investor interest and potential further price increases in the short term. However, the volatility of the cryptocurrency market should be considered, as it can lead to rapid price changes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100