Avalanche Rises More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (AVAX) has seen a significant price increase of 7.76% in the last 24 hours, reaching $42.76. Over the past week, the cryptocurrency has risen over 10%, up from $39.11. Despite this recent growth, it remains well below its all-time high of $144.96. Trading volume has decreased by 45% over the past week, while the circulating supply has increased by 0.34% to 365.63 million, approximately 50.78% of the maximum supply. AVAX currently ranks 10th in market cap at $15.75 billion.
December 20, 2023 | 3:02 pm
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Avalanche (AVAX) has experienced a 7.76% price increase in the last 24 hours and a 10% increase over the past week, with its price now at $42.76. The trading volume has decreased significantly, and the circulating supply has slightly increased.
The price increase of AVAX over the past 24 hours and week indicates a strong short-term bullish trend, which could attract more investors and traders, potentially driving the price up further in the short term. However, the significant drop in trading volume could suggest a decrease in trading interest or consolidation after the recent price surge, which might temper the short-term impact. The increase in circulating supply is relatively small and is unlikely to have a significant impact on the price in the short term.
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