Avalanche's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche's (CRYPTO: AVAX) price has risen by 3.51% in the last 24 hours to $40.85, despite a weekly downtrend with a 9.0% loss from $44.88. The coin's all-time high is $144.96. Trading volume decreased by 17.0% over the past week, and the circulating supply dropped by 0.5% to 366.34 million, approximately 50.88% of the max supply. AVAX's market cap is currently ranked #10 at $15.04 billion.
January 02, 2024 | 3:02 pm
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POSITIVE IMPACT
Avalanche (AVAX) has seen a 3.51% price increase over the last 24 hours, countering its weekly 9.0% decline. The trading volume has decreased, and the circulating supply has slightly contracted.
The short-term price increase of 3.51% is a positive signal for investors, indicating a potential rebound from the weekly downward trend. However, the decrease in trading volume could suggest less market activity, which might limit the upside potential. The reduction in circulating supply could be seen as a positive factor for price if demand remains constant or increases.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100