Avalanche Up 7% On The Day, Part Of Former White House Staff Portfolio: 'High-Quality Great Core Asset'
Portfolio Pulse from Khyathi Dalal
Avalanche (AVAX) experienced a 7% increase in its trading session on Friday, ahead of its largest token unlock scheduled for the last week of February. The unlock will release 9.5 million AVAX, worth approximately $322 million. This event marks the largest token unlock for Avalanche, with 57.7% of AVAX already in circulation. Over the past week, Avalanche's price has increased by 10.2%, and its NFT sector is seeing rapid growth with new projects. Former White House Communications Director Anthony Scaramucci mentioned Avalanche as part of his portfolio, describing it as a high-quality asset. Market analysts predict a bullish future for AVAX, with targets ranging from $230 to $285.
February 02, 2024 | 8:58 pm
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Avalanche (AVAX) sees a 7% increase ahead of its largest token unlock, with significant growth in its NFT sector and bullish market predictions.
The anticipation of the largest token unlock for Avalanche contributes to its price surge, indicating strong market interest. The mention by a former White House staff member and bullish market predictions by analysts further support a positive short-term impact on AVAX's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100