Avalanche Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a price increase of 3.2% in the last 24 hours, reaching $36.94, with a weekly gain of over 3.0%. The trading volume has decreased by 14.0% over the past week, while the circulating supply has risen by 0.21%. AVAX's market cap ranks it #10 at $13.57 billion.
February 09, 2024 | 3:01 pm
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Avalanche (AVAX) has experienced a 3.2% price increase over the past 24 hours, reaching $36.94, and a weekly increase of over 3.0%. The trading volume has decreased by 14.0%, while the circulating supply has increased by 0.21%. The market cap of AVAX places it at #10 with $13.57 billion.
The price increase of 3.2% in the last 24 hours and over 3.0% over the past week indicates a positive short-term momentum for Avalanche (AVAX). The decrease in trading volume might suggest a consolidation phase, but the increase in circulating supply and the coin's position in the market cap ranking demonstrate strong market presence and investor interest. These factors combined suggest a likely positive impact on AVAX's price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100