Avalanche Up More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 6.8% increase in price over the last 24 hours, reaching $42.03, and a 21.0% increase over the past week from $34.37. The coin's all-time high is $144.96. Trading volume has surged by 120.0% in the past week, while the circulating supply decreased by 0.68%, now at 51.04% of its max supply. AVAX's market cap ranks it #10 at $15.40 billion.
February 14, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Avalanche (AVAX) has experienced a significant 6.8% increase in price over the last 24 hours to $42.03, and a 21.0% increase over the past week. The trading volume for AVAX has increased by 120.0%, and its circulating supply has decreased by 0.68%, affecting its scarcity and potentially its price.
The significant increase in trading volume suggests heightened interest and potentially more liquidity, which can drive the price up. The decrease in circulating supply, making AVAX scarcer, could further fuel the price increase. Given the positive trend over the past week, short-term momentum appears to be in favor of AVAX.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100