Avalanche Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 3.15% decrease in price over the last 24 hours, continuing a negative trend with a 10% loss over the past week. The trading volume has decreased by 20%, while the circulating supply has increased by 2.42%, bringing the total to 377.17 million. AVAX's market cap ranking is now #10 at $13.71 billion.
February 23, 2024 | 7:01 pm
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Avalanche (AVAX) has experienced a 3.15% price decrease in the last 24 hours and a 10% decrease over the past week, with its market cap ranking falling to #10 at $13.71 billion.
The significant price drop of 3.15% in the last 24 hours and a total of 10% over the past week indicates a negative short-term trend for AVAX. The decrease in trading volume by 20% could suggest reduced investor interest or confidence, potentially leading to further declines. However, the increase in circulating supply might have contributed to the price pressure. Given these factors, the short-term impact on AVAX's price is likely negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100