Avalanche Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a price decrease of 3.69% in the last 24 hours, now at $42.51, despite a 2.0% gain over the past week. Its trading volume increased by 9.0%, and the circulating supply rose by 0.2% to 377.30 million, 52.4% of its max supply. AVAX's market cap ranking is now #12 at $16.06 billion.
March 08, 2024 | 7:01 pm
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Avalanche (AVAX) experienced a 3.69% decrease in price to $42.51 over the last 24 hours, despite a recent upward trend. The trading volume and circulating supply have increased, with a current market cap ranking of #12.
The short-term price decrease of AVAX, despite its overall positive performance over the past week, suggests a potential short-term negative impact on its price. The increase in trading volume and circulating supply, along with its stable market cap ranking, indicate sustained interest and activity in AVAX. However, the recent price drop could lead to cautious investor sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100