Avalanche's Price Increased More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) experienced an 8.68% price increase over the past 24 hours, reaching $58.44, despite a 4.0% loss over the past week from $60.58. The coin's all-time high is $144.96. Trading volume has decreased by 60.0% over the past week, while the circulating supply increased by 0.12% to 377.42 million, approximately 52.42% of its max supply. AVAX's current market cap is $22.16 billion, ranking it #11.
March 25, 2024 | 4:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Avalanche (AVAX) has seen a significant 8.68% increase in price over the last 24 hours, reaching $58.44, despite a weekly loss of 4.0%. The trading volume has decreased by 60.0%, while the circulating supply has slightly increased.
The significant price increase of 8.68% in the last 24 hours, despite a weekly downtrend, indicates strong short-term buying interest and potential for further gains. However, the decrease in trading volume could suggest a lack of sustained momentum, which is why the confidence score is not at the maximum. The increase in circulating supply is minimal and unlikely to impact the price significantly in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100