Avalanche Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 5.67% decrease in price over the last 24 hours, continuing a negative trend with a 0.0% loss over the past week. The trading volume for AVAX has decreased by 44.0%, while its circulating supply increased by 0.11%. Currently, AVAX's market cap ranks #12 at $17.83 billion.
April 09, 2024 | 7:00 pm
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NEGATIVE IMPACT
Avalanche (AVAX) experienced a 5.67% price decrease over the last 24 hours, with a week-long trend of no gains. The trading volume has significantly decreased by 44%, and the circulating supply has slightly increased. AVAX's market cap is currently ranked #12.
The significant price drop of 5.67% in the last 24 hours, combined with a decrease in trading volume and a stagnant weekly performance, suggests a negative short-term impact on AVAX's price. The slight increase in circulating supply could further dilute the value, reinforcing the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100