Avalanche's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche's (CRYPTO: AVAX) price has seen a significant increase of 5.29% over the past 24 hours, reaching $38.93. Over the last week, AVAX's price has risen over 6%, from $36.76. Despite a 51% decrease in trading volume over the past week, its market cap ranks #13 at $14.71 billion. The circulating supply has slightly decreased to 378.01 million, about 52.5% of its max supply.
April 22, 2024 | 3:01 pm
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Avalanche (AVAX) has experienced a 5.29% increase in price over the last 24 hours, reaching $38.93, with a weekly gain of over 6%. The trading volume has decreased by 51%, and the circulating supply has slightly decreased, indicating a strong market position with a current market cap of $14.71 billion.
The significant price increase of AVAX over the past 24 hours and week, despite a decrease in trading volume, suggests a strong investor confidence and market position. The slight decrease in circulating supply could indicate a tightening supply, potentially supporting further price increases in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100