Avalanche's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 4.26% increase in price over the last 24 hours, reaching $35.24, continuing a positive trend with a 1.0% gain over the past week from $35.04. Despite a 12.0% decrease in trading volume, the circulating supply has risen by 0.57% to over 379.54 million, representing 52.71% of its max supply. AVAX's market cap ranks it #13 at $13.39 billion.
May 03, 2024 | 7:01 pm
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Avalanche (AVAX) has experienced a 4.26% price increase in the last 24 hours, reaching $35.24, with a 1.0% gain over the past week. The trading volume has decreased by 12%, while the circulating supply has increased by 0.57% to over 379.54 million.
The price increase of 4.26% in the last 24 hours, coupled with a week-long positive trend, indicates strong market performance for AVAX. The decrease in trading volume might typically suggest a potential slowdown in momentum, but the increase in circulating supply and the coin's current market cap ranking suggest sustained interest and investment in AVAX. Given these factors, the short-term outlook for AVAX is positive, reflecting investor confidence and market strength.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100