Avalanche Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a decrease of 6.4% in its price over the last 24 hours, now at $34.8, despite a weekly uptrend of 6.0%. The trading volume dropped by 34.0%, and the circulating supply slightly decreased by 0.04% to 380.61 million, representing 52.86% of its max supply. AVAX's market cap ranking is now #13 at $13.28 billion.
May 08, 2024 | 3:02 pm
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Avalanche (AVAX) experienced a 6.4% price decrease over the last 24 hours, despite a weekly gain of 6.0%, with a current price of $34.8. The trading volume and circulating supply have also seen reductions.
The short-term price decrease of 6.4% in Avalanche (AVAX) is significant, indicating a potential bearish sentiment among investors. The reduction in trading volume and slight decrease in circulating supply could further impact its price negatively in the short term. However, the overall weekly gain of 6.0% suggests some underlying strength. The market cap ranking at #13 reflects its significant position in the cryptocurrency market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100