- AVAX price soared by 55% in a week, surpassing $60 for the first time in two years.
- Organic demand in the spot market propels Avalanche’s rise, marking a significant shift.
- Experts predict AVAX’s bullish trend may continue, potentially reaching beyond $70.
In an extraordinary leap, Avalanche (AVAX) has clinched a staggering 13.60% increase in the last 24 hours, showcasing a resilience and momentum that eclipses its counterparts, Bitcoin and Ethereum.
Read CRYPTONEWSLAND on
google news
Amidst a turbulent week for the giants of the crypto realm, AVAX has not only weathered the storm but emerged as a beacon of profitability and strength, with its price soaring by 55% between March 11 and March 18, crossing the $60 threshold for the first time in a duo of years.
At the heart of Avalanche’s ascension lies a blend of organic demand and strategic market movements, propelling it to an enviable 8th rank among the top 10 cryptocurrencies by market capitalization. The token’s surge to $64.16, a pinnacle not witnessed since May 2022, has ushered in a new era of optimism, rendering 83% of AVAX holders profitable, as per recent analyses.
While the derivatives market flashes bullish signals, suggesting a potential push beyond the $70 mark, the spotlight shines brightly on the spot market’s demand, with a notable increase in buy orders. This surge is not merely a number on a chart; it signifies a robust, growing interest in AVAX as a cornerstone asset within the crypto landscape.
Critically, the future of Avalanche in the crypto industry appears luminous with promise. As it carves its path through the market dynamics, the anticipation of reaching new heights remains palpable.
The resilience and performance of AVAX stand as a testament to its potential, heralding a future where it continues to shine as a key player in the ever-evolving crypto space.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
