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COINTURK NEWS > Avalanche (AVAX) > The Avalanche Project (AVAX) Continues to Rise Despite Market Volatility
Avalanche (AVAX)

The Avalanche Project (AVAX) Continues to Rise Despite Market Volatility

In Brief

  • Avalanche project (AVAX) shows strong performance amidst market volatility.

  • The project continues being named among Ethereum killers.

  • An analyst suggests that AVAX is unstoppable.

COINTURK NEWS
COINTURK NEWS 2 years ago
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One of the most talked-about projects in the world of cryptocurrency, Avalanche (AVAX), continues to be named among “Ethereum killers” along with Solana (SOL). In this regard, after recovering from its $8 level, AVAX’s price displayed a performance beyond the general market movement and rose to $37. But what’s happening with AVAX today?

Contents
Avalanche (AVAX) ReviewsHow Much is AVAX?

Avalanche (AVAX) Reviews

Despite the Bitcoin drop in the past hours, a quick recovery was seen in AVAX and a statement was made by a user named Wise Advice. In his statement, the analyst pointed out that AVAX is unstoppable.

As the analyst also pointed out, unlike many cryptocurrencies in the market, a general decline was observed in almost all major cryptocurrencies except AVAX in the past hours. The analyst, drawing attention to another issue, pointed to QI, which serves as a decentralized surveillance-free liquidity market and a liquid stake protocol on Avalanche, leading the list of the most winners on Binance today, and said the following:

Early in the morning, the price of #BTC dropped and almost all altcoins lost value instantly. But today, there is #QI, which has increased by more than 150% and is the highest-earning coin on Binance. Its market and volume have increased by more than 155% and 253% respectively. Always remember that when a L1 rises, the active tokens in its ecosystem also follow it.

How Much is AVAX?

AVAX, which pleased its investors with the increase that began at night, raised its price to over $37. Subsequently, a sharp Bitcoin drop that occurred as the Asian markets started trading had some effect on the AVAX price, which ended with a needle coming to $40,400.

As a result of this drop, the AVAX price also retreated to the $31 level, but unlike the market, its recovery was quick and regained the $36 level. Despite not fully recovering from the Bitcoin drop, AVAX saw a 3% drop in the last 24 hours compared to the price it had yesterday.

In the weekly review, while it was seen that the AVAX price increased by 63%, it demonstrated an incredible performance of 144% in the last 30 days, according to indicators. Nevertheless, considering that the ATH level of AVAX is at $144, the price level of $36 reveals that it is trading at a level 75% lower.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 11 December, 2023 - 1:35 pm 11 December, 2023 - 1:35 pm
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