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?
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.
