Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	90,241,229,130	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

90,241,229,130

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-5.81	-1.01%	571.77	571.53	571.65

Price Change

Price Change %

Current Price

Bid Price

Offer

-5.81

-1.01%

571.77

571.53

571.65

High Price	Low Price	Open Price	Prev. Close	52 Week Range
578.77	569.95	576.84	577.58	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

578.77

569.95

576.84

577.58

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
TIDE	02:54:59	0.005791	571.75	USD

Exchange

Last Trade

Size

Trade Price

Currency

TIDE

02:54:59

0.005791

571.75

USD

Price x Volume	Volume	Base Symbol	Related Pairs
447,845.07	782.86	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

447,845.07

782.86

Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days

11/09/2022 4:03pm

NEWSBTC

Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies. August shows a whopping 46 million transactions made on the Avalanche network Avalanche network busy with major developments and integrations 4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX. August registers roughly 46 million transactions made on the Avalanche network which is a relatively high number to begin with. Related Reading: Cosmos Touches Highest Point Since May As ATOM Expands 25% Avalanche Price Looking Optimistic The daily chart for AVAX looks optimistic. On the other hand, some on-chain metrics also reveal the potential for the altcoin to swerve down. According to CoinMarketCap, AVAX price is up by 0.33% or trading at $20.39 as of this writing. Over the past couple of days, the Daily Gas Usage of AVAX was able to touch the ATH of 462,891,881,113 which is a great sign that shows an increase of users supporting Avalanche. More so, the DFK Chain was found out to contribute greatly to the increase in gas usage. Additionally, the Avalanche network is also busy with major developments and partnerships going on as announced at the network’s TVL Weekly Dashboard. Some of the major integrations include FTX Japan listing AVAX on their website and also Avalanche’s partnership with Bubblemap designed to pave way towards a faster and optimized Web3 user experience. AVAX Price, Volume Up After Network Update With these updates happening, AVAX went north and the pump in price came by default. Apart from the increase in price, AVAX also skyrocketed in terms of volume which hints a further upswing. With AVAX price climbing on the charts, developments on the Avalanche network has also subsided which is not a good sign at all. Apart from developments dwindling down, AVAX social volume has also nosedived which demonstrates the waning interest of the community in Avalanche. Chart from TradingView.com Although a couple of metrics suggest a decline, the four-hour chart of AVAX suggests that the token could be offshooting targets with several metrics going green for AVAX. Evidently, RSI is showing an uptick which hints a price increase that could happen in the next couple of days. More so, the 20-day EMA touching the 55-day EMA shows a bullish crossover. On the other hand, the CMF has plunged which hints a bearish movements. While the MACD data shows some bullish streaks, this could flip soon to go bearish with the red lines outpacing the blue lines, hindering any chance of a price rally. Related Reading: Binance Coin Surpasses 1 Billion Trading Volume After BNB Network Upgrade AVAX total market cap at $5.7 billion on the daily chart | Source: TradingView.com Featured image from ABC of Snowboarding, Chart from TradingView.com

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BNBUSD Binance Coin