The post Avalanche (AVAX) Price Analysis and Short-term Forecast appeared first on Coinpedia Fintech News
As the total crypto market dropped over 3 percent in the past 24 hours, following the Bitcoin (BTC) price drop below $106k on Thursday, Avalanche (AVAX) price followed in tandem. According to market data from Coingecko, AVAX, which had a fully diluted valuation of about $10.2 billion and a 24 hour average trading volume of around $610 million, dropped nearly 4 percent in the past 24 hours to trade around $22.44 at the time of this writing.
What Happened to Avalanche Fundamentals
The Avalanche network has grown to a vibrant web3 ecosystem with more than $1.5 billion in total value locked (TVL) and nearly $2 billion in stablecoins market cap. The mainstream adoption of the Avalanche network by institutional investors has been bolstered by the notable development of its ecosystem’s tokenization technology.
As a result, the Avalanche network has achieved more than 46
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