Assessing if Avalanche’s growing network activity can spur AVAX’s price recovery

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Avalanche surpassed 1.60 billion transactions on its mainnet since its September 2020 launch despite a bearish crypto market. Spot and futures buyers accounted for 51.60% of activity, while futures cumulative volume reached $2.39 million compared with $462,000 on the spot market. Real-world network usage is expanding rapidly, with decentralized exchange volume doubling to $5.33 billion, real-world assets reaching $1.22 billion, and card spending rising 74% to more than $10 million. AVAX nevertheless fell by about 32%, from $12 to $8, and a loss of the $7.90 support could lead it toward $6.85 and then $6.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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