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Assessing whether AVAX’s impressive price run can really go on
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Bitcoin’s losses triggered a market-wide sell-off, pulling down the total crypto-market cap by almost 13% in just two days. Most of the top twenty altcoins noted sharp red candles, while some even presented double-digit daily losses. Meanwhile, the 12th ranked altcoin, Avalanche (AVAX), made another all-time high above $100, charting 11.75% daily and 9.36% weekly gains.
Avalanche, on 1 January, was priced at $3.4. Since then, its price has grown by 2870% year-to-date. So, what fueled this and what would AVAX need to keep rallying solo?
The growth rate that AVAX has presented over the year highlights that institutional interest in the asset has been a major driving force behind the price gains. Earlier this month, Avalanche announced the
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