Avalanche: Revenue spikes, but AVAX investors must be cautious as...
AVAX to regain control
The growth in revenue and fees signified that network usage had indeed increased, opening the door to the possibility ofThe same possibility was further established by AVAX’s recent price action, which was in investors’ favor., Avalanche’s price increased by more than 10% in the last 24 hours. At the time of writing, AVAX was trading at $16.14 with a market capitalization of over $5.2 billion.
The token’s demand in the derivatives market also increased of late, which was evident from the rise in AVAX’s DyDx funding rate. However, the possibility of the sentiments turning against AVAX can’t be ruled out yet as Avalanche’s development activity declined sharply last week.
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