Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»With AVAX up 8% in 24 hours, what’s next for the Avalanche?
ALTCOIN NEWS

With AVAX up 8% in 24 hours, what’s next for the Avalanche?

By Crypto FlexsFebruary 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
With AVAX up 8% in 24 hours, what’s next for the Avalanche?
Share
Facebook Twitter LinkedIn Pinterest Email

  • Avalanche’s network activity and captured value both increased last week.
  • AVAX’s market indicators looked optimistic.

Avalanche (AVAX) Investors were delighted as the token price rose significantly in the last few hours. However, data suggests otherwise, as the Avalanche’s network activity cases have decreased over the past week.

Is Avalanche’s network activity decreasing?

AVAX Daily, a popular X handle that provides updates related to the Avalanche ecosystem, posted weekly highlights of the blockchain on February 8th. The tweet shows that AVAX’s active addresses have been decreasing over the past few weeks.

Avalanche Subnet Weekly Statistics

Total subnets: 103
Total blockchain: 76
Total number of validators: 1730
Total stake amount: 246.23 million AVAX#AVAX #avalanche $AVAX pic.twitter.com/fOLxt8Ll4R

— AVAX Daily 🔺 (@AVAXDaily) February 8, 2024

Apart from that, the tweet also mentions some key indicators. For example, the number of subnets in AVAX reached 103, and the total number of validators reached 1,700.

The blockchain processed more than 7.6 million transactions last week, processing up to 215 transactions per second.

AMBCrypto checked out Artemis because the daily active users graph was dropping. data To better understand the state of Avalanche’s network activity. Surprisingly, we found that Avalanche’s daily active addresses have actually increased recently.

Source: Artemis

Thanks to this, the daily transaction volume of blockchain also began to rise. In terms of value captured, things also looked pretty optimistic. This is evident in the increase in both the Avalanche’s fees and revenues.

AVAX’s performance in the DeFi space also looked promising, with TVL rising last week.

Source: Artemis

AVAX is pumping

AMBCrypto reported Previously, if AVAX could overcome the resistance level of $36.2, there was a good chance that the token would hit $43.

AVAX has been strong over the past few hours as the price has rebounded. According to CoinMarketCapIn the last 24 hours alone, AVAX is up more than 8%.

At the time of this writing, AVAX is trading at $39.16, with a market capitalization of over $14.3 billion, making it the 9th largest cryptocurrency.

The good news is that the token’s trading volume has also surged along with its price, which means investors are trading AVAX at higher prices. To further determine if the uptrend will continue for longer, AMBCrypt took a look at the Avalanche’s daily chart.


Realistic or not, the following is AVAX Market Cap in BTCTerms and conditions


The MACD of the token suggested that the bulls were in control of the market. Chaikin Money Flow (CMF) is also on the rise, indicating that investors may witness a continued upward price trend.

However, the Relative Strength Index (RSI) was about to enter overbought territory. This could increase selling pressure on the Avalanche, sending the price plummeting in the coming days.

Source: TradingView

Next: ETH Targets $2,500 Ethereum reclaims NFT sales crown.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Ethereum is set to “explode” on this key technical indicator: Analyst

February 27, 2024

Ripple acquires an encrypted prime broker Hidden Road for $ 1.25B

April 8, 2025

Bitcoin (BTC) has mirrored its previous parabolic rally in 2017, which delivered gains of more than 1,200%, according to cryptocurrency analysts.

May 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.