Avalanche Experiences Price Decline
Avalanche's price has seen a notable decrease of 3.85% in the last 24 hours, bringing it down to $27.14. This decline is a shift from the coin's earlier performance during the week, where it had been on an upward trajectory, rising by 3.0% from a price of $27.18.
Price Movement Analysis
The price movement and volatility of Avalanche can be analyzed effectively with charts showing the past 24 hours compared to the last week. With the use of Bollinger Bands, which demonstrate the volatility of price movements, we can visualize larger volatility during expanded periods shown by wider gray bands.
Trading Volume and Market Performance
Avalanche’s trading volume has surged by 30.0% over the past week. This increase accompanies a slight rise in its circulating supply, which has gone up by 0.16%, now totaling 406.26 million tokens. This amount represents approximately 56.42% of its total max supply of 720.00 million tokens.
Current Market Capitalization
Currently, Avalanche holds a market cap ranking of #13, accumulating a total market cap of $11.03 billion. This positions Avalanche as one of the competitive assets in the cryptocurrency market, reflecting on its significant trading activities recently.
Conclusion and Overview
In summary, Avalanche has faced a price decrease recently as it moves through volatility and fluctuating trading patterns. With increasing trading volume and a decent market cap, it continues to be a considerable player in the crypto landscape.
Frequently Asked Questions
What caused the recent price drop of Avalanche?
The price drop of Avalanche is attributed to market fluctuations and general volatility found in the cryptocurrency markets.
How does Avalanche's trading volume compare to last week?
Avalanche's trading volume has increased by 30.0% over the past week, indicating heightened trading activity.
What is the current price of Avalanche?
The current price of Avalanche is $27.14 after a decline of 3.85% in the last 24 hours.
What is the total supply of Avalanche?
Avalanche has a total max supply of 720.00 million tokens, with approximately 406.26 million currently in circulation.
Where does Avalanche rank in market capitalization?
Avalanche currently ranks #13 in market capitalization, with a total market cap of about $11.03 billion.
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