While the market condition remained sluggish, Avalanche [AVAX] showcased promising performance in the last 24 hours.
Avalanche outperformed all the cryptos in the top 20 list in terms of price gains in the last 24 hours.showcased promising performance. In fact, AVAX was the top performer in terms of price gains in the last 24 hours among the top 20 cryptos by market capitalization.Ethereum
At the time of writing, Avalanche was trading at $23.03 with a market capitalization of over $9.33 billion, making it the 12th largest crypto. This indicated that bearish sentiment around the token increased. But its social volume remained high, reflecting the token’s popularity in the crypto space.Nonetheless, long-term investors’ confidence in AVAX did increase over the last few weeks.This indicated that long-term holders were expecting the token’s price to rise further in the coming weeks or months.
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