Avalanche price targets 60% jump as AVAX burn rate jumps
The post Avalanche price targets 60% jump as AVAX burn rate jumps appeared on BitcoinEthereumNews.com. Avalanche’s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved. Summary Avalanche price has jumped by 160% from the year-to-date low. The AVAX burn rate has continued to accelerate this year. Technical analysis points to more gains, potentially to $36. AVAX burn rate and transactions are soaring Avalanche (AVAX) token soared to a high of $22.70, much higher than this month’s low of $8.92. This rebound may continue amid the ongoing AVAX token burns, transaction growth, and its growing market share. Data show that the number of burned AVAX tokens has surpassed 4.8 million, now worth over $108 million. Most importantly, the average daily burn rate has climbed to about 1,500 per day, up from roughly 500 earlier this year. Over the past week, total $AVAX burned surpassed 4.8M, which is roughly $108M USD. In the grand scheme of things this may not sound like a lot, but the metric to focus on here is the rate of burn. At the beginning of the year @avax was averaging less than 500 $AVAX burned per… pic.twitter.com/9N3WoW9GY6 — Joey
The post Avalanche price targets 60% jump as AVAX burn rate jumps appeared on BitcoinEthereumNews.com.
Avalanche’s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved. Summary Avalanche price has jumped by 160% from the year-to-date low. The AVAX burn rate has continued to accelerate this year. Technical analysis points to more gains, potentially to $36. AVAX burn rate and transactions are soaring Avalanche (AVAX) token soared to a high of $22.70, much higher than this month’s low of $8.92. This rebound may continue amid the ongoing AVAX token burns, transaction growth, and its growing market share. Data show that the number of burned AVAX tokens has surpassed 4.8 million, now worth over $108 million. Most importantly, the average daily burn rate has climbed to about 1,500 per day, up from roughly 500 earlier this year. Over the past week, total $AVAX burned surpassed 4.8M, which is roughly $108M USD. In the grand scheme of things this may not sound like a lot, but the metric to focus on here is the rate of burn. At the beginning of the year @avax was averaging less than 500 $AVAX burned per… pic.twitter.com/9N3WoW9GY6 — Joey
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