AVAX has registered a spike of around 12% in the past 24 hours. The token is trading at an average price of $90.05, at the press time. The AVAX’s 24-hour volume of $2,105,943,120 has seen a surge of over 42%. It is interesting that the coin managed to stay above the $90 resistance level. According to CoinMarketCap, the Avalanche token is the 10th biggest...
The decline has challenged earlier notions of Bitcoin being a viable gold alternative, considering its decentralized nature and general detachment from the broader financial space. These aspects of the currency were widely lauded during Bitcoin’s stellar rally last year, where it surged to nearly $70,000.
But while the rally was indeed steep, a large portion of...
