Rally

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Avalanche

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<ul class="news-points"> 
 <li>Avalanche’s AVAX hits a 52-week high at $26.65, outshining competitors like TRX and LINK.</li> 
 <li>Nearly 96% of Avalanche’s transactions come from Ordinals, boosting demand and fees.</li> 
 <li>Overbought signal and strong CMF hint at potential price correction or reversal.</li> 
</ul> 
<a href="https://coinedition.com/tag/Avalanche-avax/">Avalanche’s native cryptocurrency, AVAX</a>, has recently seen an impressive surge, climbing 15% to a 52-week high of $26.65 and entering the top ten cryptocurrency list, according to CoinMarketCap. This remarkable growth has outpaced competitors like Tron (TRX) and Chainlink (LINK).&nbsp; 
At press time, AVAX was trading at $25.82, boasting a market cap of $9.4 billion. This upswing represents a significant increase in value, with monthly gains exceeding 110%. The 24-hour trading volume has also risen sharply by 65%, reaching $1.2 billion. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/DpFFff6WStShhYm5BkU-urbJETt-jtC7igodyvRApzOhcEeOvJgTYQaD52kUn12cds3Paq-iNBRj2GnM45y7wZhJQLxzJxOcPzeg68iCMqC0pJml1PkLck9HvMNnR00hUh4JCoZ3EM3A5XXsNcmZU2s" alt="" style="width: 100%;height:auto">
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 AVAX/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/avalanche-2/" target="_blank" rel="nofollow">CoinStats</a>)
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The Avalanche network has experienced a notable increase in activity. This uptick mirrors trends observed in networks like Polygon. A key driver of this activity is the adoption of Ordinals. Ordinals minting has been responsible for nearly 96% of the network’s total transactions over the past week. This heightened activity has …
The post <a href="https://coinedition.com/avax-surges-to-a-52-week-high-will-the-rally-continue/">AVAX Surges to a 52-Week High: Will the Rally Continue?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

AVAX Surges to a 52-Week High: Will the Rally Continue?

Coin Edition

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