WHY $AVAX IS OUTPERFORMING? 🚀3 Reasons!👇
Avalanche saw massive increases late last year in several projects building on its Main-Net. Among them were gaming and exchange-based protocols. These performances skyrocketed Avalanche’s market capitalization, placing it as the 9th largest cryptocurrency ($19,860,649,093). The 3 specific reasons behind this exceptional growth are the following:
1) Increased activity among large AVAX holders, with daily trading volume reaching $329 million, the highest since December 2023.
2) GameFi Adoption. The Integration of MapleStory (multiplayer online role-playing game) into Avalanche's blockchain supported its price.
3) Bullish Trend. In fact, the total market capitalization reached $2.85 trillion and is now approaching its previous peak of over $3 trillion.
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