During the fourth quarter of 2023, Avalanche(AVAX) had a surge, recording enormous gains interms of institutional inflow and acceptance,which revolved on tokenization drive andexpanded alliances.Along with the overall market, the token haswitnessed a decline of 18% this year. This is owingto the fact that leading assets such as Bitcoin(BTC) and Ethereum (ETH) have recently,.experienced market corrections as a result of theimpact of huge liquidations.During the month of December, AVAX experienceda dominating rise of over 138%, making it a focalpoint for traders. This was due to the fact thatinstitutional investors witnessed bullish sentimentbecoming more stable around the token.As a result of AVAX's expansion, the company'smarket capitalization increased to over $14.9billion, which was in contrast to the general marketdecline that was occurring at the time. For theasset, the previous year was noteworthy since itwas able to erase losses that were incurred duringthe previous bear window, which was caused bymacroeconomic causes and industrialbankruptcies.Momentum tanks of the AVAXThe growth of the coin was noted by Cryptonewsat the time, as its growth from the beginning of theyear to the present increased as a result oftokenization activities.AVAX has experienced a year-to-date gain of107.18%, which can be attributed to increasingactivity and recent partnerships aiming attokenization. This growth has resulted in a 75.05%increase from November 2022, which was a fewdays after the FTX implosion.This year, AVAX has experienced a decline of18.13 percent as of the time of publication and5.91 percent in the most recent twenty-four hours;nevertheless, its trading volumes have increasedby 29.63 percent, reaching $737 million. This assetis currently trading at $32.53, placing it eighth interms of market capitalization, and the communityis anticipating additional inflows of capital.Despite the slowdown in momentum, Avalanchehas maintained a monthly rise of twenty percentfrom the previous year.However, despite the fact that the market finishedthe previous year with a solid performance, theanticipated inflows this year have been stifled, atleast in the first week, as a result of a significantsell-off. The price of Bitcoin dropped by more thanten percent on January 3, wiping out almost all ofthe gains that had been recorded in the first twodays of the yeaETF in the epicenter of both the surge and the sell-offTraders were anticipating the approval of a spotBitcoin exchange-traded fund (ETF) in the UnitedStates by the Securities and ExchangeCommission (SEC), which has continuously deniedprevious applications citing concerns aboutmarket manipulation. As a result, the price of themarket leader increased.An approval of an exchange-traded fund (ETF) willopen up a new window for institutional investorsto enter the market, which will be the beginning ofa new market cycle. According to the forecasts ofa number of analysts, this may bring trillions ofdollars into the market.Matrixport, a cryptocurrency service firm that isoptimistic on an exchange-traded fund (ETF),produceda study that stated that all ETFs couldbe rejected in January, which caused the market toexperience a slowdown.#BTC #AVAX. #ElonMusk.