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Latest Analysis of Avalanche (AVAX), Dogecoin (DOGE), and BlockDAG Cryptos that Implement the Ethereum Virtual Machine (EVM)
Blockchainmedia.id
Published 05/23/2024,13/51
Latest Analysis of Avalanche (AVAX), Dogecoin (DOGE), and BlockDAG Cryptos that Implement the Ethereum Virtual Machine (EVM)
Latest Analysis of Avalanche (AVAX), Dogecoin (DOGE), and BlockDAG Cryptos that Implement the Ethereum Virtual Machine (EVM)
ETH/USD
-2.38%
DOGE/USD
3.54%
AVAX/USD
-1.72%
Blockchainmedia - The latest crypto analysis this time includes Avalanche (AVAX) which is still facing big challenges and Dogecoin (DOGE) is predicted to rise above US$0.18, as well as BlockDAG which will implement the Ethereum Virtual Machine (EVM) on their blockchain.
Latest Analysis of AVAX Crypto, Still Underperforming, What's Up?
Avalanche (AVAX) is still performing poorly because it is -72.74 percent away from its all-time high of around US$146.22, with the current price being US$39.68. The good news is that AVAX still remains as a high market value crypto currently in the top 15, competing with DOGE, Cardano, ShibaInu, Polkadot, and XRP.
On the one hand, investors who buy AVAX at peak prices are right to be worried, because this crypto market may take longer to recover amidst an uncertain market situation. In situations like this, it is common for investors to look for better opportunities with large returns and in the shorter term.
However, in a short period of time, AVAX received special attention from market players. Volatility in the market has varied subtly as top cryptocurrencies such as BTC and ETH experienced significant fluctuations.
Amid speculation that BTC and ETH may hit new all-time highs (ATH) in the coming weeks, altcoins are showing strength.
Avalanche recorded a weekly gain of more than 16 percent, with a small decline of 3 percent in a 24-hour span.
