Posted 12/12/2023, 8:41:54 PM
AVAX Token Surges Over 340% in 2 Months to $14B Market Cap As Investors Pour Millions Into Fast-Growing Blockchain
- AVAX token up 123% over last 30 days, market cap up 341% in 2 months to $14.35B
- Surge driven by inflows of $2M-$3M into AVAX while Bitcoin and Ether saw declines
- AVAX trades above key support level from $15-$20; bullish outlook supported by technicals
- Total value locked in AVAX has increased 90% since mid-October to $911M, signaling growth
- Development activity on AVAX blockchain is up over 500% since October, with 284 GitHub commits