According to a recent tweet from Santiment (@santimentfeed), a leading blockchain analytics firm, Avalanche’s (AVAX) social volume and positive weighted sentiment have experienced a significant surge amidst the ongoing pullback in AVAX’s price.
The tweet underscored the stark disparity between the present-day surge in social engagement and positive outlook and the meager levels observed in February when AVAX’s value peaked at $21.
Santiment’s recent tweet provided a comprehensive overview of AVAX’s social activity and sentiment, revealing a remarkable surge in discussion rate and positive sentiment towards Avalanche over the past four weeks. The data presented in the tweet indicated that the weekly AVAX discussion rate had skyrocketed by over 292% at the time of publication. This insightful snapshot highlights the growing interest and confidence in AVAX, making it a promising investment opportunity for savvy investors.
According to CoinMarketCap, AVAX, currently ranked as the 15th largest project in terms of market capitalization, has experienced a 2.05% decline in price over the last 24 hours. This has resulted in a negative weekly performance for AVAX, with its weekly price performance at -1.40%.
AVAX is trading at $17.87, following the latest price movement, with an estimated market cap of $5.788 billion. Impressively, AVAX has outperformed Ethereum (ETH) over the last 24 hours, with a 0.56% increase. However, it could not surpass Bitcoin (BTC), experiencing a 1.69% decrease against the crypto market leader. AVAX is trading closer to its 24-hour low of approximately $17.73, with its daily high reaching $18.56.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
