![Avalanche [AVAX]: Despite price surge, these concerns emerge](https://i.headtopics.com/images/2023/4/8/cryptoamb/avalanche-avax-despite-price-surge-these-concerns--avalanche-avax-despite-price-surge-these-concerns--1644695338605764609.webp)
Avalanche witnessed a major spike in activity on its protocol across all fronts. Interest in its NFT markets declined, however, the price of AVAX continued to surge. In recent weeks, there has been some instability within the Avalanche [AVAX] ecosystem as its C-Chain experienced some downtime. Despite this setback, the overall activity on the network […]
Even though there was high activity observed on Avalanche due to its dApps, its NFT market did not see any interest.
Recent data from AVAXNFTSTATS showed a notable decline in the trading volume of several high-profile NFT collections on the Avalanche network. Over the past month, popular collections such as Roostr, Doggerinos, and Crabada have experienced a decrease in the number of trades being made for each of their collections.
This decline in trading activity may be attributed to several factors, such as market saturation or a decrease in interest among potential buyers. However, despite the recent decrease in interest towards Avalanche NFTs, the overall outlook towards the protocol remains positive. This positivity was reflected in the weighted sentiment indicator, which indicated that the crypto community has a favorable view of Avalanche.The positive sentiment towards Avalanche coincided with a surge in the prices of AVAX over the past few weeks. However, it’s worth noting that while AVAX prices continued to rise, the volume of AVAX decreased.
On the other hand, Avalanche Protocol’s development has been on the rise during this period. This could impact the level of interest in the platform going forward. With the addition of new features and improvements, Avalanche may attract more users and investors. This could, in turn, lead to increased demand for AVAX.Subscribe to get it daily in your inbox.
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![As Avalanche [AVAX] metrics see an uptrend, will its price follow](https://i.headtopics.com/images/2023/4/8/cryptoamb/as-avalanche-avax-metrics-see-an-uptrend-will-its--as-avalanche-avax-metrics-see-an-uptrend-will-its--1644499046038491137.webp?w=640)
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Economy keeps adding jobs as population grows, despite high interest rates - BNN BloombergThe Canadian economy added 35,000 jobs in March amid strong population growth, keeping the unemployment rate steady at near record lows, even as the economy wrestles with high interest rates.
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Economy keeps adding jobs as population grows, despite high interest ratesThe labour force survey will provide an update on how the labour market is faring amid high interest rates.
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AVAX may be facing a potential 19% price reversal – What should you know?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion AVAX’s price action over the past few weeks chalked a bearish rising wedge pattern Aggregated CVD spot declined, but the funding rate remained positive. AVAX’s increasing price-volume divergence and weakening uptrend could impact investors […]
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