Avalanche [AVAX] doubles down on the NFT industry, here’s how

will likely boost Avalanche NFTs. Over the last 12 months, the network’s total NFT trades volume dropped substantially. However, we do see some slight stimulation in the same metric in the last two weeks.These developments underscore more growth opportunities for the Avalanche network. They may also lay the foundation for more utility and demand for AVAX.

Multiple on-chain metrics currently support a higher probability of a sentiment shift in favor of the bulls. For example, Avalanche development activity has been declining for most of December but it managed to pivot in the last four days.Similarly, Avalanche’s market cap is up by roughly $322 million so far this month. This is proof that there is significant accumulation. This demand also reflects observations in the derivatives market.

The Binance and DYDX funding rates also improved since the start of January. These indicators confirm that AVAX derivatives demand is on the rise.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

ANC Podcast: Jan. 6, 2023 | Vic Fedeli says 2023 Ontario automotive investment could top 2022Ontario Minister of Economic Development Vic Fedeli reflects on the province’s automotive successes of 2022, explains why the government now believes in financially assisting automakers and says 2023 is shaping up to maybe be better than 2023 when it comes to auto investment.
Fonte: AutoNewsCanada - 🏆 77. / 51 Consulte Mais informação »