Avalanche (AVAX) Daily Active Users makes a New ATH with 100% Spike

• Avalanche (AVAX) is currently trading at $12.33.
• Over the past 24 hours, AVAX has witnessed a decrease of 5.36%.

Avalanche (AVAX), the Layer 1 blockchain protocol, is gaining momentum., as daily active users of AVAX have seen a significant surge, doubling compared to the average recorded in the past year. As per the information provided on Avalanche’s official site, the number of AVAX holders currently stands at 113,981.

The active addresses for AVAX reached their highest point on June 14th, totaling 141,680 on that particular day. According to the latest data from CoinMarketCap, AVAX is currently trading at $12.33, with a 24-hour trading volume of $163,261,847. Over the past 24 hours, AVAX has witnessed a decrease of 5.36%.

According to reports, the declining prices of Avalanche (AVAX) have led market experts to forecast a substantial price explosion for the token. They believe it is currently trading below its true value. Also, From its inception as a high-speed and scalable blockchain venture enabling unrestricted innovation, Avalanche (AVAX) rapidly climbed the ranks to become a prominent cryptocurrency. 

Nevertheless, the year 2023 witnessed a significant downturn for AVAX due to various macroeconomic influences, leading to substantial declines in its price. Recent developments on the Avalanche network include the introduction of AvaGPT. An AI-powered chatbot, showcasing the platform’s dedication to cutting-edge technologies. Furthermore, the Avalanche team unveiled HyperSDK and Avalanche Warp Messaging (AWM) as part of their ongoing efforts to enhance the network’s capabilities.

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