Avalanche's AVAX token has seen a slight 0.44% price decrease over the past 24 hours, with the price dipping from $9.25 to $9.21. Despite this minor setback, AVAX remains a top 15 cryptocurrency by market capitalization, currently valued at $3.26 billion.
In this report, we'll analyze the key metrics behind AVAX's recent performance, uncovering insights into trading volumes, market dynamics, and price trends. We'll also look ahead, making a prediction for AVAX's outlook over the next 6-12 months.
Breaking Down the Data: Volumes, Percentage Changes, Market Cap
Over the past 24 hours, AVAX has seen $83.08 million in trading volume. This points to a reasonably healthy level of interest and activity. However, volume levels are down compared to 7 days ago, indicating some cooling down of trading activity.
Looking at percentage changes across different timeframes gives a snapshot into AVAX's price momentum:
- +0.07% change over the past 1 hour shows price holding steady in the immediate short term
- -0.44% change over 24 hours indicates a slight pullback from yesterday's price levels
- -2.37% change over 7 days reveals AVAX has lost some ground over the past week
- -14.15% change over 1 month signals a broader cooling off from August's price highs
- -47.60% change over 6 months shows just how significantly AVAX has dropped from its all-time high of $17.70 in December 2022