Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has fallen 5.12% to $67.06. This continues its negative trend over the past week where it has experienced a 11.0% loss, moving from $75.46 to its current price.
Every day new DeFi projects are launched. Many of these also launch accompanying tokens. This has led to the emergence of 'airdrops' to draw people into these new crypto ecosystems.
Olga Voykina, the Co-founder and CPO of the advanced analytics ecosystem AnalytEx
After the last Bitcoin (CRYPTO: BTC) halving in May 2020, bulls have officially taken over the cryptocurrency space.
Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has risen 9.22% to $80.76. This is contrary to its negative trend over the past week where it has experienced a 12.0% loss, moving from $92.03 to its current price. As it stands right now, the coin's all-time high is $144.96.