Avalanche (AVAX), the Layer 1 blockchain protocol, is gaining strong traction as the number of daily active users has experienced a remarkable surge, doubling in comparison to the average recorded over the past year. The official site of Avalanche reports a current count of 113,981 AVAX holders.
On June 14th, the active addresses for AVAX reached an all-time high, totaling 141,680 on that specific day. According to the most recent data from CoinMarketCap, AVAX is currently being traded at $12.33, with a 24-hour trading volume of $163,261,847. In the last 24 hours, AVAX has witnessed a decrease of 5.36%.
Market experts attribute the declining prices of Avalanche (AVAX) to a potential undervaluation of the token and anticipate a significant price surge in the near future. Despite its recent downturn, AVAX has rapidly ascended the ranks to become a prominent cryptocurrency since its inception, boasting high-speed and scalable blockchain capabilities that foster unrestricted innovation.
In a bid to stay at the forefront of technological advancements, Avalanche has recently introduced AvaGPT, an AI-powered chatbot, demonstrating the platform’s commitment to cutting-edge technologies. Moreover, the Avalanche team has unveiled HyperSDK and Avalanche Warp Messaging (AWM) as part of their ongoing efforts to enhance the network’s capabilities, further solidifying their position as a leading blockchain network.
Compiled by Coinbold