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Assessing whether AVAX’s impressive price run can really go on
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Bitcoin’s losses triggered a market-wide sell-off, pulling down the total crypto-market cap by almost 13% in just two days. Most of the top twenty altcoins noted sharp red candles, while some even presented double-digit daily losses. Meanwhile, the 12th ranked altcoin, Avalanche (AVAX), made another all-time high above $100, charting 11.75% daily and 9.36% weekly gains.
Avalanche, on 1 January, was priced at $3.4. Since then, its price has grown by 2870% year-to-date. So, what fueled this and
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