Avalanche’s growth can come to a halt if these factors are not addressed
ambcrypto.comAvalanche has been on the receiving end of the current bullish sentiment of the crypto market. Over the last week, it registered an uptick in its TVL and market cap. However, this growth could come to an end soon due to many factors.
How much are 1,10,100 AVAX worth today?
Well, before we go on to talk about the factors that can affect AVAX’s growth. It’s important to take a look at the areas where AVAX is performing well.
Over the last week, the market cap of AVAX increased by 2.81%. At press time, the overall market cap of the cryptocurrency stood at $6.17 billion.
Another area where Avalanche witnessed positivity was in the DeFi space. In the past week, its TVL increased by 1.71%. One of the reasons behind it could be the increasing number of transactions on the Avalanche network which grew by 4.63%.
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