$AVAX is currently around 9.3 dollars, although it rose by 3% today, the technical situation is very weak, nearly 30% lower than the 200-day moving average. Experts say it may still drop to 6-7 dollars.
The good news is that the neighboring exchange launched the first AVAX staking ETF last week, with an annual yield of 5.4%, trading 400,000 dollars in the first 90 minutes; another exchange will also launch AVAX futures on May 4. The Avalanche network has been very active recently, with a single-day trading volume reaching 3.5 million on April 11, setting a new high for the year. However, the team transferred 180 million dollars worth of coins to the neighboring exchange in six months, creating significant selling pressure. If today's hearing for the Federal Reserve Chair nominee is hawkish, it may suppress the entire cryptocurrency market's rebound.
If you want to delve deeper into this circle but can't find a clue, and want to quickly get started and understand the information gap, 来我聊天室, to gain more firsthand information and in-depth analysis.
#wstETH解锁新流动性通道 #AVAX
The good news is that the neighboring exchange launched the first AVAX staking ETF last week, with an annual yield of 5.4%, trading 400,000 dollars in the first 90 minutes; another exchange will also launch AVAX futures on May 4. The Avalanche network has been very active recently, with a single-day trading volume reaching 3.5 million on April 11, setting a new high for the year. However, the team transferred 180 million dollars worth of coins to the neighboring exchange in six months, creating significant selling pressure. If today's hearing for the Federal Reserve Chair nominee is hawkish, it may suppress the entire cryptocurrency market's rebound.
If you want to delve deeper into this circle but can't find a clue, and want to quickly get started and understand the information gap, 来我聊天室, to gain more firsthand information and in-depth analysis.
#wstETH解锁新流动性通道 #AVAX