![Could Avalanche [AVAX] witness a drop this week? These metrics suggest…](https://i.headtopics.com/images/2023/1/17/cryptoamb/could-avalanche-avax-witness-a-drop-this-week-thes-could-avalanche-avax-witness-a-drop-this-week-thes-1615387223188291586.webp)
Could Avalanche [AVAX] witness a drop this week? These metrics suggest...
Last week was also optimistic for AVAX on the price front, as its price went up substantially. As per
, AVAX registered more than 35% weekly gains, and at the time of writing, it was trading at $16.88 with a market capitalization of over $5.2 billion.While AVAX’s price action gave investors hope for better days ahead, a few of the metrics did not support that possibility. AVAX’s development activity decreased in the last week, which was a negative sign because it reflects fewer efforts from developers to improve the blockchain.
AVAX’s popularity also decreased as its social volume went down over the last week. However, AVAX remained in demand in the futures market, as its Binance and DyDx Funding Rates remained relatively high.Subscribe to get it daily in your inbox.
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