Avalanche Whales Send Net Inflows Up 380%: Can AVAX Hit $30?
Large holders of the Avalanche token, aka AVAX Whales, are increasing their net inflows of the cryptocurrency, with inflows up 380%. The asset is being picked up in large volumes as investors expect a price climb to come soon. Analysts suggest the continued accumulation could help AVAX clear the next resistance, around $24, and push toward $30. Avalanche (AVAX) seems to be following the crypto market’s current positive trajectory. The project’s market cap is very close to overtaking Chainlink (LINK) as the 13th most valuable cryptocurrency. AVAX has a valuation of $10.025 billion, while LINK has a valuation of $10.45 billion. AVAX is now less than $50 million away from taking the 13th spot. The asset is also up following FIFA’s blockchain partnership and the $100 million Avalanche Fusion initiative launch. FIFA officially selected Avalanche to power its dedicated blockchain network, and this represents a major shift in the sports organization’s Web3 strategy. If projects like FIFA...