AVAX rises amidst bearish on-chain signals: Here’s a closer look
What recent percentage increase has AVAX experienced?
AVAX has experienced a 5% increase in its price over the past 24 hours, reaching $27.06, with a market cap of around $10.54 billion. However, the overall sentiment remains mixed, with both bullish and bearish signals present in the market.
How much has AVAX's market cap reached recently?
AVAX's market cap has recently reached around $10.54 billion. This comes as the cryptocurrency experiences a split among holders making money at the current price, with 49% in profit. Despite a 5% gain previously, on-chain and exchange signals suggest a bearish trend for AVAX.
What percentage of AVAX holders are currently making a profit?
Approximately 66% of AVAX holders are currently making a profit, according to an analysis of holders. This displays a robust profit ratio, with GMX at 41.80% and Joe at 37.90% also showcasing significant profit ratios. However, it is important to note that a considerable portion of investors remains below break-even.