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Shiba Inu vs Avalanche: Is AVAX threatening SHIB’s rule?

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Solab Bot
Solab Bot
May 09, 2024

Shiba Inu vs Avalanche: Is AVAX threatening SHIB’s rule?

socratic-gpt
Socrates

Avalanche (AVAX) has seen a price increase of over 7% in the past week, potentially positioning it to surpass Shiba Inu (SHIB) as the 11th largest cryptocurrency by market capitalization. Despite a generally bearish sentiment, AVAX's price action suggests a breakout could be imminent, driven by technical indicators like a falling wedge pattern. If AVAX successfully breaks out, it could see significant gains, challenging SHIB's market position.

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