Bittime - Avalanche crypto (AVAX) today stole the market's attention with a value increase of 19% in the last 24 hours. This increase sent AVAX crypto assets past the price of IDR 940,000, the highest level since May 2022.
Causes of AVAX Price Increase
Market interest in AVAX peaked along with the news of the initial coin offering (ICO) presale which managed to raise funds of more than $ 2 million (IDR 31.3 billion). Large investors or "whales" contributed to the increase in AVAX prices, with persistent buying behavior.
AVAX's trading price is currently at the level of IDR 949,975 per coin at 14:28 WIB, Monday, March 18, 2024. Based on data monitoring from Bittime, AVAX has increased by 19.04% in the last 24 hours. This marks an impressive AVAX performance for today.
Source: Bittime
This smart contract platform is showing significant growth, with gains since yesterday, reviving the previously stagnant dynamics of AVAX trading.
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AVAX Transactions Increase
Upbeat on-chain data supports AVAX's upward trend, with 82% of AVAX holders currently in a profitable position, according to an IntoTheBlock analysis.Large transactions worth more than $100,000 (IDR 1,569,000,000) have tripled in the past three days, signaling accumulation by large investors.
Volume perdagangan spot AVAX melonjak 27%, mencapai $2.5 miliar (Rp 39,2 triliun) dalam 24 jam terakhir, menurut CoinMarketCap, menjadikannya salah satu kripto yang paling banyak diperdagangkan.
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Kesimpulan
With a market capitalization that exceeded $20 billion (IDR 313.8 trillion), Avalanche returned to the top position among crypto assets. Although still 62% below its peak in 2021, current price trends point to AVAX's further growth potential.
The Durango network upgrade and cooperation with Nexon provide an additional boost to AVAX, with the expectation of ever-increasing value in the future.
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How to Buy Avalanche (AVAX) on Bittime
You can buy and sell Avalanche (AVAX) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Avalanche (AVAX) is available on Bittime with the market pair AVAX/IDR. To be able to buy AVAX IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Avalanche (AVAX) on Bittime.
Monitor the price chart movements of Avalanche (AVAX), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Avalanche (AVAX) Price Prediction in 2024
Avalanche (AVAX) Price Rises, Polkadot (DOT) Remains Innovative
Last Year Avalanche (AVAX) Grew Rapidly, What Will Be Its Fate in 2024?
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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