NFT

Секторот NFT на Avalanche регистрира раст, но дали може да помогне AVAX да се зголеми?

02/07/2023
Вести за Bitcoin Ethereum
  • AVAX’s metrics looked bearish detailing why AVAX was on a downtrend. 
  • However, growth was noted in AVAX’s NFT ecosystem as sales increased.

Лавина [AVAX] performance on the price front was concerning for the investors, as it declined by more than 5% in the last 24 hours.

Според CoinMarketCap's податоци, AVAX’s price registered a decline of 3% last week, and at the time of writing, it was trading at $19.86 with a market capitalization of over $6.2 billion.

This downtrend can be attributed to the current market conditions, which have restricted most of the cryptos from registering gains. However, a look at Avalanche’s on-chain metrics revealed that there was more to the story. 

Колку се 1,10,100 AVAX вреди денес?

These are the concerns

Santiment’s chart pointed out that AVAX’s volume decreased substantially, which by and large was a negative signal. The demand from the derivatives market also took a blow as the DyDx funding rate went down.

Сликата

The crypto community’s confidence in паричката also seemed to have plummeted as its positive sentiment metric decreased.

The recent price decline was accompanied by an increase in AVAX’s 1-week price volatility, suggesting a further downtrend considering the rest of the metrics.

Moreover, DeFiLama’s податоци revealed that Avalanche’s Total Value Locked (TVL) registered a 24-hour decline of more than 2%.

Извор: Сантимент

Реално или не, еве Пазарната капа на AVAX во БТК услови

Дали е остварлив пресврт на трендот?

Interestingly, even though the week was not good for investors, АВАКС’s NFT space had things going for itself. AVAX Daily released Avalanche NFT weekly highlights, which pointed out the ecosystem’s growth.

As per the latest data, the NFT sales and sales volume increased by double digits in the last seven days. 

While SWARMS remained the most impressive NFT with 19 sales at an average price of $45.24 last week, the remaining NFTs had a volume smaller than 10 NFTs.

For several weeks in a row, Chilkn Roost and OG Odin held the top volume positions. Last week, Chad Doge Supers joined Chilkn Roost and OG ODIN on the list, indicating that the project was gaining traction with buyers. 

Nonetheless, growth in the NFT space did not seem to be enough for АВАКС to initiate a trend reversal, as the daily chart also painted a bearish picture.

AVAX’s Relative Strength Index (RSI) registered a downtick and was heading toward the neutral mark, which was bearish. The Money Flow Index (MFI) also chose to follow a similar route.

Moreover, AVAX’s Chaikin Money Flow (CMF) was resting below the neutral mark, further increasing the chances of a continued downtrend. However, the Exponential Moving Average (EMA) Ribbon remained bullish as the 20-day EMA was above the 55-day EMA.

Извор: ТрговскиВив

Source: https://ambcrypto.com/avalanches-nft-sector-registers-growth-but-can-it-help-avax-go-up/