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A surge in AVAX’s popularity shouldn’t be misinterpreted by traders because…

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Avalanche’s [AVAX] popularity skyrocketed last week as most of its social metrics surged by over 100%. This was interesting to see, as nothing major happened in the blockchain’s ecosystem in the past few days that could have potentially initiated this uptrend.

To add to it, the blockchain’s native token’s price action was also not very volatile. However, AVAX did make a recent announcement, which can fuel further growth in its popularity.

Realistic or not, here’s AVAX market cap in BTC‘s terms

AVAX Daily, a popular Twitter handle that posts updates related to the Avalanche ecosystem, recently posted a tweet highlighting the blockchain’ performance on the social front.

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As per the tweet, AVAX’s social mentions shot up by over 150% and reached 1.44k last week. Its social engagement, on the other hand, surged by more than 200% and reached 60.4 million, which was a substantial increase.

🔺Avalanche Weekly Social Signals🔺

Most Influential Projects@MoonbeamNetwork@ActaFi@AvaxArrogant@DeFiKingdoms

Influencers of the Week@AltCryptoGems@cryptojack@kyle_chasse@TeddyCleps

Source: @LunarCrush#AVAX $AVAX #Avalanche pic.twitter.com/8QvPQxGI4c

— AVAX Daily 🔺 (@AVAXDaily) July 30, 2023

Additionally, its social dominance and social contributors rose by 157% and 28%, respectively. The surprising fact was that nothing major happened in its ecosystem that could have caused this surge. Rather, the network’s fundamentals declined.

As per Artemis’ data, AVAX’s daily active users and daily transactions declined, suggesting less usage of the blockchain.

Source: Artemis

However, an interesting development did happen of late that had the potential to fuel further growth. AVAX Daily revealed that Uniswap [UNI] went live on Avalanche. With the new launch, users can now swap Avalanche tokens on Uniswap.

🎉Good new🎉@Uniswap is live on #Avalanche

👉Swap Avalanche tokens on Uniswap now: https://t.co/bwQuP1Frb5#Avalanche #AVAX pic.twitter.com/1zIwJreHPg

— AVAX Daily 🔺 (@AVAXDaily) July 30, 2023

Last week was not the best for AVAX investors, as the token’s price only moved marginally. According to CoinMarketCap, AVAX’s price declined by over 1% in the last 24 hours. At press time, it was trading at $13.10 with a market cap of over $4.5 billion.

Its popularity might have had an impact on its metrics, as evident from its green Binance funding rate. This reflected its demand in the derivatives market. Interestingly, AVAX’s open interest also declined, which can change the declining price trend in the coming days.

Source: Santiment

Read Avalanche’s [AVAX] Price Prediction 2023-24

Though the aforementioned metrics were bullish, AVAX‘s daily chart told a different story. The 20-day Exponential Moving Average (EMA) was below the 55-day EMA, which is a bearish signal.

Avalanche’s Relative Strength Index (RSI) took a sideways path under the neutral mark of 0. Nonetheless, AVAX’s Chaikin Money Flow (CMF) registered an uptick, giving hope for a price rise in the days to follow.

Source: TradingView

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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