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Avalanche’s growth can come to a halt if these factors are not addressed

Avalanche has been on the receiving end of the current bullish sentiment of the crypto market. Over the last week, it registered an uptick in its TVL and market cap. However, this growth could come to an end soon due to many factors.

How much are 1,10,100 AVAX worth today?

Well, before we go on to talk about the factors that can affect AVAX’s growth. It’s important to take a look at the areas where AVAX is performing well.

Over the last week, the market cap of AVAX increased by 2.81%. At press time, the overall market cap of the cryptocurrency stood at $6.17 billion.

Another area where Avalanche witnessed positivity was in the DeFi space. In the past week, its TVL increased by 1.71%. One of the reasons behind it could be the increasing number of transactions on the Avalanche network which grew by 4.63%.

🔺Avalanche Ecosystem Weekly Highlights🔺

Price gainers$DEXTF @DomaniProtocol$RELAY @relay_chain$SWAP @TrustSwap$ANKR @ankr

TVL gainers$KINE @KineProtocol$ROUTE @routerprotocol$GMX @GMX_IO$EMDX @emdx_io#AVAX #Avalanche #DEFI $AVAX pic.twitter.com/2MeLOtj5rv

— AVAX Daily 🔺 (@AVAXDaily) February 25, 2023

However, this surge in activity and TVL could be slowed down by Avalanche’s decline in daily activity. At press time, the number of daily active users on the network decreased by 4.87%.

Along with that, the number of new users signing up to the network also fell. It plunged from 161,300 to 154,980 in the last month.

Source: Dune Analytics

Much to the surprise of the network, even stakers started to lose interest in Avalanche.

According to data provided by staking rewards, the number of stakers on the Avalanche network declined materially. Not to forget, a decline in the number of users staking AVAX could not only harm the network but the token holders as well.

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

Meanwhile, Avalanche’s NFT market also suffered over the last few days. The overall volume of the NFT market deteriorated by 13.39% in the last week.

Many of AVAX’s blue chip NFT collections underperformed in the last month. This could be one of the reasons why there was a lack of ample activity on the network.

Source: AVAX NFT STATS

Evidently, the lack of interest in the NFT market also impacted the AVAX token. According to data provided by Messari, AVAX‘s prices fell by 9.44% in the last week.

Consequently, the volatility of the AVAX token spiked.

Source: Messari

Overall, even though Avalanche has shown growth in terms of TVL, it has still many challenges to overcome in areas such as the NFT sector and staking.

If the decline in activity on the network is not checked, it could cause harm to Avalanche’s growth in the long run.

Source

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    "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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