Avalanche (AVAX) closes 2023 with all-time highs in these metrics

December 28, 2023 04:36 PM AEDT | By Invezz

Avalanche (AVAX) closes 2023 with all-time highs in these metrics — Image source: Invezz

Avalanche’s increasing active users

The crypto maintained an optimistic trend in active users over the past month as the Daily Active Addresses index touched highs never witnessed in about six months.

The number increased to nearly 250K on December 20 before reducing to a press time count of around 144K. Remember, Avalanche recorded the highest DAA for 2023 on June 25, when more than 1 million addresses interacted with the network.

AVAX’s price trend

Daily charts show AVAX maintained positive price actions throughout the past 30 days, with the altcoin’s price increasing significantly by over 110% since December 1.

Avalanche maintained its price actions around the $40 range despite notable declines. It changed hands at the $43 region (during this publication), reflecting a slight 2% dip in the previous day.

What next for Avalanche’s price

AVAX remains poised for continued price trends, considering the healthy figures from the network. Record-high monthly users and validators confirm the platform’s increased activity, which could propel Avalanche’s blockchain and price growth.

Moreover, Avalanche recorded optimistic trends in development activity. Santiment data shows this indicator jumped from around 60 to above 100 from July 2023. The upside continued on December 26, hitting levels beyond 211 before dipping to above 120 during this publication.

Considering the optimistic trends from Avalanche metrics, the altcoin seems prepared to join the forecasted 2024 broad-based rally in the crypto market.

The post Avalanche (AVAX) closes 2023 with all-time highs in these metrics appeared first on Invezz

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