Attention, folks! If you thought AVAX was on vacation, think again. The cryptocurrency from Avalanche, the one that sometimes gets overshadowed by titans like ETH, is making noise, and it's not exactly a whisper. 🤫 Google data says it clearly: searches for AVAX surged in August. And if there's one thing the crypto world has taught us, it's that when people start searching, it's because something good (or big) is about to be cooked up. 🍳
What does this mean for your wallet? Well, there is a growing potential demand. It's like people are sniffing around, seeing what's up, and that could be the push AVAX needs to break out of its lethargy. Keep in mind, the price has already risen 21% from the August low, but it still has a long way to go to reach the prices of December or its all-time high. 👀 Imagine, a 58% rise to return to the prices of late 2024. There is plenty of room to grow! 🚀
The next big level that the bulls need to break is the $27 mark. If they manage to overcome that barrier, we could see confirmation that this rise is serious. 🐂 Aside from people searching on Google, interest in AVAX derivatives surged to $854 million, its highest level, and the network volume in things like decentralized exchanges (DEX) is at levels like December 2024. 📈
And if that weren't enough, the Avalanche network is making master moves. The biggest? They teamed up with Visa for global stablecoin settlements! 🤯 This is no small feat, and it shows that Avalanche is ready to play in the big leagues.
The point is that, although real money flows (spot demand) are still timid, the growing interest in derivatives and the bombshells from the Avalanche network, such as the agreement with Visa, could be the perfect combination for the price of AVAX to skyrocket. This is like the calm before the storm... but a storm of opportunities.
Do you think this time we will see AVAX fly higher than ever?
