Heavily followed crypto trader Altcoin Sherpa provided a detailed analysis on whether the “meme coin super cycle” is still ongoing or if meme coins are past their peak.
Avalanche's (CRYPTO: AVAX) price has decreased 11.82% over the past 24 hours to $25.85, continuing its downward trend over the past week of -19.0%, moving from $31.52 to its current price.
Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has fallen 7.24% to $29.53. This continues its negative trend over the past week where it has experienced a 10.0% loss, moving from $32.98 to its current price.
Stablecoin issuer Circle announced the expansion of its Web3 service to Solana (CRYPTO: SOL), providing developers on the blockchain with enhanced features needed to launch decentralized apps.
Avalanche's (CRYPTO: AVAX) price has decreased 4.21% over the past 24 hours to $31.41, continuing its downward trend over the past week of -14.0%, moving from $35.96 to its current price.
Avalanche's (CRYPTO: AVAX) price has decreased 8.97% over the past 24 hours to $33.22, continuing its downward trend over the past week of -8.0%, moving from $35.76 to its current price.
The much-anticipated launch of a spot Ethereum ETF has analysts divided about its impact on altcoins, meme coins and competing Layer-1 (L1) blockchains,
A Double-Edged Sword For Altcoins:
Avalanche's (CRYPTO: AVAX) price has decreased 3.27% over the past 24 hours to $35.75, continuing its downward trend over the past week of -6.0%, moving from $38.15 to its current price.