Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

has increased by 7.80% in the last 24 hours, according to data from CoinMarketCap. At press time, the token changed hands at $37.48.release 2.49%

However, projects that have vested about 60% to 70% of their supply tend to experience low volatility. To ascertain the token’s potential, AMBCrypto looked at what was happening with the token on-chain. Our first observation was the rising Weighted Sentiment.Though the reading was negative, it was a notable increase from -o.574 on the 15th of May, indicating that participants were quitting theirA combination of the negative sentiment and an increased share of social dominance could be great for the price.

However, traders might need to be careful. If the social dominance gets too high, it could be a sign of FOMO. FOMO is an acronym for Fear Of Missing Out.On the other hand, if the sentiment jumps into the positive region, the bullish thesis could be validated.

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