Cryptocurrency community in Turkey closely followed by the name of the altcoin often mentioned. Avalanche (AVAX), again broke the all-time record. AVAX price gained about 8.5% on November 20 to hit $124 and a new high was reached.
AVAX Sees $124
Reaching up to $ 124 on Binance, AVAX actually showed the benefits of popularity by moving upwards even when the entire crypto money industry was falling. Currently, there are many applications developed in the Avalanche network and many notable developments. This creates buying pressure for the network’s own cryptocurrency, AVAX, and the price rises accordingly.
Looking at the technical outlook, $117 is a critical point for AVAX price. As long as it doesn’t go below $117, the price could test $125 and $143 from here.
AVAX has gained 3576 percent against the US dollar since the start of the year. AVAX, which showed an incredible performance and rose in a short time, still could not enter the top 10 and is currently in the 11th place.
AVAX has a total market cap of over $25 billion and is almost $1 billion behind the Shiba Inu. The continuation of AVAX’s rise will result in its being surpassed in the coming days. In order to enter the Top 10, Dogecoin, which has a value of $ 31 billion, must be passed.