Avalanche (AVAX) Predicted To Rally More Than 100%
Avalanche (AVAX) experienced a healthy rally last weekend. The asset is up 1.8% in the daily charts, 5.8% in the 14-day charts, 3.6% over the previous month, and 203.4% since October 2023. Despite the gains, the asset is down 2.6% in the weekly charts. Also Read: US Stocks: GoDaddy Emerges A New Breakout Share: Should You Buy GDDY? Source: CoinGecko Why Is The Cryptocurrency Rallying? The recent rally could be due to Bitcoin (BTC) briefly surpassing the $69,000 mark, which was also the result of BlackRock’s $1.17 billion purchase. Another reason that may have pushed AVAX’s price is the upcoming US Presidential elections. Market analysts anticipate a market-wide rally if Donald Trump takes charge of the Oval Office. Also Read: Bitcoin: BlackRock Buys $1.17 Billion Worth BTC, Price Jumps 7% October has historically been a bullish month for the cryptocurrency market. 2024 seems to follow the same trend, with the market witnessing a healthy rebound after the dip earlier this mon...