In 2017, investors were thrilled to buy into AVAX. It had so much potential as it promised to change the way we handled smart contracts. And so far, AVAX has done impressive feats, amassing a market cap of $11 billion since launch.
However, with recent developments, AVAX has lost its mojo. Despite trading at 4.65% weekly gains, the AVAX price has fallen on the monthly price trends, with sharp intraday turns in AVAX price movements on the price charts.
While many experts agree on the likelihood of more bearish trends on AVAX price, there are divided opinions on how AVAX can be salvaged from its present predicament. AMBCrypto analysts believe AVAX price could come back to life and may have to break well above the Ichimoku cloud.
It’s still uncertain what might become of AVAX, but one thing is sure: investors do not want to wait to find out at the expense of their portfolios.
