AVAX rose amid a general market selloff, rising 4.37% in 24 hours

Odaily News OKX market shows that AVAX is currently trading at 38.62 USDT, with a 24-hour increase of 4.37%. AVAX significantly outperformed other major mainstream coins, with many cryptocurrency analysts optimistic about the coin’s prospects. According to analysis by IntoTheBlock, “The number of large AVAX trades is on the rise, reaching nearly 1,000 trades over $100,000 last week. While this is not close to the levels of the last bull market, it is a positive sign for bulls . CoinShares analyst Max Shannon pointed to another bullish factor. “In November, JPMorgan and Apollo also announced news that Avalanche would be used to test the tokenization of real-world assets, which could help support price movements,” Shannon told The Block.