Ethereum (ETH) is chasing a new all-time high, while Avalanche (AVAX) has risen above $60, but many investors’ attention has shifted to a project that is expected to be 100x by the end of this year.
Avalanche (AVAX) Surges Toward $80 Mark
Avalanche (AVAX) holders are overjoyed that the coin has risen above $54. At the time of writing, Avalanche (AVAX) was trading at $60.56 with a market capitalization of $22.88 billion. The coin, which just surpassed Shiba Inu (SHIB) as the #10 cryptocurrency by market capitalization, aims to reach $80 by the end of the year.
Analysts hope the bullish trend continues, but if it reverses, Avalanche (AVAX) might go as low as $45.
Diversifying Your Ethereum Portfolio: A Guide for ETH Holders
The second-largest cryptocurrency by market capitalization is presently trading at $3,727.29. Ethereum (ETH) is facing resistance at $4,069 and has fallen below $4,000 despite the latest Dencun upgrade. It has approximately $3,700 of support. Before entering the market, investors wait to observe which way the trend will turn.
Analysts predict that if buyers take command, Ethereum (ETH) might reach $4,500. Investors in Ethereum (ETH) are considering moving their winnings to other projects in order to maximize profits during the current bull run.
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
