Surging to a notable six-month peak of $20 in the previous week, Avalanche (AVAX) has attracted substantial investor attention, prompting an exploration of the fundamental drivers behind this impressive upward price movement.
Some analysis have singled out the resurgence of GameFi within the Avalanche ecosystem as a pivotal catalyst potentially fueling additional gains in AVAX.
Specifically, on Monday, AVAX revisited the $20 threshold, marking a significant milestone as this price level hadn’t been seen since April 2023.
The GameFi Surge On Avalanche: Unveiling Growth Potential
The GameFi revival as a major growth catalyst suggests that the intersection of decentralized finance and gaming applications within the Avalanche network holds considerable promise.
As the market absorbs this resurgence, questions naturally arise about the sustainability of the bullish