Avalanche ecosystem, which joined the SocialFi trend with the StarsArena project, has virtually resurrected AVAX.
AVAX, which has been in a steeper downward trend for months compared to other altcoins, recently dropped to $ 8.60. The major coin, which reached its price in January 2021, created serious concern and fear not only in terms of crypto money but also for its ecosystem.
But the SocialFi trend, which started recently, was the cure for AVAX. As SocialFi projects gained popularity, the Avalanche ecosystem turned directly to this field and, as a driving force for the AVAX price, brought a 20 percent increase in a short time.
StarsArena craze has turned the tide for AVAX!
StarsArena, which included many famous names, especially from the crypto industry, shook the SocialFi craze. The platform, which reached 1,000,000 TVL in a very short time, almost made us forget the popular names of SocialFi, FriendTech and PostTech. The fact that AVAX was used for transactions on the platform directly benefited the token price. AVAX, which has been silent for months, exploded with the driving force of StarsArena.
The popular coin, which started its upward movement from $ 8.60, has been experiencing voluminous price movements, especially in the last few days. These figures increased in the last 24 hours, showing a performance of 13.16 percent. If the StarsArena frenzy continues or BTC moves towards $30,000, the levels AVAX can target are $10.83 – 12.24 – 13.83 and $15.96 respectively.
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