At press time, AVAX is trading at $70.65, a 0.51% increase in price in the last 24 hours. The utility token is currently trading below the 20-day moving average support price peg of $84.67. However, this bearish trade presents an excellent opportunity for investors to buy AVAX Coin .
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Avalanche (AVAX) is a layer-1 smart contract platform built by Ava Labs , which is headquartered in Singapore. It is a proprietary proof-of-stake blockchain that is Ethereum-compatible.
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