AVAX Hits Multi-Month Peak, as MATIC Jumps to 1-Week High – Market Updates Bitcoin News
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The cryptocurrency market has seen a surge in activity over the past few weeks, with a number of major coins hitting multi-month highs. The most notable of these is AVAX, which hit a new all-time high of $2.68 on April 19th. This marks a significant increase from the coin’s previous peak of $1.35 in February.
The surge in AVAX’s price has been driven by a number of factors, including increased institutional interest in the coin, increased liquidity in the market, and the recent announcement of a new staking program for the coin. The staking program allows users to earn rewards for holding AVAX in their wallets, and this has helped to further drive demand for the coin.
Another coin that has seen a significant surge in price over the past week is MATIC. The coin hit a one-week high of $0.30 on April 20th, before retracing slightly. This marks a significant increase from the coin’s previous peak of $0.17 in March.
The surge in MATIC’s price can be attributed to the recent announcement of a new staking program for the coin, as well as increased institutional interest in the coin. The staking program allows users to earn rewards for holding MATIC in their wallets, and this has helped to further drive demand for the coin.
Overall, the cryptocurrency market has seen a surge in activity over the past few weeks, with a number of major coins hitting multi-month highs. AVAX and MATIC have been two of the biggest beneficiaries of this surge, and it appears that the trend is likely to continue in the near future. With increased institutional interest in the space, as well as new staking programs for both coins, it is likely that these two coins will continue to see further gains in the coming weeks.
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