There has been a notable increase in social volume and sentiment for AVAX during the current pullback in April, according to a recent community insight from the DCXResearch team. In February 2023, the cryptocurrency Avalanche (AVAX) price reached $21, but social volume was minimal at that time, and sentiments were stagnant.
In light of the current pullback, a tweet from the DCXResearch team has revealed some interesting insights about the social volume and sentiment surrounding this digital asset:
📈 The latest community insight posted by the #DCXResearch team notes that in February 2023, when the price of #Avalanche reached $21, there was minimal social volume and sentiments were stagnant. However, during the current pullback, there has been a notable increase in both pic.twitter.com/Qb4qD9dt0x
— Santiment (@santimentfeed) April 12, 2023
The recent development has caught the attention of many cryptocurrency investors and enthusiasts closely following the market trends. The surge in social volume and sentiment for AVAX during the current drawback suggests that the cryptocurrency may be experiencing renewed investor interest.
Significantly, the DCXResearch team believes that the increased social volume and sentiment could indicate a potential bullish trend for AVAX soon. However, they caution that investors should carefully analyze the market before making investment decisions.
The latest community insight posted by the DCXResearch team notes a significant increase in online discussions around AVAX and a more positive sentiment towards the coin. Specifically, the report highlights the trend of increasing social volume and sentiment for AVAX during the current recedes in April.
Overall, the recent increase in social volume and sentiment for AVAX is a positive development for the cryptocurrency market. As more investors become interested in AVAX, it could potentially lead to a surge in the cryptocurrency’s price soon.
