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AVNT Token Hits All-Time High Following Binance, Coinbase Listings
The broader crypto market experienced a pullback, but Avantis's native token, AVNT, has reached new highs.
- AVNT hit an all-time high of $2.66, currently consolidating around $2.3.
- The token increased by over 60% in the past week, with its market cap nearly doubling to approximately $618 million.
- Listings on Binance and Coinbase significantly contributed to this surge.
- Binance announced a 10 million-token airdrop for BNB holders, attracting more buyers.
- Math Wallet's integration of AVNT further enhances accessibility.
Avantis offers:
- Leverage up to 500x
- Synthetic markets
- Governance through AVNT token
- Staking options
- Integration of real-world assets like metals and major currencies
Market Dynamics
- AVNT shows strong upward momentum, nearing the upper Bollinger Band, indicating potential volatility.
- Key resistance at $2.66, with support near $2.00 and stronger backing at $1.80.
AVNT price chart with RSI and Bollinger Bands | Source: TradingView
- RSI indicates overbought conditions; a move above $2.66 could push prices to the $3 region.
- Fixed supply of 1 billion AVNT tokens, with about 258 million circulating. Over 70% locked for airdrops, staking rewards, and early investor allocations.
- Future token unlocks may create selling pressure if market demand decreases.