Cryptocurrencies Price Prediction: AVAX, Chainlink & Ethereum – American Wrap 11 May
AVAX price nears March lows following Bitcoin's lead as Cortina upgrade hype dissipates
AVAX price, similar to all the other altcoins in the crypto market, is bound by the broader market cues, which have been rather bearish this month. Nearly halfway through the second quarter, the cryptocurrency has wiped out most of the growth it noted in the last four months. Plus, the lack of investors' support seems to be making it harder to mark a recovery.
Sam Altman, the CEO of an American Artificial Intelligence Research Laboratory (OpenAI), launched an encryption startup Worldcoin. One of the key products of Worldcoin is a cryptocurrency wallet, known as the World App.
Chainlink (LINK) price is acting a bit like an unstable stock at the moment with wild, violent swings and a big pickup in volatility moving in either direction. Bulls wanting to enter the price action must know that a quick 5% higher or lower swing could be just around the corner. With the drop in liquidity, expect these nervous jumps to continue until bulls finally enter to stabilize price action.
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