Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event
AVAX price rallied after announcing news of an Amazon cloud integration, but does the news do anything to improve Avalanche’s fundamentals?
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A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
AVAX price gave up recent gains after correcting by 16% and the network’s declining TVL and DApp use suggest that the protocol is losing ground versus its competitors.