AVAX Surges as Stablecoin Supply Jumps 48% in One Week

Avalanche's native token, AVAX, is gaining attention from analysts as on-chain activity and technical indicators improve.

Crypto analyst Michaël van de Poppe notes that a 48% surge in stablecoin supply over the past week could indicate increasing adoption and ecosystem growth.

The analyst also highlights BlackRock's BUIDL fund, which has grown by over 100% on Avalanche during this period.

Van de Poppe believes AVAX may reach $10+ if current support levels hold, citing a bullish chart structure and strong ecosystem growth.