AVAX USDT Battles To Hold $12: Will SEC-Avalanche Crypto Friendship Save AVAX Price?

It is hard to believe that less than four years ago, AVAX USDT was trading in the triple digits, at an all-time high of $158. Since that day in early 2022, Avalanche crypto has fallen by -91%, with today’s -4.2% drop the latest bloodbath for the Layer-1 blockchain project. During its height, AVAX was also a top 15 token by market cap, but has since dropped to 32nd, with a valuation of$ 5.3Bn, a fall from grace as the token was once valued at over $30Bn. A recent alliance with the US SEC has the Avalanche ...