Avalanche may have had a solid Q1, but what promise does April hold

ambcrypto.com:

Having dominated other cryptocurrencies in the market, price, and social activity, Avalanche [AVAX] was one of the best performers in March.

But this outmatch did not only begin in the third month. In terms of price, AVAX has been able to dominate the second-ranked asset in market cap Ethereum [ETH] in the last 90 days. While ETH boasted of a 50% hike, AVAX put up a 60.30% increase in the first quarter.

Realistic or not, here’s AVAX’s market cap in ETH’s terms

Although LunarCrush ranked listed the token of the layer one (L1) blockchain as one of the top assets with the best traction, its current condition may call for wariness as next month approaches.

First off, the social intelligence platform revealed that social contribution in relation to the asset has decreased by 79.9% in the last seven days as shown below.

Source: LunarCrush

The metric shows the tally of the number of unique people discussing an asset in real time. Since the value had secretly diminished, it implied that the velocity of AVAX social interaction was down and traction trended lower.

Another metric that has dwindled over the same period is the bullish sentiment. The metric specifically considers shared perception about an asset. Although the bullish sentiment rose over the last 24 hours, the seven-day performance was a 66.95% decline.

Despite having the support of Bankless co-founder who posted severally about the token, AVAX’s acumen moved downwards. Due to these backtracks, its alt rank position which puts market volume perspective into consideration budged 44 places.

In terms of Non-Fungible Tokens (NFTs) sales, Santiment revealed that collectibles linked to the blockchain had several good days. As revealed by the on-chain tracking