AVAX Struggles to Keep Up with Competitors: YTD Performance Analysis

Overall, AVAX has been struggling to keep up with its competitors in terms of YTD return on interest. The bearish trend in its price, coupled with a decline in sentiment and social volume, has put Avalanche in a tough spot. The network’s usage and activity have also seen a decline, indicating a lack of interest from users.

In order for AVAX to turn things around, it will need to regain favor on social media platforms and see an increase in network activity. Only time will tell if Avalanche can bounce back from its current underperformance and regain its position in the market.