AVAX token double-digit drop in 24 hours spooks investors

AVAX or Avalanche is one of the most popular cryptocurrencies, touted as a major Ethereum competitor in the smart contracts space. However, the crypto crash hasn’t spared anyone as AVAX saw a 16% drop in a matter of 24 hours. The price of Avalanche peaked at over $146 in November 2021, and is now down 80% to $28.