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Avalanche (AVAX) Hottest In Crypto Community: Price Recovery Soon?

source-logo  coingape.com 30 August 2022 02:35, UTC

Interest in AVAX is the highest among cryptocurrencies after claims of anti-competitive practices by Ava Labs, the company behind Avalanche. Serious claims against the company had a negative impact on AVAX price, with a drop by 17% on existing price. The AVAX price recovery was, however, swift after the asset reaching 7-week lows at one point. Crypto group CryptoLeaks accused Ava Labs made a concerted effort to hurt its competitors and avoid any form of regulation. The group claimed that the company’s anti-competitive practices involved trapping its rivals in lawsuits.

coingape.com