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Why Avalanche investors should maintain caution despite these new updates
- Avalanche’s NFT ecosystem got good news as NAKAVERSE went multichain.
- A few metrics and market indicators were in sellers’ favor.
Avalanche’s [AVAX] NFT ecosystem got good news on 23 January, which could help the network register growth in the field. Nakamoto Games, a metaverse ecosystem, recently announced that NAKAVERSE was poised to go multichain. They began by integrating NFTs with Dogecoin [DOGE] and would soon add other networks, including Avalanche.
— Nakamoto.Games (@NakamotoGames) January 23, 2023
However, Avalanche’s performance in its NFT space was not up to the mark. Santiment’s chart revealed that AVAX’s total NFT trade counts and total NFT trade volume in USD declined over the last seven days.
Apart from the NFT space, Avalanche validators also got a new opportunity. DeepSquare, which is a decentralized cloud computing ecosystem, revealed that it was looking for 10 Avalanche validators to validate DeepSquare’s subnet.
— DeepSquare.io (@DeepSQUAREio) January 23, 2023
How has AVAX been?