Emin Gün Sirer, the co-founder of Avalanche, discusses macroeconomic realities and the value of AVAX

Avalanche's price has plummeted since the crypto asset's all-time high, with the token losing 83 percent of its worth since then. Emin Gün Sirer, the co-founder of Avalanche, explained how bear market circumstances have affected cryptocurrencies like avalanche in a recent interview with a local media outlet. "Macro factors," according to the Avalanche co-founder, have caused "all asset prices—not only crypto but also equities—to fall down."