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While the cryptocurrency market is undergoing one of the most drastic amendments of 2021, a cryptocurrency (AVAX) has been highlighted, setting the highest for all time in the process.
Avalanche (AVAX) Sets a new high for the era
Avalanche (AVAX) has faced a downward trend that has swallowed up the crypto market, gaining more than 87% in the last 30 days.
Avalanche’s 30-day price chart (AVAX). Source: Tradingview
In the last week, Avalanche has gained more than 33%, making AVAX the third largest gain among the top 50 cryptocurrencies, ranked by market capitalization.
Avalanche’s seven-day price chart (AVAX). Source: Tradingview
A 30-day big push Avalanche set a historic high of $ 110.31 on November 18th. The ATH Smart-Contracts platform announced a partnership agreement with accounting firm Deloitte “four big” and came within hours.
On The Flipside
- Although DeFi is one of the main platforms, Avalanche has hit it with two big hacks. $ 35 million including Vee Finance hack.
How is Avalanche doing now?
Although it is common to return after hitting an ATH, especially in a bearish market facing foreign exchange, AVAX has continued to show signs of a strong bullish momentum.
In the last 24 hours, AVAX has gained more than 7%, and is now selling for $ 109,410 in this writing, less than 1% of its ATH since November 8th.
Avalanche 24-hour price chart (AVAX). Source: Tradingview
Although launched in 2020 alone, Avalanche (AVAX) has a market capitalization of $ 24,110 billion, and (LUNA) became the 12th largest cryptocurrency and the fifth largest competitor.
Why should you care?
Avalanche’s price hike confirms that the crypto industry has grown since the time when Bitcoin’s performance would set the trend for the entire market.
MAGAZINE WOMAN
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Fusion Media or anyone involved with Fusion Media will not be liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, which is one of the most risky forms of investment possible.
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