The layer one blockchain Avalanche (AVAX) recently took over Dogecoin (DOGE) briefly by pushing DOGE out of the top-10 cryptocurrencies by market capitalization. However, DOGE resisted and secured its position back, but the question is, for how long.
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AVAX doubled its price in the last 15 days by rising from $62.1 to $147 and finally trading near the $130 zone.
Over 100% rise in the price helped the Avalanche to enter the top-10 crypto by pushing the memecoin DOGE from its tenth position briefly. While doing so, the market valuation touched the $30 billion mark for the first time. The coin, however, is currently in 11th position with a market cap of $29.8 billion.
Avalanche climbs to a new ATH this Sunday
When the whole crypto market is in a correcting mood after November 10, Avalanche is climbing high, ignoring all the things going around. AVAX today attained a new all-time high at $147. During the downward motion of the market, the coin has surged by over 64% in the last ten days. The trading volume for today is up by 75% after the recent fight with DOGE.
TheCoinRise’s constant market watch earlier today speculated Avalanche’s entry in the top-10 list, which eventually happened following AVAX’s bullish approach.
Deloitte’s entry
AVAX stood strong amidst the market correction after the recent announcement by Deloitte to build its disaster relief systems atop the Avalanche blockchain platform.
As per the press release by the world’s largest accounting firm on November 17 aims to simplify the applications of disaster reimbursement for natural disaster victims by combining and validating the documentation needed for funding.
The famous market analyst Seq posted a rocket emoji on Twitter to hint at his/her long-term bullish approach towards AVAX. The tweet further added that the high-profile partnership would bring more collaborations. The tweet further stated:
“We are just scratching the surface of its potential, and it has only been 14 months since mainnet! Avalanche is just getting started!”
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