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NewsBTC 2021-11-23 21:11:00

How Avalanche Has Climbed It’s Way Towards The Top

If you’ve been paying attention to the broader crypto market lately, you might’ve noticed the emergence of Avalanche (AVAX). While many of the biggest coins in crypto have been experiencing some slight declines, most of which have come after ridiculous gains throughout the year, Avalanche has been outperforming peers by leaps and bounds. If you’re not familiar with the blockchain, spearheaded by Ava Labs, now might be the time to get acquainted. The $AVAX token has found it’s way to aggressively challenging the top 10 cryptos by market cap – no small task – and there’s been no memes necessary to make it all happen. When It Rains, It’s… An Avalanche? While the dictionary definition of an avalanche is “snow, ice, and rocks falling rapidly down a mountainside,” the AVAX token has been… exactly the opposite in recent weeks. The one-month chart tells quite a story, with a price that has roughly doubled in the past thirty days: AVAX has had stellar Q3 and Q4 this year. | Source: AVAX-USD on TradingView.com This is nothing to write off. In fact, if you look at the top 20 tokens by market cap, excluding stablecoins, at the time of publishing only two tokens have a green chart over the past 7 days: Crypto.com’s token, $CRO, which has performed well after sealing in the naming rights to Los Angeles’ formerly-known Staples Center, and of course, Aval...

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