One of the most appreciated cryptos this week was undoubtedly Avalanche (AVAX), and AVAX, which has gained over 35% this week, has gained over 13% today alone. The dramatic rise of AVAX, which has a market value of $ 18.71 thousand, is due to the Avalanche ecosystem.
Considering the tweet published by DeFi Alliance, it is not surprising that Avalanche, which has such an active ecosystem, has gained over 478% in the last 3 months.
DeFi Alliance is delighted to welcome @avalancheavax to our Ecosystem Partnership Program to accelerate teams building on the Avalanche protocol.
DeFi startups apply here: https://t.co/YcfgEQa8ow
Web3 game startups here: https://t.co/qyNTRxRzfbApply by Dec 20! pic.twitter.com/qivizI5P0n
— DeFi Alliance | Is Hiring 🌌 (@defialliance) November 3, 2021
Advantages of Avalanche (AVAX)
One of the biggest advantages of Avalanche, an open, programmable smart contract platform for decentralized applications, is its environmental friendliness. Since AVAX is a Proof-of-Stake coin, no energy is needed to mine it.
Launched in September of 2020, Avalanche’s platform has more than 300 apps on it, which is more than most cryptocurrencies.
On the other hand, Ethereum developers can easily use the Avalanche platform to build solidity compatible dApps. This means that there is a set of documents on the platform that makes it easy for anyone to create smart contracts.
In addition to all these, it is known that Avalanche has a $220 million fund to accelerate the development of its ecosystems.
When evaluated in terms of all these features, AVAX, which is in the 13th place in terms of market value, seems to enter the top 10 by the end of this year.