3.3 C
London
Friday, February 7, 2025

AVAX Displaced Dogecoin By Continuing Its Rise Despite Bitcoin’s Decline!

Date:

Related stories

PLQ Dismisses Denis Coderre’s Candidacy Amid Tax Authority Concerns in Leadership Race

Denis Coderre's candidacy for the leadership of the Quebec...

Saxon Separatists: Insights into Austria’s Ministry of the Interior Connections

Jörg S., the alleged leader of the 'Saxon Separatists,'...

US Attorney General Launches Investigation into Alleged “Witch Hunt” Targeting Trump

Donald Trump's recent legal strategy under newly appointed Attorney...

Exploring Trump’s Early Reception of Japan’s Prime Minister: Key Insights and Significance

Donald Trump's upcoming meeting with Japanese Prime Minister Shigeru...

Revolutionizing Television: The Impact of DALS on Prime Time Ballroom Dance

Chris Marques reflects on his journey as a judge...
- Advertisement -

Avalanche (AVAX) continues its strong rise despite short-term correction movements in Bitcoin (BTC).

One of the fastest recovering altcoins in the cryptocurrency market after the declines on December 11 AVAX happened. Last 2 year bear during the season $147 from level under $10 to AVAX investors who fell as low as stressful days He kept it alive.

However, the project showed a strong performance as the market recovered in 2023, despite the recent declines. From May 2022 this is a lie 40 dollars for the first time He managed to get on top.

On the other hand, DeFiLIama data indicates that we may be at the top of everything for the Avalanche ecosystem. Despite the increase in price, the price on the Avalanche network total assets locked (TVL) its value is still April 2023 with levels $930 million Watching in the band. This strengthens the possibility that the Avalanche ecosystem will offer unexpected profits in the coming period.

CoinShares analyst who made a statement on the subject max Shannonespecially last November JPMorgan And Avalanche He emphasized that the cooperation announced between the network is an important driving force for the price increase:

In November, JPMorgan and Apollo also announced the news that Avalanche would be used to test real-world asset tokenization, which likely supports the price action.

Overtakes Dogecoin (DOGE)

Avalanche’s continued solid march despite the decline in the cryptocurrency market led it to displace Dogecoin. First on CoinGecko in terms of market value Entering the top 10, AVAX reached 15 billion dollars reached. Dogecoin is at the time of writing $13.68 billion has market value.

According to CoinGecko data, in the last 24 hours 17% up Bitcoin exhibiting, at the time of writing from $41 is being traded.

source site-9

Latest stories