Avalanche (AVAX) Surges to Top 10, Surpassing Shiba Inu (SHIB) in Market Cap
Avalanche (AVAX) has continued its recent surge surpassing Shiba Inu (SHIB) to enter the top ten cryptocurrencies in terms of market cap. The asset has traded above $50 and its native token AVAX has become one of the top cryptocurrencies by market cap volume.
According to Blockworks, Avalanche (AVAX) has recently become a top-10 cryptocurrency by market cap, reaching $9.8 billion. This is the highest rank it has achieved all. Avalanche (AVAX) overtook Dogecoin and Shiba Inu to become the tenth most valuable cryptocurrency by market cap, with an all-time high market cap of $31.5B, which reflects the blockchain's growing popularity and adoption.
AVAX Surges Despite Market Volatility
AVAX surges 10% to $43.78 despite market volatility, showcasing its resilience and investor confidence. Growing network activity with increased new and active addresses underscores the sustained demand for Avalanche's fast and scalable platform.
According to Blockworks, Avalanche (AVAX) has surpassed Bitcoin Cash (BCH), Polygon (MATIC), Polkadot (DOT), Tron (TRX) and Chainlink (LINK) in the past two weeks, cementing its position as a leading Layer 1 blockchain. Avalanche has soared in popularity, with its native token AVAX becoming one of the top cryptocurrencies.
Stay updated on the latest Avalanche (AVAX) news, price predictions, and market analysis as it continues to climb the ranks and challenge established cryptocurrencies.