Avalanche cryptocurrency AVAX becomes one of the 10 largest cryptocurrencies, surpassing popular meme tokens Dogecoin and Shiba Inu, according to a report by Forbes on Monday.
- AVAX defied a broader market crash that wiped off billions in value and caused prices of major cryptocurrencies like bitcoin and ether to plunge from near-record highs.
- The token’s price rose after professional services giant Deloitte reported plans to use Avalanche’s technology to construct better U.S. disaster relief platforms.
- AVAX was trading at nearly $134 on Monday after rising nearly 40% in the last week.
- The rally expanded AVAX’s market cap to only under $30 billion, just overtaking dogecoin.
The price of AVAX has surged more than double in the last 30 days and expanded over 3,000% in the last year. AVAX USD up +3.11%, DOGE USD down -1.44%