Avalanche

Time

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Avalanche (AVAX) is proving yet again how a cryptocurrency can be completely revived and placed on a rare growth pedestal. The proof-of-stake (PoS) protocol, described as the fastest in the industry in terms of Time to Finality, has entered into the top 10 list of cryptocurrencies by market capitalization after its&nbsp;<a href="https://coinmarketcap.com/currencies/avalanche/">resounding</a> 105% growth over the past month.
At the time of writing, Avalanche is trading at $26.08, up 18.09% in the past 24 hours. At this price level, the coin has seen its market capitalization jump to $9,595,546,728, displacing Tron (TRX) with a market cap of $9,127,215,220 from 10th place. The performance is highly revered as it underscores the sustained attempt by Avalanche to stay relevant by keeping up with the innovation and evolution in the industry.
Avalanche’s current price above $26 is the highest the coin has&nbsp;<a href="https://u.today/avalanche-avax-up-8-as-its-latest-innovations-got-unpacked-details">printed</a> thus far this year, and this price level comes off as the best from the cryptocurrency since Aug. 18, 2022. This proves that irrespective of the crypto winter, Avalanche has had to fight many internal hurdles to record the history it now boasts of today.
<h2 id="specific-avalanche-on-chain-records">Specific Avalanche on-chain records</h2>
Avalanche has a rich history of impressive on-chain activity spanning beyond just price action. As&nbsp;<a href="https://u.today/avalanche-avax-achieves-network-transaction-ath-driving-forces-behind-it">reported</a> by U.Today last Friday, Avalanche recorded an all-time high (ATH) in its on-chain transactions, which came in at 3.07 million. The impact of Ordinal inscriptions on the network reportedly aided this milestone.
Avalanche has also mimicked its peers in ushering in some of the most hyped projects in recent times. The social protocol, Stars Arena, contributed to the growth of Avalanche recently, although the Friend Tech copycat&nbsp;<a href="https://u.today/avalanche-friendtech-copycat-stars-arena-suffers-second-attack-in-three-days">hit a roadblock recently</a>.&nbsp;
Also, Avalanche was recognized for its unique value proposition as it featured in a JPMorgan experiment, effectively setting it up on the global financial scene.

Avalanche (AVAX) Enters Top 10 After 105% Growth Sprint

Table of Contents

U_Today

Other articles published on Dec 6, 2023

Cathie Wood’s Ark Capitalizes on Bitcoin Rally, Sells Millions in Coinbase and GBTC Shares

Congressman Grills SEC Representative on Crypto Regulation and Clarity

Bitcoin Crucial Metric Surge Revealed, At Least 890% BTC Spike on Horizon

Analyst Shares Setups on Ordinals (ORDI), Stacks (STX) and One Altcoin That Could Go ‘Much Higher...

Crypto Expert Predicts Imminent Bitcoin (BTC) Price Correction – When to Expect It?

Institutions can consider these tokens; can they outpace GFOX

Join our free newsletter for daily crypto updates!