Ethereum

Cryptocurrency

Solana

Bitcoin

Avalanche

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 <p class="paragraph">While Ethereum (ETH) has started to write down losses in recent days, its <a rel="noopener noreferrer nofollow" title="rival" href="https://thebittimes.com/tag/rival.html">rival</a> cryptocurrency, Avalanche (AVAX), has moved in the opposite direction, not only advancing 38% in the week during which Ethereum declined over 4% but also skyrocketing over 100% in the last <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a> as its competitor only gained 6%.</p>
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 <p class="paragraph">Indeed, Avalanche has made some impressive gains in recent weeks, briefly crossing the important psychological threshold at $40 before reverting back below it, but not without making its mark in the currently lagging market that has also seen Bitcoin (BTC) drop nearly 7% in the last week, as per data on December 13.</p>
 <p class="paragraph">Speaking of the flagship decentralized finance (DeFi) asset, Avalanche has also surpassed its performance, with an impressive yearly return of more than 200%, according to the recent chart information shared by the blockchain and crypto market analytics platform <em>IntoTheBlock </em>on December 12.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/QxVDOLEPELpMU-l3Rxbr29cz2JMZtY5dySE66_BhOdbWeNJPP30gocofIk-UNyN1qk4pYxyWq9BkubA1Aue5lCBc0UnC6DT0YZ91CQiRTYcnOE8Mpsb3RzX4TlTycCxy9xA1JxCsvOizfJbno7eUwOA" alt>
  <figcaption class="wp-element-caption"><em>AVAX performance vs. other cryptos. Source: </em><em>IntoTheBlock</em>
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 <p class="paragraph">Furthermore, Avalanche has earlier recorded a significant increase in the number of large transactions of its token, peaking at almost 1,000 transactions larger than $100,000 in the week leading up to December 11, which the analytics company referred to as a “positive sign for the bulls.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/UMEZFQ2Xcyat--8WHFOYXinLiiQ5c8nw1UKbNjBhwUoiDZblRM1GzVTHbcrQpcwkPSYtKSq0l9uPmPPHfq7UeOOK-CKa5v4Zh3x3YrhyrKn7FCQzxgoKe34tzzwZg1sYnRKzlEgATx9ul2tVGHAEmtg" alt>
  <figcaption class="wp-element-caption"><em>Number of large AVAX transactions. Source: </em><em>IntoTheBlock</em>
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 <h2 class="wp-block-heading" id="h-avalanche-price-analysis">Avalanche price analysis</h2>
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       <h3 class="font-bold leading-6 " id="google-bard-predicts-avalanche-price-for-the-start-of-2024">Google Bard predicts Avalanche price for the start of 2024</h3>
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 <p class="paragraph">At press time, Avalanche was changing hands at the price of $36.44, which suggests a decline of 9.63% in the last 24 hours but nonetheless an increase of&nbsp;41.65% across the previous seven days, in addition to making the impressive advance of 102.22% in the past <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, as the latest charts demonstrate.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/fOhzrnUOjvnUAGf6LJZKyQPuRunjacrEa40RtUrlqUvV3KvVhCZrEsc7f1HFio63LV6cU7q7weztANsGgfgwvSTkUhY5iPNDGenu8EvV4nLxviWDR5DQAPjVcLQEsLyasMZreNryGo9Pj_oF7wdn7ic" alt>
  <figcaption class="wp-element-caption"><em>Avalanche 30-day price chart. Source: </em><em>Finbold</em>
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 </figure>
 <p class="paragraph">Overall, Avalanche has made some surprising movements despite the crypto sector’s slightly bearish turn, suggesting even more strength for the currently ninth-largest digital asset in the long run, making AVAX one of the top three DeFi projects to buy right now, next to Ethereum and Solana (SOL).</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-ethereum-s-rival-has-skyrocketed-100-in-a-month-here-s-how-tbt73537.html">https://thebittimes.com/this-ethereum-s-rival-has-skyrocketed-100-in-a-month-here-s-how-tbt73537.html</a></p>

This Ethereum’s rival has skyrocketed 100% in a month; Here’s how

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