Avalanche

<p>In the past few days, several cryptocurrencies have shown a remarkably dynamic performance. This is the case with AVAX, the native crypto of the Avalanche firm. It has seen its valuation skyrocket by 79% in just one week. Here’s how this result was achieved.</p>
<h2 id="h-the-crypto-avax-achieves-a-weekly-surge-of-79">The crypto AVAX achieves a weekly surge of 79%</h2>
<p>It seems that <a href="https://www.cointribune.com/en/crypto-markets/avalanche-avax-en/" target="_blank" rel="noopener noreferrer nofollow">AVAX</a>, the native crypto of Avalanche, has defied the recent cryptocurrency market slowdown. The asset displays an impressive weekly gain of 79%. It is thus one of the few leading cryptos to have progressed while others have fallen.</p>
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<p>Analysts attribute <a href="https://www.cryptopolitan.com/avalanche-avax-a-cryptocurrency-that-has/" target="_blank" rel="noopener noreferrer nofollow">the remarkable performance of AVAX</a> to a combination of factors. First, there are recent strategic partnerships with financial giants JPMorgan and Citi for initiatives in asset tokenization.</p>
<p>Ryan Mcmillin, Investment Director at Merkle Tree Capital, has highlighted the impact of these high-level collaborations. He believes that these major partnerships have played a central role in AVAX’s soaring value.</p>
<p>Next, the recent surge in AVAX crypto appears to be closely linked to a substantial increase in daily transactions. These have jumped from $200,000 to $4.5 million in just a few days. In addition, there is an increase in daily active addresses highlighting increased engagement within the Avalanche network.</p>
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     <p lang="en" dir="ltr">Avalanche was ‘undervalued’ before posting 79% weekly gain — Analysts<a href="https://twitter.com/hashtag/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Avalanche</a><br> The Avalanche network’s total value locked (TVL) has grown 82% from $490 million to $894 million in the past three months since Sept. 12, while AVAX token trading volume surged 2,436% in… <a href="https://t.co/tiVESo7rsW" rel="noopener noreferrer nofollow">pic.twitter.com/tiVESo7rsW</a></p>— A-Ami (@TuanHa44853815) <a href="https://twitter.com/TuanHa44853815/status/1734538676749893732?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2023</a>
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 <figcaption class="wp-element-caption"><em>Avalanche’s AVAX asset experiences an impressive weekly growth of 79%</em>
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<h2 id="h-sustained-dynamism-from-laudatory-indicators">Sustained Dynamism from Laudatory Indicators</h2>
<p>The fundamental crypto indicators of the Avalanche network are telling. Over the past three months, the total value locked (TVL) on the Avalanche network has made a more than impressive leap of 82%.</p>
<p>According to the latest available data, Avalanche’s TVL has thus increased from $490 million to $894 million. Concurrently, the exchange volume of AVAX cryptos has seen an astonishing increase of 2436% during the same period.</p>
<p>According to Henrik Andersson, Chief Investment Officer at Apollo Crypto, AVAX could even be undervalued compared to market norms. He noted that a few weeks ago, the crypto platform displayed a TVL significantly higher than Solana.</p>
<p>Yet, despite the continuous growth of its TVL, AVAX’s market capitalization is currently half that of Solana. This situation suggests that a potential reevaluation of its value on the cryptocurrency market could occur.&nbsp;</p>

Crypto: AVAX Makes Spectacular 79% Leap in One Week

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