Shiba

Token

Shiba Inu

Avalanche

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Avalanche (AVAX) has just edged out Tron (TRX) in the ranking as the market lights up after a sudden recovery came on Sunday evening. At the time of writing, Avalanche is&nbsp;<a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">changing hands</a> for $31.94, up by 10.91% in the past 24 hours. The digital currency has extended its weekly gains to 17.03% to underscore its sustained positive twist.</p> <img data-entity-type="file" data-entity-uuid="28efb482-16a4-401e-8025-4a9fab27aa8d" src="https://u.today/sites/default/files/inline-images/AVAX_1D_graph_coinmarketcap%20%281%29.jpeg"><a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">Avalanche 1D Chart. Source: CoinMarketCap</a>
<h2 id="uneven-flipping-game">Uneven flipping game</h2>
<p dir="ltr">The growth trends of Avalanche have pushed it to hit a market capitalization of $12,608,433,339. This has pushed it above Tron’s $11,835,009,812. This flip is nothing special, except Avalanche can sustain the growth trend in the long term.</p>
<p dir="ltr">Token flipping is common on the market, especially if there is an uneven surge in some vital metrics between the two tokens. While Avalanche is in the spotlight at the moment, it is one of the&nbsp;<a href="https://u.today/avalanche-avax-drops-8-real-reason-uncovered" rel="noopener noreferrer nofollow">most flipped</a> digital currencies in the top 20 assets by market capitalization.</p>
<p dir="ltr">Specifically, Shiba Inu (SHIB) has a more definitive record of flipping Avalanche on the market. The latest of this flipping, as&nbsp;<a href="https://u.today/shiba-inu-shib-rockets-ahead-of-avax-with-10-price-jump" rel="noopener noreferrer nofollow">recorded</a> by U.Today came about a week ago. However, as is common, the meme coin could not keep up with the ranking.</p>
<p dir="ltr">Avalanche is looking primed to go further as it stands, considering its trading volume has skyrocketed by 214% in 24 hours, to $857,560,520. This is proof that the sentiment is high.</p>
<h2 id="best-of-avalanche-yet-to-come">Best of Avalanche yet to come</h2>
<p dir="ltr">Avalanche is a high-performing coin whose best is yet to come. Notably, the Avalanche ecosystem is advancing at a fast pace. The protocol is doing all it can to innovate, in a bid to compete with its peers overall.</p>
<p>While Avalanche is actively working to right its wrongs, including&nbsp;<a href="https://u.today/avalanche-faces-downtime-avax-price-in-red" rel="noopener noreferrer nofollow">downtime issues</a>, some of its protocols, like Benqi, are attracting good traction that might further boost its growth prospects in the near future.</p>

Avalanche (AVAX) Skyrockets 17% to Displace Tron (TRX)

Table of Contents

U_Today

Other articles published on Jul 22, 2024

Mt. Gox Transfers 0.021 BTC to New Wallet Amid Repayment Efforts

Whale Trades $ENS for $MKR, Nets $109K Profit

Biden’s exit boosts Bitcoin: Will Musk’s ‘laser eyes’ add to the hype?

Polygon (MATIC) Migrates To POL, Price Dips 7%, Investors Migrate To Rollblock (RBLK) In Crypto M...

What to expect when spot Ethereum ETFs start trading tomorrow

XRP Price Surges as Ripple Labs Transfers $87 Million to Unknown Wallet

Join our free newsletter for daily crypto updates!