BUSINESS | Nov 23, 2021 | WOZINGA NEWS
Avalanche keeps on ousting Dogecoin as top 10 cryptocurrency
- AVAX climbs back to top 10 cryptocurrency by market capitalization.
By Marielle Petere Wozinga Staff
Avalanche coin continues on securing the spot as the tenth-largest cryptocurrency by market capitalization.
At this point, AVAX becomes one of the largest Decentralized Finance (DeFi) blockchains.
It again surpasses the meme coins, Dogecoin and Shiba Inu. On Sunday, AVAX briefly overtook Dogecoin with a record high of $144.96.
At the time of publication, DOGE falls to #11. Shiba Inu, however, remains at number 12.
Avalanche surges: Reason
AVAX’s market value has surged after Ava Labs, the creator of Avalanche coin, confirmed its partnership with Deloitte.
Last week, the professional services company Deloitte announced in the press release its collaboration with Ava Labs.
To develop a new U.S. disaster recovery platform through utilizing the Avalanche blockchain is the goal of creating the platform.
It will assist state and local governments easily in showcasing the eligibility for federal emergency funding.
AVAX, DOGE, and SHIB prices: Update
AVAX price, at the time of writing, is $133.59. It is up 41.5% in the last seven day-trading period.
The live market capitalization of AVAX is around $29,90 billion, according to CoinGecko.
At the time of writing, the DOGE price is $0.222971 with more than $29,40 billion market cap. SHIB price is $0.00004424 with a $24,30 billion market cap.
In the past 30 days, AVAX’s price has more than doubled. It has grown more than 3,000% over a year.