Avalanche’s native token AVAX has overtaken Dogecoin and Shiba Inu to rank among the top ten cryptos, despite an industry-wide crypto rout.
The token gained an upward momentum after Deloitte announced plans to use Avalanche’s technology to build US efficient disaster relief platforms. The multi-national professional service firm said it had partnered with Ava Labs in the deal.
AVAX traded at $134 on Monday after surging about 40% in the past seven days. The token currently has a market cap of $29.55 billion, ahead of Dogecoin, which has $29.52 billion.
The crypto token has returned over 100% in the past month and grown over 3,000% year to date. AVAXUSD reached an all-time high of $147 on November 21, before closing the day at $128. The token has defied a crypto crash that wiped hundreds of billions of dollars in market value.
Source: Forbes