Avalanche Flips Dogecoin With 40% Weekly Surge

Avalanche Flips Dogecoin With 40% Weekly Surge
  • Avalanche has flipped Dogecoin on CoinMarketCap and CoinGecko.
  • AVAX is currently having a 40% weekly surge.
  • The rest of the major cryptocurrencies are encountering bloody resistances.

Avalanche (AVAX) has recently flipped Dogecoin to become the 10th highest cryptocurrency in terms of market capitalization. Its recent performance has been phenomenal and it is arguably the only cryptocurrency in the top 10 that is in the green.

Avalanche price also hit its all-time high (ATH) recently at $144.96 before having a slight pullback. Moreover, AVAX prices saw a 40% surge in the last seven days.

AVAX/USDT 1-day chart (source: TradingView)

At the time of writing, Avalanche price is trading at $133.01, according to CoinGecko.

Some attribute Avalanche’s price rally to the protest of crypto users regarding Ethereum’s outrageous fees for transactions. On the other hand, Avalanche boasts of enabling the “fastest smart contracts” as measured by time-to-finality. Also, Avalanche does this with modest fees.

Meanwhile, Avalanche will have its summit in Barcelona, Spain, in the first quarter of 2022. Interested persons can get more information here.

In another news, El Salvador recently unveiled its plans to build what it calls Bitcoin City. This will function more like a free zone area, which offers attractive incentives to businesses.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.