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.

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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.