Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion Monero underwent a successful hard fork First acquisition agreement crypto project for $1,2 billion terminated due financial statements OpenSea allowed reselling stolen NFTs

Avalanche pushes out Dogecoin and Shiba, ranking among the top 10 by market capitalization

Avalanche pushes out Dogecoin and Shiba, ranking among the top 10 by market capitalization

On November 21, the Avalanche cryptocurrency (AVAX) managed to reach its record value, just slightly under $145. At the same time, the coin's market capitalization increased to an impressive value of $30 million. This leap made Avalanche move up to the top 10 of the cryptocurrency market cup rating, bypassing popular projects such as Dogecoin (DOGE) and SHIBA INU (SHIB).

A sharp investment inflow and price growth of this coin followed the announced partnership of Avalanche Network with Deloitte, the world's largest consulting leader. Both parties are interested in partnering to develop effective disaster management platforms.

A partnership with CAYG ("Close as You Go"), one of the Big Four in the disaster management project, will greatly speed up compensation for victims of natural disasters.

Many analysts believe that if such cooperation is successful, the AVAX price won't stop rising, with all chances to double. Moreover, such growth will allow Avalanche to compete with Cardano (ADA) and Solana (SOL) for a place in the top 5 cryptocurrencies by market capitalization.

0
Is there an error in the article?
To report