Here’s Why Avalanche (AVAX) Is Up 80% Weekly

Avalanche has been on a tear lately. The native token of the Layer 1 network – AVAX – stood out as one of the major crypto assets resilient to the recent drawdown in the market. It has recorded a remarkable weekly gain of over 82%, in stark contrast to the declining performance of its peers.

AVAX surged to $40.26, surpassing Dogecoin and securing its position as the ninth-largest crypto by market capitalization. In the last 24 hours alone, the token has seen a more than 10% increase.

Avalanche’s on-chain metrics appear to be firmly supporting the uptrend.
The number of AVAX transactions surpassing $100,000 peaked at almost 1,000. While the current level remains below the high observed in the previous bull market, this increase is seen as a positive sign of the ongoing bullish trend.#ContentStar #HotTopicDiscussion #ContentMining #HotColumn #Gate post Highlights