Compared to Ethereum (ETH), whose exchange rate followed the price of bitcoin and fell by more than 4% in a week, the Avalanche (AVAX) competition project was moving in the opposite direction. During the same week, AVAX grew by 38%, and even increased by 100% in the last month.
Recently, Avalanche has achieved impressive results, temporarily overcoming the important psychological level of $40. In addition, this token has shown an outstanding annual return, exceeding 200% (information provided by IntoTheBlock).
In addition, Avalanche recorded a significant increase in the number of large transactions, peaking at almost 1,000 transactions worth more than $100,000 in the week ending December 11th.
Avalanche is currently trading at $39.29, marking a 3% daily increase and a 37.4% weekly gain.
Now Avalanche is gaining popularity and is actively moving towards the top of the cryptocurrency rating by market capitalization, taking 11th place in the overall list.
