đđ„ Avalanche ($AVAX ) explodes by 17% and overtakes Tron ($TRX )! đ„đ
Avalanche (AVAX) just surpassed Tron (TRX) in the rankings, as the market lights up after a meteoric rally on Sunday evening. Currently, Avalanche is trading at $31.94, up 10.91% in the last 24 hours. The cryptocurrency extended its weekly gains to 17.03%, highlighting its sustained positive momentum.
A spectacular turnaround
Avalanche's meteoric growth propelled it to a market capitalization of $12,608,433,339, surpassing Tron's $11,835,009,812. This reversal is not trivial, as Avalanche could maintain this growth trend in the long term.
Token flips are common in the market, especially when there are uneven variations in certain essential metrics between the two tokens. Although Avalanche is currently in the spotlight, it remains one of the most reversed digital currencies among the top 20 assets by market capitalization.
In particular, Shiba Inu ($SHIB ) has a stronger history of reversals on Avalanche. The last of these reversals took place about a week ago. However, as is often the case, the coin itself was unable to maintain its ranking.
Avalanche appears poised to go further, with its trading volume surging 214% in 24 hours to $857,560,520. This proves that the feeling is high.
The best is yet to come for Avalanche
Avalanche is a high-performance piece whose best is yet to come. Its ecosystem is progressing rapidly, and the protocol strives to innovate to globally compete with its peers.
While Avalanche is actively working to resolve its issues, including downtime, some of its protocols, like Benqi, are attracting strong traction that could further strengthen its near-term growth prospects.
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