cryptoglobe.com
The native token of the smart contract platform Avalanche ($AVAX) has been surging so far this year, to the point it’s now the 11th most valuable cryptoasset by market capitalization after surpassing the meme-inspired cryptocurrency Shiba Inu ($SHIB).
According to a cryptocurrency analyst who called 2018’s bear market bottom, the price of the cryptocurrency may still have some room left to run as it still has “plenty of gas left in the tank.” The analyst shared a chart that implies $AVAX will surge to trade at $280.
On November 2 Grayscale Investments, a subsidiary of Digital Currency Group, announced it added $AVAX to its list of “assets under consideration,” meaning that in the future an AVAX investment product may be launched.
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