u.today
Avalanche (AVAX) has just edged out Tron (TRX) in the ranking as the market lights up after a sudden recovery came on Sunday evening. At the time of writing, Avalanche is changing hands for $31.94, up by 10.91% in the past 24 hours. The digital currency has extended its weekly gains to 17.03% to underscore its sustained positive twist.
Uneven flipping game
The growth trends of Avalanche have pushed it to hit a market capitalization of $12,608,433,339. This has pushed it above Tron’s $11,835,009,812. This flip is nothing special, except Avalanche can sustain the growth trend in the long term.
Token flipping is common on the market, especially if there is an uneven surge in some vital metrics between the two tokens. While Avalanche is in the spotlight at the moment, it is one of the most flipped digital currencies in the top 20 assets by market capitalization.
Specifically, Shiba Inu (SHIB) has a more definitive record of flipping Avalanche on the market. The latest of this flipping, as recorded by U.Today came about a week ago. However, as is common, the meme coin could not keep up with the ranking.
Avalanche is looking primed to go further as it stands, considering its trading volume has skyrocketed by 214% in 24 hours, to $857,560,520. This is proof that the sentiment is high.
Best of Avalanche yet to come
Avalanche is a high-performing coin whose best is yet to come. Notably, the Avalanche ecosystem is advancing at a fast pace. The protocol is doing all it can to innovate, in a bid to compete with its peers overall.
While Avalanche is actively working to right its wrongs, including downtime issues, some of its protocols, like Benqi, are attracting good traction that might further boost its growth prospects in the near future.