Although the cryptocurrency market has been experiencing some of the most severe corrections since 2021, one crypto, (AVAX) stands out. It set an all-time record and is now the largest in its history.

New All-Time High at Avalanche, (AVAX).

Avalanche (AVAX), a crypto-currency that is bucking the bearish trend has seen it gain more than 87% over the past 30 days.

Avalanche’s 30-day price chart (AVAX) Source: Tradingview

Avalanche gained more than 33% over the past week. This makes AVAX third among the 50 top cryptocurrencies, according to market capital.

Avalanche (AVAX) seven-day price chart Source: Tradingview

Avalanche reached a landmark $110.31 record on November 18th, thanks to a massive 30-day push. The ATH came just hours after the smart-contracts platform announced a partnership deal with ‘big four’ accounting firm, Deloitte.

To The Flipside

• Avalanche, despite being one of top DeFi platforms has suffered two serious hacks. The $35 million Vee Finance hack.

What is Avalanche doing now?

It is not uncommon to reverse after hitting an ATR, particularly in bearish markets like the one that AVAX faces. However, AVAX continues to exhibit strong bullish momentum.

AVAX’s gains of more than 7% over the last 24 hour have led to a trading price of $109.410 at this point. That is less than 1% below its ATH of November 8th.

Avalanche (AVAX) price chart 24 hours a day Source: Tradingview

Avalanche, (AVAX), a cryptocurrency that was launched only in 2020, has a market capization of $24.11 million. It overtook (LUNA to be the 12th biggest crypto and fifth-biggest rival.

What are the reasons to care?

Avalanche’s soaring price confirms that the crypto industry has grown past the period in which Bitcoin’s performance would set the trend for the entire market.

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