Crypto space is unfathomable as it is difficult to find the pace of its erratic volatility. Whilst broader crypto space is under correction with a steep drop to $2.17 trillion with a 2.34% drop round the clock. However, the majority of the altcoins on the other hand are undergoing correction. Avalanche prices are flourishing early prior to the alt season.
Avalanche Transactions At ATH!
Avalanche ecosystem has slowly and steadily dethroned prime altcoins such as Polkadot (DOT), Terra (LUNA), and more to enter the top 10. However, with a recent surge in its price action, the AVAX network has recorded history in terms of transaction count.
One of the proponents of the AVAX ecosystem has recently confirmed a number of transactions reaching its ATH. The graph shared highlights a steady and gradual rise in transaction volume since the start of 2021. However, the number of transactions has never seen a downward trend and instead kept on hunting for a new ATH. The same goes in terms of its price action; it has not undergone a heavy correction.
Will AVAX Enter Top 5?
Avalanche has been putting substantial efforts to enter the top 5. These upcoming upgrades and breakthroughs throughout the year would further uplift its price action by dethroning dominant altcoins such as Solana, XRP, and Cardano.
- Avalanche is partnering with the DeFi alliance in order to bestow its Web 3 gaming accelerator upgrades to the AVAX community.
- Avalanche team fixes transactions well under a second enabling a high-performance experience to applications users.
- Interestingly, the ecosystem has quickly surpassed $200 million TVL on Friday, however, its application ecosystem has risen by 5650%.
- In November 2021, the AVAX ecosystem had only 650k monthly active wallets on the C-chain. Enthrallingly, the platform has crossed over 537k monthly wallets son the C-chain in just the first 15 days of December.
- Notably, the Avalanche ecosystem holds solid DeFi and Web 3 gaming applications built on it.
Collectively, the AVAX price has maximum chances to double in prices and clinch higher prices in the near future. At present, the price is trading near ATH at $110 with a 10% upsurge round the clock. However, as on-chain metrics are bullish, the asset could seek new highs if it flips the current resistance. As a whole Avalanche is an emerging ecosystem and deserves the place under the top 5!