AVAX, the native cryptocurrency of the Layer One blockchain network Avalanche, is making solid moves with a staggering 17% gains and entering the top ten crypto list while leaving behind the likes of Tron (TRX) and Chainlink (LINK). If the Avalanche price momentum sustains this time, it can break past $30.
Avalanche (AVAX) Price Rally
At press time, Avalanche (AVAX) is trading 16.91% up at a price of $26.65 with a market cap of $9.7 billion. With its current move, AVAX has extended its monthly gains to more than 110% with the 24-hour trading volume shooting by 52% to $1.1 billion.
the Avalanche network has witnessed a noteworthy uptick in network activity, indicating potential implications for the value of AVAX. This surge aligns with a pattern seen in the Polygon network, and the introduction of Ordinals to Avalanche emerges as a significant factor driving this trend.
The adoption of Ordinals has played a pivotal role, notably contributing to a substantial increase in transaction volu
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