Avalanche is known for being in the top ten blockchains on coinmarketcap, usually fluctuating in the 8th and 9th positions. It gained a good rhythm in 2023, whose aftereffects are visible in 2024 as well. Avalanche has seen a 22% weekly increase and is expected to reach the $71 mark by the last quarter of this year. So, is Avalanche worth the hype? Let’s get into it.
Avalanche Marked Remarkable Deals During 2023
Based on the statistics, the Avalanche price is on a bull run regardless of the market situation. Even in the past week, Avalanche has hiked by 19.60%, where the price soared from up to $42, highlighting the stable growth. This stability will be maintained, as many analytics (including Chainlink) have predicted that the number will rise to $50 soon.
These continuous gains are related to their recent partnerships with companies like JP Morgan, Citi, etc. Another reason is because of the way altcoins are valued these days. Before discussing the value and characteristics of Aval
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