After Deloitte cooperation: Ethereum competitor Avalanche reaches new all-time high

Deloitte is one of the four largest consulting firms in the world. It provides auditing, tax and business consulting and counts 90 percent of the Fortune 500 companies among its customers. Deloitte is now working with Avalanche developer Ava Labs to use the Avalanche blockchain in the new “Close As You Go” (CAYG) disaster relief platform, which aims to simplify financial aid for victims of natural disasters.

"By using the Avalanche blockchain, CAYG's cloud-based platform provides state and local authorities with a decentralized, transparent and cost-effective system that helps both grantors and grant recipients while minimizing fraud, waste and abuse."

Following the announcement of the partnership, AVAX's price soared to $ 107.99, marking a first new all-time high for the crypto value. On Friday, AVAX was able to increase again and improve to the value of 110.90 dollars. At the time of this writing, Avalanche is hovering between $ 109 and $ 110.

Avalanche increases by several 1,000 percent

Avalanche, which, like Ethereum, enables decentralized financial platforms and other smart contract-based solutions, can look back on an extremely successful year. As of December 31, 2020, AVAX was $ 2.79.

At the beginning of this week, Qi, the native token of Benqi, a loan protocol based on Avalanche, also rose by 60 percent from $ 0.17 to $ 0.26 after an unexpectedly quick listing on the Binance crypto exchange. At the time of this writing, however, Qi is trading at $ 0.17 again.

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