Avalanche ousts Dogecoin from the top 10

Avalanche (AVAX) reached # 10 by market capitalization, overtaking both Dogecoin and Shiba Inu in the past 24 hours. The so-called Ethereum killer is not the only competitor of the second largest cryptocurrency. There are five other Layer 1 tokens that compete directly with Ether. You can buy AVAX here now.

What is AVAX?

Avalanche acts as a platform for decentralized applications and custom blockchain networks. It aims to displace Ethereum through higher transaction performance - up to 6,500 transactions per second - but not at the expense of scalability. Avalanche's unique architecture makes this possible.

Backers of the token launched a fund called Blizzard earlier this month, which raised an impressive $ 220 million in seed capital from participants including CMS Holdings, Three Arrows Capital and Dragonfly Capital.

Should I Buy AVAX Today?

Since Emin Gün Sirer, CEO of Ava Labs, announced a collaboration with the auditing firm “Big Four” Deloitte on November 16, AVAX has been on the upswing. In addition, the top stablecoin Tether announced support for the Avalanche blockchain on Wednesday last week. His future looks bright.

AVAX price forecast

According to Wallet Investor, a long-term price increase is expected for AVAX. The forecast price for 2026 is $ 333 per 1 AVAX. If you invest $ 100 in AVAX now, your investment could increase 147% in 5 years.

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