Avalanche Surges 17%, Overtakes Tron

Avalanche Surges to Overtake Tron

Avalanche (AVAX) has just edged out Tron (TRX) in the rankings as the market experiences a sudden recovery that began on Sunday evening. At the time of writing, Avalanche is trading at $31.94, up by 10.91% in the past 24 hours. The digital currency has extended its weekly gains to 17.03%, highlighting its sustained positive momentum.

Uneven Flipping Game

The growth trends of Avalanche have pushed its market capitalization to $12,608,433,339, surpassing Tron’s $11,835,009,812. This flip is noteworthy, though its significance hinges on Avalanche’s ability to sustain this growth trend in the long term.

Token flipping is common in the market, especially when there is an uneven surge in vital metrics between two tokens. While Avalanche is currently in the spotlight, it is one of the most frequently flipped digital currencies in the top 20 assets by market capitalization.

• Shiba Inu (SHIB) has a notable record of flipping Avalanche.
• The latest flip, as recorded by U.Today, occurred about a week ago.
• However, the meme coin could not maintain its ranking.

Avalanche appears primed for further growth, with its trading volume skyrocketing by 214% in 24 hours to $857,560,520. This surge in trading volume indicates high market sentiment.

Best of Avalanche Yet to Come

Avalanche is a high-performing coin with its best days potentially still ahead. The Avalanche ecosystem is advancing rapidly, continually innovating to stay competitive with its peers.

While Avalanche is actively addressing its issues, such as downtime, some of its protocols, like Benqi, are gaining traction and could further boost its growth prospects in the near future.