Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend

Posted on by American Coins & Gold

Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
Smart-contracts platform Avalanche’s AVAX token hit a new all-time high Wednesday and is up 20% on the week, even as bitcoin, the world’s largest cryptocurrency, has suffered a pullback.Avalanche is an Ethereum competitor that facilitates decentralized applications (dApps) and the creation of custom blockchains on its ecosystem. Launched by Ava Labs in 2020, Avalanche’s native AVAX token has a capped supply of 720 million and is used as part of the consensus mechanism and for paying network fees.AVAX has soared in price recently, trading at $104.21, up 85% in the last month alone. The gains pushed the token’s market capitalization…