{"id":26534,"date":"2023-12-12T21:15:50","date_gmt":"2023-12-12T21:15:50","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/avalanche-avax-posts-triple-digit-monthly-gain-as-tvl-surge-points-to-user-growth\/"},"modified":"2023-12-12T21:15:52","modified_gmt":"2023-12-12T21:15:52","slug":"avalanche-avax-posts-triple-digit-monthly-gain-as-tvl-surge-points-to-user-growth","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/avalanche-avax-posts-triple-digit-monthly-gain-as-tvl-surge-points-to-user-growth\/","title":{"rendered":"Avalanche (AVAX) posts triple-digit monthly gain as TVL surge points to user growth"},"content":{"rendered":"
AVAX, the native token of the Avalanche ecosystem has surprised the market, posting double-digit gains amid a drawback in the wider crypto space. AVAX token smashed through the $40 barrier on Dec.12 to reach an intra-day high of $43. At the time of publication, the layer 1 token trades at $38, up 12% over the last 24 hours and 123% over the last 30 days.<\/p>\n
The latest rally has seen Avalanche\u2019s total market value grow more from $3.25 billion when the recovery started in mid-October to the current value of $14.35 billion. This represents an increase of over $341% in just two months. <\/p>\n
This is $1.06 billion more than Dogecoin\u2019s $13.29 billion, flipping it to secure the ninth position on the CoinMarketCap ranking. <\/p>\n