Hassan Maishera
TL;DR
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AVAX has become one of the top 10 cryptocurrencies by market cap after surpassing MATIC, TRX, and LINK.
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BTC continues to trade above the $43k level following its rally earlier this week.
AVAX’s Total Crypto Market Cap Approaches $10 Billion
AVAX, the native coin of the Avalanche ecosystem, has been performing excellently in recent weeks. The coin has added more than 20% to its value over the last seven days and is currently trading at $26.92 per coin.
Its rally has allowed it to surpass other leading cryptocurrencies and join the top 10 club. AVAX recently flipped MATIC, LINK and TRX to clinch the tenth spot in the cryptocurrency space in terms of total market cap.
Year-to-date, AVAX has also performed excellently. The coin is up 150% since the start of the year, almost all of it over the past month.
Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the past few hours. It has lost 1.5% of its value and could drop below the $43k level if the market correction persists. The total cryptocurrency market cap continues to stay at $1.6 trillion as the market has stagnated in recent days.
