Avalanche AVAX has continued its recent surge, surpassing Shiba Inu (SHIB) to enter the top ten cryptocurrencies in terms of market cap. The asset has traded above $50 throughout Tuesday and is set at $55.46, up 12% today. Furthermore, AVAX is up 45.38% in the last seven days.
With Avalanche’s native token surpassing Shiba Inu in market cap, AVAX may look to tackle Dogecoin (DOGE) next. AVAX has been one of the best-performing cryptocurrencies throughout March, competing with the surging altcoin market. Now, it sits less than $3 billion in market cap behind the leading dog-themed meme-coin. However, the statistic swinging in AVAX’s favor is a surge in trading volume.
In the last 24 hours, Avalanche’s trading volume has outperformed SHIB, DOGE, and many other altcoins. The asset also outperformed price predictions over the weekend and doesn’t look to be slowing down. At press time, AVAX has a market cap of $20,895,954,337 that is continuously climbing.
Also Read: Ripple XRP Rises 298% in Volume as Price Surges Double Digits.
With this momentum, AVAX may soon surge past $60, perhaps within the next week. The previous resistance level for the asset lasted nearly 600 days. Bulls now predict the Avalanche Network’s namesake cryptocurrency can reach as high as $90. With Bitcoin pumping the entire crypto market, this prediction doesn’t seem improbable.
Over the coming days, it will be interesting to see if AVAX can surpass $60 and how soon that may happen. This event would paint a picture of just how well the asset can continue to surge during the next few weeks.
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