AVAX has rallied 40.4% withinside the final seven days and sits at $116.50 on the time of writing. The rally can be because of factors: the addition of USDC, which noticed it rally 10.5% on Tues, Dec. 14, 2021. USDC is a stablecoin issued through Circle, with the intention to be used at the Avalanche blockchain for instant and reasonably-priced remittances. Avalanche is the 7th blockchain to help USDC.
Avalanche has these days garnered institutional attention. Crypto custody organization Bitgo these days introduced that they might listing AVAX, ensuing in it attaining a -week excessive of $106.eleven on Dec. 16, 2021. BitGo presents institutional traders with liquidity, custody, and security. The rate dropped after that after which rose once more on Fri, Dec. 17, 2021, following an statement on Twitter that Avalanche might be partnering with Web 3.zero accelerator DeFi Alliance. Avalanche these days reached an all-time excessive of $144.96, in keeping with CoinGecko, on Nov. 23, 2021. Avalanche is like minded with Ethereum clever contracts.