Avalanche cryptocurrency entered the list of the largest coins on the market after reaching a new all-time high previously, Bloomberg reports.
Earlier, U.Today reported that the AVAX coin surpassed meme-based Shiba Inu cryptocurrency and took 11th place among the top coins sorted by market capitalization. As of now, the coin has entered the “elite” top 10 and moved famous meme-based Dogecoin back into 11th place.
The price spike on exchanges is tied to the announcement that the creator of Ava Labs made last week. The company is looking forward to partnering up with Deloitte to build efficient disaster relief platforms.