Crypto Currency Avalanche Surpassed Valuation of Dodge and Shiba amid Use Case Utility
A partnership between Avalanche and Deloitte supported valuation for the coin to reach record high
Avalanche cryptocurrency surged heavily for the past several days, securing its position to be the top 10 cryptocurrency in terms of market value surpassing Dodgecoin and Shiba Inu.
The coin reached a record $144.96 on Sunday later paring some gains trading at $135.75, according to Coingecko. It market value amounts to roughly $29 million as of Thailand time 14:15 hours.
Valuation of the coin is supported by a deal with partnership with Deloitte to build efficient disaster relief platform.
In the past one month the coin value doubled and up by 3,000% over a year. The Avalanche Foundation in September had raised $230 million from private sale of tokens.