Avalanche has managed to double its price since the beginning of November. The market value of AVAX, which managed to surpass Dogecoin (DOGE), the most popular cryptocurrency of social media, and became one of the top 10 cryptocurrencies, reached $ 30.60 billion.
The current market cap of Elon Musk's favorite cryptocurrency, Dogecoin, stands at $30.30 billion.
The cryptocurrency market has been fighting a serious price correction since November 10. The leading cryptocurrency Bitcoin (BTC) lost 20% from its all-time high at $69,000, while Ethereum (ETH), the market's second largest cryptocurrency, also lost 19%.
Similar declines are seen in the rest of the cryptocurrency market. Avalanche, on the other hand, managed to increase its price in this process. AVAX price increased by approximately 65%.
AVAX has experienced a 25% price increase in the last two days, reaching the current level of $141.50.