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While the larger cryptocurrency market is facing a correction, Avalanche (AVAX) seems to be defying the trend. According to CoinGecko, Avalanche (AVAX) has registered a 9.8% rally in the last 24 hours, a 17.5% rally in the last week, a 36.5% rally in the 14-day charts, and 33.5% over the previous month. AVAX’s rally is quite surprising, given that most other crypto assets are trading in the red zone today. Let’s discuss why AVAX is behaving differently. Source: CoinGecko What’s Behind Avalanche’s Anomalous Rally? Source: Securehindi Avalanche’s (AVAX) divergent upswing could be due to updates around Grayscale’s Avalanche Trust. According to reports, the project has submitted a filing to convert the trust into a spot ETF. Grayscale initially submitted its S1 filing in late August. The decision to convert the trust into a spot ETF may have boosted investor confidence. Avalanche (AVAX) also witnessed a breakout rally in mid-September after Bitwise applie...

Avalanche (AVAX) has seen a significant rise in investor activity, leading to a 32.8% rally in the weekly charts, nearly 34% in the 14-day charts, and 35.4% over the previous month. Moreover, AVAX’s price has risen by 238.7% since March 2023. Source: CoinGecko Also Read: Avalanche AVAX Surges To Top-10 in Market Cap, Surpasses SHIB The Avalanche Foundation has expanded its Board of Directors and launched a new X account. AVAX has also witnessed a surge in demand among high-net-worth individuals, further pushing its price. Can Avalanche (AVAX) hit $60 this weekend? Source: cryptopolitan According to Changelly, AVAX could surge to $60.61 on Mar. 16, 2024, Saturday, a rise of about 8.9% from current levels. Moreover, Changelly anticipates AVAX to continue rallying for the next few weeks, breaching the $100 mark by the end of the month. The platform anticipates AVAX to hit $101.63 on Mar. 31, 2024, a rise of about 88.62% from current levels. CoinCodex also pain...

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. Source: Pixabay 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 cont...