Crypto traders, in search of fast-growing projects, shape the ebb and flow of financial flows thancause high volatility.Last month, Shiba Inu was the favorite, showing 100-fold monthly growth. In November, Avalanche demonstrates excellent dynamics with an increase of 109% over the past 22 days - and this is with the general consolidation of the cryptocurrency market.
Image Source: Cryptocurrency ExchangeStormGain
The change in mood is clearly demonstrated by the daily turnover: a month ago, SHIB was among the top three, second only to Bitcoin and Ethereum (excluding stablecoins).
Image Source:coindesk.com
Now its place is taken by AVAX with a turnover of $ 3.7 billion and a capitalization of $ 29.7 billion, thanks to which the coin got into the TOP-10 of the main rating.
Image Source:coinmarketcap.com
Avalanche boasts high throughputwith the ability up to 10 thousand transactions per second and ultra-low commissions. Due to the division of tasks into different chains, the network does not experience heavy loads and is highly scalable. A little more than a year has passed since the launch of the mainnet, while $ 12.4 billion of funds have already been blocked in AVAX, which makes blockchain the fourth most popular in DeFi.
Image Source:cointelegraph.com
The practicality of the project was appreciated inone of the largest consulting companies - Deloitte. Last week it became known that they are working together on the platform for disaster relief Close As You Go. CAYG is a cloud-based solution that streamlines federal aid claims. Avalanche provides security, fast funding and transparency.
Shiba Inu is a meme cryptocurrency, andthe initial goal of the project was to overtake Dogecoin in terms of capitalization. The price of such coins is highly dependent on speculative interest: as a result, SHIB has almost halved this month. Avalanche is setting itself more ambitious goals in delivering high speeds to the world of finance without compromising decentralization and security. This contributes to the formation of long-term interest in AVAX, while SHIB is at risk of collapse even more.
Analytical group StormGain
(platform for trading, exchanging and storing cryptocurrency)
