Crypto Gainers: Avalanche and Terra ($AVAX, $LUNA)
Over the past week, the total cryptocurrency market cap has increased by ~+1.8%… However, there are 2 top-20 coins vastly outperforming the market: Avalanche ($AVAX) and Terra ($LUNA).
What is Avalanche? ($AVAX)
Avalanche is a blockchain that boasts the fastest smart-contract platform in the industry, making it a direct competitor to other layer-1, smart-contract blockchains like Ethereum ($ETH), Cardano ($ADA), and Solana ($SOL)
Avalanche has been significantly outperforming the rest of the cryptocurrency market: up +53% in the past week.
Crypto-specific mentions of the Avalanche blockchain and its primary token, AVAX, have surged to a new ATH alongside the project’s market cap, up +141% QoQ on a 7-day moving average.