Altcoin capitalization increased to $ 23.3 billion, it almost doubled in a month
The price of the Avalanche token exceeded $ 110 for the first time in history. During the day, the altcoin has risen in price by 11%. Monthly growth was 92%. Cryptocurrency capitalization has increased to $ 23.3 billion, according to CoinGecko. The asset took the 12th position in the list of the largest cryptocurrencies in terms of capitalization.
The value of the Avalanche token began to skyrocket after one of the largest accounting companies, Deloitte, announced a partnership with altcoin developer Ava Labs on November 16. Deloitte will use the Avalanche blockchain to process claims for damages in the event of natural disasters, which will be forwarded to the US Federal Emergency Management Agency. After the announcement of the partnership between Deloitte and Ava Labs, altcoin has risen in price by 25%.
Avalanche is an open source platform for running decentralized applications (dApps) and enterprise blockchain deployment.