- Avalanche’s network has seen a surge in popularity for a meme coin.
- AVAX prices have risen despite lower activity on the AVAX network.
This meme coin has become a craze in the cryptocurrency world. Solana [SOL] Networks benefit from renewed interest.
Avalanche [AVAX] The company has been watching the market for some time now and is also showing some recent growth.
TECH
AVAX meme coin TECH has gained massive attention in the past 24 hours as its value increased by 15%. The price surge can be partly attributed to Emin Gun Sier’s tweet, CEO of Ava Labs.
At the time of publication, TECH traded at $0.004802.
The tweet in question was not an isolated event. As part of the Avalanche Network’s larger vision, The Avalanche Foundation actively supports meme coin creation.
Avalanche vs Solana
Solana’s developing meme coin ecosystem, despite Avalanche’s meme coins sector gaining some attention in the crypto world, was no match to Avalanche.
DEX volumes (Decentralized Exchanges), on a network, are one of many indicators that show the popularity meme coins have in an eco-system.
AMBCrypto analyzed Artemis data and found that the DEX volume on Solana was much higher at press-time than Avalanche.
Avalanche has not seen much in the way of activity. Avalanche users’ daily activity stayed at 63,000 on average.
The network’s transaction volume also remained relatively unchanged.
How Much Are 1,10,100 AVAXs worth today?
Avax: A Look at the Avax
The protocol was still in need of more attention to be able to compete with its competition, despite Avalanche’s sudden success.
AVAX’s price was $47.04 at the time of publication. It had risen by an incredible 7.16% over the past 24 hours. AVAX’s trading volume increased 212.91% over this period.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com