🚀According to Crypto. News:

Avalanche is up 132% since last year, market cap surges to over $13b

Avalanche has been making headlines in the crypto community for the past three months as DeFi traders flock toward it. 

Avalanche’s platform has attracted developers and users due to its high throughput and scalability, as evidenced by record monthly active users (MAU) on its network. The Avalanche Foundation is responsible for monitoring the network.

In December, the Avalanche Foundation, overseeing the

Avalanche network’s development, revealed plans to acquire a set of meme coinsthrough its “Culture Catalyst” initiative. 

Via Twitter, the non-profit organization expressed its intention to build a collection of selected Avalanche-based meme coins, aiming to diversify its portfolio and explore a broader range of possibilities.

Avalanche is currently valued at $36.36, showcasing a more than 4.32% increase in the past seven days, per CoinGecko. Having a circulating supply of 370 million AVAX, the market cap has surged to over $13 billion. The support level is $31 while $48 is acting as a resistance level. 

The Relative Strength Index (RSI) value at 61 on the weekly timeframe signals a balanced market sentiment.