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Move over dogecoin: avalanche's 100% rally this month means it's competing with the original meme crypto to become the tenth biggest coin by market value
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Avalanche's avax token is putting on a stellar performance this month, fueled by development deals and general optimism around the network's decentralized finance potential and it's now vying with dogecoin to become one of the top 10 most valuable cryptocurrencies.
Avax has gained over 100% so far in November, bringing its total market capitalization to around $29.8 billion, while dogecoin, which has lost over 11% this month, has a market cap of around $29.5 billion, according to Coinmarketcap.
Avalanche launched avax last year as part of its mission to expand the blockchain's DeFi capabilities, including smart contracts and other applications, rivalling the bigger ethereum
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