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The avalanche token has gained 25% in a week, while other cryptocurrencies have tumbled, thanks to Ava Labs' tie-up with Deloitte
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markets.businessinsider.comNatchapol18
The cryptocurrency market has had a rough week. Almost $300 billion in total market value was wiped out in a matter of days after investors cashed in on recent record highs. But one coin in particular has bucked that trend.
Avalanche's avax token was up by over 20% in the week to Thursday, compared with losses of around 9% in bitcoin and 11% in direct rival ether, while the cardano and solana networks' tokens fell around 13%, according to CoinMarketcap.
The catalyst for avalanche was developer Ava Labs' partnership with «Big Four» accounting firm Deloitte, which chief executive Emin Gün Sirer unveiled on Wednesday on Twitter. Avax hit an all-time high of around $110 on the Binance exchange on Thursday.
"Ava Labs is thrilled to
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