The Avalanche (AVAX) cryptocurrency is currently experiencing a significant increase in value despite the general downtrend in the crypto market. This impressive performance is attributed to the project’s solid technical fundamentals, scalability, and speed. Its unique consensus algorithm, combined with its sub-networks feature, makes it a highly attractive option for decentralized applications (dApps) developers, fuelling the bullish trend for AVAX.
Furthermore, the Avalanche Rush program, which incentivizes the use of the Avalanche network, has also drawn positive attention towards AVAX. The Rush program provides DeFi users with liquidity mining incentives, thus stimulating activity on the network. These factors, coupled with the strong institutional interest, have made Avalanche’s AVAX stand out in the currently bearish crypto market.
