Over the past 24 hours, the altcoin Avalanche (AVAX) is up over 22% to $16.33.
At the same time, last Wednesday, the digital currency held slightly above $12, and its capitalization soared by almost 29% to $4.781 billion over the week.
Altcoin is on the 17th line in the ranking of the largest cryptocurrencies. At the time of publication of this review, AVAX was trading at $15.5, the highest level since November 8, 2022.
The coin hit bottom in early January around $10.76. The driver of her race was the partnership of the developer Ava Labs with the division of Amazon Web Services, which will use the power of the Avalanche ecosystem.
Blockchain creators will be able to deploy decentralized applications (DApps) within the Amazon infrastructure.
The Ava Labs team has become a user of all major Amazon Web Services tools through a two-way collaboration.
At the beginning of 2022, many analysts predicted AVAX to rise to $100 as this project developed rapidly. In February, the capitalization of Avalanche exceeded $19.184 billion, and in November 2021, the digital currency was at an all-time high ($134.2).