Ethereum Rival Surpasses Shiba Inu and Dogecoin to Become 10th Largest Crypto Asset by Market Cap

Ethereum Rival Surpasses Shiba Inu and Dogecoin to Become 10th Largest Crypto Asset by Market Cap


An Ethereum competitor has surged past Shiba Inu (SHIB) and Dogecoin (DOGE) in market cap and is now the 10th largest crypto asset in existence.

Following a massive seven-day rally, Avalanche (AVAX) has attained a market cap of $30.03 billion, closely followed by DOGE’s $29.6 billion. SHIB is now behind DOGE with a market cap of $24.8 billion. 

The rise of AVAX follows news that Ava Labs, the company behind the smart contract platform, entered a strategic partnership with Big Four accounting firm Deloitte, which provides accounting services for the majority of Fortune 500 companies.

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The deal enables Deloitte to use the Avalanche blockchain in its new disaster recovery platform Close As You Go (CAYG), which was built to streamline the reimbursement processes for victims

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