Here's Why Avalanche's Cryptocurrency Is Surging Today
Avalanche (CRYPTO: AVAX) is up big in today's trading despite bearish pressure impacting the broader cryptocurrency space. The token was up roughly 13% over the previous 24-hour period as of 4 p.m. ET.
Ava Labs CEO and Avalanche founder Emin Gun Sirer announced a new partnership with consulting and financial advisory firm Deloitte on Nov. 16 that will involve building disaster relief software platforms on the Avalanche blockchain. It was the latest sign that the blockchain network and its Avax token are seeing rapidly strong adoption and investment.
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Source Fool.com
