believed Avalanche was not given enough credit before it increased 79% in one week.

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In the last week, AVAX has surged while other cryptocurrency tokens have taken serious hits. Analysts consider this unexpected performance is attributed to AVAX being relatively undervalued, while also recently announcing significant new partnerships. Establishing relationships with major banking firms like JPMorgan and Citi has made AVAX one of the few major cryptocurrencies showing resilience amidst the current decline in crypto values.

Avalanche, known as AVAX, seems to have dodged the crypto slump to chart an impressive 79% weekly gain against the declines observed across other major cryptocurrencies. Analysts point to the recent partnerships and a noted increase in trading volumes and total value locked as key factors. The way in which altcoins are valued also appears to be undergoing a transformation. As a result of these factors, while Bitcoin (BTC) and Ether (ETH) slid by 6% on December 11, AVAX registered a significant increase of 13.6% in the last 24 hours, according to CoinGecko data.

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