- A meme coin on the Avalanche community witnesses a spike in curiosity.
- The worth of AVAX surged regardless of a decline in exercise on the community.
The meme coin craze has taken the crypto world by storm, with the Solana [SOL] community benefiting from the renewed curiosity within the sector.
Avalanche [AVAX] has had its eyes set on the area for fairly a while and not too long ago confirmed some progress as nicely.
A surge in TECH
AVAX’s meme coin TECH gained huge reputation over the past 24 hours, as its value surged by 15%. This surge in value may very well be attributed, partly, to a tweet by Emin Gun Sirer, the CEO of Ava Labs.
At press time, TECH was buying and selling at $0.004802.


Supply: X
Nonetheless, this tweet wasn’t a one-off occasion. The Avalanche Basis has been actively making an attempt to assist meme coin creation, because it is part of their bigger imaginative and prescient for the Avalanche community.
Avalanche vs Solana
Despite the fact that Avalanche’s meme coin sector was beginning to regularly entice consideration within the crypto area, it was no match for Solana’s budding meme coin ecosystem.
One of many main indicators of the recognition of meme cash in an ecosystem is the DEX (Decentralized Trade) volumes on a given community.
AMBCrypto’s evaluation of Artemis’ information confirmed that DEX volumes on Solana had been a lot increased than that of Avalanche at press time.


Supply: Artemis
When it comes to exercise, there wasn’t a lot of an uptick noticed on the Avalanche community. The variety of each day lively customers on the Avalanche community remained stagnant at a median of 63,000 customers.
The variety of transactions occurring on the community additionally remained largely the identical.


Supply: Artemis
How a lot are 1,10,100 AVAXs price at the moment?
Taking a look at AVAX
Regardless of the sudden reputation of the meme coin on Avalanche, it was evident that the protocol would nonetheless want much more eyeballs to outperform its rivals.
At press time, AVAX was buying and selling at $47.04, and its value had surged by a large 7.16% within the final 24 hours. The quantity at which AVAX was buying and selling at had additionally elevated by 212.91% throughout this era.


Supply: Santiment