Avalanche
Avalanche Rallies Nearly 48% but Faces Steep Climb Back to Record Levels
A monthly surge has brought Avalanche to $11, though the token still sits more than 92% below its previous record high.
Avalanche advanced 47.6% over the past 30 days to trade at $11, according to an analysis by 24/7 Wall St., buoyed by interest in its blockchain network and real-world asset tokenization initiatives.
Despite leading several major peers in monthly gains, the token remains down 92.4% from its all-time high of $145. Reaching its prior peak would require a 13.2-fold increase from current prices.
The report notes that while the recent rally reduced the necessary recovery multiple from nearly 19.5 times, Avalanche still faces the largest percentage climb among the reviewed assets to fully erase its historical drawdown.
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