AVAX Surges 13% to Lead Top 100 Cryptos; $50 Target Imminent After 76% TVL Growth and 8,000 Airdrops

Avalanche's native cryptocurrency, AVAX, has seen a significant surge, increasing by 13% in the last 24 hours, making it the top gainer among the top 100 cryptocurrencies by market capitalization. Predictions suggest that AVAX could reach $50 imminently. The recent price movement has sparked comparisons to Solana's past performance, with analysts noting Avalanche's partnership with Amazon and a robust community of developers as contributing factors. Additionally, the Boost campaign launched by Avalanche has been credited with enhancing liquidity, resulting in a 76% increase in Total Value Locked (TVL) over the last five weeks. The campaign has attracted significant user engagement, with approximately 8,000 AVAX airdrops occurring over the weekend. Other projects within the Avalanche ecosystem, such as SteakHut and PharaohExchange, have also reported substantial TVL growth, indicating a thriving DeFi landscape on the platform.