Avalanche (AVAX) Surges 10% Overtaking Dogecoin, $50 Target in Sight

The price of Avalanche (AVAX) has surged 10% in the past day, surpassing Dogecoin to claim the ninth position. AVAX is now trading at $39.28 with a market cap of $14.43 billion. There is potential for AVAX to reach $50, but investors using leverage and low-margin balances should be cautious. On-chain data indicates a positive Funding Rate for AVAX.