Contrary to its name, Avalanche has been red-hot this year. At the start of 2021, AVAX was trading at just north of $ 3; by late November, it hit an all-time high exceeding $ 146, good enough to surpass Dogecoin and become one of the world’s 10 largest cryptocurrencies. It now trades at more than $ 116, with a market cap exceeding $ 26 billion.

AVAX is the native token of the Avalanche blockchain, one of Ethereum’s emerging rivals in the realm of smart contracts. Spurring AVAX’s autumn rally was a new partnership with Deloitte that will see the consulting giant deploy Avalanche to support its work with the Federal Emergency Management Agency (FEMA). With the Deloitte deal giving Avalanche an enviable dose of credibility, 2022 could see the blockchain and its token leverage that foothold to reach new heights.

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