Avalanche (AVAX) has emerged as the top-performing cryptocurrency this week, with a remarkable 60% increase in value over the past seven days. This surge has propelled AVAX to a price of $36, securing its position among the top 10 digital assets in terms of market capitalization.

The upward trend in AVAX prices has resulted in significant gains for many holders, with more than half of them now in profit. Recent data from IntoTheBlock indicates that around 70% of AVAX holders have experienced financial success.

One of the key factors driving Avalanche’s rise is its focus on two promising crypto narratives: gaming and real-world assets (RWAs). The platform’s strategic concentration on these areas has attracted attention and contributed to its steady climb.

Furthermore, the tokenization of RWAs on Avalanche has been a major catalyst for its growth. Unit Network, a crypto analyst, predicts that $3 trillion worth of RWAs will be tokenized on Avalanche in the next five years, and major banks such as Bank of America, Citi, and JP Morgan are already embracing the platform to create RWA solutions.

In terms of trading volume, Avalanche has consistently maintained a volume above $1 billion, indicating a strong and steady movement. Technical analysis suggests that there is more buying than selling pressure in the market, with the coin’s MACD showing a notable increase in the histogram.

Overall, Avalanche’s outstanding performance, driven by its focus on gaming and RWAs, has attracted significant trade volume and propelled the altcoin past its previous resistance levels. With its continued growth and support from major banks, Avalanche is poised for further success in the days to come.