The price of AVAX, the token of the Avalanche smart contracts platform, has doubled this week, reaching a recent high of $33.7 early Thursday morning. 

AVAX is posting the second largest gains among all cryptocurrencies listed on Messari over the past 24 hours – 43.7% as of 7:25 a.m. ET. But the token is still well off its all-time high of $60.35, reached in February. With a market cap of $5.38 billion, AVAX is currently the 27th largest cryptocurrency.

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Price of Avalanche's