Avalanche (AVAX) rose 8.35% over the past 24 hours to trade at $10.35 on October 16, 2026. The move extended a broader recovery that has seen the token gain 42.61% over the past 30 days, making it one of the more notable performers in the cryptocurrency market over that period.
Despite the strong monthly and daily momentum, AVAX's seven-day change remained modest at 0.32%, suggesting the bulk of the recent gains were concentrated outside the immediate weekly window. The contrast between the subdued weekly figure and the sharp daily move indicates the token experienced uneven price action across the period.
Avalanche's market capitalization stood at $4.46 billion as of the reporting date, reflecting the cumulative effect of the month-long price appreciation. The figure places AVAX among the larger assets in the digital-asset space by that measure.
The 30-day gain of 42.61% represents a significant shift in AVAX's valuation relative to where the token traded a month prior. Whether that momentum is sustained will be reflected in subsequent trading sessions.
