Rival Ethereum hits record large right after announcing partnership with Big Four accounting company

The cost of Ethereum (ETH) competitor Avalanche (AVAX) hit an all-time large right after Big Four accounting company Deloitte signed a partnership agreement with Ava Labs, the technologies corporation behind the good contracts platform. vibrant.

Deloitte offers audit, advisory, tax and advisory companies to 90% of the Fortune 500. The corporation is partnering with Ava Labs to leverage the Avalanche blockchain in its new catastrophe recovery platform, Close As You Go (CAYG). ), developed to simplify compensation for victims of pure disasters.

“Using the Avalanche blockchain, CAYG’s cloud-based platform provides state and local officials with a decentralized, transparent, and cost-effective system to empower both providers and consumers. receive funding while minimizing fraud, waste, and abuse.”

Following Avalanche’s announcement of the partnership on Tuesday, the cost of AVAX spiked to $107.99, marking a new all-time large for the crypto asset. At the time of creating, the coin is trading at $98.94.

The Avalanche blockchain, like Ethereum, makes it possible for developers to develop personalized monetary, decentralized platforms (DApps) and blockchains.

Earlier this week, the native token of BENQI (QI), a lending and lending protocol developed on Avalanche, also surged 60%, from just $.17 to $.26, right after the exchange Binance cryptocurrency all of a sudden listed. At the time of creating, QI is trading at $.17.

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Featured photograph: Shutterstock / klyaksun / Vladimir Sazonov / Monographic