cAvalanche (AVAX) is finally gaining attention on the crypto market following a new shoutout from Dogecoin cofounder Billy Markus. The crypto X personalityrevealed a new ranking that placed Avalanche ahead of unnamed rivals in the Web3 ecosystem. It is worth noting that this comment comes as AVAX has been gaining new attention on the social scene in the past few months.

cAvalanche (AVAX) is finally gaining attention on the crypto market following a new shoutout from Dogecoin cofounder Billy Markus. The crypto X personalityrevealed a new ranking that placed Avalanche ahead of unnamed rivals in the Web3 ecosystem. It is worth noting that this comment comes as AVAX has been gaining new attention on the social scene in the past few months.

Avalanche ranked number 1 on crypto list

Avalanche ranked number 1 on crypto list

Billy Markus is known as a cryptic, fun crypto personality, whose conversations are rarely an endorsement beyond Bitcoin and Dogecoin. In the X post, he said, cryptically, that Avalanche leads five projects that are giving points for posting about them.

Billy Markus is known as a cryptic, fun crypto personality, whose conversations are rarely an endorsement beyond Bitcoin and Dogecoin. In the X post, he said, cryptically, that Avalanche leads five projects that are giving points for posting about them.

The Dogecoin founder, known as Shibetoshi Nakamoto, responded that he does not "know what the points do."

The Dogecoin founder, known as Shibetoshi Nakamoto, responded that he does not "know what the points do."

For the list of projects that fall in this group, Avalanche leads. The crypto ranking, however, pooled no known project in 2nd to 5th place.

For the list of projects that fall in this group, Avalanche leads. The crypto ranking, however, pooled no known project in 2nd to 5th place.

top 5 cryptos giving points for posting about the crypto and i don’t know what the points do but you can get points: 1) avax 🔺2-5) 🤷‍♂️

top 5 cryptos giving points for posting about the crypto and i don’t know what the points do but you can get points: 1) avax 🔺2-5) 🤷‍♂️

— Shibetoshi Nakamoto (@BillyM2k) October 20, 2025

— Shibetoshi Nakamoto (@BillyM2k) October 20, 2025

As a way to connect with the community, Avalanche has a reward scheme for engaging with content-promoting projects. This initiative has gained traction in recent times, with tokens like $BELLS and MANYU benefiting from it.

As a way to connect with the community, Avalanche has a reward scheme for engaging with content-promoting projects. This initiative has gained traction in recent times, with tokens like $BELLS and MANYU benefiting from it.

Avalanche was once a major crypto on the market, withAVAX whale transactions known to dominate the ecosystem. However, the competition in the industry grew bigger, with newer projects like Hyperliquid taking center stage.

Avalanche was once a major crypto on the market, withAVAX whale transactions known to dominate the ecosystem. However, the competition in the industry grew bigger, with newer projects like Hyperliquid taking center stage.

Despite the innovative technology that the Avalanche protocol brandishes, it needs a community-driven boost that is just playing out.

Despite the innovative technology that the Avalanche protocol brandishes, it needs a community-driven boost that is just playing out.

AVAX price and market revaluation

AVAX price and market revaluation

Since theAvalanche9000 protocol upgrade from earlier in the year, there has been a huge expectation for the AVAX price to break new highs. At press time, the layer-1 protocol was changing hands for $20.82, up 2.35% in the past 24 hours.

Since theAvalanche9000 protocol upgrade from earlier in the year, there has been a huge expectation for the AVAX price to break new highs. At press time, the layer-1 protocol was changing hands for $20.82, up 2.35% in the past 24 hours.

Over time, Avalanche has been displaced by other protocols, and it currently ranks as the 17th largest digital currency with a market cap of $8.891 billion. It is now below its major peers, including Solana and Cardano, in the top asset rankings.

Over time, Avalanche has been displaced by other protocols, and it currently ranks as the 17th largest digital currency with a market cap of $8.891 billion. It is now below its major peers, including Solana and Cardano, in the top asset rankings.

The Dogecoin cofounder’s shoutout lends credence to how Avalanche remains a major player in the ecosystem. In recognition of its uniqueness, Grayscale Investmentslaunched a trust for AVAX over a year ago.

The Dogecoin cofounder’s shoutout lends credence to how Avalanche remains a major player in the ecosystem. In recognition of its uniqueness, Grayscale Investmentslaunched a trust for AVAX over a year ago.

This move has increased the likelihood of the coin receiving approval for a spot exchange-traded fund (ETF) product as the market adjusts to the new U.S. SEC regime.

This move has increased the likelihood of the coin receiving approval for a spot exchange-traded fund (ETF) product as the market adjusts to the new U.S. SEC regime.

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