Sunday for crypto trading is equal to observing the Sabbath. But that didn't stop cryptocurrencies Avalanche and Polkadot from <a href="https://www.cryptoknowmics.com/news/kusama-ksm-and-polkadot-dot-technical-analysis-bulls-are-rampant-targeting-all-time-highs/">scaling</a> to the top of the crypto market capitalization rankings.
<h2>Despite Low Global Trading Volumes, Avalanche And Polkadot Are Increasing </h2>
According to data aggregator <a href="https://nomics.com/" target="_blank" rel="nofollow noopener">Nomics</a>, Avalanche was the sixteenth largest cryptocurrency by market cap only yesterday. 

Today, it has increased six positions to the fifteenth, setting a new all-time high price of $61.44, or 23.89% higher than yesterday.

Avalanche, which launched in September of last year is <a href="https://www.avax.network/" target="_blank" rel="nofollow noopener">pitched </a>by developer Ava Labs as "blazingly fast, low cost, and eco-friendly." 

Avalanche, like Ethereum, is a smart contracts platform which means that developers may create a plethora of decentralized exchanges and non-custodial lending apps on the blockchain owing to its self-executing code.

According to Ava Labs, Avalanche can process 4,500 transactions per second, which is far more scalable than Bitcoin's 7 and Ethereum's 14.

Avalanche is also more environmentally friendly than Bitcoin and other proof-of-work consensus techniques that require a lot of energy to confirm transactions. 

Anyone who invests at least 2,000 AVAX ($122,880) can execute transactions and mine <a href="https://www.cryptoknowmics.com/news/avalanche-avax-and-terra-luna-technical-analysis-confidence-amid-weakness/">AVAX</a> under Avalanche's proof-of-stake architecture.

Polkadot has also risen from tenth to ninth position among the top cryptocurrencies by market capitalization. 

Polkadot increased 8.48% overnight to a new high of $33.52.
<h2>Bitcoin And Ethereum, The Market Leaders Are Currently Behind</h2>
Polkadot, like Avalanche, is a proof-of-stake cryptocurrency that allows blockchains to communicate with one another. 

Polkadot, unlike Avalanche, does not natively allow smart contracts on its primary relay chain but does support them on so-called parachains.

Bitcoin and Ethereum, the market leaders, are currently trailing. The world's most popular cryptocurrency is presently worth $46,215c, a 1% increase over yesterday's value. 

Meanwhile, Ethereum, the original smart contract blockchain's currency, is now valued at $3,437, up 3.21 percent from yesterday.

Avalanche And Polkadot Surge Despite Low Global Trading Volumes

Avalanche ($61.44) and Polkadot ($33.52) are increasing at the top of the crypto market capitalization rankings, setting an all-time high price.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Avalanche And Polkadot Surge Despite Low Global Trading Volumes

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