Avalanche crypto continued its recovery on Tuesday, gaining 3.6% to trade near $11.53. That left $AVAX within touching distance of $12, a level buyers have struggled to climb over.
The climb came as the report shows a strong growth in tokenized U.S. Treasuries using avalanche blockchain. However, $AVAX still needs to breach the price ceiling before considering the $13 price level as a near-term target.
Tokenized Treasuries on Avalanche quadruple
In a 6 October post, Avalanche said there were some $545 million in tokenized U.S. Treasuries on its network.
