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Avalanche (AVAX) Slips 6% as Market Recovery Stalls

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$AVAX is no longer among the top 10 biggest cryptocurrencies

, the native token of the smart contract platform of the same name, has shed 7.81% % over the last 24 hours, according to data provided by CoinMarketCap.

It has now exited the top 10 cryptocurrencies by market capitalization, slipping below Binance USD , a stablecoin with a market cap of $18.1 billion. AVAX is down 9.61% over the past week, performing in line with other “Ethereum killers.” Solana and Cardano are down 8.63% and 11.30% over the past week.

Rival Terra is still up 39.06% over the past week despite shedding more than 4% over the past 24 hours.There are now three stablecoins within the top 10. Tether and USD Coin remain the two biggest dollar-pegged cryptocurrencies. They are currently valued at $79.6 billion and $53.3 billion. TerraUSD is the biggest decentralized algorithmic stablecoin, whose market cap currently stands at $12.8 billion.

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