The Avalanche (CRYPTO: AVAX) cryptocurrency is a promising part of the crypto market. The smart contracts platform has enjoyed a surge in app development recently, lifting the digital token's value to levels not seen since the spring of 2022. In fact, Avalanche's price has more than quintupled from the multi-year lows seen in September and October.

Today, you can pick up Avalanche tokens for roughly $46 per digital coin. Is the rocket ride running out of fuel, or is this the perfect time to invest in Avalanche in the middle of a moonshot?

Let's find out.

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Source Fool.com