Why is AVAX so high?

I've noticed that the price of AVAX has been skyrocketing recently. Could you explain why this particular cryptocurrency has attracted so much attention and why its value has increased so significantly? I'm curious about the factors that are driving its popularity and the potential for further growth. Is it a solid investment opportunity, or is it just a temporary bubble? I'd appreciate it if you could provide some insights into the underlying reasons for its high valuation.