when

Foundation

Avalanche

Gains

<p>Improvements to the <a href="https://www.avax.network/" target="_blank" rel="noopener noreferrer nofollow">Avalanche Foundation’s</a> governance and options of communication have been substantial. The foundation’s goal in increasing the size of its Board of Directors is to strengthen its decision-making and strategic guidance by drawing on a wide range of industry experience.</p>
<p>In addition, the new twitter&nbsp;account is a major development in increasing openness and participation in the Avalanche community. In keeping with the foundation’s objective of encouraging innovation, cooperation, and long-term development across the Avalanche ecosystem, this new account&nbsp;will function as a central point for the dissemination of frequent updates, insights, and projects.</p>
<h3 class="wp-block-heading" id="h-impressive-double-digit-gains">Impressive Double-digit Gains</h3>
<p>The community witnessed&nbsp;fresh excitement and momentum as AVAX rebounds, breaking past the $54 barrier for the first time since May 2022. This unexpected upswing, after a period of muted trade, highlights the AVAX ecosystem’s innate resilience and promise.</p>
<p>Avalanche (AVAX) has surged to a new multi-year high, outpacing other altcoins with impressive double-digit gains. Clearing the December 2023 peak of $49, AVAX hit an intraday high of $57.30 today, marking a <a href="https://thenewscrypto.com/ava-labs-unveils-vryx-scaling-solution-for-avalanche-blockchain/" target="_blank" rel="noopener noreferrer nofollow">significant milestone</a> in its steady recovery since late December, when it rebounded from the $27 range.</p>
<p>However, according to the daily price chart, a potential 10% climb for AVAX is on the horizon, targeting $60, the level last seen in May 2022. In a highly bullish scenario, the token could even surpass this resistance level and aim for the $70 milestone. On the downside, if AVAX fails to maintain above $52, the key support lies at $49.96, with a break below $41.17 signaling a reversal of the bullish trend.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/OE8Yf-GLtXc6D0eGItAboJ3inrOxa-XIg6rPk_Sbp9MlXGJOrflvWimSFrx7qlgtRgIMhTihpfr6j_9grxMen52cqKQv6eao9FJzi9oTZOde2KKm40gulnxq563gtnFrTKlZiKZMAmGshvuEaOALLsk" alt="">
  <figcaption class="wp-element-caption">
   Avalanche (AVAX) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
  </figcaption>
 </figure>
</div>
<p>At the time of writing, Avalanche has climbed over 35.75% in the last 7 days, trading at $53.91 as per data from <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>. With a market cap now at $20.2 billion, <a href="https://thenewscrypto.com/avalanche-avax-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">AVAX’s bullish momentum</a> has been fueled by a surge of 240% in a year. However, the relative strength index (RSI) indicates that the altcoin is currently in the overbought condition.</p>

Avalanche Foundation Bolsters Governance, AVAX Surges to Multi-Year High

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TheNewsCrypto

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