🚀 #Avalanche Raises $250M Amid AVAX Rally


The Avalanche Foundation secured $250M through a private token sale led by Galaxy Digital and ParaFi Capital, boosting $AVAX by 9% to $52.80.


🌐 Key Developments:

*/ Avalanche9000 Upgrade: Launching on Dec 16, this upgrade slashes blockchain costs by 99.9% and enables interchain communication.

*/ DeFi Growth: Avalanche's TVL hits $1.65B, the highest in 2 years, as interest in DeFi rises.


📊 Outlook: RSI at 62 suggests more growth potential, with demand keeping trading volumes strong. However, $54 resistance remains a challenge.


Is AVAX gearing up for another breakout?

#Altcoin Season# #AVAX


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December 13, 2024 at 2:49 AM
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