Avalanche (AVAX) Price Jumps As Avalanche (AVAX) Network Partners With Institutional Players
If you’ve been following the digital currency market, you’ve likely already heard that Avalanche (AVAX) price is up 5% in the previous day, reaching $22.46 at 1:20 AM EST. In reality, the token has doubled its price in November, surging from the monthly low of $11.44. This spike comes following a breakout from a sliding wedge pattern, providing 130% gains for traders who purchased Avalanche (AVAX) during the $8.61 dip.
As a result to a series of positive announcements in the Avalanche (AVAX) ecological system, the price surge is likewise linked to gaming and non-fungible tokens (NFTs). There have been collaborations with major institutions that have accelerated the movement of the Avalanche (AVAX) network. For example,
JPMorgan Chase & Co Partnership with Avalanche
A notable partnership is the collaboration between investment banking giant, JP Morgan, and the Avalanche (AVAX) blockchain. This partnership concentrates on the introduction of a proof-of-concept to use the Avalanche (AVAX) blockchain. JPMorgan Chase & Co teaming up with Avalanche (AVAX) bodes well for future of the both private and permissioned blockchains being interoperable with public blockchains.
Avalanche (AVAX) and Citi Partnership
Another example of Avalanche’s successful partnerships is with renowned worldwide bank, Citi. They have adopted Avalanche’s managed blockchain service, AvaCloud, in an effort to support rapid development, deployment, and scalability of customized decentralized networks for numerous applications. Citi is utilizing the technology to develop an innovative blockchain-based app for pricing and executing bilateral spot foreign exchange trades.
Republic’s Collaboration with Avalanche
Similarly, technology company Republic has joined forces with Avalanche (AVAX) to launch a digital asset was known Republic Note (R/Note). This collaboration intends to democratize investing in the private market and offers investors access to private equity portfolios of 750 Million. Republic Note will use Avalanche’s strengths, including scalability and fast transactions.
Avalanche (AVAX) Price Prognosis
The Avalanche (AVAX) price is expected continuation climbing after breaking the sliding wedge pattern and signaling a positive trend momentum. Increased buying pressure over current levels could lead to a break past the lower boundary of the supply barrier. An even more positive trend scenario could see the price climb as high as 77% over current levels.
Nonetheless, investors should be wary of a possible pullback as Avalanche (AVAX) is as of now overbought. On the other hand, for those with long positions, there may still be probable for further gains as indicators show a positive market. On the other hand, it’s critical to acknowledge the likelihood of a downward trend if profit-booking occurs, leading to a fall in price and a shift in market dynamics.
Promising Alternative to Avalanche: TG.Casino
Looking for another investment opportunity? TG.Casino is a promising option. This casino project advertises as the world’s leading Telegram casino, offering community members an exclusive space for online, anonymous cryptocurrency gambling. Recent approval of their know-your-customer (KYC) process and a substantial increase in presale collections solidify TG.Casino as a whole lot of player in the cryptocurrency market.
The TG.Casino project is gaining substantial market attention, reflected by a high amount of presale funding and the popularity of their TGC token. This provides a compelling investment opportunity for those interested in the present trends in the digital currency market.
Hot Take
Considering Avalanche’s recent partnerships with major institutions and the positive trend momentum in the cryptocurrency market, this may be a prime opportunity for investors. The Avalanche (AVAX) price surge and its diverse use cases indicate a strong probable for growth in the near future. In addition, the increasing popularity and success of alternative projects such as TG.Casino further demonstrate the evolving landscape of the digital currency market. It’s worth keeping a close eye on these developments and considering opportunities for investment in both Avalanche (AVAX) and alternative projects.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
