Avalanche Price Rally: Here Is Why AVAX Surged After $1 Billion Treasury Announcement
- Avalanche surged over 8% in 24 hours following its $1 billion treasury plan.
- U.S. inflation cooling and possible rate cuts have boosted investor confidence.
- AVAX remains 80% below its all-time high, with future gains tied to treasury adoption and market momentum.
Avalanche (AVAX) has become one of the top-performing cryptocurrencies in recent weeks, gaining 8.6% in the last 24 hours and climbing more than 25% over the past month. According to CoinGecko, AVAX has outpaced much of the market, making it a standout in the top 100 digital assets by market cap.
The $1 Billion Treasury Plan
The latest spark came from a Financial Times report revealing Avalanche’s plan to raise $1 billion for two new treasury companies. The funds will reportedly be used to purchase AVAX at a discounted price, fueling optimism about demand and price stability. This move mirrors strategies used by larger players in the crypto space, where treasury backing has often been a catalyst for major rallies.
Macro Tailwinds Boost Investor Sentiment
The rally also aligns with cooling U.S. inflation data, which has strengthened expectations of an interest rate cut later this month. Lower rates typically push investors toward riskier assets, creating a favorable environment for cryptocurrencies. Bitcoin’s climb back above $114,000 has further lifted the broader market, adding fuel to Avalanche’s momentum.
Can AVAX Reach a New All-Time High?
Despite the recent rally, Avalanche is still trading nearly 80% below its all-time high of $144.96, set during the 2021 bull run. While corporate treasury activity has helped Bitcoin and Ethereum reclaim fresh highs this year, AVAX still lacks ETF inflows that have propelled its peers. Whether Avalanche can return to its peak depends on sustained demand, treasury execution, and continued bullish momentum in the broader crypto market.
The post Avalanche Price Rally: Here Is Why AVAX Surged After $1 Billion Treasury Announcement first appeared on BlockNews.
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Avalanche Price Rally: Here Is Why AVAX Surged After $1 Billion Treasury Announcement
- Avalanche surged over 8% in 24 hours following its $1 billion treasury plan.
- U.S. inflation cooling and possible rate cuts have boosted investor confidence.
- AVAX remains 80% below its all-time high, with future gains tied to treasury adoption and market momentum.
Avalanche (AVAX) has become one of the top-performing cryptocurrencies in recent weeks, gaining 8.6% in the last 24 hours and climbing more than 25% over the past month. According to CoinGecko, AVAX has outpaced much of the market, making it a standout in the top 100 digital assets by market cap.
The $1 Billion Treasury Plan
The latest spark came from a Financial Times report revealing Avalanche’s plan to raise $1 billion for two new treasury companies. The funds will reportedly be used to purchase AVAX at a discounted price, fueling optimism about demand and price stability. This move mirrors strategies used by larger players in the crypto space, where treasury backing has often been a catalyst for major rallies.
Macro Tailwinds Boost Investor Sentiment
The rally also aligns with cooling U.S. inflation data, which has strengthened expectations of an interest rate cut later this month. Lower rates typically push investors toward riskier assets, creating a favorable environment for cryptocurrencies. Bitcoin’s climb back above $114,000 has further lifted the broader market, adding fuel to Avalanche’s momentum.
Can AVAX Reach a New All-Time High?
Despite the recent rally, Avalanche is still trading nearly 80% below its all-time high of $144.96, set during the 2021 bull run. While corporate treasury activity has helped Bitcoin and Ethereum reclaim fresh highs this year, AVAX still lacks ETF inflows that have propelled its peers. Whether Avalanche can return to its peak depends on sustained demand, treasury execution, and continued bullish momentum in the broader crypto market.
The post Avalanche Price Rally: Here Is Why AVAX Surged After $1 Billion Treasury Announcement first appeared on BlockNews.
Read More