Avalanche Gains Momentum As New Treasury Firm Eyes $1 Billion AVAX Purchase
Digital asset treasury firm Avalanche Treasury Co., a part of the Avalanche (AVAX) ecosystem with a special relationship with the Avalanche Foundation, today announced a partnership with the Mountain Lake Acquisition Corp. Avalanche Treasury Firm To Buy $1 Billion Worth Of AVAX According to an official announcement made earlier today, Avalanche Treasury Corp. is set […]
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The Avalanche Foundation, a non-profit organization that supports the Avalanche (AVAX) blockchain ecosystem, is reportedly seeking to raise $1 billion through a major fundraising campaign to create two AVAX treasuries. This initiative aligns with a broader trend in the cryptocurrency space, where various organizations and traditional finance firms are experimenting with crypto treasury models to […]
Avalanche rallied to a four-week high on Friday, as prices moved close to a key resistance level. The token hit a ceiling of $17.70 earlier in today’s session, which comes following several days of gains. Dogecoin also maintained recent sentiment, as prices climbed for a fourth straight day. Avalanche (AVAX) Avalanche (AVAX) rose to a one-month high on Friday, closing in on a key resistance level in the process. Following a low of $16.83 on Thursday, AVAX/USD made a move to a peak of $17.70 earlier in today’s session. This surge in price sees AVAX hit its highest point since September 27,....
The Avalanche Foundation is in advanced talks to set up two US digital asset treasury vehicles to raise roughly $1 billion that would purchase millions of AVAX directly from the foundation at a discount, according to the Financial Times. Avalanche Foundation’s $1 Billion Buy Plan One vehicle, led by Hivemind Capital, would seek up to $500 million via a Nasdaq-listed company with Anthony Scaramucci advising; a second, sponsored by Dragonfly Capital, would be a $500 million SPAC. People familiar said the deals could close within weeks; Hivemind confirmed it was working on a deal, while the....
The price of Avalanche (AVAX) slips at $30 against Tether (USDT) as Avalanche (AVAX) eyes key support to hold the price from selling off. AVAX showed great strength rallying to a high of $30 but was rejected as Bitcoin’s (BTC) price continued to go lower, affecting the price of AVAX from trending higher. (Data from Binance) Related Reading: Why Bitcoin Is Oversold As BTC Reclaims Territory North Of $20,000 Avalanche (AVAX) Price Analysis On The Weekly Chart According to the chart, the price of AVAX had a strong bullish bias at $30, but the price was rejected from that region,....
AVAX’s price shows strength as it bounces from a downtrend range price rallied to a high of $18 with eyes set on $20. AVAX could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $20. AVAX’s price remains strong on the daily timeframe as the price attempts to break above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Avalanche (AVAX) has had a difficult year as the price has remained in a downward trend, but the price of AVAX may be about to change as it broke out....