Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers
27 Setembro 2024 - 5:00PM
NEWSBTC
As the market continues its bullish climb, Avalanche (AVAX) keeps
on garnering investor interest as new developments drive growth on
the platform. These developments have since placed AVAX on the
crosshairs of the bulls leading to a 25% surge in price in the last
two weeks, reinforcing the token’s position as a long-term
asset. Related Reading: Worldcoin Soars 31%: Will Network
Upgrades Push WLD Price Higher? Avalanche’s focus on on-chain
growth is made apparent by a recent announcement that will cement
the platform’s position in the DeFi space. As time lets these
developments mature, investors and traders holding AVAX might be in
for a treat. $40 Million Allotted For Retro9000 To Encourage L1
Growth In an official X post, Avalanche reveals its new grants
program named Retro9000. The program will reward developers who
build projects on the Avalanche9000 testnet and deploy the finished
product on the mainnet. This move comes as a way to “empower
developers” on the platform, ensuring that development on Avalanche
won’t cease. Retro9000: Up to $40m in retroactive grants for
Avalanche L1s 🔺 This new grant program aims to reward developers
who contribute to the testnet and launch their project on mainnet,
empowering developers to do what they do best–innovate and build.
More on Retro9000 👇 pic.twitter.com/qNXzosMV14 — Avalanche 🔺
(@avax) September 26, 2024 “While the current blockchain landscape
offers countless opportunities, it comes with technical roadblocks,
creating economic and logistical limitations that make building and
deploying projects challenging,” stated Avalanche in a recent blog
post. The program works by ranking submissions in a public
leaderboard, allowing developers to build publicly, and allowing a
community to form around their projects. However, the main focal
point for the rewards system is the developers that test and ship
their finished projects on the mainnet, further enhancing on-chain
growth on the platform. Retro9000 is mainly concerned on the
upcoming Avalanche9000 network upgrade. The program allows
developers of all sizes to keep try the new developer environment
whilst keeping the economic barrier low through funding using the
$40 million allotted for the program. The cryptocurrency
wallet and portfolio protocol, Core, said it would support its
upcoming network upgrade, Avalanche9000, which will feature the
Interchain Messaging Protocol (ICM). It promises much easier
crosschain communication, thereby improving the user experience on
this platform. Testnet builders, as you’re building out your L1 or
L1 tooling on testnet, keep in mind that Core is helping cut your
dev time by optimizing for the ability to move assets between
chains and providing easy access to testnet support. Read more
about Core’s support of the ICM… — Core 🔺 | Crypto Wallet &
Portfolio (@coreapp) September 26, 2024 Avalanche: Investors Aim To
Break Through $30.11 – Is This Possible? With solid on-chain
development occurring on Avalanche, AVAX bulls have set their eyes
on the $30.11 resistance level which will open the door for a
return on the $33.08 price level. If this occurs, investors and
traders are in with huge gains in the medium to long-term.
Although the market environment is inherently bullish, the relative
strength index (RSI) of the token remains strained by the
near-constant upward trajectory that AVAX has followed in the past
two weeks, possibly putting AVAX’s short term gains at risk.
Related Reading: Stacks: New Network Upgrades Push STX Price Up By
18% – Details If the token does get rejected by the $30.11
resistance, the bulls can rely on AVAX’s present support level at
$26.79 for long-term movement. Featured image from Medium,
chart from TradingView
Avalanche (COIN:AVAXUSD)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Avalanche (COIN:AVAXUSD)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024