Avalanche

Avalanche

Avalanche Eyes $50.00 Mark with Key Durango Upgrade Looming

  • Avalanche (AVAX) is experiencing a bullish momentum, potentially aiming for a price target of R957 ($50.00), following a strong market correction since December 24, attracting attention from South African investors.
  • The network is preparing for the Durango upgrade, set for February 13 on the Fuji Testnet, aimed at enhancing cross-chain communication and scalability, alongside the introduction of the Avalanche Warp Messaging (AWM) feature for improved network interoperability.
  • On-chain metrics indicate a bullish outlook for AVAX, with increased stablecoin holdings by whales signaling buying interest. However, there’s a risk of a potential price drop if profit-taking occurs, with critical support levels identified at approximately R614.33 ($32.08) and R479.07 ($25.03).

Avalanche Eyes $50.00 Mark with Key Durango Upgrade Looming Read More »