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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.
A noteworthy turn of events for the Avalanche (AVAX) cryptocurrency, bulls are eyeing a potential rise to $32 after a strong display of resilience at the $27 price level. Following a period of bearish sentiment, AVAX has shown renewed momentum, leading to a wave of short liquidations that may further fuel its ascent.
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Avalanche has announced Retro9000, a new $40 million grant program for developers of the Avalanche blockchain.
On September 20, AVAX price broke through a crucial resistance level that had been holding it down for over two months. This breakout comes at a time of significant development on the Avalanche network, driven by the Avalanche Foundation's recent announcement of a $40 million Retro9000 Grant Program.
Avalanche (AVAX) price is showing signs of a potential breakout as long-term holders surge and short-term traders decrease. With the price currently hovering around $29.26, AVAX is approaching two key resistance zones that could determine its next move.
A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX.
As the altcoin market witnesses a resurgence in activity, tokenized real-world assets (RWA) are worthy of your attention as a trader.
AVAX price has witnessed a significant upward movement following the launch of the Avalanche Foundation's $40 million grant program, “Retro9000,” aimed at incentivizing the creation of Layer 1 blockchains. Besides boosting AVAX's market performance, the grant program is aimed at fostering innovation as the Avalanche9000 upgrade approaches.
Avalanche has announced a new grant program that will reward developers building on the blockchain's mainnet.
The Avalanche Foundation has launched a $40 million initiative called “Retro9000” to incentivize developers to create Layer 1 blockchains on the Avalanche.
Avalanche is making a big move to support blockchain developers. The Avalanche Foundation on September 26, announced a $40 M grant program to encourage devs to build layer 1 blockchains. This initiative is a part of the new “Retro9000” program.
An Avalanche spokesperson told Cointelegraph that the grant program will reward developers who create layer-1 chains and critical tools on the Avalanche9000 testnet.
The program, called Retro9000, is supposed to encourage developers to build on Avalanche ahead of a much-anticipated upgrade known as Avalanche9000.
Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout.
AVAX shorts get liquidated as price demonstrates resilience at $27 price level.
A dive into the success of Avalanche's BOOST campaign on its DeFi ecosystem
Avalanche has recently demonstrated a bullish market structure, as reflected in its daily chart. The token has managed to break out of a multi-month descending channel, a significant technical achievement that could set the stage for further gains.
The development activity and rising demand were encouraging signs for Avalanche bulls.
The cryptocurrency market shows renewed strength as top digital assets, including Bitcoin and Ethereum, post consecutive weekly gains.
Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.
The price of Avalanche (AVAX) corrected upwards after breaking above the moving average lines.
Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve's announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks.
The upward momentum for AVAX comes on the heels of a broader market rebound, largely driven by favorable macroeconomic conditions. Following the U.S. Federal Reserve's decision to lower interest rates by 50 basis points on September 18, the cryptocurrency sector reacted positively.
