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The Avalanche Foundation, a non-profit organization actively supporting the Avalanche community, has announced a $100 million support fund dedicated to facilitating the deployment of meme coins within the community. However, the organization has revealed strict guidelines and criteria that developers must adhere to before their meme coins would be considered eligible for support.
The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program.
The Avalanche Foundation says it is funding select memecoins, non-fungible tokens (NFTs) and other similar crypto assets through its Culture Catalyst program. In 2022, the non-profit organization behind the layer-1 blockchain Avalanche (AVAX) launched the Culture Catalyst initiative to support community coins created for culture and engagement.
With Bitcoin taking a recoil action to come closer to the $40K mark following the fall earlier this week, the altcoins bounce back. With Avalanche's price under a pullback phase, the buyers are preparing a bullish break to reignite the uptrend.
The Avalanche Foundation has broadly categorized meme coins, NFTs, and similar tokens designed by the community for cultural expression and interaction as "community coins."
The Avalanche (CRYPTO: AVAX) foundation announced the eligibility criteria it has set for community coins, which it will consider supporting. The announcement triggered AVAX to move 4% higher.
GBTC outflows may have triggered a crypto market correction, but aggressive buying within the remaining nine spot Bitcoin ETFs could help to limit the duration of the downside move.
The Avalanche (AVAX) price has fallen by nearly 40% since its 2023 high of $50 on December 24.
The change of direction of the "Culture Catalyst" fund by Avalanche
After going back to the drawing board following post-spot Bitcoin ETF approval, investors seem to have weathered the sell-off and are now willing to bet on further price increases. With Bitcoin price rebounding above $40,000 from the dip to $38,540, attention is also spreading to the trending crypto to buy on Wednesday — the likes of Shiba Inu (INU) and Avalanche
The cryptocurrency market is currently navigating a challenging phase, with established tokens like Solana (SOL) and Avalanche (AVAX) facing significant downturns.
The AVAX meme coins are making noise in the industry at present, with their ongoing price rallies after the Solana meme coins. With the recent news, that is surfacing regarding the Avalanche Foundation's eligibility criteria to acquire meme coins for “culture and fun”, several Avalanche-based meme coins are trending in the market today.
The Avalanche Foundation created a $100 million fund partly for buying meme coins native to Avalanche
Avalanche Foundation updates surprising investment strategy, now exclusively supporting assets minted only on the Avalanche blockchain. As per a recent blog post, Avalanche Foundation has announced its exclusive support for meme coins minted solely on the Avalanche blockchain.
Several altcoins have produced impressive gains over the past 24 hours, led by SOL, AVAX, and DOT.
Shiba Inu, positioned as the second-largest meme coin trailing Dogecoin, faces massive crossroads with significant selloffs as it deals with an increasingly competitive arena. Despite recent support from the Robinhood trading platform, which bolstered its Shiba Inu holdings by an additional 140 billion SHIB, the token is experiencing a 6.
Avalanche-based memecoins seeking a share of the $100 million fund must be at least one month old, according to new criteria from the Avalanche Foundation. The foundation has expanded the fund's scope to include what it terms “community coins.
The Avalanche Foundation handed down its eligibility criteria for memecoins hoping to receive investment from its $100 million “Culture Catalyst” fund.
The Avalanche Foundation, the non-profit organization overseeing the development of the Avalanche network, has announced the criteria for selecting meme coins.
The Avalanche Foundation has established an eligibility framework for purchasing meme coins, focusing on stability, security, and community engagement. This move aims to support projects that add value to the Avalanche ecosystem.
The Avalanche Foundation defines meme coin eligibility through criteria like fair launches, anti-sniping measures, and security practices.
The crypto market may see divergent performance in 2024, but these three cryptocurrencies to buy could be poised for big gains.
The Avalanche Foundation is investing in meme coins via a "Culture Catalyst" fund. Here's how they're picking tokens.
At first glance, it appears that cryptos have suffered from the phenomenon known as buy the rumor, sell the news.
