JUST IN! Popular Altcoin Avalanche (AVAX) Receives 250 Million Investments, Price Starts to Rise!
Avalanche (AVAX) raises $250 million from Galaxy Digital and other investors.
Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation's last similar token sale was in December 2021, when it raised $230 million.
AVAX rose following the news.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UAE now holds $40 billion in Bitcoin
Share link:In this post: The UAE now holds $40 billion in Bitcoin, proving itself as a global crypto leader with a thriving blockchain ecosystem. Between July 2023 and June 2024, crypto transactions in the UAE hit $34 billion, with stablecoins dominating 51% of the activity. The country’s pro-crypto regulations, including strict AML and KYC rules, have attracted massive institutional and retail investment.
XRP Shows Signs of Possible Rally To $3 Following Whale Action
If the Bitcoin Reserve Act is passed, it may end the four-year cycle of rise and fall in cryptocurrency
The price trend of Bitcoin will no longer be so influenced by internal mechanisms such as halving, but more by external factors such as institutional adoption and geopolitical events.
The Psychological Aspect of Cryptocurrency Trading: Why is Mindset So Important?
Psychological levels play a key role in cryptocurrency trading, as traders often make emotional decisions around integer price points, forming significant support and resistance zones, and the reactions at these levels can affect market volatility and price trends.
Trending news
MoreCrypto prices
More
