🚀 #Avalanche Raises $250M Amid AVAX Rally

The Avalanche Foundation secured $250M through a private token sale led by Galaxy Digital and ParaFi Capital, boosting $AVAX by 9% to $52.80.

🌐 Key Developments:

*/ Avalanche9000 Upgrade: Launching on Dec 16, this upgrade slashes blockchain costs by 99.9% and enables interchain communication.

*/ DeFi Growth: Avalanche's TVL hits $1.65B, the highest in 2 years, as interest in DeFi rises.

📊 Outlook: RSI at 62 suggests more growth potential, with demand keeping trading volumes strong. However, $54 resistance remains a challenge.

Is AVAX gearing up for another breakout?

#Altcoinseason2024 #Avax🔥🔥 #AvalancheAVAX #Write2Earn!