The price of Avalanche has reached $35.66. This jump was driven by a $1 billion staking plan, the KRW1 stablecoin launch, and gaming adoption.
On September 18, AVAX crossed $35.66, its highest level in 7 months. The price has risen by more than 50% in just 30 days.
AVAX has gained 20% in the past week and has doubled from its April low of $16. But it is still 35% below its December high of $54.
The Avalanche AVAX surges 50% network’s Total Value Locked is now $2.27 billion, having doubled in 6 months. This shows that both network activity and investor confidence are increasing.
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Staking Roadmap and Institutional Interest Drive
The Avalanche Foundation announced a $1 billion staking plan, in which people will lock their tokens and provide long-term support to the network. This plan boosted AVAX’s rally.
Institutions have also shown interest. SkyBridge Capital confirmed that it will tokenize $300 million of hedge fund assets on the Avalanche network. The Foundation is in talks with U.S. investors to raise $1 billion. Deals worth up to $500 million are being discussed with Hivemind Capital and Dragonfly Capital. If these deals are finalized, Avalanche’s liquidity and investor trust will be strengthened.
Avalanche was also in the news in Asia. South Korea’s first coin-backed stablecoin, KRW1, launched on this network.
In addition to finance, Avalanche has also seen growth in the gaming sector. Over 13 million gaming users have joined Avalanche in the last few months.
Analysts say that if AVAX breaks the $36 resistance, the price could reach the $41–$44 range.
Why This Matters – AVAX surges 50%
This rally shows that Avalanche’s influence is growing in the crypto markets, and it is now playing an important role in mainstream finance as well.
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People Also Ask – AVAX surges 50%:
What is AVAX?
AVAX is the main coin of the Avalanche blockchain. It is used for sending money, staking, and using it in the network’s apps.
What is the $1 billion staking roadmap?
It’s a plan in which people lock up their AVAX coins. This strengthens the network and attracts both small and large investors.
How does institutional adoption affect AVAX?
When large companies, like SkyBridge Capital, invest in Avalanche, the trust and value of AVAX increases.
What is KRW1, and how does it relate to AVAX?
KRW1 is South Korea’s first stablecoin launched on Avalanche. This happens in real finance and increases demand for AVAX.
What future price potential does AVAX have?
If AVAX rises above $36, its price could reach $41–$44. Staking, large investments, and network growth are supporting it.
