$AVAX pumping soon???
On December 2, Emin Gün Sirer announced that Avalanche has started discussions with the upcoming Trump administration. Avalanche is just one of several crypto projects that have started negotiations, with spectators anticipating a huge bull run due to Trump’s pro-crypto stance.
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Avalanche Begins Trump Negotiations
During a recent announcement Emin Gün Sirer highlighted that Avalanche is looking to achieve tangible results as part of its Trump negotiations rather than showcasing political connections. Sirer highlighted that in true Avalanche style, “You won’t see our political connections on social media. You will see results suddenly.”
Since the announcement, Avalanche’s price has increased by 6.2%, taking AVAX to $50.94 at the time of writing. Avalanche’s daily trading volume has also soared by 70% to $2.8 billion. This significant rise suggests that investors are bullish about Avalanche’s future growth.
In addition to this announcement, Avalanche recently launched its Avalanche9000 network upgrade. This upgrade is the biggest since the protocol launched and is designed to simplify launching a Layer-1 network on Avalanche.
Data from a recent Messari report shows that Avalanche’s total value locked (TVL) increased by 66% in Q3 to $1.5 billion. Daily transactions have also increased by 18%, rsuggesting that the ecosystem is growing significantly.