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Reading: Avalanche Surges as Talks Begin with Trump Administration
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Deythere > News > Market > Trading > Avalanche Surges as Talks Begin with Trump Administration
CryptoMarketNewsTrading

Avalanche Surges as Talks Begin with Trump Administration

Avalanche AVAX and its growth in the cryptocurrency market. The image features the AVAX logo
Ezeudo Nwosu
Last updated: December 2, 2024 1:09 pm
By
Ezeudo Nwosu
Published December 2, 2024
2 Min Read
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Avalanche (AVAX) has taken the crypto world by storm following news of discussions with the incoming Trump administration. Ava Labs CEO Emin Gün Sirer stated that this collaboration could positively impact Avalanche’s growth and AVAX’s price. The announcement has already fueled a notable rally in AVAX, attracting significant market attention.

AVAX Price Reaction

On December 2, Sirer confirmed that Avalanche had initiated discussions with the Trump administration, emphasizing a results-oriented approach. “You won’t see political connections flaunted on social media. Instead, you’ll see sudden results—Avalanche style,” Sirer remarked, boosting investor confidence.

Following the announcement, AVAX surged by 5%, reaching $47.17. The token traded between $43.91 and $48.98 throughout the day, with its 24-hour trading volume spiking by 151% to $1.83 billion. Analysts suggest that AVAX could soon hit the $50 mark, solidifying its short-term bullish outlook.

Trump Administration’s Crypto Policies and Ripple Connection

The Trump administration’s crypto policy initiatives have also sparked movements in other cryptocurrencies. Speculation that Ripple CEO Brad Garlinghouse might be appointed as “Crypto Czar” has led to gains in XRP. Similarly, Avalanche’s discussions with the administration are seen as a positive signal for AVAX’s long-term prospects.

According to Dey There, Avalanche’s Avalanche9000 testnet upgrade further supports optimistic forecasts. Analysts believe the ongoing talks with the U.S. government could catalyze a sustained price increase for AVAX.

Community and Market Sentiment

The Avalanche community views these discussions as a pivotal step in bolstering AVAX’s value over the long term. Many see this move as a reflection of Avalanche’s ambition to position itself as a global leader in the crypto space.

As Avalanche strengthens its ties with the U.S. government, market participants are closely watching how these developments unfold. If successful, they could cement Avalanche’s status as a top contender in the blockchain and crypto sectors.


Avalanche, AVAX, Trump administration, AVAX price, Emin Gün Sirer

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ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
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