Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 325
    CryptoMarketNewsSponsored Article

    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power

    What if the next 60x meme coin wasn’t already at the top…

    By
    Benedikt Krüger
    May 31, 2025
    image 313
    CryptoMarketNewsSponsored Article
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    May 31, 2025
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
  • Cryptocurrency
    image 325
    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power
    10 Min Read
    image 313
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    7 Min Read
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Breaking News: Massive Investment in Ethereum and Solana Rival Altcoin
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Breaking News: Massive Investment in Ethereum and Solana Rival Altcoin
CryptoMarketNews

Breaking News: Massive Investment in Ethereum and Solana Rival Altcoin

Avalanches AVAX significant investment news in the cryptocurrency market. The image features the AVAX l
Milena Volodina
Last updated: December 12, 2024 2:21 pm
By
Milena Volodina
Published December 12, 2024
2 Min Read
Share

The cryptocurrency space continues to make headlines with major moves. In a competitive market, the popular Ethereum and Solana rival, Avalanche (AVAX), has secured significant new funding. As Bitcoin surpassed $101,200, altcoins have also joined the upward trend, with AVAX making a splash.

Contents
Avalanche Secures $250 Million InvestmentMarket Sentiment and Inflation Data Impact

Avalanche Secures $250 Million Investment

At the time of writing, Avalanche (AVAX) is trading at $52, reflecting a 13% daily increase. The Avalanche Foundation has announced a new funding round, raising an impressive $250 million. This comes after the project’s previous success in December 2021, when it secured $230 million through a token sale.

The latest funding round attracted participation from over 40 firms, including Galaxy Digital, Dragonfly, ParaFi Capital, SkyBridge, and Morgan Creek Digital. With this additional investment, the Avalanche Foundation aims to accelerate its growth and expand its ecosystem.

Currently, the Avalanche Foundation holds nearly $3 billion worth of AVAX tokens in its treasury. These resources, combined with the new funding, will support initiatives such as the recent Avalanche9000 upgrade, designed to attract developers and drive ecosystem growth.

Market Sentiment and Inflation Data Impact

While the cryptocurrency market remains optimistic, some caution is warranted. The latest U.S. Producer Price Index (PPI) data, showing inflation at 3%, slightly dampened today’s market sentiment. Despite this, AVAX and other altcoins continue to show resilience, reflecting strong investor confidence.

For readers of Dey There, this development highlights the ongoing competition among blockchain networks and the sustained interest from institutional investors. As Avalanche leverages its resources to enhance its ecosystem, the project positions itself as a formidable rival to Ethereum and Solana.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Crypto Nation? Over 50% of South Koreans Now Own Digital Assets

Ripple Closes SEC Case at $50M, XRP Price Eyes Break Above $2.60

Crypto-Friendly Wave Sweeps Through U.S. Congress as Election Results Boost Digital Assets

SatLayer and Babylon Labs Partner to Enhance Bitcoin Staking Opportunities

Dogecoin Price Struggles: 5 Critical Levels Traders Must Watch

TAGGED:AvalancheAVAXblockchain ecosystemcryptocurrency investmentEthereum rival

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article highlighting Bitcoin volatility with Bollinger Bands analysis. The image features a glowing Bitcoin logo surrounded by Bitcoin Market on Alert: Bollinger Bands Signal Imminent Volatility
Next Article image 86 From $0.031 to $15? Qubetics Is a Rare Chance to Join the Best Crypto with 1000X Potential as Monero Climbs 30% and Celestia Innovates
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)