Avalanche (AVAX) price is up, but do fundamentals support the rally? By Cointelegraph
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© Reuters. (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend throughout February. AVAX’s year-to-date gains for 2023 have outpaced those of (BTC) and Ether (ETH).
Recent reasons for AVAX’s rally can be attributed to an Amazon (NASDAQ:) partnership announcement on Jan. 11. The partnership is meant to easily deploy nodes on the Avalanche blockchain with Amazon Web Services (AWS). Ava Labs, which supports the Avalanche ecosystem, hopes the partnership increases blockchain usage for enterprises and governments.
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© Reuters. (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend throughout February. AVAX’s year-to-date gains for 2023 have outpaced those of (BTC) and Ether (ETH).
Recent reasons for AVAX’s rally can be attributed to an Amazon (NASDAQ:) partnership announcement on Jan. 11. The partnership is meant to easily deploy nodes on the Avalanche blockchain with Amazon Web Services (AWS). Ava Labs, which supports the Avalanche ecosystem, hopes the partnership increases blockchain usage for enterprises and governments.
Continue Reading on Coin Telegraph
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