Avalanche (AVAX) has recently shown significant growth driven by the Octane upgrade and fresh investments into its ecosystem. The current price of AVAX stands at $23.50.
Octane Upgrade and Investments
The recent Octane upgrade has led to a 40% increase in total value locked (TVL), as well as a $250 million injection for Real World Asset (RWA) tokenization from Grove and Janus Henderson, bolstering DeFi infrastructure and institutional interest.
Technical Analysis and Forecasts
Technical analysis indicates that AVAX is forming a 'double bottom' pattern, potentially signaling further growth. Resistance levels are around $22.35–$22.40, and a breakout above these thresholds could push prices toward $27 and $36 in Q4.
Partnerships and Real-World Plans
Avalanche is also expanding its influence at the governmental level, with Bergen County, New Jersey, planning to tokenize 370,000 property deeds. The partnership with FIFA to develop its own blockchain for fan engagement further highlights the growing interest in AVAX.
Despite current fluctuations, recent updates and partnership expansions lay a foundation for continued growth for Avalanche, making it a potentially attractive asset for investors.
