Avalanche announced that it has started negotiations with the US government and the price of AVAX has increased by 5%. Analysts are stating that the price could reach $50.
The talks that Avalanche initiated with the new administration in the US had a great impact in the crypto world. Ava Labs CEO Emin Gün Sirer stated that this development could have a positive impact on the Avalanche (AVAX) price. Following the statements, a rapid increase was observed in the AVAX price.
Emin Gün Sirer confirmed in a statement on December 2 that Avalanche had begun negotiations with the Trump administration. Indicating that they would focus on concrete results and would not follow a public path during this process, Sirer said, "Instead of sharing our political connections on social media, we will suddenly appear before you with concrete results." These statements increased the confidence of market participants.
Following the announcements, AVAX price increased by 5% to $47.17. During the day, AVAX traded between $43.91 and $48.98, with a 151% increase in 24-hour volume. Volume reached $1.83 billion, with analysts predicting the price could move toward the $50 target. This development strengthened Avalanche’s short-term prospects.
Trump Administration and the Ripple Effect
The Trump administration’s steps towards cryptocurrency policies have also created movement in other cryptocurrencies. Speculation that Ripple CEO Brad Garlinghouse will be nominated for the position of “Crypto Czar” has caused the XRP price to rise. Similarly, Avalanche’s talks with the US administration are seen as a long-term reassuring signal for AVAX.
CoinGape Media’s AVAX price analysis highlights Avalanche’s potential to reach the $50 target. Furthermore, Avalanche’s recent Avalanche9000 testnet upgrade supports these optimistic expectations. Experts believe that Avalanche’s ongoing talks with the Trump administration could lead to a sustained increase in AVAX price.
The Avalanche community says that these talks will positively contribute to the long-term value of AVAX. Market participants say that this strategic move by Avalanche will accelerate the company’s goal of becoming one of the global crypto leaders.
