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$AVAX #Avalanche9000
What is #Avalanche9000 ? #CNN
Avalanche9000 is considered the biggest upgrade in the network’s history. The testnet went live on Nov. 25, while the mainnet will go live today, on Dec. 16.
Among the main upgrades will reduce Layer-1 deployment costs by 99%, making them more economically feasible. The upgrade will also include the Retro9000 fund, which will provide $40 million in retroactive funding.
Last week, the Avalanche team also announced positive news regarding the completion of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital in preparation for the launch of Avalanche 9000.
Sentiment around the AVAX price on X is also positive. Kaleo noted a potential breakout from a resistance trend line that has existed since the all-time high.
Breakouts from such long-term structures usually lead to significant upward movements.
CryptoJack outlined a long-term cup and handle pattern in the weekly time frame that could lead to a similar breakout.
Let’s see if AVAX will break out and, if so, what the next targets are.
What is #Avalanche9000 ? #CNN
Avalanche9000 is considered the biggest upgrade in the network’s history. The testnet went live on Nov. 25, while the mainnet will go live today, on Dec. 16.
Among the main upgrades will reduce Layer-1 deployment costs by 99%, making them more economically feasible. The upgrade will also include the Retro9000 fund, which will provide $40 million in retroactive funding.
Last week, the Avalanche team also announced positive news regarding the completion of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital in preparation for the launch of Avalanche 9000.
Sentiment around the AVAX price on X is also positive. Kaleo noted a potential breakout from a resistance trend line that has existed since the all-time high.
Breakouts from such long-term structures usually lead to significant upward movements.
CryptoJack outlined a long-term cup and handle pattern in the weekly time frame that could lead to a similar breakout.
Let’s see if AVAX will break out and, if so, what the next targets are.