AVAX is currently trading near $35, which is far away from its previous highs. It is expected to accelerate recovery and march toward new highs alongside all other crypto assets after Bitcoin halving. The current all-time high of AVAX is $128.78 and the new high is anticipated above $150 in the next cycle. This price target of $150 is the least compared to the potential excessive gains the cryptocurrency market is to attain in this bullrun.
#AVAXâ Avalanche teams up with ANZ for cross-chain asset settlements
Avalanche (AVAX) recently announced a partnership with Australia and New Zealand Banking Group (ANZ) and Chainlink (LINK) Labs. This collaboration aims to leverage Chainlinkâs Cross-Chain Interoperability Protocol (CCIP) to connect Avalanche and Ethereum (ETH) blockchains, enabling seamless delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies.
News of the collaboration ignited significant interest in Avalanche, boosting bullish price predictions for AVAXâs price. Since the beginning of April, Avalanche (AVAX) has seen its bears in control, recording a 5% decline in its altcoin price. However, with this recent collaboration, market analysts anticipate a price recovery in the coming weeks.