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Avalanche and Trump Administration Talks: Will AVAX Price Rally?
In a bid to boost optimism, the Avalanche community recently revealed that it commenced talks with the upcoming U.S. administration, sparking market discussions globally. Ava Labs CEO Emin Gün Sirer unveiled on Monday that Ava Labs is in talks with the Trump administration. In turn, crypto enthusiasts anticipate a bullish impact on AVAX price ahead, with a potential $50 target looming over the horizon.
Avalanche Commences Talks With Upcoming US Administration Igniting Optimism
AVA Labs CEO has taken the stage to address the broader crypto community’s concerns surrounding the firm’s talks with the U.S. administration. On December 2, Emin revealed that Avalanche is in discussions with the incoming United States administration, indicating the firm’s efforts to bring a revolutionary measure in light of pro-crypto Donald Trump’s win.
“You will not see us parade our political connections in social media. You’ll just suddenly see results, in total Avalanche fashion,” the CEO stated in his X post. This statement has simultaneously echoed a market frenzy surrounding the native crypto AVAX’s price.
In another similar chronicle, XRP has emerged as the talk of the crypto town, after Ripple CEO said that the firm is in talks with the Trump administration. XRP price rallies against the backdrop of legal maneuvers in Ripple’s favor and speculations that CEO Brad Garlinghouse will be the top pick for the rumored “Crypto Czar” position under Trump’s administration. This chronicle has, in turn, set off optimistic waves surrounding AVAX.
AVAX Price To Rally?
Aligning with the optimistic event mentioned above, AVAX price soared roughly 5% over the past day and is sitting at $47.17. The coin’s 24-hour low and high were $43.91 and $48.98, respectively. Notably, the recent upside movement falls in line with the Avalanche community commencing talks with the incoming U.S. administration, Donald Trump’s. Also, the crypto’s 24-hour trading volume soared 151% to $1.83 billion. Market enthusiasts are extensively eyeing the coin for further gains, given Trump is set to resume his role the next year.
It’s also noteworthy that a recent AVAX price analysis by CoinGape Media rolled out a potential $50 price target looming for the crypto. This bullish anticipation rides the back of the recent Avalanche9000 testnet upgrade. Overall, recent market events have painted a highly bullish scenario for the Ava Labs-backed token’s long-term prospects.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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