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Despite recent market fluctuations, investors’ confidence appears to have soared as depicted by the market volume metrics. Market volume surged by 28.59% to $1.52 billion.
Avalanche (AVAX) has unveiled a timeline for its major upgrade, Avalanche9000, which is expected to go live soon. The community is eagerly anticipating this upgrade, and many are pinning their hopes on it driving prices up to new levels. This optimism stems from historical evidence; when a similar upgrade occurred in February 2023, AVAX jumped by 15%.
AVAX’s recent price drop to $52.17 may be seen as an opportunity for investors to accumulate more tokens at a discounted rate. However, the market’s sudden surge in volume suggests that many are betting on Avalanche’s potential upward trajectory.
The timeline provided by Avalanche outlines several key milestones and dates, including:
* November 2024: The community will begin testing the upgrade.
* Early December 2024: A pre-mainnet test will be conducted.
* Mid-December 2024: The mainnet test will be rolled out.
* Q1 2025: The expected launch date of Avalanche9000.
The AVAX community is excited about this development, and many are optimistic that the upgrade will bring significant improvements to the network’s scalability and security. This could have a profound impact on the token’s price, as seen in the past.
However, it remains essential for investors to conduct their own thorough research before making any investment decisions.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only.
Source: u.today
