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Avalanche Unveils Timeline for Major Upgrade to Go Live
In a recent development, the Avalanche team has unveiled the timeline for its highly anticipated upgrade, dubbed Avalanche9000. This significant update aims to improve the scalability and security of the network, further solidifying its position as a top-tier player in the crypto space.
According to sources close to the matter, the upgrade is scheduled to go live on Monday, December 10th, pending successful testing. The Avalanche community has been eagerly anticipating this milestone event, given the substantial benefits it will bring to the platform.
As reported earlier, market sentiment has shifted favorably toward AVAX, driven by the positive news surrounding the upcoming upgrade. As a result, the token’s price surged by an impressive 28.59% to reach $55.07 before experiencing a sharp correction.
It is essential for investors and traders alike to be aware that market volume climbed by 28.59% to $1.52 billion, indicating substantial buying pressure.
Traders and investors are optimistic about the upgrade’s potential impact on AVAX’s price trajectory. Historical evidence suggests that such upgrades have been catalysts for significant price gains in the past. In February 2023, a similar upgrade led to a 15% increase in AVAX’s value within a short period.
The Avalanche team has made tremendous progress with its Pectra upgrade, which aims to enhance the network’s capabilities and efficiency. The latest milestone includes the approval of crucial EIPs (Ethereum Improvement Proposals), marking a significant step forward in the development process.
As we approach the scheduled release date, investors will be closely monitoring market developments for any signs that may indicate the success or failure of this critical upgrade.
Source: u.today
