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Avalanche Unveils Timeline for Major Upgrade to Go Live
AVAX’s market value has surged by 28.59% as investors and traders await the imminent upgrade of its protocol, dubbed Ethereum Pectra Upgrade. The surge in value is a testament to the growing anticipation among stakeholders regarding the upgrade’s potential impact on the cryptocurrency market.
In an earlier trading session, AVAX reached $55.07 before experiencing a severe price fluctuation that crashed it. Despite this setback, market enthusiasts are expecting Monday’s upgrade to be a catalyst for a new high for the coin. This optimism stems from historical evidence, as similar upgrades in 2023 led to a 15% jump in value.
The Ethereum Pectra Upgrade aims to provide crucial improvements on the network, including but not limited to better scalability and enhanced user security. If these developments can be achieved successfully, it is likely that market participants will respond positively by pushing prices higher.
As a result of this anticipation, I’m looking forward to Monday’s event with high hopes for Avalanche.
Source: u.today
