Demand for AVAX has skyrocketed in 2023, but more specifically over the last 24 hours. Investors rallied behind the token as news of a strategic partnership with Amazon Web Services (AWS) reverberated across the market. Avalanche price exploded by more than 20% to trade at $15.00 at the time of writing.
The tokens accrued gains hit 24% in seven days, 34% in 14 days and 15.5% in 30 days, according to live price data from CoinGecko. Avalanche price needs to secure support at $14.50 to let a falling wedge pattern resolve its bullish breakout that could propel the token to $28.00.
Avalanche Price Roars After Partnership With AWS
Avalanche, a Layer-1 blockchain from Ava Labs, hit the headlines across the cryptocurrency space late Wednesday with news of a key partnership with AWS, the world’s largest cloud computing service provider.
The collaboration will focus mainly on scaling blockchain adoption across various industries by simplifying the process of launching and managing nodes on Avalanche. Developers will benefit the most from the platform’s amplified flexibility and strength.
For the first time, the decentralized applications (dApps) ecosystem will have access to one-click node deployments as well as the blockchain infrastructure on the AWS marketplace. Ava Labs will have a unique chance to join the AWS Activate Program, an initiative by the cloud computing service provider to support startups and early-stage entrepreneurs.
Ava Lab’s partnership is a step in the right direction, not just for the Avalanche ecosystem but for blockchain technology as a sector of the global economy. In addition to demystifying the technology for individuals and organizations, it improves accessibility to blockchain as a service (Baas). Since Avalanche is a Layer-1 protocol, it powers several networks – whose number will likely increase with its debut on AWS.
“We have over 500 applications on the chain and we would love to give them a better experience and now we have a real partnership that we can direct to the Activate program,” said John Wu, President of Ava Labs.
The blockchain industry is celebrating this move by Ava Labs because it marks the first foundational partnership with AWS. We could see similar collaborations going forward. Ava Labs plans to capitalize on the opportunity by adding its Subset deployment as a managed service to the AWS marketplace.
The deployment will give power to individuals and organizations to build their customized Subsets with just a few clicks. Subsets play a crucial role in Avalanche’s scaling solution. They are used to direct traffic away from the core blockchain, thus allowing projects to stake AVAX while bringing up their unique Layer-1 or Layer-2 blockchains.
“When you multiply Activate times Avalanche times Subnet, you have something that’s a seminal moment. I think blockchain [technology] will become a commonplace and used in our marketplace by developers,” Howard Wright, VP and Global Head of Startups at AWS, said in a statement.
Avalanche Price Ready To Rock To $28
Avalanche price has slipped lower from its 2023 high of $16.60 to $15.00. A rebound from the yellow band or the 200-day Exponential Moving Average (EMA) (in blue) at $14.56 may speed up recovery to $28.00
According to DrDovetail, a crypto analyst on Tradingview, this move could see AVAX “climb to the $28.00 target within the next month or two.” He concurred with this analysis saying, “one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments.”
Altcoins To Consider This Fall
Investors look forward to a better 2023 and a clean slate for the crypto space following the messes that characterized 2022. Undoubtedly, they will be focusing on projects that have good track records.
It is worth bringing to your attention new altcoins likely to shape the crypto space’s future. The tokens listed below are currently in their presales and performing exceptionally well, ahead of their initial exchange listings.
Meta Masters Guild (MEMAG)
The entrance of Meta Masters Guild into the play-to-earn (P2E) sector of the blockchain industry is a game charger. This gaming platform promises to take P2E by storm, pushing renowned platforms like Axie Infinity, STEPN, The Sandbox and Decentraland, among others, out of the way.
Meta Masters Guild claims to be the “first mobile-focused Web3 gaming guild” working on a mission to build a high-quality blockchain-integrated P2E ecosystem. Although the concept is play-to-earn, the platform wants to ensure everyone can play the games and enjoy spending time doing so.
Users will earn rewards not only for playing games but also for their contributions to the ecosystem. This can include game development, supplying in-game assets to popular players, content creation, and participating in community events and giveaways.
Meta Masters Guild is creating a mobile gaming ecosystem that lets you earn rewards in exchange for having fun and playing games!
Ⓜ️ Join the presale to get your hands on $MEMAG tokens today! ⬇️https://t.co/CciShaUh6l pic.twitter.com/4ioHKjsQ9H
— Meta Masters Guild (@MEMAGgames) January 12, 2023
Investors can buy MEMAG in an ongoing presale that has already raised $46k, selling one token for 0.007 USDT.
FightOut (FGHT)
Fight Out is a revolutionary new platform shaking up the fitness industry. The platform motivates users to increase their physical activity and improve their fitness by offering rewards in the form of tokens.
The platform allows users to set and achieve fitness goals through customized courses and regimens. Fight Out tracks vital signs and other key metrics to ensure users earn rewards for their progress. Additionally, Fight Out is developing an immersive metaverse experience where users can connect with others and participate in competitions.
FightOut is conducting a presale to raise money to help develop the ecosystem and purchase a series of gyms worldwide where users can grow within a community of like-minded people. The ecosystem’s native token, FGHT, is available for presale and has raised $2.84 million so far.
RobotEra (TARO):
Calvaria is a cutting-edge blockchain gaming platform combining metaverse with non-fungible tokens (NFTs) and other innovative concepts for an unparalleled gameplay experience.
Players on Calvaria select NFT trading cards representing various characters to engage in battles within the metaverse. The more battles they win, the more rewards they earn. The platform’s developers also offer community initiatives where players can earn additional rewards online.
The RIA token, the native currency of the platform, powers all transactions within the ecosystem – it is a proof-of-stake (PoS) coin on the Ethereum blockchain. Players can stake RIA and earn additional rewards as a passive investment.
With more than $2.73 million raised, RIA is in its final presale stage. Only 12% of the RIA coins are available before the presale closes. The token is scheduled to go live on exchanges like LBANK Exchange and BKEX Global in the coming weeks.
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- Meta Masters Guild $MEMAG NEW Crypto Presale – Fastest Growing Play to Earn Cryptocurrency? – YouTube
Fight Out - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $4M+ Raised
- Real-World Community, Gym Chain