AVAX(Avalanche)24 hours pump 2.34%

Gate News Bot message, September 9, according to CoinMarketCap data, as of the time of writing, AVAX(Avalanche) is currently priced at $25.27, rising 2.34% in the last 24 hours, with a peak of $25.75 and a low of $23.90, and a 24-hour volume of $631 million. The current market capitalization is approximately $10.673 billion, an increase of $244 million compared to yesterday.

Avalanche is an open-source platform for launching decentralized applications and enterprise-level blockchain deployments that is highly scalable. It aims to address the scalability issues of blockchain in a fast, low-cost, and environmentally friendly manner.

Important recent news about AVAX:

1️⃣ Bitwise registers Avalanche ETF in Delaware The well-known digital asset management company Bitwise has registered an Avalanche ETF in Delaware. This marks a further expansion of cryptocurrency-related ETFs in the U.S. market. The ETF specifically targets Avalanche's native token $AVAX, providing investors with a new cryptocurrency investment tool.

2️⃣ The re-staking protocol Suzaku completes $1.5 million financing The re-staking protocol Suzaku has successfully completed a $1.5 million financing round, with funds coming from seed rounds, public offerings, and grants. This funding will provide Suzaku with more resources to help further develop and enhance re-staking services within the Avalanche ecosystem.

3️⃣ Increased Activity in Ecosystem Financing The successful financing of Suzaku reflects investors' ongoing interest in innovative projects within the Avalanche ecosystem. This influx of capital may stimulate more developers to build applications on the Avalanche platform, thereby enhancing the vitality and attractiveness of the entire ecosystem.

From a technical perspective, the rise in AVAX prices is accompanied by an increase in volume, indicating that the market is responding positively to these developments. The news of Bitwise registering an Avalanche ETF may further boost investor confidence in AVAX, driving the price up. However, investors still need to closely monitor the overall cryptocurrency market trends, as they may impact AVAX's subsequent performance.

This message is not an investment advice, and investors should pay attention to market volatility risks.