Kaj povzroča rast cene AVAX Avalanche, ko večina kriptovalut pada?

Avalanche’s AVAX price is rising at a time when its peers are on a week’s long dip. Avalanche made a sudden surge and hit a daily high of $90.05 before pulling back to around $87.77 at the time of writing.

AVAX is still trading in the green with a 1.67% gain in the last 24 hours.

So, what are the factors behind the current Avalanche price surge? This article delves into explaining the behind-the-scenes causing the price of AVAX to rise when a majority of coins including Bitcoin, and Ethereum are in the red.

Why is Avalanche price ricing?

The reason for today’s Avalanche price surge is Terra Luna Foundation’s announcement that it has added Avalanche (AVAX) to its UST Reserve. Terra went ahead and bought AVAX coins worth $100 million.

The move made Avalanche the second larger 1 solution digital asset to be added to the UST Reserve with the first being Bitcoin.

Terra Luna Foundation made the revelation through a Tweet stating:

2 / @LFG_org‘s OTC deal to add $100 million of $ AVAX k UST UST Reserve naredi AVAX prvo večje kriptosredstvo poleg tega $ BTC se doda v rezervo UST, kar pomeni začetek razpršenega in nepovezanega sklada sredstev, ki podpira UST UST klin.

- Terra (UST) wered Poganja LUNA 🌕 (@terra_money) April 7, 2022

Besides, adding Avalanche to its UST Reserve and buying AVAX coins, Terra has also partnered with Avalanche to develop a new gaming subnet using Avalanches subnets. Terra Luna Foundation bypassed Ethereum to choose Avalanche since they believe Avalanche is experiencing rapid growth and it has a wide fan base.

Don Kwon, who is the founder of Terra said:

»Avalanche je še vedno rastoči ekosistem ... veliko ga poganja zvestoba žetonu AVAX in uporabniki čutijo veliko sorodnost s sredstvom, ki je usklajeno z AVAX. Medtem ko za povprečnega uporabnika Ethereuma uskladitev z Etherjem v resnici ne pomeni veliko.

The team at Terra Luna Foundation also went ahead and tweeted about Terra collaborating with Avalanche on the new gaming subnet stating that “Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.”

6/ Zlasti podomrežja Avalanche so zmogljiva metoda za gradnjo naslednje generacije razširljivih aplikacij Web3 v nišnih primerih uporabe.

Kot rezultat, bosta Terra in Avalanche sodelovala pri novem igralnem podomrežju – podrobnosti pa bodo objavljene pozneje.

- Terra (UST) wered Poganja LUNA 🌕 (@terra_money) April 7, 2022

The above developments have brought the recent AVAX price drop to a halt and made it start rising; something most investors believe could be witnessed for at least the next few days if not weeks.

Pošta Kaj povzroča rast cene AVAX Avalanche, ko večina kriptovalut pada? pojavil prvi na Časopis za kovance.

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• Source: https://coinjournal.net/news/what-is-making-avalanches-avax-price-rise-as-majority-of-cryptocurrencies-dip/