As the altcoin market gains momentum once again, AVAX, the native cryptocurrency of the Avalanche ecosystem has been making strong moves. The AVAX price is up by 8% in the last 24 hours and is currently trading at $22.68 with a market cap of $8.03 billion.
Over the last month, the AVAX price has jumped by 145% making it the 13th largest cryptocurrency by market cap.
Avalanche Forges Key Partnerships
Last week, AVAX experienced a significant intraday price surge. This uptick followed the announcement by JP Morgan, the investment banking giant, revealing a collaborative effort between its blockchain arm Onyx and Apollo Global to introduce a proof-of-concept utilizing the Avalanche blockchain.
Citi, a prominent global bank, has employed Avalanches’s AvaCloud, a managed blockchain service facilitating the swift development, deployment, and scalability of customized decentralized networks for various use cases. Citi will leverage the technology to create an innovative application that uti
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