
A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX.
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AVAX surged while other tokens plunged, with analysts pegging its outperformance on being relatively undervalued while forging new partnerships with JPMorgan and Citi.
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The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
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The “Big Four” accountant announced that it would leverage Avalanche’s blockchain for a new project.
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The sharp bounce back in Avalanche market yet faces risks of exhaustion as the price forms a bearish wedge setup.
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