Avalanche AVAX Surges 6% on Institutional Deals and Network Upgrades

Avalanche’s native token, AVAX, is under the spotlight as analysts project a potential price rally to $95 by the end of 2025, supported by rising on-chain activity and strategic network upgrades. Recent developments, including the implementation of the Octane upgrade, have contributed to improved performance, with a 42.7% reduction in C-Chain fees and faster transaction processing [1]. These upgrades, coupled with enhanced security features such as AI-based code auditing tools, have strengthened the network’s appeal to developers and institutional players [1].

The token’s price has shown notable strength, with AVAX surpassing $27 following a 6% gain in the previous 24 hours. This upward movement has been further supported by institutional integrations, including partnerships with Deutsche Börse and Youmio’s AI Layer-1 rollout [1]. Additionally, the Avalanche network’s DeFi total value locked (TVL) has increased to $1.5 billion over the past year, reflecting growing adoption and confidence in the platform [1].

Despite the positive momentum, traders are advised to remain cautious as AVAX approaches overbought levels on the RSI. Chart analysis indicates a forming wedge pattern, suggesting the potential for a short-term pullback [1]. Nevertheless, the broader market sentiment remains optimistic, fueled by recent ETF-related developments and strategic collaborations, including partnerships with FIFA and California’s DMV [1].

According to analysts, the projected price target of $95 for AVAX is achievable, driven by continued on-chain activity and infrastructure enhancements. However, while the price forecast is bullish, some market observers are highlighting alternative projects that offer more immediate utility and growth potential [1].

Source: [1] Avalanche Price Prediction: AVAX To Hit $95 As On-Chain Activity Spikes In Q3 (https://coinmarketcap.com/community/articles/6897984c59e3236cacaa1816/)