Avalanche and Trump Administration Talks: Will AVAX Price Rise?

Adding to optimism, the Avalanche community recently announced that it has entered into discussions with the incoming US administration, sparking global market discussions. Ava Labs CEO Emin Gün Sirer announced Monday that Ava Labs is in discussions with the Trump administration. In return, crypto enthusiasts are expecting a bullish influence on the AVAX price, with a potential target of $50 looming on the horizon.

Avalanche is entering into talks with the incoming US administration, sparking optimism

The CEO of AVA Labs has taken the stage to address the broader crypto community’s concerns surrounding the company’s discussions with the US government. On December 2, Emin announced that Avalanche was in talks with the new US administration, indicating the company’s efforts to introduce a revolutionary measure in light of the election victory of pro-cryptocurrency Donald Trump.

“You won’t see us flaunting our political connections on social media. You will suddenly see results, avalanche style,” the CEO explained in his X post. This statement simultaneously reflected the market excitement surrounding the price of the native cryptocurrency AVAX.

In another similar chronicle, XRP became the talk of crypto town after Ripple’s CEO said the company was in talks with the Trump administration. XRP price is rising amid legal maneuvers in favor of Ripple and speculation that CEO Brad Garlinghouse will be the first candidate for the alleged position of “crypto czar” under Trump’s administration. This chronicle has in turn triggered waves of optimism around AVAX.

AVAX price recovering?

In line with the above-mentioned bullish event, AVAX price has increased by about 5% over the past day and is at $47.17. The coin’s 24-hour low and 24-hour high were $43.91 and $48.98, respectively. Notably, the recent upward movement is in line with the Avalanche community starting discussions with the new US administration, Donald Trump. Additionally, the cryptocurrency’s 24-hour trading volume increased by 151% to $1.83 billion. Market enthusiasts are closely watching the coin for further gains as Trump is expected to reprise his role next year.

Also worth noting, a recent AVAX price analysis from CoinGape Media announced a potential price target of $50 for the cryptocurrency. This optimistic expectation is due to the recent Avalanche9000 testnet upgrade. Overall, recent market events have painted an extremely optimistic scenario for the long-term prospects of the Ava Labs-backed token.

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Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.