Avalanche Price Pumps 13% As Grayscale Launches AVAX Fund, While Experts Say This New Meme Coin Might 10X
The Avalanche price jumped 13% in the last 24 hours to trade at $26.20 as of 00:44 a.m. EST, with trading volume surging 43% to $464 million. This comes as one of the largest asset managers in the industry, Grayscale, expands its crypto offering by launching an Avalanche (AVAX) trust. The fund will allow accredited investors to gain exposure to the cryptocurrency. We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale Avalanche Trust $AVAX. Available to eligible accredited investors. Read the press release: https://t.co/XwKfjPD9Tw pic.twitter.com/HdzlNfwkQ8 — Grayscale (@Grayscale) August 22, 2024 Avalanche Price To Continue Soaring The Avalanche bears capitalized on the death cross at $27.45 to exert pressure on the price at the beginning of August, according to data from GeckoTerminal . However, the bulls later found support at $19.94, which then allowed the price to soar back to the $26.61 r...