Avalanche Price Rallies Amid Binance Announcement
The price of Avalanche (AVAX) has risen by almost 12% following an announcement from Binance, the leading crypto exchange. Binance has introduced a USDC-margined AVAX Perpetual Contract with up to 75x leverage on its Futures platform, which has given investors confidence in the crypto. Binance's endorsement of AVAX signals a vote of confidence in the potential of Avalanche, and the surge in AVAX price following this announcement indicates growing investor interest and positive market sentiment. As of writing, the Avalanche price was up 11.73% to $59.74, with its trading volume staying near the flat line at $1.93 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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