Avalanche: Will Upcoming Upgrade push AVAX toward $21?
The third quarter was not very favorable for Avalanche . As highlighted in a recent article, the total revenue dropped by 94.1%, following a decline in daily transactions by 65.5% and a 76.2% drop in transaction fees. Read More – Avalanche : Q3 Total Revenue dips by 94%, Ava Labs drama to be blamed? Nevertheless, the network has been focused on building for the long term. Notably, Avalanche will be undergoing a network upgrade at the beginning of next week, justifying the said narrative. Dubbed Banff, the upgrade was activated on the Fuji testnet on October 3. The mainnet upgrade will, however, take place on the 18th. The said reform intends to add support for creating Proof-of-Stake Subnets. Top exchanges like Binance have already extended their support for the said upgrade. AVAX Price On the price front, AVAX has been on a downtrend since mid-September. From trading around $22, the price of the #18th ranked token has dropped down to $16. However, it is currently at ...