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Avalanche Partners with Amazon Web Services, AVAX Rallies 25%

Avalanche has announced a partnership with cloud-computing platform Amazon (NASDAQ:AMZN) Web Services (AWS) to bring wider adoption of blockchain technology by...
Avalanche Partners with Amazon Web Services, AVAX Rallies 25% © Reuters. Avalanche Partners with Amazon Web Services, AVAX Rallies 25%
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Avalanche has announced a partnership with cloud-computing platform Amazon (NASDAQ:AMZN) Web Services (AWS) to bring wider adoption of blockchain technology by enterprises, institutions, and governments.

Avalanche Partners with Amazon

Ava Labs, the company building out layer-1 blockchain Avalanche, announced Wednesday, January 11th, that it will work with AWS to help scale blockchain adoption across enterprises, institutions, and governments.

As part of the partnership, Ava Labs will offer its “Subnet deployment” as a service through the AWS Marketplace. Any organization can enlist Ava Labs via AWS to launch a custom Subnet.

Howard Wright, VP and Global Head of Startups, AWS, said his company will help expand Avalanche adoption “to new geographies and customer segments” and “support new tooling for Avalanche’s infrastructure and ecosystem.”

Subnets are like custom blockchains built on Avalanche. Subnets have custom rulesets and allow organizations deploying them even to launch their own unique tokens.

AVAX Reacts, Rallies 25%

In reaction to the news, Avalanche’s native token, AVAX, rallied as much as 25% to trade as high as $16.38. This is its highest price since November 8th, 2022. AVAX now trades at $15.09, maintaining a 24-hour gain of 21.3%.

The 24-hour price chart for Avalanche (AVAX). Source: CoinMarketCap

On the Flipside

  • The partnership also comes just a week after Avalanche announced a partnership with Shopify (NYSE:SHOP) to streamline the NFT process for buyers and sellers.

Why You Should Care

The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while helping the network expand and become more flexible for developers.

Here’s our prediction for Avalanche post-FTX collapse:

Cryptocurrency Outlook for Solana (SOL), Avalanche (AVAX), and Snowfall Protocol (SNW) Post-FTX Bankruptcy

The recent growth of Avalanche (AVAX) is covered in:

Solana (SOL) Slides Further as Avalanche (AVAX) Tops SOL By Market Cap

See original on DailyCoin

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23-02-2024 04:54:21 (UTC+7)

EUR/USD

1.0824

+0.0007 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0824

+0.0007 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2661

+0.0027 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

USD/JPY

150.54

+0.26 (+0.17%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.6557

+0.0008 (+0.11%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (2)

USD/CAD

1.3481

-0.0024 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

EUR/JPY

162.94

+0.32 (+0.20%)

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Buy

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Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

EUR/CHF

0.9528

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Buy (7)

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Gold Futures

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Buy (7)

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Buy (5)

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Brent Oil Futures

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Buy (0)

Sell (6)

US Coffee C Futures

183.23

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Buy (5)

Sell (4)

Euro Stoxx 50

4,855.85

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Neutral

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S&P 500

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DAX

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FTSE 100

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Sell (9)

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Hang Seng

16,742.95

+239.85 (+1.45%)

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Moving Avg:

Buy (12)

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US Small Cap 2000

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Sell (8)

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IBEX 35

10,138.90

+31.70 (+0.31%)

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Buy (2)

Sell (10)

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Buy (1)

Sell (7)

BASF SE NA O.N.

46.845

+0.440 (+0.95%)

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Moving Avg:

Buy (12)

Sell (0)

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Buy (9)

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Bayer AG NA

28.91

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Sell (12)

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Buy (2)

Sell (6)

Allianz SE VNA O.N.

255.10

+4.40 (+1.76%)

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Sell

Moving Avg:

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Sell (12)

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Buy (4)

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Adidas AG

187.82

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Neutral

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Buy (3)

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Deutsche Lufthansa AG

7.503

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Sell

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Siemens AG Class N

172.10

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Deutsche Bank AG

12.252

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Indicators:

Buy (3)

Sell (6)

    EUR/USD 1.0824 ↑ Buy  
    GBP/USD 1.2661 ↑ Buy  
    USD/JPY 150.54 Neutral  
    AUD/USD 0.6557 Neutral  
    USD/CAD 1.3481 ↑ Sell  
    EUR/JPY 162.94 Buy  
    EUR/CHF 0.9528 ↑ Buy  
    Gold 2,034.45 ↑ Buy  
    Silver 22.782 Buy  
    Copper 3.8948 Sell  
    Crude Oil WTI 78.34 ↑ Sell  
    Brent Oil 83.45 ↑ Sell  
    Natural Gas 1.724 ↑ Sell  
    US Coffee C 183.23 ↑ Buy  
    Euro Stoxx 50 4,855.85 Neutral  
    S&P 500 5,087.03 ↑ Sell  
    DAX 17,370.45 Neutral  
    FTSE 100 7,684.49 ↑ Sell  
    Hang Seng 16,742.95 ↑ Buy  
    Small Cap 2000 2,009.05 ↑ Sell  
    IBEX 35 10,138.90 ↑ Sell  
    BASF 46.845 ↑ Buy  
    Bayer 28.91 ↑ Sell  
    Allianz 255.10 Sell  
    Adidas 187.82 Neutral  
    Lufthansa 7.503 Sell  
    Siemens AG 172.10 ↑ Sell  
    Deutsche Bank AG 12.252 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,680/ 7,850
(0/ 0) # 1,797
SJC HCM7,650/ 7,870
(0/ 0) # 1,817
SJC Hanoi7,650/ 7,872
(0/ 0) # 1,819
SJC Danang7,650/ 7,872
(0/ 0) # 1,819
SJC Nhatrang7,650/ 7,872
(0/ 0) # 1,819
SJC Cantho7,650/ 7,872
(0/ 0) # 1,819
Cập nhật 23-02-2024 04:54:23
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$2,024.35 -1.48 -0.07%
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