Here's Why Avalanche's Cryptocurrency Is Skyrocketing

·2-min read
Here's Why Avalanche's Cryptocurrency Is Skyrocketing

Avalanche (CRYPTO: AVAX) announced on Thursday that it had completed a $230 million private sale of its AVAX cryptocurrency. News of the major capital injection courtesy of big investment from a group of private investment firms signaled a significant vote of confidence from some well-connected sources, and the AVAX token currently trades at a lifetime high. The $230 million private investment in The Avalanche Foundation was led by Polychain and Three Arrows Capital and included a handful of other participants.

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