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AVAX could benefit from a partnership with Alibaba
Avalanche (AVAX-USD) price predictions are worth checking out on Monday as traders react to rumors of a deal with Alibaba (NYSE:BABA).
According to these rumors, Avalanche will act as a validator for Alibaba Cloud. This will have it offering Node-as-a-Service to the company. This is a concept Avalanche is working on to allow for “blockchain node maintenance” and security.
The idea of Avalanche teaming up with a major e-commerce player like Alibaba is welcome to investors. It’s a potential sign that the blockchain company’s efforts are paying off — a payoff could transfer to the AVAX crypto.
Let’s get into what the experts are expecting from Avalanche with a look at the latest price predictions.
Most of these AVAX price predictions are positive compared to its price of $12.73 as of this writing. Investors will also note that Avalanche is down 5% over the prior 24-hour period as of Monday afternoon. The crypto’s trading volume over that same period of time is up 58.5%.
Investors seeking out more of the latest crypto market news will want to keep reading!
InvestorPlace is home to all of the hottest crypto news traders need to know about on Monday! A few examples include what’s going on with Grayscale, Bakkt (NYSE:BKKT) layoffs and a list of cryptos that could benefit from the FTX drama.
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/12/avax-price-predictions-where-will-alibaba-take-the-avalanche-crypto/.
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