Avalanche Price Prediction - This is Why AVAX is Pumping 25% and There's Much More to Come
Avalanche price breakout over the last 24 hours seems unstoppable, bolstered by a strategic partnership with Amazon Web Service (AWS). The bullish move in AVAX comes amid a market-wide uptick in crypto prices that started last week. Avalanche currently exchanges hands at $15.26, with its weekly cumulative gains increasing to 27.2%.
The world's largest cloud computing service provider, AWS, is teaming up with Ava Labs to speed up the adoption of blockchain technology across various industries. Ava Labs believes this partnership will create a seamless environment for organizations and individuals to run nodes on Avalanche, a Layer-1 blockchain. Developers using the blockchain network will also benefit from improved strength and flexibility.
AWS intends to make available one-click node deployments to support Avalanche's infrastructure and decentralized applications (DApps) ecosystem. Ava Labs will join the coveted AWS Activate Program, supporting startups and early-stage entrepreneurs eyeing the AWS platform.
"We have over 500 applications on the chain and we would love to give them a better experience and now we have a real partnership that we can direct to the Activate program," John Wu, President of Ava Labs, reckoned in a statement.
The partnership is a win for the entire blockchain ecosystem as it marks the first foundational collaboration with the world's largest cloud computing network provider. Ava Labs will be adding its Subnet deployment on the platform as a managed service, which will pave the way for individuals and ecosystems to operate their own custom Subnets.
Subnets are a foundational structure for the Avalanche Layer-1 blockchain. They allow the network to divert traffic from the main blockchain and support
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