Ethereum News Today: Avalanche has a strong bull market momentum as investors shift their attention away from Ethereum and Solana
Source: CoinWorld
Time: 2025-09-08 19:03:18
Avalanche’s AVAX tokens surged by $111 million to trade at $24.54 and recovered its 200-day moving average. Analyst Nicolas Lemaitre pointed out that the token's net inflows are ahead of all blockchains, indicating a growing market confidence. The token faces key resistance at $27 and has the potential to break to $30. In addition, Avalanche has partnered with Toyota Blockchain Lab to develop the Mobile Mobility Orchestration Network (MON), a blockchain infrastructure for autonomous taxi fleets designed to enhance data ownership and cross-industry efficiency.