Avalanche’s $1 billion push: Can it reignite the hottest bull market for cryptocurrencies?

The Avalanche Foundation plans to raise $1 billion to strengthen its financial strength, aiming to promote financial stability and ecosystem expansion. AVAX has a market capitalization of £7.41 billion and traded at £17.66, down 3.87% in 24 hours. Despite the recent market volatility and slowing growth from previous bull markets, Avalanche still attracts the attention of institutional investors, including partnerships with Toyota and Visa, and remains a key player in the DeFi and smart contracts sectors.