{"id":644983,"date":"2024-09-27T20:00:59","date_gmt":"2024-09-27T20:00:59","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=644983"},"modified":"2024-09-27T12:41:24","modified_gmt":"2024-09-27T12:41:24","slug":"avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers\/","title":{"rendered":"Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As the market continues its bullish climb, Avalanche (AVAX) keeps on garnering investor interest as new developments drive growth on the platform. These developments have since placed AVAX on the crosshairs of the bulls <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">leading<\/span><\/a><span style=\"font-weight: 400\"> to a 25% surge in price in the last two weeks, reinforcing the token\u2019s position as a long-term asset.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/worldcoin-soars-31-will-network-upgrades-push-wld-price-higher\/\" target=\"_blank\" rel=\"noopener \">Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Avalanche\u2019s focus on on-chain growth is made apparent by a recent announcement that will cement the platform\u2019s position in the DeFi space. As time lets these developments mature, investors and traders holding AVAX might be in for a treat.<\/span><\/p>\n<h2><strong>$40 Million Allotted For Retro9000 To Encourage L1 Growth<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In an official X post, Avalanche <\/span><a href=\"https:\/\/x.com\/avax\/status\/47736238\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reveals<\/span><\/a><span style=\"font-weight: 400\"> its new grants program named Retro9000. The program will reward developers who build projects on the <\/span><a href=\"https:\/\/www.avax.network\/blog\/building-on-avalanche9000\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Avalanche9000<\/span><\/a><span style=\"font-weight: 400\"> testnet and deploy the finished product on the mainnet. This move comes as a way to \u201cempower developers\u201d on the platform, ensuring that development on Avalanche won\u2019t cease.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Retro9000: Up to $40m in retroactive grants for Avalanche L1s \ud83d\udd3a<\/p>\n<p>This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best\u2013innovate and build.<\/p>\n<p>More on Retro9000 \ud83d\udc47 <a href=\"https:\/\/t.co\/qNXzosMV14\" rel=\"nofollow\">pic.twitter.com\/qNXzosMV14<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avax) <a href=\"https:\/\/twitter.com\/avax\/status\/47736238?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 26, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">\u201cWhile the current blockchain landscape offers <\/span><span style=\"font-weight: 400\">countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging,\u201d stated Avalanche in a recent <\/span><a href=\"https:\/\/www.avax.network\/blog\/retro9000-a-40m-grant-program-rewards-developers-building-avalanche-l1s\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">blog post<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The program works by ranking submissions in a public leaderboard, allowing developers to build publicly, and allowing a community to form around their projects. However, the main focal point for the rewards system is the developers that test and ship their finished projects on the mainnet, further enhancing on-chain growth on the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Retro9000 is mainly concerned on the upcoming Avalanche9000 network upgrade. The program allows developers of all sizes to keep try the new developer environment whilst keeping the economic barrier low through funding using the $40 million allotted for the program.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/YcDiCeqZ\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">AVAX market cap currently at $12 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The cryptocurrency wallet and portfolio protocol, Core, <\/span><a href=\"https:\/\/x.com\/coreapp\/status\/58783772\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">said<\/span><\/a><span style=\"font-weight: 400\"> it would support its upcoming network upgrade, Avalanche9000, which will feature the Interchain Messaging Protocol (ICM). It promises much easier crosschain communication, thereby improving the user experience on this platform.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Testnet builders, as you&#8217;re building out your L1 or L1 tooling on testnet, keep in mind that Core is helping cut your dev time by optimizing for the ability to move assets between chains and providing easy access to testnet support.<\/p>\n<p>Read more about Core&#8217;s support of the ICM\u2026<\/p>\n<p>\u2014 Core \ud83d\udd3a | Crypto Wallet &amp; Portfolio (@coreapp) <a href=\"https:\/\/twitter.com\/coreapp\/status\/58783772?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 26, 2024<\/a><\/p><\/blockquote>\n<h2><strong>Avalanche: Investors Aim To Break Through $30.11 &#8211; Is This Possible?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">With solid on-chain development occurring on Avalanche, AVAX bulls have set their eyes on the $30.11 resistance level which will open the door for a return on the $33.08 price level. If this occurs, investors and traders are in with huge gains in the medium to long-term.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-644984\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_39b606.png?resize=561%2C255\" alt=\"\" width=\"561\" height=\"255\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_39b606.png?w=561 561w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_39b606.png?w=460 460w\" sizes=\"(max-width: 561px) 100vw, 561px\"><\/p>\n<p><span style=\"font-weight: 400\">Although the market environment is inherently bullish, the relative strength index (RSI) of the token remains strained by the near-constant upward trajectory that AVAX has followed in the past two weeks, possibly putting AVAX\u2019s short term gains at risk.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/stacks-new-network-upgrades-push-stx-price-up-by-18-details\/\" target=\"_blank\" rel=\"noopener \">Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">If the token does get rejected by the $30.11 resistance, the bulls can rely on AVAX\u2019s present support level at $26.79 for long-term movement.\u00a0<\/span><\/p>\n<p><em>Featured image from Medium, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the market continues its bullish climb, Avalanche (AVAX) keeps on garnering investor interest as new developments drive growth on the platform. These developments have since placed AVAX on the crosshairs of the bulls leading to a 25% surge in price in the last two weeks, reinforcing the token\u2019s position as a long-term asset.\u00a0 Related Reading: Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher? Avalanche\u2019s focus on on-chain growth is made apparent by a recent announcement that will cement the platform\u2019s position in the DeFi space. As time lets these developments mature, investors and traders holding AVAX might be in for a treat. $40 Million Allotted For Retro9000 To Encourage L1 Growth In an official X post, Avalanche reveals its new grants program named Retro9000. The program will reward developers who build projects on the Avalanche9000 testnet and deploy the finished product on the mainnet. This move comes as a way to \u201cempower developers\u201d on the platform, ensuring that development on Avalanche won\u2019t cease.\u00a0 Retro9000: Up to $40m in retroactive grants for Avalanche L1s \ud83d\udd3a This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best\u2013innovate and build. More on Retro9000 \ud83d\udc47 pic.twitter.com\/qNXzosMV14 \u2014 Avalanche \ud83d\udd3a (@avax) September 26, 2024 \u201cWhile the current blockchain landscape offers countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging,\u201d stated Avalanche in a recent blog post.\u00a0 The program works by ranking submissions in a public leaderboard, allowing developers to build publicly, and allowing a community to form around their projects. However, the main focal point for the rewards system is the developers that test and ship their finished projects on the mainnet, further enhancing on-chain growth on the platform.\u00a0 Retro9000 is mainly concerned on the upcoming Avalanche9000 network upgrade. The program allows developers of all sizes to keep try the new developer environment whilst keeping the economic barrier low through funding using the $40 million allotted for the program.\u00a0 The cryptocurrency wallet and portfolio protocol, Core, said it would support its upcoming network upgrade, Avalanche9000, which will feature the Interchain Messaging Protocol (ICM). It promises much easier crosschain communication, thereby improving the user experience on this platform. Testnet builders, as you&#8217;re building out your L1 or L1 tooling on testnet, keep in mind that Core is helping cut your dev time by optimizing for the ability to move assets between chains and providing easy access to testnet support. Read more about Core&#8217;s support of the ICM\u2026 \u2014 Core \ud83d\udd3a | Crypto Wallet &amp; Portfolio (@coreapp) September 26, 2024 Avalanche: Investors Aim To Break Through $30.11 &#8211; Is This Possible?\u00a0 With solid on-chain development occurring on Avalanche, AVAX bulls have set their eyes on the $30.11 resistance level which will open the door for a return on the $33.08 price level. If this occurs, investors and traders are in with huge gains in the medium to long-term.\u00a0 Although the market environment is inherently bullish, the relative strength index (RSI) of the token remains strained by the near-constant upward trajectory that AVAX has followed in the past two weeks, possibly putting AVAX\u2019s short term gains at risk.\u00a0 Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% \u2013 Details If the token does get rejected by the $30.11 resistance, the bulls can rely on AVAX\u2019s present support level at $26.79 for long-term movement.\u00a0 Featured image from Medium, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":644994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,9885,83347,428,6664],"class_list":["post-644983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-avalanche","tag-avax","tag-bitcoin","tag-crypto"],"acf":[],"yoast_head":"\n<title>Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers<\/title>\n<meta name=\"description\" content=\"As the market continues its bullish climb, Avalanche (AVAX) keeps on garnering investor interest as new developments drive growth on the platform. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/www.shenyangcang.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers","url":"http:\/\/www.shenyangcang.com\/news\/avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_c3a626.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_c3a626.png?fit=1200%2C630"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","avalanche","avax","bitcoin","crypto"],"dateCreated":"2024-09-27T20:00:59Z","datePublished":"2024-09-27T20:00:59Z","dateModified":"2024-09-27T20:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/avalanche-avax-25-surge-fueled-by-new-initiatives-to-support-developers\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_c3a626.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_c3a626.png?fit=1200%2C630\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"avalanche\",\"avax\",\"bitcoin\",\"crypto\"],\"dateCreated\":\"2024-09-27T20:00:59Z\",\"datePublished\":\"2024-09-27T20:00:59Z\",\"dateModified\":\"2024-09-27T20:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/a_c3a626.png?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/644983"}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=644983"}],"version-history":[{"count":5,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/644983\/revisions"}],"predecessor-version":[{"id":645061,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/644983\/revisions\/645061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/644994"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=644983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=644983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=644983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}