Last year was fairly dynamic for Avalanche (AVAX) as It was marked by a string of major partnerships including the ones with the gaming company BLRD and a key provider of cloud computing infrastructure – Amazon’s (NASDAQ: AMZN) AWS.
In the final months of 2023, AVAX was also making interesting moves on the crypto market – both in terms of price and volume, which briefly surged in early October after Stars Arena was launched and before it suffered from a major hack.
On the price side, the cryptocurrency was one of the major winners of the fourth quarter rally and is up more than 187% compared to January 2023.
Still, it underwent a major decline, much like other major players on the market, following a Matrixport report stating that the SEC will, in fact, not approve a spot Bitcoin exchange-traded fund (ETF) before the second quarter of 2024.
Despite the decline and downward momentum, and – unlike Bitcoin (BTC) – failing to reclaim its recent highs, Avalanche is still substan
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