Avalanche's native token, AVAX, is currently trading at $28.87, reflecting a 5.61% increase in the last 24 hours. This significant growth follows the announcement of Avalanche's integration with Chainlink and the upcoming Avalanche Summit LATAM.
Tickets for the Summit LATAM can now be purchased and are available through Avalanche's official X account, according to a recent report from the project's official X handle.
Why Avalanche (AVAX) is soaring
The third summit meeting is taking place in Buenos Aires, Argentina. It starts on October 16 and will continue until October 18.
Summit LATAM allows developers to see innovations, learn about the latest Avalanche updates, and meet like-minded creators building the future of Web3. Tickets to LATAM are free for LATAM developers and university students, but they cost $500 for everyone else.
Among the speakers are Emin Gün Sirer, CEO of Ava Labs, and John Wu, President of Ava Labs. Topics include technology, gaming, and dApps. The sessions are useful for experienced and lay developers. Avalanche provides a scalable, secure, and interoperable platform that enables developers to create cutting-edge gaming experiences.
There will also be a showcase of the dApps transforming how people interact with technology and information.
Furthermore, Chainlink Data Streams has launched on Avalanche, according to a press release dated June 27. The announcement was made by Chainlink, Avalanche, and GMX, a leading on-chain spot and perpetual exchange offering liquid markets for top cryptocurrencies. GMX uses the streams to power its decentralized perpetual exchange. Data Streams unlocks a new generation of valuable DeFi markets on Avalanche.
The partnership aims to perfect the user experience, bringing it up to the level of centralized exchanges while providing tried-and-true security infrastructure and unprecedented on-chain execution speed.
Avalanche price prediction
Analysts are bullish on Avalanche. On average, it’s predicted that the AVAX price will reach $30 on July 1 and $33 on July 2, corresponding to an increase of 13% and 22% from the present value, respectively. Analysts predict it may go up to $55.46 by January 2025.
According to TradingView, however, oscillators indicate a buy and moving averages - a sell. The overall sentiment is neutral. This suggests a temporary increase, which is only due to the news. The AVAX price is far from its all-time high of $144.96, which it reached on November 21, 2021.
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