{"id":561267,"date":"2023-11-18T01:00:22","date_gmt":"2023-11-18T01:00:22","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=561267"},"modified":"2024-06-11T10:41:27","modified_gmt":"2024-06-11T10:41:27","slug":"bullish-sentiment-surrounds-avax-price-as-republic-adopts-avalanche-blockchain","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bullish-sentiment-surrounds-avax-price-as-republic-adopts-avalanche-blockchain\/","title":{"rendered":"Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Tech firm Republic has recently announced its mission to democratize private market investing, with the selection of Avalanche as the platform for launching its profit-sharing digital asset, the <\/span><a href=\"https:\/\/x.com\/avax\/status\/66737139?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Republic Note<\/span><\/a><span style=\"font-weight: 400\"> (R\/Note). <\/span><\/p>\n<p><span style=\"font-weight: 400\">The R\/Note is a revenue-sharing digital security that is backed by Republic&#8217;s private equity portfolio, which includes over 750 assets.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Republic And Avalanche Forge Partnership<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to Republic\u2019s <\/span><a href=\"https:\/\/republic.com\/note\/avalanche\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announcement<\/span><\/a><span style=\"font-weight: 400\">, Avalanche was chosen for several key reasons. Firstly, its scalability and speed ensure that Republic Note holders can enjoy seamless and cost-effective transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, Avalanche has established partnerships with renowned brands like <\/span><a href=\"https:\/\/www.ktsl888.com\/news\/xday-event-day-2-google-amazon-binance-labs-and-a-chat-with-sunny-aggarwal-multiversx\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Amazon Web Services<\/span><\/a><span style=\"font-weight: 400\"> and Mastercard, highlighting its technical capabilities. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, Republic plans to launch a dedicated Subnet on Avalanche next year, offering a purpose-built network specifically designed for the Republic Note.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This will provide enhanced security, privacy, and regulatory compliance, creating a robust digital security environment.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/is-40000-next-unpacking-4-reasons-behind-bitcoins-emerging-rally\/\" target=\"_blank\" rel=\"noopener \">Is $40,000 Next? Unpacking 4 Reasons Behind Bitcoin\u2019s Emerging Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">Mission alignment between Republic and <\/span><a href=\"https:\/\/www.ktsl888.com\/avalanche\/firewood-avalanche-avax-20\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Ava Labs<\/span><\/a><span style=\"font-weight: 400\">, the team behind Avalanche, is another crucial factor. Per the announcement, both entities share a commitment to fostering a more inclusive future for financial markets through tokenization. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Avalanche&#8217;s \u201ceco-friendliness\u201d sets it apart from other blockchains, consuming significantly less energy, per the announcement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The pre-sale of Republic Notes has already attracted participation from thousands of individual retail investors, resulting in pre-sales exceeding $30 million. The public listing of the Republic Note is scheduled for December.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Optimism For AVAX Price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The partnership between Republic and Ava Labs is anticipated to have a positive impact on the<\/span><a href=\"https:\/\/www.ktsl888.com\/news\/avalanche-avax-rumbles-with-45-rally-rules-top-20-coin-listing-today\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> AVAX price<\/span><\/a><span style=\"font-weight: 400\">. The launch of the Republic Note on Avalanche&#8217;s platform establishes a strong foundation for expanding its reach to a global audience of investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite a 5% decline in the past 24 hours, AVAX has outperformed major cryptocurrencies such as <\/span><a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-open-interest-19-month-high\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Bitcoin <\/span><\/a><span style=\"font-weight: 400\">(BTC) and Ethereum (ETH), with a 130% rally over the past 30 days, positioning itself as one of the industry&#8217;s top performers.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/b7LfSW0L\/\" alt=\"Avalanche\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">AVAX&#8217;s price correction over the past 24 hours on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">AVAXUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">However, it is important to note that AVAX has recently undergone a correction, and its ability to surpass the $20.64 level will be crucial in determining its prospects amidst the ongoing <\/span><a href=\"https:\/\/www.ktsl888.com\/avalanche\/avalanche-shines-with-a-31-rally-can-avax-bulls-maintain-push-to-22\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">bullish momentum<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> Resistance levels at $21.59 and $22.74 have proven challenging for AVAX to breach and consolidate since February 2023.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/cardano\/cardano-breakout-1600-6-5\/\" target=\"_blank\" rel=\"noopener \">Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5<\/a><\/div>\n<p><span style=\"font-weight: 400\">Overall, the forthcoming launch of the Republic Note on Avalanche&#8217;s mainnet is a significant milestone in making the asset accessible to pre-sale participants who have contributed over $30 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It remains to be seen whether this partnership can further bolster AVAX&#8217;s price and reinforce the positive trend observed over the past 30 days, potentially driving AVAX to new yearly highs in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The collaboration between Republic and Ava Labs underscores their shared vision of democratizing access to private markets through tokenization.\u00a0<\/span><\/p>\n<p>Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech firm Republic has recently announced its mission to democratize private market investing, with the selection of Avalanche as the platform for launching its profit-sharing digital asset, the Republic Note (R\/Note). The R\/Note is a revenue-sharing digital security that is backed by Republic&#8217;s private equity portfolio, which includes over 750 assets. Republic And Avalanche Forge Partnership According to Republic\u2019s announcement, Avalanche was chosen for several key reasons. Firstly, its scalability and speed ensure that Republic Note holders can enjoy seamless and cost-effective transactions.\u00a0 Notably, Avalanche has established partnerships with renowned brands like Amazon Web Services and Mastercard, highlighting its technical capabilities. Additionally, Republic plans to launch a dedicated Subnet on Avalanche next year, offering a purpose-built network specifically designed for the Republic Note.\u00a0 This will provide enhanced security, privacy, and regulatory compliance, creating a robust digital security environment. Related Reading: Is $40,000 Next? Unpacking 4 Reasons Behind Bitcoin\u2019s Emerging Rally Mission alignment between Republic and Ava Labs, the team behind Avalanche, is another crucial factor. Per the announcement, both entities share a commitment to fostering a more inclusive future for financial markets through tokenization. Furthermore, Avalanche&#8217;s \u201ceco-friendliness\u201d sets it apart from other blockchains, consuming significantly less energy, per the announcement.\u00a0 The pre-sale of Republic Notes has already attracted participation from thousands of individual retail investors, resulting in pre-sales exceeding $30 million. The public listing of the Republic Note is scheduled for December.\u00a0 Optimism For AVAX Price The partnership between Republic and Ava Labs is anticipated to have a positive impact on the AVAX price. The launch of the Republic Note on Avalanche&#8217;s platform establishes a strong foundation for expanding its reach to a global audience of investors.\u00a0 Despite a 5% decline in the past 24 hours, AVAX has outperformed major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), with a 130% rally over the past 30 days, positioning itself as one of the industry&#8217;s top performers. However, it is important to note that AVAX has recently undergone a correction, and its ability to surpass the $20.64 level will be crucial in determining its prospects amidst the ongoing bullish momentum. Resistance levels at $21.59 and $22.74 have proven challenging for AVAX to breach and consolidate since February 2023. Related Reading: Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5 Overall, the forthcoming launch of the Republic Note on Avalanche&#8217;s mainnet is a significant milestone in making the asset accessible to pre-sale participants who have contributed over $30 million.\u00a0 It remains to be seen whether this partnership can further bolster AVAX&#8217;s price and reinforce the positive trend observed over the past 30 days, potentially driving AVAX to new yearly highs in 2023. The collaboration between Republic and Ava Labs underscores their shared vision of democratizing access to private markets through tokenization.\u00a0 Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":561268,"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":[84708,9885,84461,89177,87413,87280,87282,83347,89169,86413,86505,86772,89227,89170,86411,88018,86511,83609,6664,1558],"class_list":["post-561267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ava-labs","tag-avalanche","tag-avalanche-avax","tag-avalanche-bears","tag-avalanche-ecosystem","tag-avalanche-network","tag-avalanche-price","tag-avax","tag-avax-news","tag-avax-price","tag-avax-price-analysis","tag-avax-price-btcusd","tag-avax-prices","tag-avax-token","tag-avax-usd","tag-avax-usdt","tag-avaxusd","tag-avaxusdt","tag-crypto","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain<\/title>\n<meta name=\"description\" content=\"Tech firm Republic has recently announced its mission to democratize private market investing, with the selection of Avalanche blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/bullish-sentiment-surrounds-avax-price-as-republic-adopts-avalanche-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bullish Sentiment Surrounds AVAX Price As Republic Adopts Avalanche Blockchain\" \/>\n<meta property=\"og:description\" content=\"Tech firm Republic has recently announced its mission to democratize private market investing, with the selection of Avalanche blockchain.\" \/>\n<meta property=\"og:url\" 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