A US Nasdaq-listed company makes a groundbreaking announcement: rebranding as AVAX One and funneling over $700 million into the Avalanche ecosystem. Get the scoop on this game-changing move set to shake up the crypto scene.
Nasdaq-listed AgriFORCE Growing Systems has announced a radical pivot. The company will rename itself AVAX One and dedicate itself exclusively to the Avalanche blockchain. This decision makes AVAX One the first publicly-traded company to bet entirely on this rapidly expanding network.
Simultaneously, AVAX One has launched a capital increase aimed at raising more than $550 million. A first tranche of $300 million has already been secured from institutional investors via private placement.
AVAX One’s objective is to accumulate more than $700 million in Avalanche tokens. To achieve this, the group plans additional fundraising rounds. Beyond simple investment, AVAX One intends to become a “foundational partner” of the Avalanche ecosystem. This means it will actively contribute to the network’s development, in addition to holding its native token in significant quantities.
According to CEO Jolie Kahn, Avalanche represents “the foundation of the new financial economy.” This ambitious vision underscores the potential the company sees in this blockchain project.
The announcement boosted Avalanche (AVAX) price, which perfectly bounced from its demand zone at $29 with an impressive 19% increase. Currently testing a crucial resistance at $35, a rejection could push AVAX back to $32 before targeting $40.
Indeed, Avalanche is testing levels that could determine its first real trend reversal in years. A weekly close above $34 would confirm a historic bullish breakthrough, paving the way to a new peak. However, the real acceleration would only occur beyond $56, a level where the long-term trend would become fully bullish.
Investors are eagerly waiting to see if AVAX One will implement its ambitious plan. The success of this initiative could play a major role in strengthening Avalanche’s position in financial markets.
AVAX is on the verge of breaking out toward $40, offering potential gains of over 20%. Invest before a breakout of $34 with take-profit targets above $56. With AVAX One’s $550M fundraising, AVAX has become an essential altcoin.
Here’s how to buy it on Zoomex with an optimized strategy.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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