Avalanche9000 Rolls Out on Mainnet—Could It Propel AVAX to $70?

• Avalanche has launched Avalanche9000 on its mainnet, a major upgrade that will reduce deployment costs by 99.9% for Layer-1 blockchains.
• Avalanche900 harnesses the complete capabilities of the primary C-chain, allowing developers full control over staking, incorporating built-in geo-restrictions, and allowing for customizable permissions.

Avalanche9000, heralded as one of the most significant upgrades since its inception in 2020, has officially launched on the mainnet. As one of the prominent alternatives to Ethereum, Avalanche continues to expand and gain traction globally.

Avalanche is a multi-chain network comprising three distinct blockchains, each tailored for specific functions. The Exchange Chain (X-chain) is responsible for creating and trading digital assets, while the Platform Chain handles validator coordination and subnet management. Additionally, the Contract Chain focuses on executing smart contracts, allowing Avalanche to optimize performance across different operations.

Key Concepts of Avalanche9000

According to its announcement on X, the Avalanche 9000 upgrade introduces several pivotal features designed to significantly enhance the ecosystem’s functionality and user experience. The Primary Chain acts as the economic and foundational hub of the network, providing seamless liquidity flow to every other layer 1 (L1) chain. Notably, Avalanche9000 reduces the cost of deploying an L1 by 99.9%.

This interconnectedness ensures that all existing tools on the C-Chain are readily accessible for new Avalanche L1s, fostering innovation and development across the platform. As part of the upgrade, ACP-77 introduces significant changes to how validators operate, enabling developers to run their own production Layer-1s without the constraints of project size, thanks to a newly established cost-efficient structure. On top of this, ACP-125 reduces the minimum gas fee on the C-Chain by 96%, further enhancing affordability. Whether launching locally, on the Devnet, or via the free Fuji Testnet, creators now enjoy greater flexibility and access to resources, empowering them to build and innovate more effectively.

Additionally, Interchain Messaging (ICM) allows Avalanche’s L1s to coexist harmoniously and leverage interoperability. This feature promotes collaboration among various chains, optimizing their collective success and ensuring that the Avalanche ecosystem is both robust and primed for future advancements. 

Different applications have unique requirements: games demand speed, institutions seek customization and control, and DeFi applications require lower fees and interoperability. By launching your own Avalanche Layer-1, you can achieve specialized infrastructure tailored to these needs without the trade-offs typically associated with shared platforms.

Will Avalanche Break Through to $70?”

AVAX, the native token of Avalanche and the 11th largest cryptocurrency by market capitalization, began 2024 strong, peaking at $65.39 in March and currently trading 20% below that high, indicating potential for a breakout by year-end. Avalanche is favored by blockchain developers and is considered one of the best altcoins to buy due to its fast transactions and scalability.

The platform recently raised $250 million in private funding from Galaxy Digital and Dragonfly for upgrades and has made strides in the crypto gaming sector with the launch of “Off The Grid” in 2024, as per the CNF report. 

Avalanche’s price history indicates a notable upward trend that positions a price of $70 as very attainable. Despite its volatility, AVAX has increased 15.17% over the past year, holding a market cap of $20.47 billion. At press time, AVAX is valued at approximately $49.49, up from $40.39 a week ago. Furthermore, just a month ago, on November 17, Avalanche was priced at approximately $32.62.