The cryptocurrency market began Tuesday on a bullish note, with Bitcoin and Ether all racing to new monthly highs. AVAX, the native coin of the Avalanche blockchain, is up 4% in the last 24 hours. However, the coin has been consolidating below the $10 level over the past few days. The consolidation could be building up orders ahead of a big rally, with derivatives data indicating further upward movement in the near term. NHN KCP and Ava Labs enter a strategic partnership The primary catalysts behind AVAX’s positive performance are the rally by the broader crypto market and the partnership between Ava Labs and South Korea’s NHN KCP.
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