Avalanche (AVAX) worth is up, however do fundamentals help the rally?

(AVAX) witnessed a meteoric begin to 2023, gaining 98% in 30 days, and merchants at the moment are interested by whether or not the rally will lengthen all through February. AVAX’s year-to-date positive aspects for 2023 have outpaced these of (BTC) and Ether (ETH).

Latest causes for AVAX’s rally may be attributed to an Amazon (NASDAQ:) partnership announcement on Jan. 11. The partnership is supposed to simply deploy nodes on the Avalanche blockchain with Amazon Internet Companies (AWS). Ava Labs, which helps the Avalanche ecosystem, hopes the partnership will increase blockchain utilization for enterprises and governments.

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