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Over 150 Projects Building on Retro9000 Testnet: Time for Avalanche (AVAX) to Shine?
- More than 150 projects are building on Avalanche under the Retro9000 program ahead of a key snapshot event scheduled for April 2025.
- The projects include The Arena, Animalia, and L1Beat, with the initiative being a significant boost for AVAX and the entire Avalanche ecosystem.
- Retro9000 offers $40 million in funding to encourage developers to create Layer-1 blockchains on Avalanche, part of the Avalanche9000 upgrade.
- The Retro9000 testnet phase is ongoing, with developers required to submit their projects before the first snapshot on April 15, 2025.
- Avalanche9000 introduced features to enhance scalability, reduce costs, and improve efficiency, receiving positive feedback from the community.
- The introduction of ACP-77 enables permissionless validation, allowing Layer-1s to operate independently on Avalanche, potentially reducing costs.
- The Retro9000 program and Avalanche9000 upgrade could drive mainnet demand and potentially lead to an increase in AVAX prices.
- VanEck registering for an Avalanche ETF in Delaware has sparked optimism, with the possibility of an ETF approval showcasing institutional interest in AVAX.
- If AVAX finds support at $15, prices could recover and potentially surpass $30, making it a favorable choice for investors in 2025.
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