Avalanche Targets $8 as Institutional Adoption Strengthens
Avalanche (AVAX) continues to show signs of recovery as it attempts to rebuild momentum around $8. The network has seen a surge in institutional adoption and tokenization activity, which is expected to support its price.
Recently, AVAX climbed from around $7.19 on September 2 to above $8 by September 7, briefly holding the level before retreating. This move was followed by an increase in open interest, with traders positioning for further upside.
A technical analysis has identified $8.65 as a potential target if AVAX can establish another sustained move above $8. Fundamentals are also supporting the price setup, with Hanwha Investment & Securities building a tokenization platform on Avalanche and the network's C-Chain processing approximately 236 million transactions during Q2.
Meanwhile, DigiTap ($TAP) is offering no-KYC wallet access to users before its public market listing. The presale has already raised over $11.78 million, with more than 350 million TAP sold at a price of $0.0589. The beta app is available for download through the App Store and Google Play.
The DigiTap model includes staking, cashback, fee discounts, and VIP benefits, connecting the token to activity inside the payments ecosystem. A fixed maximum supply of 2 billion tokens and a plan to direct 50% of app fee profits toward open-market TAP buybacks and burns also strengthen the pre-listing argument.