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The AVAX/USD avalanche soared over 27% in just hours after Ava Labs’ partnership with Amazon Web Services was established.
What happened: Ava Labs joined the AWS Partner Network, giving it the ability to reach over 100,000 partners worldwide and help accelerate enterprise adoption of blockchain. institutions and governments.
At the time of writing, AVAX was trading at $16.
Howard Wright, Vice President and Global Head of Startups at AWS, said: “For the future, web3 and blockchain” [are] inevitable. No one can call the time, date or quarter when this is going to happen and it will be common, but we have seen the growth cycles before.
See more: Best Crypto Day Trading Strategies
AWS says on its website that around a quarter of Ethereum ETH/USD workloads run on its platform, with several blockchains already taking advantage of its services.
Price Action: Apex crypto Bitcoin (CRYPTO:BTC) was trading at $18,218, up 4.36%, in the past 24 hours, according to Benzinga Pro. ETH was trading at $1,402 higher of 5.10%, in the last 24 hours.
Read next: FTX claims to have recovered over $5 billion, but extent of customer losses unknown
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