Avalanche Launches ‘Evergreen’ Subnets for Institutional Blockchain Connectivity

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Today’s Cryptocurrency Headline

Avalanche developer Ava Labs is introducing new institutional deployments to improve the blockchain environment. Today, Ava Labs launched the Avalanche Evergreen subnet, a suite of institutional blockchain tools and custom solutions designed to meet the specific demands of companies for financial services. Inter-company communication on the Evergreen subnet is enabled using Avalanche’s native communication protocol, Avalanche Warp Messaging (AWM). AWM functionality provides native communication between any two blockchains across different Avalanche subnets.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin has experienced a slight decline of 0.52% over the past 24 hours, reaching an intraday low of $27,711.00. The largest cryptocurrency was trading in a tight range today as markets began to prepare for tomorrow’s non-farm payrolls report. The upward-sloping 20-day EMA and the RSI in positive territory suggest that bulls maintain the upper hand. If the BTC/USDT pair maintain above $28,000, the price could rise to $30,000.

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