Avalanche has announced the commencement of discussions with the new administration in the United States, generating significant buzz within the crypto community. Emin Gün Sirer, CEO of Ava Labs, indicated that this development could positively impact the price of Avalanche (AVAX). Following the announcement, there was a rapid increase in AVAX’s price.
AVAX Price and Market Reaction
On December 2, Emin Gün Sirer confirmed that Avalanche has begun negotiations with the incoming Trump administration. He emphasized that the focus would be on achieving tangible results rather than publicly showcasing political connections. Sirer reassured market participants by stating, “You won’t see our political connections on social media. You will see results suddenly, in true Avalanche style.”
After the announcements, AVAX’s price rose by approximately 5%, reaching $47.17. During the day, AVAX traded between $43.91 and $48.98, recording a 151% increase in 24-hour trading volume, which totaled $1.83 billion. Analysts noted that the price could be progressing toward a target of $50, strengthening Avalanche’s short-term outlook.
Connection Between Trump Administration and Ripple
Actions regarding crypto policies from the Trump administration have also stirred activity in other cryptocurrencies. Speculation about Ripple 
$2 CEO Brad Garlinghouse being nominated for a “Crypto Czar” position led to an increase in XRP’s price. Similarly, Avalanche’s negotiations with the U.S. administration are viewed as a long-term confidence signal for AVAX.
CoinGape Media’s analysis suggests that AVAX has the potential to reach the $50 target. Additionally, the recent Avalanche9000 testnet update supports these optimistic expectations. Experts believe that the ongoing discussions with the Trump administration could lead to a sustained increase in AVAX’s price.
The Avalanche community expresses that these talks are likely to impact AVAX’s long-term value. Market participants indicate that this strategic move reinforces the company’s goal to become one of the global leaders in cryptocurrency.
