Avalanche Foundation Launches the Avalanche Card, Allowing Holders to Access Their Crypto Assets Seamlessly Around the World

The Avalanche Card allows holders to access their crypto assets – initially including AVAX, USDC, and USDT – seamlessly around the world either online or in-store.

Avalanche Foundation, in close collaboration with Rain, a Visa-powered crypto-backed payment card, announced the launch of the Avalanche Card during the mid-North American trading session on Monday, April 21, after months of meticulous research and development.

The Avalanche Card empowers users to effortlessly access their crypto assets, initially including AVAX, USDC, and USDT, for seamless spending either online or in-store, anywhere in the world. It is linked directly to a user’s self-custody wallet and will offer no conversion fees.

Avalanche’s Explosive Growth

The Avalanche network has blossomed into a vibrant web3 ecosystem, boasting more than $1.23 billion in total value locked and over $1.7 billion in stablecoins market cap. Over the past two years, the Avalanche network has been a beacon for institutional investors seeking to tokenize real-world assets.

For instance, BlackRock and Securitize launched the BUIDL fund on Avalanche Network and tokenized over $500 million. Citibank has also been exploring different blockchain use cases on the Avalanche network such as tokenization of RWAs.

AVAX Price Analysis

Since the beginning of 2025, AVAX price has been caught in a correction mode, sparked by macroeconomic factors and low demand for altcoins. Yet, the large-cap altcoin, boasting a fully diluted valuation of about $14.3 billion and a 24-hour average trading volume of around $343 million, might have finally reached its correction bottom and is prepared for market reversal.

In the daily timeframe, AVAX price has already burst out of a falling logarithmic trend established YTD. More importantly, the rally saw AVAX price rebounding from a crucial support level of around $16, which resulted in a double bottom coupled with a bullish divergence of the daily Relative Strength Index (RSI).

In the event of further crypto bullish sentiment, AVAX price is poised to surge at least 106 in the near term to trade above $40.

News data source: kdj.com

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