Avalanche Gets A Privacy Boost: AvaCloud Launches eERC For Confidential Transactions

Key Points

1. Avalanche's AvaCloud launched eERC (Encrypted ERC), a privacy protocol for both permissioned and permissionless blockchains, enabling confidential transactions without compromising performance or EVM compatibility.

2. eERC supports use cases requiring data confidentiality, such as tokenized Real World Asset (RWA) trading and enterprise collaboration, while maintaining financial auditability.

3. AVAX price rebounded 15.34% this week, trading around $21.13 after testing the $16-$18 support zone, with increased volume suggesting renewed investor interest.

4. Avalanche remains below key resistance levels at the 50-week ($26.73) and 100-week ($28.13) SMAs, with a close above $28 potentially confirming a bullish trend.

5. The eERC launch positions Avalanche as a leader in privacy-focused blockchain applications, complementing its strengths in DeFi and RWA tokenization.