What is Avalanche?
Avalanche formerly known as AVA has built innovative consensus protocol that believe to create most scalable ecosystem. The platform that aim to become internet of blockchain, decentralized application, smart contract and payments system. Avalanche introduced Open source platform that allow user or developer create decentralized application and financial primitives. the platform highly focusing on interoperability where different blockchain can interact with each other.
The Avalanche was originally introduced in 2018 by distributed systems researchers with novel consensus protocol. Avalanche one of the of most advanced blockchain where it already solves existing problem such as Scalability, security, smart contract integration. Avalanche launch mainnet that execute higher performance, where it can fetch more than 4500 transactions per second with less than 3 sec approval time.
Being different from other Blockchain project Avalanche provides more advantages by reducing Sybil attacks and also introduced safety threshold. network uses proof of stake algorithm and has CPI optimal feature for energy efficiency. Avalanche also launched accelerator Avalanche-X that help developer for building dApps like derivatives, stablecoins, lending and core infrastructure with million user support. it also enables launching private and public blockchain and also allow to create and trade different digital asset.
Avalanche Price Prediction
|Month & Year||AVAX Price Prediction|
|All-time high||$15.09 USD|
|Exchange Platform||Binance, Huobi Global, BKEX, LBank, ZG.com|
|Raised by||$42,000,000 USD|
|Date of ICO||15th July 2020|
|ICO Price||$0.5 USD|
|Partners||White block, Polyient Games, Torus, Chainlink, Bilira, Andreessen horowitz, initialized(), polychain capital, abstract ventures, metastable,|
Avalanche Price Analysis
AVAX coin is now available for trading at one of the most successful crypto trading application i.e. “Binance“. This simply means that it got exposed to the more than 40% of cryptocurrency traders. Currently price of 1 AVAX is varying between $4 USD to $5 USD and it is expected by many crypto experts that it will grow further in coming few days/weeks. Avalanche project has a good amount potential to stand out and soon become part of Top 20 cryptocurrency in terms of market capitalization.
Looking at the current trend of DeFi applications and cryptocurrencies, future of AVAX looks brighter and better. The price of 1 AVAX coin could be $15 USD soon in coming few months or quarters.
AVA was schedule token sale in July 2020 where in less than few hours it raised $45 million USD. Avalanche again after launching main network it started listing their token on different trading platform with IOU i.e. I owe you. Binance market reported it open trading at $0.85 USD and as of writing it reaches $6 USD i.e. 24 hours all time high on 22nd September 2020. On other trading platform it already crosses $15 USD mark and so, comparing with ICO Price it is already hiked by almost 1000+%.
AVAX is utility token based on ERC20 Token on Ethereum Blockchain and it is serve as base unit of account on network. AVAX token holder will get base security and also help to pays for operation and also provides wide suite of utility services. AVAX token has uses for basic operation like p2p transaction, staking, network security, payments, storage and also use to create new blockchain. it also supported by synetworks i.e. network created on Avalanche Platform.
Can Avalanche Reach $40 USD?
Probably after 2 to 3 years.
How much AVAX worth in 2025?
It may worth more than $70 USD.
Is Avalanche a Good Investment?
Yes, considering trend of DeFi and dApps this project surely capture higher market volume in future.
Ava Labs finally launched mainet with open source platform anyone can easily create decentralized finance apps and also deploy enterprise blockchain with interoperable and scalable ecosystem. high performance blockchain with tons of positive factor and already solve problem like scalability, smart contract and DDOS attack protection. In coming month we could see AVAX token will make entry in top 100 highest market list.