Topic: Avalanche [AVAX] can really get a famous platform for DeFi, store of value + NFT (Read 215 times)

If you don't care about the coin's development then you are presenting yourself as a bad investor but you still have a taste despite that because you pick the coins which has a potential already. Those coins can recover and do better for some time but if they don't try hard and develop then their value can't go higher or there is a chance that they will collapse.

@el kaka what you mean is potential alone is not enough but they need to show that the people that choose them are right for choosing them. I wouldn't wonder why many top projects choose eth. It is because it's more secure and advanced so don't compare avax to it but avax can surely compete with other altcoins.

Potential projects with me are in bear market, at bottom price, I consider them as potential ones for my portfolio. I don't care much about how their team will develop new technologies in future. It is not necessary for my decision. I don't speculate what they can achieve in future.

Price falls deep enough and is in accumulation phase that is where I will consider to participate in. I don't wait for their technology upgrades to take profit. Just news or whatever that can bring the price up, I will exit and it is enough for me.

I don't hold it too long and feel headache with it.

Avax has a great potential but you can go so far with just potential, they need to find a way to attract a ton of projects under their chain. I am not saying there are none, because there are a lot of them in small caps, but look at ethereum, there are literally tokens over a dozen of them in top 100 with ethereum blockchain.

So, if Avax keeps having a million other projects which doesn't even crack into top 1000, then it will not matter, because one project in top 20 would be bigger deal than one million of them out of top 1000, and Avax needs to find some there. Millions exchange hands, and all done in different projects, it needs to be on a few only.

Here is a great video about Avalanche, the best explanation I've seen so far https://www.youtube.com/watch?v=4GIsieFUXMw

I think if a true cryptocurrency could copy the multi-chain idea without necessarily using it PoS consensus mechanism, it will do better.

Besides , the project owners can't stop anyone for copying the idea because it definitely did not come from them.

Potentially to be the same as Solana. The ecosystem between sol and avax are pretty similar one to the each other. I have been also buying lots of XAVA as a preparation when this will become the big one like Solana. Avalanche was also integrated with EVM  unlike Solana which was not. I do believe avax will have a good progress in the future.


My impression was not so good at first time but with the goes of time more and more interesting development keep come to the avalanche and that makes me feel interested about I have been buying lots of avax when the price was so low. I'm also actively using this protocol and it's user friendly like BSC and POLYGON.

Can you make sure it can always be cheap for the future? because when a main coin that is usually used for Gas transactions increases or increases, then the effect on transaction fees will also be felt and will become expensive one day, so can you still be sure of this?

AVAX is always good to host project because the fee  after NFT, Metaverse and play to Earn hype soon ava will get the attention like solana and BSC did

but i saw recently the news that Ubisoft biggest game developer is trying do NFT hype on texos 

Yes, it was a very good coin for HOLD and still is a good coin for HOLD and it is also a very good coin for NFT. Fees will get cheaper every time an Apricot is launched.

And yes, it was a problem for Crabada game because Crabada devs miscalcualted circulating supplies for crabs and didn't create enough crabs. It can be easily solved by Crabada devs to re-calculate it.

Avalanche is just amazing with its protocol built for Defi applications. I see it is well-positioned in the crypto space with huge growth has yet to come. Additionally, I see the Binance Smart Chain ecosystem adds a lot of value to Avalanche. This ecosystem is the backbone behind recent projects, like the ones targeting the Defi space, naming DeFiChain, and the recent CatenaX projects. So, yes, with more consistency, Avalanche will be famous.

Perhaps, this AVAX was one of the good altcoins to invest then hold for the long term as well.
And this recently, there is one of the NFT games under by AVAX who is launched or it could be upcoming launch,
where I think it could be nice to play to earn but the thing problem is that the price of the NFT character was
too expensive so far. But the game used AVAX platform.

Avalanche will release ILO about Cannabis soon: https://www.theblockcrypto.com/post/122044/first-tokenized-lawsuit-fund-goes-live-on-republic-will-distribute-on-avalanche

It will be about legalizing Cannabis and maybe some Cannabis industry people will buy Avalanche. 

If we consider all remaining updates and how long Avalanche mainnet is live (it's only 1 year old), we are still very early and we are also very early in general for Blockchain technology.
For Avalanche very recently new updates like lower fees, subnets and initial litigation offerings (ILO) can create a new way for Blockchain to get significant.

It is also still very early for Blockchain tech because development needs time and slowly already established concers are researching about Blockchain for innovation of internal processes.

AVAX has come along way in such a short period of time. I as well am a big supporter of AVAX and I feel like I got in a bit late. I have been very impressed with the team behind it and many of the projects and roadmap that they have. I dont know if it will ever overtake ETH but it is going to be a solid competitor for many years.

When Avalanche Rush will start next week, experts predict a large swap from Ethereum funds to Avalanche when DeFi platforms Aave and Curve will be started on Avalanche.
Developers have already announced a large initiative for building new DeFi, especially because Avalanche has fast transactions, what enables a completely new strategy for DeFi to generate more effective procedures.

Long term this project will be more valuable and useful as well when all necessary developments in place and users can fully take advantage of all the services available, I miss buying avax when the price was reasonable but at this rate not bad for a long term goal, you should hold your coins, you are lucky.

This is already happening and now Ethereum supporters are calling all of these other PoS coins as "centralized" and pointing out the team allocations etc while comparing the same with Ethereum (Not that it was itself democratized in any way since beginning). All of this is happening while Ethereum itself is planning to move to L2.

I agree that it is better to have more options in the L1 space. All of these will anyways never be PoW. So, in away, they'll always be centralized. If there is a market for trading of stablecoins and all sorts of new projects which give back insane returns, then there is no reason that smaller players should be priced out by Ethereum fees while those sitting on thousands of Eth from the early days buy up all the liquidity, all the IEOs and make the smaller players pay for their rent.

With platforms like Solana and Avax, people just have option to use cheaper fees to try and trade shitcoin against each other. Whoever gets out first before the inevitable dump cycle begins for those platform on the platform projects, wins. When you've won enough of these farming pump and dumps, you can go back to getting some stability in the form of BTC.

Anybody who stays invested only in these PoS coins with all of their portfolio will eventually be left behind by one of the coordinated dumps that they can never be part of. So, Always trade some of your PoS coins for WBTC. The fee maybe high to come back to the on-chain network but having WBTC on some of these alternate chains can keep your portfolio risk-free and balanced in the long term.

Another alternative for Ethereum.
After Solana's popularity exploded, the a huge possibility that Avalanche (AVAX) will be the next. For me, Layer 1 network alternatives for Ethereum are ok for the cryptocurrency community, adoption and innovation are growing.
I am just afraid that people will start comparing or fighting for their layer 1 chains, like AVAX, Solana, and other chains. But overall, I am happy to see Avalanche is growing fast, it is helping the DeFi grow more.

I hope Emin will use his knowledge and position as a Cornell University professor to bring Avalanche broadly to academic research. In crypto, still a lot of research needs to be done and Avalanche as a progressive concept has already signalled to be willing to make trials for subnets. A subnet is an independant part of a chain, also based on Avalanche but can be programmed independantly before it starts. A lot of experimentation could be done on subnets in a safe environment.

With the 222.6% increase in the last 30 days, you can really tell that their development and updates are thumbs up for the investors. I'm sure their platform will be one of the trends in the upcoming trends since the metaverse will about to get popular with the help of massive gains of the NFT worlds. I think the best platform to be partnered with those platforms, is the current build of the Avalanche. I'm pretty sure that they will develop it into some lost lasting project and we will be sure that our hodl will be for long term if we ever wanted to buy their coins.