Topic: Avalanche [AVAX] can really get a famous platform for DeFi, store of value + NFT - page 2. (Read 215 times)

Yes, Updates need to come and Avalanche needs to improve every time to offer more functions. Like subnets and ILOs, it is big update for Avalanche and most important to reduce transaction fees much more, it will be included into next quarter update. A few weeks ago Avalanche said it has already around 100 team members and even more people building Apps (which are not from AVA Labs).

I find that the updates of the Avalanche ecosystem are really impressive, although the current Avalanche ecosystem is still quite rudimentary, but it can be seen that AVAX is having a pretty fast pace and completely capable the basis to become an ecosystem to attract the upcoming cash flow. And of course, the new trends that are appearing in the market are present on the Avalanche ecosystem.

I think this is one of my major success investment. Able to invest during ICO even though for small amount but luckily I was able to get it at a very low price. Have some vested period but its totally fine cause I believe in thr project potential and got a long term goal. Ive expecting it to do a same run like solana did. Many have used it and still many have joining the avalanche ecosystem. I wonder if this could pulled of like ethereum.

About cryptocurrencies in general, the use of cryptography in this way is a new knowledge. Avalanche represents one of the few successful projects with a great potential for progress in the near future. Avalanche ecosystem is rapidly expanding and may not need years to growth enough to compete with ETH2.0

For traders, it's a virtual currency with good return which will improve the trading volume.

Avalanche has a big advantage because new knowledge of cryptography was used when it was build.
It is like Ethereum 2.0 will be in a few years.

I see it at 200$ soon.

Avalanche has started a new phase of development recently and increased a lot in price. Investors have started exploring Avalanche and how it can be compared to Ethereum and DeFi. Experts have given Avalanche very high ratings since Avalanche started because Avalanche is developed by computer scientists from Cornell University but due to a lack of marketing, not many people noticed Avalanche because marketing at Binance was better.
But people have realized how established coins had disadvantages like hight fees for Ethereum (ETH), outdated tech for Cardano (ADA) and centralized tech for Binance. After Avalanche got more attention, people started to switch to Avalanche because Avalanche has many advantages:

- Avalanche has a capped supply proving AVAX as a store of value like Bitcoin
- Avalanche supports DeFi and NFT, a big advantage over older coins like Bitcoin and Cardano, which can't support DeFi and NFT
- Fees are burned at Avalanche since it started last year, and Ethereum copied recently Avalanche's idea because a coin can't afford to be not a store of value
- Cheaper fees at Avalanche
- Avalanche can scale and has no side effects because it's different from competitor coins and Avalanche is using Avalanche consensus for scaling, which was developed at Cornell University
- A good decentralisation also because of Avalanche consensus


Very bullish because it is to be expected to happen:
- Avalanche is not yet listed on coinbase. A listing would bringt a lot of USA people to invest
- YearnFinance has not launched on Avalanche, which will be increasing for Avalanche prices at least 10$ because so many people are hearing Andre Cronje's advice

Avalanche can really get a famous platform but has still a very low marketcap. It will be interesting to see Avalanche's progress.

What is your impression and where do you see Avalanche?