[AVAX] Avalanche Speculation - price movement tracking & discussion

9TONNN

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Quote from: macson on April 30, 2021, 12:59:35 PM

i found a pretty interesting discussion about this token on YouTube....what do you think about this project, do you think that this year AVAX will be in the top 10! and does this have the potential to be used?

Avalanche is highly centralized. In fact it's far more centralized altcoin than XRP. But XRP's use case is acting as a bridge between TradFi and DeFi. I would not touch Avalanche for long-term speculation. Short term trades are okay for me.

macson

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the problem of network disruption is often something that disturbs investors in trusting an asset. With incidents like this, hopefully developers will pay more attention to updates from the Avalanche network.

Quote

Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage.

According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network.

“Developers across the community are currently investigating a stall in block finalization that is preventing blocks from being accepted on the primary network. Updates will be posted here as the issue is investigated.”

https://coinmarketcap.com/community/articles/65da9932f4678c5fc4337a41/

Is anyone still optimistic about the avalanche in the next bull run?

mich

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Well the $3 Million security exploit is not stopping Avak. After doing a security audit the social media dApp called Stars Arena is going to reopen soon on Avalanche.

https://tokeninsight.com/en/news/stars-arena-to-re-open-smart-contract-with-avalanche-founder-showing-support

tokeweed

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You know alt season is close when you see more and more of these older alt price speculation threads get bumped by the people who started them. Wink

Makes me happy.

But as for the chart... Doesn't look that good as of now. Sad

But def worthy to start putting it in the watchlist with the the other L1's. I'd expect the newer L1's and L2's like ARB and OP to lead the alt market trend tho.

macson

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Quote from: libert19 on June 03, 2023, 01:46:33 AM

I honestly do not understand purpose of so many evm chains, including Avax. Most of them pop-up because of congestion problem on Ethereum, meanwhile these same chains also get congested when they see bit of activity.

this is the reason, and i took this from an article that discusses the avalanche network;

Quote

The emergence of many new chains, including Avax and many others, has several goals:

Scalability: These chains generally offer the ability to process more transactions in less time, eliminating congestion issues.

Low Fees: With greater capacity, transaction fees can be lower than on a full main network.

New Features: Some new chains add new features, different smart contracts and other technical capabilities that may not be possible to implement on the main network.

it is also explained there that everyone is just trying to imitate the ethereum network and create other alternative networks to avoid congestion on the main network but that will not be very effective because security vulnerabilities will definitely still occur like bugs and others, while for avalanche, some investors believe in the team the developers so they are confident about the future of the avalanche network as well as the avax token.

libert19

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I honestly do not understand purpose of so many evm chains, including Avax. Most of them pop-up because of congestion problem on Ethereum, meanwhile these same chains also get congested when they see bit of activity.

dansus021

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AVax is EVM Chain compatible and chain like this is very popular because their capabilities of deploying smart contract. This coin and other evm chains like Aurora from near ftm or arbitrum and polygon has dozen of potential and has of lot use case.

and since this is price movement Im gonna share my chart and now the price of the Avax is at a huge discount 90% from the ATH although on daily candle still at below 200 EMA and lot of resistance there

dragonvslinux

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Personally I think this project will be a good buy in the future, but unlikely this year. I'd probably be a buyer around $4, as that's where most of the accumulation is and would be the usual 97%-98% retracement for a coin that does 50-100x in it's first cycle (like ETH did). Right now it doesn't look good with a big volume gap between $10 and $5, so breaking recent support should see another capitulation happen.

Against BTC it's a bit more obvious how bearish price is right now. It's been consistently making new lows over the past month or so and isn't even oversold yet on Weekly time-frame. This is more reflective of Bitcoin's general increasing market dominance this year, as opposed to specifically AVAX's failings of any kind, but regardless I don't think this will be a good buy until sometime next year.

Possibility against the dollar it could bottom out this year, but think it will take another year to bottom out against Bitcoin as is only down around 80% so far, whereas around 90%+ is more likely.

darewaller

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Quote from: Ludmilla_rose1995 on May 26, 2023, 08:05:18 AM

Quote from: mich on May 14, 2023, 11:33:32 PM

Well I still have my Avalance tokens after this time. And now there is another Airdop they are having for the community.

You can claim your $AVAK tokens. https://beacons.ai/avalancheavax_airdrops

is this legit? how long will their airdrop program last?

Be careful about this one. This looks like a scam to me plus I check the Avax community (e.g their Twitter accounts) for airdrops posts but I haven't found a single post related to it. You are not a new member here anymore, so I am sure that you are aware that Avalanche is not a new project anymore to conduct an airdrop.

Usually, it was only the newer projects who does that. That is because it is part on promoting their project. Despite of being an old project, I still see Avalanche sometimes in Twitter ads. I think they only do that, if they have a new development and it is still a great initiative to attract new people in crypto to check their project.

icalical

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For top 10, I think it's possible even though the possibility is quite small, AVAX need to compete with Solana and LTC at the very least, and also other emerging coin like Polkadot and Shiba. It's the Top DeFi coin anyway, one of only few DeFi project that actually works, so I think they got potential.

el kaka22

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I feel like having just 5% of your portfolio on Avax is not a bad idea. I am not saying that you are guaranteed to make a profit, but at the very least we are talking about making a bigger return or not losing too much. Lets assume that you have 100 dollars, 95 dollars of it is in something else, and 5 dollars is at avax, and avax crashes to zero, then you have 95 dollars left, in that case even a 5% return would make it back to 100+ again and you would be in profit.

This is why people diversify, it means that you are going to end up with a good profit if you could, and you are not going to end up with too much trouble if it goes south. I suggest keeping it at that level though, if it goes higher just sell some and get something else to balance it out.

TheSpiral

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Quote from: v3liana on May 22, 2023, 12:57:11 AM

AVAX is 5% of my portfolio, i like the projects but the delegation is something that bothers me, i think liquid staking is the way to go and what AVAX needs.
Their tech is actually top notch so i have hopes for this project.

Quote from: v3liana on May 22, 2023, 12:57:11 AM

AVAX is 5% of my portfolio, i like the projects but the delegation is something that bothers me, i think liquid staking is the way to go and what AVAX needs.
Their tech is actually top notch so i have hopes for this project.

Avax token is low at this moment and worth to invest but we should have this in mind that Avax is going to unlock 9.3 million token which is worth now more than 130 million $ on 27 may. This unlock can affect it's price and should be careful before buying Avax now. maybe from next month avax start rise up but we market is not looking positive at current moment. for long term i believe it will touch 50$.

Ludmilla_rose1995

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Quote from: mich on May 14, 2023, 11:33:32 PM

Well I still have my Avalance tokens after this time. And now there is another Airdop they are having for the community.

You can claim your $AVAK tokens. https://beacons.ai/avalancheavax_airdrops

is this legit? how long will their airdrop program last?

v3liana

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AVAX is 5% of my portfolio, i like the projects but the delegation is something that bothers me, i think liquid staking is the way to go and what AVAX needs.
Their tech is actually top notch so i have hopes for this project.

mich

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Well I still have my Avalance tokens after this time. And now there is another Airdop they are having for the community.

You can claim your $AVAK tokens. https://beacons.ai/avalancheavax_airdrops

Sirait

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Quote from: mich on January 12, 2023, 01:03:42 AM

Well this is big news of this partnership of AVAX and Amazon. AVAX is #17 on coinmarketcap with a $5 billion marketcap and is up more then 32% in this last week.
It is up almost 28% just in the last 24 hours! This is too bad that we are in a 'bear market' and not a 'bull market' right now or we could have seen gains of 100% or more. It is still some nice gains and rewards for the holders of this coin.

I still hold some of the AVAX that I bought when the price was $ 35, I still hope that AVAX will return to that price although the crypto market is still in an uncertain state, and I feel more relieved when I read about the collaboration between AVAX and AWS, the price continues to increase.

mich

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Well this is big news of this partnership of AVAX and Amazon. AVAX is #17 on coinmarketcap with a $5 billion marketcap and is up more then 32% in this last week.
It is up almost 28% just in the last 24 hours! This is too bad that we are in a 'bear market' and not a 'bull market' right now or we could have seen gains of 100% or more. It is still some nice gains and rewards for the holders of this coin.

macson

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based on a report from Techcrunch, amazon web service has been working with Avalanche.

[1] https://techcrunch.com/2023/01/11/aws-partners-with-avalanche-to-scale-blockchain-solutions-for-enterprises-governments/
[2] https://news.bitcoin.com/ava-labs-partners-with-amazon-web-services-to-accelerate-blockchain-adoption-avax-jumps-16/

tbct_mt2

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Avalanche looks to have good technology and its price has good growth that is support for its advanced technology. It means the community and investors realized the potential growth of AVAX from its great tech.

Price of AVAX can have pull back to $60 to $70 then it might make a new all time high. Personally price is not good to make your entry now. AVAX might move similar to Solana with a deep pull back before it rallies and breaks out for a new all time high.

ZAINmalik75

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Avalanche (AVAX) is in list of best e coin of smart contract providing projects . in smart contract the first best ever in my eye is ethereum ,after that Binance coin ,polkadot ,Solana and After that I add Avax in these list . Avax has launched project on his blockchain which really help them to bullish . I naught avax at 17$ now its almost hit 125$ around which mean its perform huge . i am sure if it continue its momentum it will beat solana

Topic: [AVAX] Avalanche Speculation - price movement tracking & discussion (Read 659 times)