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Or Avx is one of the largest cryptocurrencies, with a market capitalization of few less than $ 8 billion. The price of the token at that time is $ 18.95. To what extent is AVAX well positioned to pump and what price prediction can we expect it to reach?
AVAX is a decentralized intelligent contract of intelligent contract which aims to resolve one of the most discussed crypto trilemmas: scalability, decentralization and security. Is it possible to go beyond the eminent actors of the world of cryptography like Ethereum, Solana or even Bitcoin?
Avax past, present and future
Professor Cornell Emin Gün Sirer is the creator of Avalanche and also the founder of Ava Labs, alongside Kevin Sekniqi and Maofan “Ted” Yin. In early 2018, a pseudonym group called Team Rocket released a white paper different from the one that Satoshi Nakamoto proposed. Later, a teacher revealed that he and his team were behind this document.
Good day of avalanche! Two years ago, Team Rocket unveiled the White Paper Avalanche and brought a completely new approach to the consensus.
Film credits @louisbaguenault pic.twitter.com/h2pjohfh9e
– Simin gün sire
(@ el33th4xor) May 16, 2020
(@ el33th4xor) Discover: Top 20 crypto to buy in April 2025
In 2019, Emin founded Ava Labs and began to build avant by using the White Paper published by Team Rocket. The first launch of Testnet MI-2020 has occurred; His name was Denali. The developers had, for the first time, the possibility of testing network capacities and the deployment of smart contracts.
Shortly after the end of 2020 Mainnet followed. Ava Labs officially launched the Avalanche Mainnet. Avax Token has been put online and users could exchange, widen, validate and build decentralized applications (DAPP). At the beginning of 2021, Ava Labs launched Avalanche Rush, which was a huge game for DEFI projects.
They announced an incitement program for the liquidity exploitation of $ 180 million which attracted major players like Aave and Curve. This throws visibility in the DEFI sector, which until this moment was a little hidden from the merchants. Flamed in the DEFI season, and many developers have started to create new projects, attracting not only money for retail for retail but also institutional players.
1 / Couple of rapid statistics on the AVAX ecosystem:
– TVL has just increased ATH at 2.6 billion dollars since the parabolic rise when Avalanche Rush has been announced
– TVL has increased ~ 10 times since the announcement and continues to climb. pic.twitter.com/wmyz2h4csl– Wangarian (@ 0xwangarian) September 16, 2021
Subsequently, they introduced subnets, which allowed developers to personalize cryptographic networks under the Avalanche network. In 2023, AVAX teamed up with Amazon Web Services (AWS), which accelerated the adoption of cryptography and injected fresh money into the world of cryptography.
Avalanche against other Crypto competitors.
One of the best improvements that AAX A is consensual design. Probabilist metastable consensus which uses reproducible subchants and “gossip” between nodes. In other words, this has led to an almost instantaneous transaction purpose (~ 1 to 2 seconds).
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In addition, the transaction per second (TPS) is also the highest of all, amassing more than 4,500 against only 30 for Ethereum. To put it differently, they found something that no one else has found at the moment. They divided their chain into 3 rooms. Tri-chain architecture ended in X chain, C chain and P. chain.
The X channel was responsible for creating and transferring assets. It was the exchange on which people could make these fast transactions. The C chain was compatible by Ethereum Virtual Machine (EVM), allowing developers to create ETH DAPPS on avalanche without hassle. In addition, it was based on Solidey, which allowed the developers to copy and paste the code with little or no modifications to the code. The P channel was responsible for the development, validators and the creation of subnets.
Not only did this architectural design brought transaction fees for a fraction of a hundred, but also managed to reach high BVs.
Price prediction AVAX and technical analysis
Right after the announcement of Avalanche Rush and Defi Summer in November 2021, Avx reached a summit of $ 146.
(source))
In one way or another, it did not last long, and when the bear hit the 2022 market, the price went to one of the lowest points of about $ 18 to $ 20 per token. Nevertheless, this did not disturb the real believers, and after a long year of consolidation price was almost 3X.
Currently, the price is comfortably seated in one of the greatest supports of the weekly deadline. Forming a descending triangle motif, which generally ends with the rupture of the resistance and the pumping of high time.
This would lead a gathering to the next resistance, which is at ~ 6o of brand. In addition, RSI 14 seems to have the lowest, moreover, in addition to solidifying our thesis that ADAX prepares a pump.
(source))
In lower time, things remain the same, while waiting for certain catalysts to induce the start of the next pump. With the recent geopolitical situation, it is a really difficult job, but that does not discourage crypto lovers. When the time comes, traders who have obtained their bags will sit and monitor how the figures are increasing.
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Main to remember
What is Avx?
Price prediction AVAX and how to position yourself accordingly.
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