Avalanche (AVAX) reached #10 by market cap, passing both Dogecoin and Shiba Inu in the past 24 hours. The so-called Ethereum killer is not the second crypto’s only competitor. There are five other Layer-1 tokens that directly compete with Ether. Here’s where to buy AVAX now.
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What is AVAX?
Avalanche functions as a platform for decentralized applications and custom blockchain networks. It aims to displace Ethereum by having a higher transaction output – up to 6,500 transactions per second – but not at the expense of scalability. This is made possible by Avalanche’s unique architecture.
Supporters of the token launched a fund called Blizzard earlier this month, which registered an impressive $220 million in seed funding from participants the likes of CMS Holdings, Three Arrows Capital, and Dragonfly Capital.
Should I buy AVAX today?
Ever since Ava Labs CEO Emin Gün Sirer announced a tie-up with “Big Four” accounting firm Deloitte on Nov. 16, AVAX has been rallying. What’s more, top stablecoin Tether announced support for the Avalanche blockchain on Wednesday last week. Its future looks bright.
AVAX price prediction
According to Wallet Investor, a long-term increase in AVAX’s price is expected. The price prognosis for 2026 is $333 per 1 AVAX. If you put $100 in AVAX now, your investment may be up 147% in 5 years.
AVAX on social media
https://twitter.com/Kriptoadam48/status/1462400583575523330
Check out my #AVAXUSDT analysis on @TradingView: https://t.co/f8vHJDwIpJ
— Dobromir Zlatev (@HodlYourBreath) November 21, 2021
