Avalanche is a unique layer one blockchain and one of Ethereum’s biggest rivals. It was among the coins that registered the smallest losses in the recent bear run on the market. It has been gaining steadily since, still ahead of Shiba Inu by market cap. Here are the best places to buy Avalanche now.
Top places to buy Avalanche now
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What is Avalanche?
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
Should I buy Avalanche today?
Avalanche started 2021 at $11.00. Now, it’s trading for about $85, which is an increase by almost 670% from the beginning of the year. It can be a promising investment, but take price predictions with a grain of salt.
Avalanche price prediction
According to Coin Price Forecast, Avalanche will reach $105 by the end of this year. In the first half of 2022, the Avalanche price will reach $173 and gain another $123 in the second half, ending the year at just below $300. This is an increase of almost 250% compared to the current value.
Avalanche on social media
1,200 validators on #Avalanche–all helping keep Avalanche secure and processing transactions on-chain.
— Jay Kurahashi-Sofue 🔺 (@jayks17) December 10, 2021