Avalanche [AVAX] can really get a famous platform for DeFi, store of value + NFT

[asriloni]

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

Potentially to be the same as Solana. The ecosystem between sol and avax are pretty similar one to the each other. I have been also buying lots of XAVA as a preparation when this will become the big one like Solana. Avalanche was also integrated with EVM  unlike Solana which was not. I do believe avax will have a good progress in the future.

What is your impression and where do you see Avalanche?

My impression was not so good at first time but with the goes of time more and more interesting development keep come to the avalanche and that makes me feel interested about I have been buying lots of avax when the price was so low. I'm also actively using this protocol and it's user friendly like BSC and POLYGON.

[Ucy]

I think if a true cryptocurrency could copy the multi-chain idea without necessarily using it PoS consensus mechanism, it will do better.

Besides , the project owners can't stop anyone for copying the idea because it definitely did not come from them.

[Robert Black]

Here is a great video about Avalanche, the best explanation I've seen so far https://www.youtube.com/watch?v=4GIsieFUXMw

[el kaka22]

Avax has a great potential but you can go so far with just potential, they need to find a way to attract a ton of projects under their chain. I am not saying there are none, because there are a lot of them in small caps, but look at ethereum, there are literally tokens over a dozen of them in top 100 with ethereum blockchain.

So, if Avax keeps having a million other projects which doesn't even crack into top 1000, then it will not matter, because one project in top 20 would be bigger deal than one million of them out of top 1000, and Avax needs to find some there. Millions exchange hands, and all done in different projects, it needs to be on a few only.

[tbct_mt2]

Avax has a great potential but you can go so far with just potential, they need to find a way to attract a ton of projects under their chain. I am not saying there are none, because there are a lot of them in small caps, but look at ethereum, there are literally tokens over a dozen of them in top 100 with ethereum blockchain.

Potential projects with me are in bear market, at bottom price, I consider them as potential ones for my portfolio. I don't care much about how their team will develop new technologies in future. It is not necessary for my decision. I don't speculate what they can achieve in future.

Price falls deep enough and is in accumulation phase that is where I will consider to participate in. I don't wait for their technology upgrades to take profit. Just news or whatever that can bring the price up, I will exit and it is enough for me.

I don't hold it too long and feel headache with it.

[doomloop]

Avax has a great potential but you can go so far with just potential, they need to find a way to attract a ton of projects under their chain. I am not saying there are none, because there are a lot of them in small caps, but look at ethereum, there are literally tokens over a dozen of them in top 100 with ethereum blockchain.

Potential projects with me are in bear market, at bottom price, I consider them as potential ones for my portfolio. I don't care much about how their team will develop new technologies in future. It is not necessary for my decision. I don't speculate what they can achieve in future.

Price falls deep enough and is in accumulation phase that is where I will consider to participate in. I don't wait for their technology upgrades to take profit. Just news or whatever that can bring the price up, I will exit and it is enough for me.

I don't hold it too long and feel headache with it.

If you don't care about the coin's development then you are presenting yourself as a bad investor but you still have a taste despite that because you pick the coins which has a potential already. Those coins can recover and do better for some time but if they don't try hard and develop then their value can't go higher or there is a chance that they will collapse.

@el kaka what you mean is potential alone is not enough but they need to show that the people that choose them are right for choosing them. I wouldn't wonder why many top projects choose eth. It is because it's more secure and advanced so don't compare avax to it but avax can surely compete with other altcoins.