AVAX discussion

[crypticj]

Despite believing that Altcoins are mostly high-risk investments, I think AVAX is a pretty solid one. Looking at this project I can see that it's evolving and growing so I feel like it's a good coin to buy.
But it's still an altcoin that can go to sh*t at any moment like Luna. So I want to hear your opinion crypto bros, what do you think about investing in AVAX?

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[wahyuagung26]

So I want to hear your opinion crypto bros, what do you think about investing in AVAX?

So far we cannot give solid statements and predictions, because this is an altcoin which we all know the development of Altcoins and projects, but regarding AVAX and based on my own view, it looks like AVAX will have good potential, and generate good impact for the investors, but it's back to the development team, that we don't want anything like the LUNA project last year.

[X-ray]

It's really worth investing in it as long as you were investing what you can afford to lose it. You have mentioned LUNA as a good story about how crypto with big marketcap can go down only in 5 days until it's dead.

FTX was another case that is pretty similar to the LUNA. I consider how many users actively used avax. Since there are many first and second layers blockchain being made and the transaction in avax native and c-chain has become less and less.

You can even check it by yourself https://snowtrace.io/charts

I suggest you move to the speculation thread if you wanna also discussing the price of avax. https://bitcointalk.org/index.php?topic=5334304.0

[OgNasty]

AVAX makes a lot of claims but the only project that I’m aware of on that chain is The Gimmicks NFT collection which moved there from Solana for an unexplained reason. I actually think that MATIC is a much better coin in that space with a lot more support and partners. They’re direct competitors so I think AVAX has it’s work cut out for it.

[Westinhome]

Avax is the good project to inverse for the longer time.Avax rock the market in 2022,huge people use this to get the short term period.Because Avax had followed the certain pattern as compared to other coin.Since it’s good project people had earned a good profit from it.My trader friends had recommended me the Avax in 2022 and works very well before the last huge dump of bitcoin.

[zasad@]

https://defillama.com/chain/Avalanche
Look at the statistics of popular ecosystems such as Ethereum that are used and compare it with the Avalanche ecosystem that grows only on market pumps. I consider Kosmos and Polkadot to be more adequate competitors. Avalanche has the potential to grow, but I don’t buy it because I don’t use it, but I don’t think it would be a mistake to buy $20 for 3-5% of the investment portfolio.

[crypticj]

AVAX makes a lot of claims but the only project that I’m aware of on that chain is The Gimmicks NFT collection which moved there from Solana for an unexplained reason. I actually think that MATIC is a much better coin in that space with a lot more support and partners. They’re direct competitors so I think AVAX has it’s work cut out for it.

I agree. But from what I see there is always some good news about AVAX every month or so, so it feels like it's moving somewhere. Company to ADA that almost looks dead without any new updates. So I think it's a pretty good sign.

https://defillama.com/chain/Avalanche
Look at the statistics of popular ecosystems such as Ethereum that are used and compare it with the Avalanche ecosystem that grows only on market pumps. I consider Kosmos and Polkadot to be more adequate competitors. Avalanche has the potential to grow, but I don’t buy it because I don’t use it, but I don’t think it would be a mistake to buy $20 for 3-5% of the investment portfolio.

Thanks, sounds good. I think AVAX is also appealing to me because its market cap is pretty low compared to other big alts so it has growth potential.

[moderator's note: consecutive posts merged]

[cryptoaddictchie]

Despite believing that Altcoins are mostly high-risk investments, I think AVAX is a pretty solid one. Looking at this project I can see that it's evolving and growing so I feel like it's a good coin to buy.
But it's still an altcoin that can go to sh*t at any moment like Luna. So I want to hear your opinion crypto bros, what do you think about investing in AVAX?

They have a different approach comparing avax and luna. Plus the devs of avalanche are pretty serious on building ad they have continuously working on development of their platform. Most projects are there to display how succesful they are but seeing the works and codes done, we will see whose doing more for a project. Ive been an avalanche holder since then and I will continue to hold my shares (stake/delegate) for the betterment of this project.

[Xal0lex]

Avalanche is a reliable conservative investment, it is not an altcoin from the category of gaming, NFT or meme token, this project has a product and utility, so the project can be considered relatively reliable, the so-called blue chip of the cryptocurrency world. Now AVAX is almost at the bottom, so you can buy coins at a good discount and count on a good profit by the next bullrun.

[zasad@]

I would not agree that Avalanche is a reliable investment. The project has risks. For example
https://dropstab.com/coins/avalanche-2/fundraising
they sold their coins and I don’t know how the regulator will look at it and what fine will be imposed from the SEC. Of course, this project has a great chance to solve all problems with regulators, but you need to understand the risks.