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

[Billo_]

Avalanche has started a new phase of development recently and increased a lot in price. Investors have started exploring Avalanche and how it can be compared to Ethereum and DeFi. Experts have given Avalanche very high ratings since Avalanche started because Avalanche is developed by computer scientists from Cornell University but due to a lack of marketing, not many people noticed Avalanche because marketing at Binance was better.
But people have realized how established coins had disadvantages like hight fees for Ethereum (ETH), outdated tech for Cardano (ADA) and centralized tech for Binance. After Avalanche got more attention, people started to switch to Avalanche because Avalanche has many advantages:

- Avalanche has a capped supply proving AVAX as a store of value like Bitcoin
- Avalanche supports DeFi and NFT, a big advantage over older coins like Bitcoin and Cardano, which can't support DeFi and NFT
- Fees are burned at Avalanche since it started last year, and Ethereum copied recently Avalanche's idea because a coin can't afford to be not a store of value
- Cheaper fees at Avalanche
- Avalanche can scale and has no side effects because it's different from competitor coins and Avalanche is using Avalanche consensus for scaling, which was developed at Cornell University
- A good decentralisation also because of Avalanche consensus


Very bullish because it is to be expected to happen:
- Avalanche is not yet listed on coinbase. A listing would bringt a lot of USA people to invest
- YearnFinance has not launched on Avalanche, which will be increasing for Avalanche prices at least 10$ because so many people are hearing Andre Cronje's advice

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

What is your impression and where do you see Avalanche?

[shitpost pioneer]

Avalanche has a big advantage because new knowledge of cryptography was used when it was build.
It is like Ethereum 2.0 will be in a few years.

I see it at 200$ soon.

[Kavelj22]

Avalanche has a big advantage because new knowledge of cryptography was used when it was build.
It is like Ethereum 2.0 will be in a few years.

About cryptocurrencies in general, the use of cryptography in this way is a new knowledge. Avalanche represents one of the few successful projects with a great potential for progress in the near future. Avalanche ecosystem is rapidly expanding and may not need years to growth enough to compete with ETH2.0

For traders, it's a virtual currency with good return which will improve the trading volume.

[cryptoaddictchie]

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

What is your impression and where do you see Avalanche?

I think this is one of my major success investment. Able to invest during ICO even though for small amount but luckily I was able to get it at a very low price. Have some vested period but its totally fine cause I believe in thr project potential and got a long term goal. Ive expecting it to do a same run like solana did. Many have used it and still many have joining the avalanche ecosystem. I wonder if this could pulled of like ethereum.

[bussybuddy]

I find that the updates of the Avalanche ecosystem are really impressive, although the current Avalanche ecosystem is still quite rudimentary, but it can be seen that AVAX is having a pretty fast pace and completely capable the basis to become an ecosystem to attract the upcoming cash flow. And of course, the new trends that are appearing in the market are present on the Avalanche ecosystem.

[Billo_]

I find that the updates of the Avalanche ecosystem are really impressive, although the current Avalanche ecosystem is still quite rudimentary, but it can be seen that AVAX is having a pretty fast pace and completely capable the basis to become an ecosystem to attract the upcoming cash flow. And of course, the new trends that are appearing in the market are present on the Avalanche ecosystem.

Yes, Updates need to come and Avalanche needs to improve every time to offer more functions. Like subnets and ILOs, it is big update for Avalanche and most important to reduce transaction fees much more, it will be included into next quarter update. A few weeks ago Avalanche said it has already around 100 team members and even more people building Apps (which are not from AVA Labs).

[yazher]

I find that the updates of the Avalanche ecosystem are really impressive, although the current Avalanche ecosystem is still quite rudimentary, but it can be seen that AVAX is having a pretty fast pace and completely capable the basis to become an ecosystem to attract the upcoming cash flow. And of course, the new trends that are appearing in the market are present on the Avalanche ecosystem.

With the 222.6% increase in the last 30 days, you can really tell that their development and updates are thumbs up for the investors. I'm sure their platform will be one of the trends in the upcoming trends since the metaverse will about to get popular with the help of massive gains of the NFT worlds. I think the best platform to be partnered with those platforms, is the current build of the Avalanche. I'm pretty sure that they will develop it into some lost lasting project and we will be sure that our hodl will be for long term if we ever wanted to buy their coins.

[Billo_]

I'm sure their platform will be one of the trends in the upcoming trends since the metaverse will about to get popular with the help of massive gains of the NFT worlds. I think the best platform to be partnered with those platforms, is the current build of the Avalanche. I'm pretty sure that they will develop it into some lost lasting project and we will be sure that our hodl will be for long term if we ever wanted to buy their coins.

I hope Emin will use his knowledge and position as a Cornell University professor to bring Avalanche broadly to academic research. In crypto, still a lot of research needs to be done and Avalanche as a progressive concept has already signalled to be willing to make trials for subnets. A subnet is an independant part of a chain, also based on Avalanche but can be programmed independantly before it starts. A lot of experimentation could be done on subnets in a safe environment.

[GreatArkansas]

Another alternative for Ethereum.
After Solana's popularity exploded, the a huge possibility that Avalanche (AVAX) will be the next. For me, Layer 1 network alternatives for Ethereum are ok for the cryptocurrency community, adoption and innovation are growing.
I am just afraid that people will start comparing or fighting for their layer 1 chains, like AVAX, Solana, and other chains. But overall, I am happy to see Avalanche is growing fast, it is helping the DeFi grow more.

[amishmanish]

Another alternative for Ethereum.
--snip--
I am just afraid that people will start comparing or fighting for their layer 1 chains, like AVAX, Solana, and other chains. But overall, I am happy to see Avalanche is growing fast, it is helping the DeFi grow more.

This is already happening and now Ethereum supporters are calling all of these other PoS coins as "centralized" and pointing out the team allocations etc while comparing the same with Ethereum (Not that it was itself democratized in any way since beginning). All of this is happening while Ethereum itself is planning to move to L2.

I agree that it is better to have more options in the L1 space. All of these will anyways never be PoW. So, in away, they'll always be centralized. If there is a market for trading of stablecoins and all sorts of new projects which give back insane returns, then there is no reason that smaller players should be priced out by Ethereum fees while those sitting on thousands of Eth from the early days buy up all the liquidity, all the IEOs and make the smaller players pay for their rent.

With platforms like Solana and Avax, people just have option to use cheaper fees to try and trade shitcoin against each other. Whoever gets out first before the inevitable dump cycle begins for those platform on the platform projects, wins. When you've won enough of these farming pump and dumps, you can go back to getting some stability in the form of BTC.

Anybody who stays invested only in these PoS coins with all of their portfolio will eventually be left behind by one of the coordinated dumps that they can never be part of. So, Always trade some of your PoS coins for WBTC. The fee maybe high to come back to the on-chain network but having WBTC on some of these alternate chains can keep your portfolio risk-free and balanced in the long term.

[pealr12]

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

What is your impression and where do you see Avalanche?

I think this is one of my major success investment. Able to invest during ICO even though for small amount but luckily I was able to get it at a very low price. Have some vested period but its totally fine cause I believe in thr project potential and got a long term goal. Ive expecting it to do a same run like solana did. Many have used it and still many have joining the avalanche ecosystem. I wonder if this could pulled of like ethereum.

Long term this project will be more valuable and useful as well when all necessary developments in place and users can fully take advantage of all the services available, I miss buying avax when the price was reasonable but at this rate not bad for a long term goal, you should hold your coins, you are lucky.

[Billo_]

When Avalanche Rush will start next week, experts predict a large swap from Ethereum funds to Avalanche when DeFi platforms Aave and Curve will be started on Avalanche.
Developers have already announced a large initiative for building new DeFi, especially because Avalanche has fast transactions, what enables a completely new strategy for DeFi to generate more effective procedures.

[flip4flop]

AVAX has come along way in such a short period of time. I as well am a big supporter of AVAX and I feel like I got in a bit late. I have been very impressed with the team behind it and many of the projects and roadmap that they have. I dont know if it will ever overtake ETH but it is going to be a solid competitor for many years.

[Billo_]

AVAX has come along way in such a short period of time. I as well am a big supporter of AVAX and I feel like I got in a bit late.

If we consider all remaining updates and how long Avalanche mainnet is live (it's only 1 year old), we are still very early and we are also very early in general for Blockchain technology.
For Avalanche very recently new updates like lower fees, subnets and initial litigation offerings (ILO) can create a new way for Blockchain to get significant.

It is also still very early for Blockchain tech because development needs time and slowly already established concers are researching about Blockchain for innovation of internal processes.

[Billo_]

Avalanche will release ILO about Cannabis soon: https://www.theblockcrypto.com/post/122044/first-tokenized-lawsuit-fund-goes-live-on-republic-will-distribute-on-avalanche

It will be about legalizing Cannabis and maybe some Cannabis industry people will buy Avalanche. 

[martina14]

Perhaps, this AVAX was one of the good altcoins to invest then hold for the long term as well.
And this recently, there is one of the NFT games under by AVAX who is launched or it could be upcoming launch,
where I think it could be nice to play to earn but the thing problem is that the price of the NFT character was
too expensive so far. But the game used AVAX platform.

[chakhigh]

Avalanche is just amazing with its protocol built for Defi applications. I see it is well-positioned in the crypto space with huge growth has yet to come. Additionally, I see the Binance Smart Chain ecosystem adds a lot of value to Avalanche. This ecosystem is the backbone behind recent projects, like the ones targeting the Defi space, naming DeFiChain, and the recent CatenaX projects. So, yes, with more consistency, Avalanche will be famous.

[Billo_]

Perhaps, this AVAX was one of the good altcoins to invest then hold for the long term as well.
And this recently, there is one of the NFT games under by AVAX who is launched or it could be upcoming launch,
where I think it could be nice to play to earn but the thing problem is that the price of the NFT character was
too expensive so far. But the game used AVAX platform.

Yes, it was a very good coin for HOLD and still is a good coin for HOLD and it is also a very good coin for NFT. Fees will get cheaper every time an Apricot is launched.

And yes, it was a problem for Crabada game because Crabada devs miscalcualted circulating supplies for crabs and didn't create enough crabs. It can be easily solved by Crabada devs to re-calculate it.

[dansus021]

AVAX is always good to host project because the fee  after NFT, Metaverse and play to Earn hype soon ava will get the attention like solana and BSC did

but i saw recently the news that Ubisoft biggest game developer is trying do NFT hype on texos 

[Google+]

Yes, it was a very good coin for HOLD and still is a good coin for HOLD and it is also a very good coin for NFT. Fees will get cheaper every time an Apricot is launched.

Can you make sure it can always be cheap for the future? because when a main coin that is usually used for Gas transactions increases or increases, then the effect on transaction fees will also be felt and will become expensive one day, so can you still be sure of this?