AVAX: Classic bubble pop and future possibilities
AVAX has all of the hallmarks of classic bubble pop.
I think that a bottom will be found around October 2022, hopefully somewhere in the white demand box. I will be accumulating here.
Then Avalanche will continue to grow over the years. I think a future valuation of at least $1000 is easily possible.
Consider that as of today, it is currently processing about the same amount of daily transactions as Ethereum but for 20x lower fees and with instant finality, all with over 1000 nodes, so highly decentralised.
I think that a bottom will be found around October 2022, hopefully somewhere in the white demand box. I will be accumulating here.
Then Avalanche will continue to grow over the years. I think a future valuation of at least $1000 is easily possible.
Consider that as of today, it is currently processing about the same amount of daily transactions as Ethereum but for 20x lower fees and with instant finality, all with over 1000 nodes, so highly decentralised.
Note
perfecto
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.