We're near the lowest bound of the range of AVAX plotted against ETH. I think Avalanche will return to at least the highs of the range (and I feel very confident that we will move beyond the highs), which simply means for me that however long I am ETH I believe AVAX will do 5X better.
I think ETH could see at least a 5X of its own over the next couple of years...
AVAX is now in the historic low of its range vs SOL and I've no information that Solana has somehow defeated Avalanche in terms of its value proposition, so it would make complete sense for there to be a rotation between the two platform tokens.
If you need fundamentals to drive a bullish position on AVAX, look at forthcoming blockchain games Shrapnel and Off the...
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...
George Soros teaches us that every bubble is an underlying growth trend with a misconception riding on top. In this case it appears that Eth might have exceeded the underlying trend.
Chart invalidated if the price moves above this range in which case I will panic re-buy.
