2021-12-23 14:36 |
Avalanche (AVAX) has been on a very strong bull run since December 13 after it bounced back from the pullback that lasted from mid-November till last Monday, (December 13).
Analysts expect the AVAX bull trend to gather momentum in the coming weeks as we head to the close of the year.
To help investors and traders who are eyeing the AVAX coin, Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
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What is Avalanche (AVAX)?Avalanche (AVAX) is the native cryptocurrency of the Avalanche blockchain network.
For those who are new to Avalanche blockchain, it is a layer one blockchain that offers a platform for developing decentralized applications (DApps) and custom blockchain networks.
Avalanche is one of the leading Ethereum rivals and it aims at unseating Ethereum as the go-to blockchain for smart contracts. It has a higher transaction throughput and scalability compared to Ethereum
Should I buy the AVAX coin today?If you are looking for a cryptocurrency that you can buy and hold because of its upward trend, then the $AVAX is a good choice especially now that it had retraced.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Avalanche price predictionThe rising popularity of Avalanche among decentralized developers (DApps) is expected to continue propelling the price of AVAX higher.
Experts expect the coin to hit $130 by the end of this year.
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— Avalanche 🔺 (@avalancheavax) December 20, 2021The post Where to buy Avalanche (AVAX) to take advantage of the current Bull Run appeared first on Invezz.
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