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What is Avalanche (Avax)

investing08 - 2024-04-17 07:42:33

*Avalanche has its native token known as Avax.


*It has a layer one blockchain, it functions as a platform for decentralized applications for customs Blockchain network.


*It has its competitor known as Ethereum known to beat Ethereum in scalability and higher transaction processing speed.


*It has capable of supporting three individual Blockchain- X-chain, C-chain and P-chain.


Founder of Avax


*Turkish-American computer scientist known as Emin Gün Sirer, and cornell university computer science Phd's kevin sekniqi and maofan "Ted" Yin founded Avalanche (Avax) and launched by Ava labs.


*Avalanche (Avax) coins launched in 2020.


Circulation of Avax


*As per now Avax has a total supply of 436,604,800 AVAX tokens with maximum supply of 715,748,719 AVAX tokens from which $27,293,374,495 are fully diluted market cap.


*There are 377,915,160 AVAX tokens circulating in market and Avax ranked at 11th with $14,411,387,508 market cap.


Where you can buy Avax


*If anybody wants to invest in Avax usdt they can just invest in many exchanges like- Binance , Bybit , Coinbase Exchange, OKX, HTX, Kucoin, Kraken and Upbit.


Technical and Future analysis of Avax


*As I have shown below in my chart of Avaxusdt that it went up in November 2023.


*After going up it has taken the liquidity swap but made a order block at level of 19.80$.


*So if market falls down then you can buy it from it's order block level of 19.80$ and it will go up from it's level only.


*So if anybody wants to invest in Avaxusdt then just wait for 1-2 months for taking the best entry and you can earn good profit from your investment.
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