Big News About Avalanche Cryptocurrency You Should Consider | by Stephen Dalton | Apr, 2022
FINTECH | CRYPTOCURRENCY
When you compare “time to finality,” Avalanche is the fastest platform for smart contracts in the cryptocurrency community. It’s also eco-friendly and low-cost.
Today’s big news is the Terra LUNA Foundation Guard will buy $100 million AVAX for its reserve fund due to “…its rapid growth and vast fan base.” — Do Kwon. That could be huge for investors.
CRYPTO PARTNERS — LUNA ADDS AVALANCHE. *HUGE*
YouTube video from Digital Asset News.
What is the AVAX Token?
AVAX is the Avalanche native token. It is used to secure the Avalanche platform with staking, pay fees, and furnish a fundamental “unit of account” for the various subnet creations on Avalanche.
“Avalanche is a fast and low-cost smart contracts-based blockchain platform focused on building decentralized apps and facilitating the creation of custom blockchains. Its users can process transactions in the native AVAX token.” — Bankrate.
What is Avalanche (AVAX)? Explained with Animation
This is an easy-to-follow animated video.
Since its mainnet launch on 21 Sep ’20, it has secured more than 450 individual projects, 1350 block-producing individual validators, 1.5 million global community members, and has “burned” more than 118 million tokens, which increased scarcity.
Its return on investment (ROI) for HODLers is around 17600%. The AVAX token’s all-time low (ATL) was $2.79 on 31 DEC 20, and the AVAX all-time high was $146.22 just before the November pullback. Today’s price is up 3074% from its ATL.
AVAX provided investors one of the most exciting runs of 2021.
The Avalanche website.
AVAX Data Current as of 8 APR 22
“The live Avalanche price today is $88.54 USD with a 24-hour trading volume of $1,379,864,121 USD. We update our AVAX to USD price in real-time. Avalanche is up 4.66% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $23,730,887,932 USD. It has a circulating supply of 268,021,700 AVAX coins and the max. supply is not available.” — Coin Market Cap.
AVAX to USD Conversion Chart All-Time
How to Set Up Avalanche on MetaMask — Lower Gas Fees!
#AVAX $AVAX #AVAXGiveaway #Cryptocurrency
Final thoughts on the Avalanche Ecosystem
Out of all the layer one cryptocurrencies, the Terra LUNA foundation chose AVAX for a $100 million reserve. That should inspire the average investor — I know it impresses me.
Make sure you have a plan for any cryptocurrency investment.
Avalanche AVAX Price News Today — Technical Analysis Update, Price Now, Price Prediction!
Do your own research (DYOR), and don’t use money you can’t afford to lose.
That’s all for today. Thanks for reading and come back often. Leave your comments below.
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser, and you should consider anything I write as informational and friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
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Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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