What is Avalanche (AVAX)? Should I invest in it? 2022

What is Avalanche Coin?, How it Works?, What is Avalanche Coin Cost?, Total Supply of Avalanche Coin, It’s Maximum Supply, FAQ NPRBG

Avalanche (AVAX) Coin:- Friends, today we are going to talk about the avalanche coins in this article.  If you are also interested in investing in cryptocurrencies, then you must be aware that the Avalanche coin has been growing very fast in the last few years.

 Where in December 2020 its price was between $3-$4, in today’s time the price of the Avalanche coin has exceeded $100.  And within a year, this coin has given more than 200000% ROI (return on investment).

 After all, why is its price increasing so much?  Will learn in this article.  If you also want to get information about Avalanche coin, what is Avalanche coin?, How it works? What is the Avalanche coin price? What is the total supply of Avalanche coin, its maximum supply, etc?  You are in absolutely the right place.  In today’s article, we will know about all these things.

What is Avalanche (AVAX) Coin?

 Avalanche is a layer 1 blockchain platform that allows decentralized applications and custom blockchain networks to be built.  Its transaction capacity is many times more than that of bitcoin and Ethereum.  Where Ethereum can do 13 transactions per second, the same can be done at 6500 transactions per second on the Avalanche blockchain.

 At this time only Avalanche is such a blockchain that remains a threat to Ethereum because most of the projects related to the smart contracts are with Ethereum but now slowly most of the developers have started using Avalanche.

 And for this reason, the 2 big projects of Ethereum, SHUSHI SWAP and TRUEUSD, both of them have now been integrated into Avalanche.  The native coin of the Avalanche blockchain is called AVAX.

Who created the Avalanche (AVAX) coin?

 Avalanche Coin was created by Cornell University professor Emin Gün Sirer.  This coin was launched by AVA Labs, but ava labs is created by Emin Gün Sirer itself, so it can be said that the Avalanche coin is created by Emin Gün Sirer and he is also its father.

How Much is Avalanche (AVAX) Coin?

 The maximum supply of Avalanche Coin has not been disclosed yet.  And its total supply is 395,343,277 AVAX.  In words, it is 395 Million Avalanche coins.  At the time of writing this article, the circulating supply of Avalanche Coin is 243,204,615.42 AVAX.

Today’s price of Avalanche (AVAX) coin

 According to the coin market cap website, the price of Avalanche coin is close to $115 at the time of writing this article.  Its low in the last 24 hours has been $97 and its high has been $100.  And it has increased by 14.68% in the last 24 hours.  And its trading volume has reached $2,338,829,535, an increase of 102.21%.  Talking about its market cap, it has been $29,212,287,730 $.

 This update is from the time the article was posted, if you want to see the current time, then you can see it on any crypto exchange platform or coin market cap website.

History of Avalanche Coin

 Avalanche Coin was launched on 23 September 2020 according to the Coin Market Cap website.  It was priced at $5 at the time of launch.  But as it happens with every coin in the beginning, so it happened with it too.  The price of this coin started falling as soon as it came on the market and at the end of 2020, its price had reached $3.

 But from January 7, 2021, there was a jump in its price and its price increased to $4.5, and after that its price started increasing continuously.  Very few times it has happened in this coin when its price has fallen very low, but the price of this coin always remains up.

 The price of this coin went very low only once in its history when the entire cryptocurrency market crashed.  But after the crash, its price again increased very rapidly.

Should I invest in Avalanche (AVAX)?

 In March 2022, Avalanche unveiled a $290 million initiative to help developers incorporate subnets into projects that were funded by the company.  The Avalanche Multiverse initiative will encourage developers to build a completely bespoke, application-specific network on the Avalanche blockchain.

 Theoretically, subnets could allow the entire crypto network to exist on Avalanche, while continuing to use their respective currencies, such as Bitcoin or Ethereum.

 As per Wallet Investor’s forecast, long-term growth is expected;  The price forecast for the end of the year 2026 is $940.939.  After five years of investment, the revenue is estimated to be +775.5% percent.

 GOV Capital Avalanche price forecast suggests a trend towards consolidation, which could make AVAX price show more sentiment.  The cost could increase to $324.67 by the end of the year.

How to buy Avalanche (AVAX) coins?

 Buying any type of cryptocurrency requires a crypto exchange, be it Bitcoin, Ethereum, Tether, USDC, XRP or any other cryptocurrency.  To buy all these coins one has to register with the cryptocurrency exchange.

Step 1.:- Register in Cryptocurrency Exchange!

 You will first need to register with one of the cryptocurrency exchanges and create an account.  You can create an account by entering your information.

Step 2.:- Deposit money in the account!

 When an account is created after registering, then money has to be deposited in your account.  So that you can be able to buy any cryptocurrency.

Step 3.:- Buy AVAX Crypto!

 After depositing money, go to the search box and search AVAX.  After that click on the first coin.  Now you can buy as many Avalanche coins as per your budget.

What are the features of Avalanche (AVAX)?

 The Avalanche smart contract platform is compatible with both independent blockchain and decentralized applications (DApps).  Here are some of the features that set Avalanche apart:-

• Coin creation rate:-

  AVAX tokens have a total supply limit of 720 million, although users have control over how quickly new tokens are created.  AVAX holders control the rate at which new currencies are minted by voting on the amount of AVAX paid as a reward for adding a new block to the Avalanche network.

• Transaction fee structure:-

  All fees are liquidated, and the cost of processing transactions fluctuates depending on the type of transaction and the congestion (removed from circulation) of Avalanche’s network.  Avalanche users vote on transaction costs, so AVAX rates can fluctuate.

• Consensus mechanism:-

  Transactions on the Avalanche blockchain are confirmed using a unique process that requires a small, random subset of a large number of network participants.  So that the transaction can be confirmed before declaring it complete.

• Participation incentives:-

  Higher uptime and quicker responses can increase the ability of network participants to earn AVAX incentives for processing AVAX transactions.

• Avalanche is typically governed by a proof-of-stake mechanism.  AVAX holders must make a bet or promise not to trade or sell in order to have the ability to validate the transaction.

• AVAX holders with the highest stake and the most active participants as validators are more likely to be selected as validators for the new Avalanche block.  You must have an AVAX token to vote on ideas for Avalanche governance.

Advantages and Disadvantages of Avalanche (AVAX)

 Some of the positive and negative aspects of Avalanche are as follows, which you can see here:-

Benefits of Avalanche (AVAX):-

• Transactions are processed quickly.

• The structure of rewards encourages participation.

• Ability to support multiple blockchain-based initiatives.

Disadvantages of Avalanche (AVAX):-

• Serious threats are posed by platforms such as Ethereum.

• 2,000 worth of Awax tokens must be staked by Avalanche validators.

• Losing AVAX is never a punishment for malicious or careless validators.

What are the uses of Avalanche (AVAX)?

• With Avalanche, individuals and organizations can quickly and easily create blockchains that are specifically designed for private or public use cases (permissioned blockchain, permissionless).

• it is unique.  It combines multiple blockchains that have been specially designed with a powerful Proof-of-Stake consensus mechanism to create a very decentralized and powerful platform for developers to build upon.

• Since Avalanche and Ethereum toolsets are interoperable, developers can easily port their Ethereum dApps to the system and launch a wide variety of decentralized applications (DApps).  These apps can function independently on their own Avalanche blockchain, giving developers complete control over their functionality, security, and user access.

Avalanche (AVAX) FAQ

You can read some Q&A related to Avalanche (AVAX) here:-

Q1.:- What is Avalanche (AVAX) Coin?

Avalanche is a layer 1 blockchain platform that allows decentralized applications and custom blockchain networks to be built.

Q2.:- Who created Avalanche (AVAX) coin?

Avalanche Coin was created by Cornell University professor Emin Gün Sirer.

Q3.:- How much is Avalanche (AVAX) coin?

The maximum supply of Avalanche Coin has not been disclosed yet.  And its total supply is 395,343,277 AVAX.

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