We have witnessed a storm of coins enter the crypto market in the last few years. Since the invention of Bitcoin in 2009, the token has spearheaded the market leap. This post is all about how to buy AVAX Avalanche. Although this coin has not been in the crypto world for a long time, the token is creating tremendous force across the market. In the article, we will be looking into how to buy Avalanche crypto.
Buy AVAX: What is Avalanche (AVAX) Crypto?
Avalanche joined the crypto market as a platform that accommodates smart contracts as far back as 2020. After its invention, it allowed developers to build decentralized applications and configurable blockchains, among other things. Its developers, Ava Labs, constructed the smart contract platform to employ a proof of stake protocol. In the last few years, the platform has delivered a huge competitor to Ethereum.
This is exclusively down to its declarations about being speedy, safer, and with tremendous compatibility with Ethereum and other chains. Apart from these advantages, developers who strive to create their tokens can accomplish so by utilizing the Avalanche platform. The platform will deliver subnets to enormous amounts of tokens during its design.
Buy AVAX: What is AVAX Crypto?
AVAX is the digital token utilized to handle all the moves on the Avalanche blockchain. Users utilize AVAX to execute their transactions and gain prizes in the native tokens.
During its launch, the firm had stated that it would only produce 720 million token units. Yet, half of that number has already been made during the token takeoff. In its tokenomics, the firm said that the remaining would go to traders in the means of prizes for staking. AVAX is currently trading at $64.47. At the time of writing this, the circulating supply is 244,853,792 AVAX coins with a trading volume.
Buy AVAX: Avalanche AVAX Price Prediction
Avalanche price might next affirm the escape of the down triangle, establishing and retesting the one-time $79.22 support as resistance. Once this occurs, it doesn’t imply that the price could shift bullish again as it has driven up. On the opposite, we anticipate that once the price has established the support as resistance, it could continue downward. The first mark is again between $51.40 and $59.29. If this level pauses, which we do not anticipate, for the time being, the price could decline to $40.
This could be the ideal time for users to buy AVAX. The reason is that Avalanche was dubbed an “Ethereum killer” in 2021, along with other cryptocurrencies such as Cardano and Solana. This is how smart contract platforms are named, which show extremely cheap transaction fees and other benefits compared to Ethereum (e.g. security). Avalanche can process up to 4,500 transactions because it utilizes multiple blockchains.
Particularly in the space of NFTs and DeFi, the Avalanche network has noticed more and more options in recent months. The network persists to rise. Clearly, there is a chance that Avalanche could be extremely profitable. Here, too, you can take benefit of the low prices of cryptocurrencies at the point due to the current crypto crash.
How to buy AVAX?
When purchasing a cryptocurrency from an exchange, it is always necessary to pick a reliable one. In fact, we recommend using Gate.io, Binance, Bybit, Kraken, Coinbase, and Bitfinex to buy AVAX. The steps are as follows:
- The first step is to create an account on any exchange mentioned above.
- Submit your email address, phone number, and Identity proof to register.
- Deposit funds into the account.
- Buy Avalanche.
You might also like
More from Altcoin
In this top 3 price predictions article for August 2022, we're going to analyze Bitcoin, Ethereum, and Ripple so you …
This post is all about Justin Sun and whether should you invest in Tron. Let's take a look at it …