Say hello to Avalanche, nope, not a giant snowball you should be afraid of. But a blazingly fast open-source platform for smart contracts and Dapps. It does justice to its name as it signifies the massive load of transactions it can handle! AVAX, Avalanche’s native currency is now live on ZebPay for purchase!
It is the highest performing smart contract out in the market in every single aspect. We’ll say no more and let these numbers speak for themselves:
Avalanche, as a layer-1 protocol, is able to leverage a number of applications and solutions. Avalanche is fully compatible to explore the highest potentials in the field of DeFi, digital assets, institutional and government adoption. Their website says “No future promises. Avalanche scales today.” The developers have indeed been successful in building a very fast and cheap peer-to-peer platform.
Avalanche has a bunch of competitors such as Ethereum, PolkaDot, Cosmos with the same functionality. But Avalanche comes out with higher throughput, scalability and more.
Coming to AVAX, it is the native token of Avalanche’s platform. It is used for staking, paying fees and acts as a base standard unit of account.
At the time of writing, AVAX trades at $57.5 or ₹4319 with a positive upside of 2.9% in a 24 hour cycle. It has a market cap of $12.6 billion and is ranked #17 in this order. AVAX has climbed a whopping 500% since July of this year. With more and more developers improving the platform, AVAX could realistically hit the $90-$100 range by the end of 2021. The blockchain raised $230 million last month from a private sale in June. The buyers were top crypto funds such as Polychain, Three Arrow Capital, R/Crypto Fund and others.
If you believe in decentralized networks and are looking for a solid investment opportunity. Avalanche may be the right choice for you!