AvaX is a cryptocurrency that has experienced a surge in recent weeks. The price has increased by more than 300 percent in the past year. This is attributed to the fact that Ava is making strides in layer 1 blockchain technology. Earlier this year, Avalanche jumped past $140, a record high for the coin. However, recent developments have led to concerns over Ava Labs’ business practices.
Although AVAX coin is still new, many investors believe that it is one of the top competitors to Ethereum. AVAX is growing quickly, and many developers are converting to its platform from the Ethereum network. In addition, the coin has entered the top ten cryptocurrencies for the first time. There are many decentralized projects being built on the Avalanche blockchain, and the Avalanche ecosystem is only growing.
One of the best things about AVAX is its ability to scale. The protocol can support thousands of users, and it can handle transactions in just a few seconds. In addition, it can support subnets, which is a huge benefit for users. The protocol has been compared to Ethereum, and is expected to take over Ethereum as the primary competitor in the NFT space.
In the near future, AVAX’s market cap could reach $20 billion. At the time of writing, its price sits at $82, making it among the top ten cryptocurrencies. If you’re interested in investing in AVAX, you can buy it from a variety of exchanges. Just make sure to do your research before you make a big investment and never invest more than you can afford to lose.