Launched in September 2020, Avalanche is a blockchain protocol that solves scalability, security, and decentralization. Its speed, versatility, affordability, and accessibility have solved these pertinent issues in the crypto ecosystem. In conjunction with three individuals- Kevin Sekniqi, Marfan Yin, and Emin GünSirer, the Ava Labs team are the network's founders. Any smart contract-enabled Decentralized Application (DApp) can outperform its competition by deploying on Avalanche. It is a cryptocurrency and blockchain platform similar in operation to Ethereum. Like Ethereum is currently transitioning into, it executes its operation via a Proof of Stake (PoS) consensus mechanism.

The network also utilizes smart contracts in its operation, a feature common with Ethereum. These smart contracts run the Decentralized Applications (dApps) on its network and are written in Solidity language like Ethereum. The network is also similar to Ethereum, as it hosts and integrates Defi platforms. Defi household names like Aave and Curve currently operate on the network. A strong feature of the blockchain is its speed, as it is capable of near-instant transaction completion. It currently processes an astonishing 4,500 transactions in a second. It is also an open-source project that allows random users to view and contribute to its code. The native and governance token of the Blockchain is AVAX, and it also powers its ecosystem.

Despite the complexity of the platform's design, three main aspects make it very unique. One of such is its consensus mechanism. The network uses a Proof-of-Stake (PoS) consensus mechanism, which allows its operation to flow seamlessly. It also uses a novel consensus mechanism that builds on this PoS foundation. A validator node receives transactions that originate from users. This validator node samples a small and random set of other validators, not neglecting agreement checks. These validators continue this sampling until they reach a consensus. The Proof of Uptime currently measures Validator rewards according to the time a node has staked its tokens. Alternatively, the Proof of Correctness measures the degree of compliance of nodes to the protocol's rules.

Avalanche users can also launch customized chains that operate via their own bespoke rules. It is worth noting that Ethereum 2.0 and Polkadot-owned Parachains already allows user to do the same. Avalanche also operates via three different blockchains to address the limitations of the blockchain dilemmas. These chains are; Exchange Chain (X-Chain), Contract Chain (C-Chain), and Platform Chain (P-Chain). The X-chain is where assets like AVAX are created and exchanged. The C-chain enables the creation and execution of smart contracts. Alternatively, the P-chain foster the creation and management of subnets while coordinator validators and their activities.

Avalanche currently boasts of speed, high stability, and interoperability. The blockchain also avails its users with the power to govern the minting of new tokens. They can do this by voting on the number of tokens paid as a reward to validators. Transactions cost on Avalanche varies, and they depend on several factors which determine them. Factors like network congestion and transaction type play a huge role in the transaction cost. Avalanche users also vote to decide on the protocols fee, ensuring that the prices vary.

Network participants on Avalanche earn rewards for processing AVAX transactions. Factors like high uptime and fast response times can boost these rewards for the participants. The consensus mechanism of the blockchain is also unique, as multiple random subsets of users have to confirm transactions before completion. The network is also fast, and its transaction speed thwarts its competitor- Ethereum. It is also interoperable, as it can support many blockchain-based projects. Avalanche currently supports decentralized, peer-to-peer trading between AVAX and other Ethereum-compactible tokens.

One of the limitations of Avalanche is the stiff competition it faces from household names like Ethereum. Ethereum is popular amongst many in the crypto space and is mostly preferred ahead of a new player like Avalanche. One of the limitations of AVAX is the cost and requirement to be a validator on the blockchain. Validators must stake 2,000 tokens to become one on the platform, a cost many will consider expensive. The carelessness of these validators is also another concern for Avalanche users. Under the jurisdiction of Avalanche, there is no penalty for these offenses.

AVAX is the native and utility token of the Avalanche platform. The token's use is not only for governance, as it also powers transactions in the Avalanche chain. Validators and users of the protocol also earn rewards of about 11% Annual Percentage Yield (APY) in the Ethereum-compatible token. It is a scarce token whose uses include securing the network via staking and paying fees. AVAX also serves as the common unit of account for all subnets, improving interoperability in the network. This is because transaction fees and subnets subscriptions are all payable in the token.

To become a validator on Avalanche, one will have to stake AVAX or delegate it. AVAX has a maximum supply of 720 million coins and a circulating supply of 267,355,910 AVAX coins. Users and validators will generate the remaining tokens by minting them in the form of staking rewards. Unlike other cryptocurrencies that pay transaction fees to validators, AVAX fees are burned. The idea behind this is to increase the scarcity of the token and thus boost its value. It is available for purchase on many exchanges, including Kraken, Binance, and OKEx.

Since September 30, 2021, AVAX has been available for purchase and trading on Binance. However, listed below are the steps to buying the token;

Signing up on Binance is the first for new users. This process is usually seamless and complete after supplying a few KYC details. You will also need to verify the information you provided. It is worth noting that only verified accounts will have access to the Binance trading platform. However, existing users will only need to log in to their accounts.

After creating an account and logging in, you will need to fund your Binance account. This will enable the purchase process to be very seamless. Funding is very easy, and with either a bank transfer or any compatible debit/credit card, your account now has funds.

After funding, you can then purchase your AVAX tokens. The new asses will automatically reflect on your account, and you can decide to either hold, trade, or sell it. You will also need to ensure that you have a wallet, enabling you to store it securely.

2021 was a great year for AVAX, as the token gained more than 3000%. That feat alone moved its market cap high and forced it into the top 10 in the crypto market. It has also made the token very attractive, as crypto investors now flock around it. However, despite a few slumps, the token might do something remarkable in 2022. Since it began trading, its ROI is 19650% compared with today's prices, as the token remains hugely valuable. Since 2021, it has become one of the most sought-after cryptocurrencies in the market, a claim its trading volume supports. Its 24hour trading volume has now crossed $1.6 billion, as its market cap is now at a whopping $39,094,314,054.82. Its price today- $98.83, is still behind its All-Time High price of $146.2, attained in November 2021. However, that cannot remove the optimism around the token for 2022.

WalletInvestor expectS AVAX to smash its ATH in 2022 and end the year at $275. WalletInvestor, like many crypto analysts, is optimistic about the future of the Ethereum-Esque token. However, they believe that it won't reach $500 in 2022. GovCapital also mirrors the predictions of WalletInvestor, as they have so much faith in the future of the token. Surprisingly, they predict it to end in 2022 at $305, as they believe $500 is a lofty height. Many crypto analysts also believe in the future of AVAX, as they expect the token to dominate 2022. AVAX is a worthy investment with a good future ROI. However, reaching $500 in 2022 will be a great height for the token. Whether that will happen or not, only time will tell. Investors should only commit spare funds to the token, as nothing is certain about the future of any cryptocurrency.

Launched in 2020 by Ava Labs, Avalanche is a blockchain platform for decentralized applications (dApps) and many other blockchain networks. It aims to provide a scalable blockchain solution that delivers low transaction fees faster and is environmentally friendly. The native and governance token of the protocol is AVAX. AVAX is available for purchase on many exchanges, including Binance, Coinbase, and OKEx. The token's domination in 2021 saw it break into the top 10 in the market. Fortunately for it, crypto analysts and experts also predict 2022 will see it hit more grounds. However, while there are indications it will smash its current ATH, achieving $500 is not impossible but will be hard.

Since Avalanche price failed to form a new uptrend at the $70 mark, we anticipate the price to drop to the next $62 support. After breaking the $62 support, the price might rally a bit again. However, one should wait and see how Bitcoin prices develop in the near future. If the Bitcoin price falls to $30,000, the Avalanche price could also briefly fall below $62. A current Bitcoin forecast can be found here.

If Avalanche price breaks support and fails to recapture it in a short period of time, prices sink even further. In this case, we assume prices below $50. But more on that as soon as the price hits the support.

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AVAX price has been forming a trend line for the past few months which is heading towards the $62 support. This has created a descending triangle, which normally has a higher chance of breaking down. However, price formed this triangle after an up move, so the price may view the triangle as a continuation formation. Thus, the probabilities are higher in the event that the price breaks out to the upside. Since descending triangles should not be performed after a rise, we are not committing to a bullish breakout in price.

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Avalanche's current technical formation is looking very interesting. The highest target of around $140 was confirmed by hitting an ascending triangle and a double top formation. Avalanche price dropped later to $79.22 to confirm the break of resistance and established a new support. As a result, the price fell to the strong support. But how could the price continue in the future? Will we really go up 25% next? Let's tackle everything in this Avalanche price prediction!

After the Avalanche price has last corrected to the GoldenPocket and has thus completely corrected the last ABC sequence, the next step could be that the price will rise to the GoldenPocket of the last downward movement (correction). This GoldenPocket is located at around $111. However, we have a resistance in front of the GoldenPocket. This target would be around $100. In fact, this coincides with the 0.5 Fibonacci level and psychological resistance. If we break this level, the price could rally to $111 quite quickly.

As Avalanche price broke the downtrend line, we also expect it to make a new all-time high. So we also assume that the GoldenPocket will break. The lower GoldenPocket, where we found support most recently, has far more significance as it is higher-level. As this has held, the overall trend (uptrend) is likely to continue. Since the current high is an all-time high, the Avalanche price could make a new all-time high soon.

On the other hand, reaching a price of $200 in the short term looks a bit far off. With the current cryptocurrency market consolidating, AVAX would find it difficult to double in valuations. The entire crypto market should be making new highs for AVAX to be able to reach $200 in such a short timeframe.

With the new bullrun in sight, there are new opportunities to achieve high returns in the crypto market. In recent months, the so-called "Ethereum killers" have proven to be extremely good investment opportunities. What is the status of these cryptocurrencies and what does their future look like? Let's find out 😉

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We've talked a lot about Cardano in the past few weeks. The ADA token made a strong jump in price even before the big Bitcoin rally a few weeks ago. This was due to the announcement of the details of the new major update at Cardano - Basho. Basho is the next big step in the development of the Cardano blockchain.

Basho increases the scalability of the blockchain. Cardano should thus achieve an unprecedented transaction speed of up to 100,000 transactions per second. Overall, the efficiency of smart contracts and the blockchain in general increases massively. Cardano could actually become a serious Ethereum competitor and a true Ethereum killer in 2022.

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Solana was the fourth quarter's shooting star in the crypto market. The SOL token has made a massive ascent in recent months, even outperforming Cardano’s ADA token. Above all, the high speeds of up to 10,000 transactions per second made Solana so popular and made the blockchain an "Ethereum killer".

Now is an ideal time to jump into these Ethereum killers. Buy these cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Despite the successes on the market, the Solana network is repeatedly plagued by problems. Thanks to the proof-of-history consensus mechanism, the blockchain can process transactions super fast. But there are always problems with network overload. The network has crashed again in the past few days. Solana needs to address these issues to stay relevant in 2022.

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The third “Ethereum killer” that also hit screens at the end of the year is Avalanche. This network also stood out due to its high transaction speeds and high scalability. The AVAX token made it into the top 10 cryptocurrencies in the last few weeks of 2021. 

In the last few weeks, Avalanche has been a little out of breath. While the number of applications running on smart contracts increased overall, the total locked value (TLV) fell by an overall 20% in January. Avalanche has to prove itself as an "Ethereum killer" in the face of strong competition in the coming months.

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Avalanche prices were indeed falling lately with the crypto crash. On the other hand, it was clear that prices were targeting a strong support area of $60. The reason for the claim was a descending triangle formed by the price in the chart. There were high expectations for the price to retest the triangle trend line before breaking out. As a result, the price failed to test the trend line and broke straight down. Now that we reached that strong support area, what will happen to the Avalanche price? Let's tackle everything in this AVAX price prediction.

If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.

The Avalanche price was able to achieve the goal we had set at the support price of $60. We anticipated that the price could turn between $51.40 and $59.29 as there are supports or a support zone there. The price also seems to have found a bottom there. Traders who did not set their stop-loss wide enough might have been stopped out from that fakeout that reached the low of $51.30. That's why setting adequate stop-loss levels is very important, especially in volatile moments. The candles formed at that fakeout suggest a short-term reversal to the upside, which is common once the price hits a support zone/bottom.

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Avalanche price might next confirm the breakout of the descending triangle, confirming and retesting the former $79.22 support as resistance. Once this happens, it doesn't mean that the price could turn bullish again as it has moved up. On the contrary, we expect that once the price has confirmed the support as resistance, it could continue lower. The first target is again between $51.40 and $59.29. If this level breaks, which we do not expect for the time being, the price could drop to $40. More on the other goals in the next Avalanche article, so stay tuned and add CryptoTicker to your Google News list ;)

We have seen a barrage of digital assets enter the market in the last few years. Although most tokens are created for fun by developers, some have real-life use cases. Since the creation of Bitcoin in 2009, the token has spearheaded the market jump. Although there is a massive amount of tokens, a recent study shows that the market is awash with more of the top 20 tokens than others. One of these tokens is Avalanche, which can cement its entire place up top. Although it has not been in the market for a long time, the token is making massive prowess across the industry. In the article, we will be looking into Avalanche crypto, and its native token, AVAX.

Avalanche entered the crypto sector as a haven that houses smart contracts as far back as 2020. After its creation, it allowed developers to create decentralized applications and custom blockchains, among other things. Its developers, Ava Labs, created the smart contract platform to use a proof of stake protocol. In the last few years, the platform has provided a massive rival to Ethereum. This is solely down to its claims about being faster, more secure, and with massive compatibility with Ethereum and other chains as a plus. Besides these benefits, developers who aim to make their tokens can do so using the Avalanche platform. The platform will provide subnets to massive amounts of tokens during its design.

Avalanche made its claim in the crypto market because of its tri-blockchain that works hand in hand. This means that one blockchain has a specific task that it tackles instead of making all three tackle the same issues. The three blockchains are the Exchange Chain (X-chain), Contract Chain (C-chain), and Platform Chain (P-chain). Below are the functions of the three blockchains:

The Exchange Chain is in charge of major transactions on the blockchain. It is also saddled with the creation of tokens on Avalanche. This means that this chain is where all the transactions and trades happen. The native token of Avalanche uses a proof of stake protocol, so it allows tokens to be created.

The Contract Chain deals mainly with all the smart contracts on the blockchain. Developers also take advantage of this chain to create their decentralized applications. One prominent feature of the C-chain is that it supports Ethereum contracts. This means that developers hoping to migrate their already existing apps to Avalanche from Ethereum would be able to do so.

This is the chain that allows subnets. This means that the chain provides access to developers looking to create blockchains. This chain is also where stakers validate tokens before being created on the X-chain.

AVAX is the native digital asset used to run all the activities across the Avalanche blockchain. Users use AVAX to carry out their transactions and earn rewards in the native tokens. The token was already in the works for about a year before its developers moved it to the mainnet in 2020. During its ICO, the token saw a massive raise of $42 million in about 5 hours.

During its unveiling, the company said it would only create 720 million token units. However, half of that figure has already been created during the token launch. In its tokenomics, the company mentioned that the remaining half would go to traders in terms of rewards for staking. AVAX is presently trading at $93.64 on CoinMarketCap, taking up the 12th position in the total tokens on the platform. Its market cap is around $22,880,739,239 with a trading volume of $550,731,227 in the last 24 hours.

Going by the massive demand and usage of the Ethereum blockchain, other rival blockchains have continued to spring up in the process. According to major analysts, the demand for Ethereum has seen the network clog with congestion. This is one of the things that Avalanche hopes to solve in the coming years. According to its developers, Avalanche was built with speed as its strongest forte. Asides from its speed, it can carry out a massive amount of transactions in one second compared to Ethereum.

Ethereum now carries out about 13 transactions every second compared to the 4,500 transactions that Avalanche supports in one second. However, this doesn't take away the popularity and other advantages of using the Ethereum network. Avalanche also completes its transactions in about 3 seconds, making a case for its use in the sector. This is one of the few reasons developers use it to create their dApps due to its scaling. Asides from that, it provides links for different blockchains to act interoperably. Avalanche allows more stalkers to validate transactions provided they have 2,000 AVAX staked. This is compared to the small figure of select miners that other network boasts.

Avalanche mandates all subnets to own and stake a portion of the AVAX tokens to act as validators on the network. This includes the validators of the primary network on the blockchain. This means that a trader does not necessarily need to be a validator before earning Avalanche rewards. For instance, a trader might delegate a portion of their stake to a validator and earn massive amounts of rewards in the process. Presently, Avalanche has about 64% of its entire token staked. In staking rewards, delegates earn about 9.5% annually, while validators earn about 11% every year.

Over the last few years, AVAX has done well for itself, fighting to cement a top 20 spot in the crypto market. Very few of the tokens created in just two years can boast of achieving such feats. However, we can only look at the future price of the token. This enables us to ascertain if the token is worth holding in the next few years.

As mentioned earlier, Avalanche is presently trading around $96 in the last 24 hours, seeing a gain of about 3% on the process. Although the token is currently not at its best, it is surging forward in terms of price. According to analysts' predictions, the token could see a massive $120 climb by June and another rise to see it sell at $127 by the end of the year. In 2023, the token is expected to ride on the wave of its price this year. With that, analysts expect that it could go on to sell at $190 per token by the end of 2023.

In 2024, Avalanche would need the support of its community. Analysts predict that the token would witness a massive rise in its community during this period. Although it could suffer a decline fate, they would be able to push it back on course. The token is expected to close the year at around $220. 2025 could also be another year that is there for Avalanche's taking. This is due to the so many functions that the token possesses. Analysts believe that the token could well trade at $230 by the middle of 2025. They also believe that it could go as high as $270 by the end of the year.

With all the signs pointing to AVAX doing well in the next few years, these prices are not far-fetched. The token is open to a massive rise due to its scalability and other features. 2026 could yet be another defining year for the token in terms of most of its on-chain data. With this, analysts believe that the coin could yet reach $268 by the end of 2026. If the token cannot hit that value, there is a recourse around $250 in the works by then.

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The massive movement upward and tiny drops in the token price have seen it warm its way into traders' hearts. This is also one of the reasons why major crypto exchanges are now moving swiftly to list the token, another factor pushing its rise. Besides that, the token boasts of other key use cases among some other features. With this, traders might be turning to the token more for its uses than for investing powers. Although it is not up there with Bitcoin and other top tokens, it has proven itself in the market. However, it is good to note that, like most tokens, it is subject to demand and supply powers. This means that the token is open to a bullish and bearish return in the market. Traders should make sure they carry out in-depth research before buying a portion and make sure that their portfolios are diversified to hedge against losses.