$AVAX
Always remember that during drawdowns, it is best to buy fundamental coins, not shtikoni, which can fall by 90% even after the fall.
1️⃣ Project Description
Avalanche is a Layer 1 blockchain that is also built as a protocol for new applications and ecosystems.
Let me remind you that L2 is when the blockchain is built on an existing blockchain like Ethereum, and L1 is a new blockchain.
So, AVAX as a platform allows you to create applications, and also rapidly develops the DeFi sphere. You can consider AVAX one of the main competitors of Ethereum.
2️⃣ Partners and Investors
AVAX has raised over $350 million in investment from funds such as DragonFly, Republic and Polychain, a16z.
These are all some of the best funds in the world, which are now completing tasks from marketing, technology and patent development, as well as partnerships with other blockchains such as TAO.
3️⃣ Evaluation and Potential
The project's capitalization is currently around $11 billion, but don't be scared by such a high estimate.
Every portfolio should have conservative projects that will not fall by 99%.
Previously, we recruited projects with great potential, now it is advisable to pay attention to others.
Moreover, in 2023, the number of Avalanche users increased by 80%, and the transaction volume exceeded $10 billion.
Of course, AVAX will not give a thousand x's, but new partnerships and technologies can bring the project to $100 billion in the long term.
4️⃣ Roadmap
By the end of the year, Avalanche should release new developer tools, make more blockchain partnerships, release the long-awaited AWM technology, and also finish building its own storage base that will create competition for giants like Arweave or Filecoin.
💦 Conclusion
AVAX is a great project to protect against the risks of gradual portfolio accumulation. The project is developing by creating new technologies and functions and even distributing grants to new, younger projects.
Learn more about the project – Website, Investors, Interim results and plans
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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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