The price of $AVAX continues to fall parallel to the crypto market. As I said a few weeks ago, I still believe it will drop to around 25-28 USDT. These are my technical analysis conclusions (for example, the price continues to trend below the 200-candle EMA, which is the last line of defense)

On the other hand, the bull cycle will definitely begin. When ? I don't think anyone can give the exact time. If someone gives but cannot give for some reason, it is nothing more than empty guesswork.

I think what I will write below is important for those who want to invest in the crypto market, except for those who are traders.

If blockchain technology touches our daily lives with regulations, which should happen sooner or later, Avalanche network will be by far the best blockchain. Because, as data traffic increases, a significant number of single-chain projects;

1. It will not be scalable and will experience jams (due to being single chain)

2. Their speed will decrease. (Due to consensus algorithms)

Due to these two main problems, projects that will work on single-chain networks will naturally work on the Avalanche network, where they will not experience this problem.

What I can say as an engineer of 35 years is that a good engineer can make an ordinary project good with some solutions, but cannot make it perfect. Because the project was not well designed in the light of science from the beginning. Avalanche is a well-designed project with its consensus algorithm and multiple chains and subnets. Others are trying to complete their shortcomings with some layer 2 projects. ETH is also included in this.

A few projects such as Polkadot, Render, Singularity, Cosmos are among my favorites due to their project areas.

Let's leave what I wrote here. We will all re-evaluate when blockchains become widely available in the real world.

What I wrote above are, of course, my own evaluations. And it is not investment advice.