🎉🎉Avalanche CEO Emin Gün Sirer Talked About AVAX, Bitcoin, and Ethereum! “Nobody Understands!”🎉🎉
Important statements were made about Avalanche (AVAX), one of the altcoins closely followed by Turkish investors.
Avalanche founder Emin Gün Sirer drew attention to the similarities of AVAX with Bitcoin (BTC) and listed these similarities. In his statement on the X platform, Sirer emphasized a critical aspect of Avalanche and stated that similar to Bitcoin's supply limit being limited to 21 million, AVAX's supply is also limited.
The famous CEO stated that AVAX's supply is 715.74 million, and stated that this feature is similar to Bitcoin. Emphasizing that Bitcoin's limited supply forms the basis of its value, Sirer said that this feature attracts investors in the long term and increases confidence in Bitcoin's deflationary nature.
Sirer stated that the same limited supply feature is also present in AVAX and that AVAX's deflation mechanism of burning transaction fees makes a difference. Comparing it to Ethereum (ETH), he stated that Avalanche is similar to Bitcoin but has a different structure than Ethereum.
"Many people do not fully understand that AVAX has a limited supply like Bitcoin and is similar in this respect but different from Ethereum." Emin Gün Sirer emphasized AVAX's similarity to Bitcoin, and these statements led to increased speculation that AVAX's price could increase. Experts stated that AVAX's current price level indicates upward momentum, and stated that $34.71 is an important support level. In the short term, it is predicted that AVAX price could rise to $64 and $79. At the time of writing, Avalanche continues to trade at $38.4.