Build the Internet of Finance : AVAXUSDT analysis

Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains


❇️ COINMARKETCAP's DATA :
Rank #42 - kind: Coin - On 94,504 watchlists - Market Cap :$4,098,864,533
Fully Diluted Market Cap: $22,919,140,394
Volume24h: $244,213,338
Volume / Market Cap : 0.05967
Circulating Supply :128,786,440 AVAX
Max Supply:720,000,000
Total Supply: 382,952,630


What Is 🌟Avalanche (AVAX)🌟?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.

It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.

Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.

Avalanche launched its mainnet in September 2020. The platform’s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.

❇️Key features:
1- High performance
2-Scalable and secure
3-Flexible and customizable

coinmarketcap- avalabs. org
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for AVAX/USDT, the price is trading at around $31.3 .

It can be considered an ascending channel for it, which has been growing since September 2020 and managed to reach the $ 60 ceiling, and after almost 3 months of correction, I think it is thinking of regaining its aaaaaaaaa, and if the market supports it, it will probably reach the top targets. But before that, the resistance of about $ 60 and also the midline of the channel must be overcome

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(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)

also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.

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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
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Commentaire:

aaaaaaaaa : 'ATH