Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.
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. This has led to an increase in AVAX price.
What Makes Avalanche Unique?
Avalanche provides decentralized asset trading which anyone can launch and use, and does so with a network which is unique in the digital realm in providing subsecond transaction confirmations.
Developers aim to bring together the huge, fragmented and often opaque world of asset trading under one roof, allowing barrier-free access. Developers can create and release all manner of entities from blockchains to digital representations of any asset, and allow them to trade according to any given parameters. These include, for example, mimicking compliance regulations in various jurisdictions.
The AVAX token forms the in-house payment method for Avalanche, and is used for fee collection during transactions, as well as for incentives and related purposes. Users can also earn passive income by staking their coins on the network.
Build fast, low cost, Solidity-compatible dapps
Launch Ethereum dapps that confirm transactions instantly and process thousands of transactions per second.
Launch customized blockchains, private & public
Deploy blockchains that fit your own application needs. Build your own virtual machine and dictate exactly how the blockchain should operate.
Scale to millions of validators with minimal hardware
Stake your AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard. You probably have the hardware required to join the platform.
Let us review AVAX price
AVAX Price Prediction
AVAX is currently trading above the support of $9.85. If it can consolidate above this zone, we could start seeing a move towards $14.42, $20.51, $24.32, $27.73 and $38.79. If it can clear this resistance and close above, we could start seeing a move towards $56.67. Failure to hold the support at $9.85 could lead to a drop towards $6.46.
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