AVAX is a strong defi play that peaked in February with an ATH. It was hit particularly hard in the mid-cycle correction and has been treading back towards its earlier year highs. We have seen large pumps and new ATHs now for Solana and Terra and I believe that Avalanche is a really strong play.
It's a fundamentally strong project with a good development team. It's still down about 50% from where it generally treaded water and still 66% away from its ATH. Considering the projects fundamentals I believe it's a strong long at this time with 100 to 200% returns possible before the end of the year, if not sooner. It is already up about 60% from its lows in late July but there is still a lot of time and money to be made on our side.