AVAXUSDT (Avalanche) - Coin of the Week
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 200+ individual projects, $14M+ of AVAX burned (reducing supply), 1,000+ individual block-producing validators, and over 600k+ community members around the globe.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Technically, we are in a consolidation phase for this crypto that will probably fuel the next move to the upside. We give a higher probability for a move to the upside after the orange trendline is broken. The price may correct until it reaches the blue trendline and reverse after that so we will have to study the price action carefully to decide when the momentum is on our side.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Technically, we are in a consolidation phase for this crypto that will probably fuel the next move to the upside. We give a higher probability for a move to the upside after the orange trendline is broken. The price may correct until it reaches the blue trendline and reverse after that so we will have to study the price action carefully to decide when the momentum is on our side.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
