The Avalanche project is engaged in building smart contracts that work with greater functionality and at higher speeds than Ethereum. Which makes Avalanche a direct competitor to it. In this review, we will consider the key features of the project, its purpose, the best platforms for trading AVAX, and the prospects for price growth.
What is Avalanche (AVAX)?
Avalanche is a decentralized open-source platform for launching smart contracts and decentralized applications, as well as for deploying corporate blockchain networks in a scalable unified ecosystem. AVAX supports the same development tools as Ethereum. The network bandwidth reaches 4500 transactions per second and is confirmed instantly.
The AVAX team is developing technologies that give a much higher transaction speed than Ethereum and no scaling problems. On the basis of Avalanche, you can create custom blockchains, allowing anyone to place smart contracts and create decentralized applications. Avalanche has developed a family of protocols called the “Snow Family”. They allow thousands of transactions per second. Avalanche allows anyone to use the project’s tools to create their own blockchains. They can be both private and public. These user networks work within the same network, but, thanks to Avalanche technologies, they do not overload it as it happens with Ethereum.
Why should I trade Avalanche?
AVAX trading is extremely profitable for a number of reasons:
- Despite the youth of the project, the asset is steadily growing and is already among the top 50 cryptocurrencies.
- AVAX has shown incredible growth in just a year of existence, having risen in price by 300%.
- Now the cost has decreased, which allows you to profitably buy AVAX coins and sell them when the price rises.
- The asset is traded on reputable exchanges and many trading strategies are applicable to it.
Having started trading in September 2020 at a price of about $5, the AVAX cryptocurrency has already managed to consolidate its positions and significantly increase in price. As of July 25, 2021, the value of AVAX is approximately $10.86, the market capitalization is $1,875,584,544. The maximum price of AVAX coins was fixed on February 10, 2021 and amounted to $59.94. While the all time low was $2.79.
How much Avalanche will be worth?
Based on the analysis of Wallet Investor, the AVAX price forecast says that Avalanche is both great for short-term and long-term investments. Within both 1 year and 5 years the price will grow steadily bringing profits to traders and holders.
For example, $100 invested in AVAX in 2021 will eventually grow up to $359 in 2026.
However, though the analysis provided by Wallet Investor is rather accurate, we call upon our readers to do your own research, as far as the information mentioned above cannot be considered as financial advice.
Where to trade Avalanche?
The crypto market now has acquired a large scale, so a trader is faced with a huge variety of trading platforms. The list of the best platforms for trading AVAX includes:
- Binance – provides an opportunity to buy cryptocurrency using Visa or Mastercard, thanks to cooperation with Simplex.
- KuCoin – in addition to spot trading, the exchange offers margin trading with a leverage of up to 1:10 and futures trading with a leverage of up to 1:100.
- 7b – supports all the same crypto assets that are presented on Binance. Ideal for newly minted traders. For a small and transparent fee, we will do all the difficult work for you.
How to trade Avalanche using the 7b crypto broker app?
7b provides traders with profitable and transparent fees, a user-friendly interface, and more than 2000 trading pairs. That is why 7b is the best place to trade AVAX. After all, all that is required from a trader is to follow a simple instruction:
- Step 1. Sign up for your account and come up with a strong password.
- Step 2. Top up your balance through simple payment methods.
- Step 3. Using a magnifying glass to instantly find AVAX in the list.
- Step 4. Select the crypto asset with which you want to trade.
- Step 5. Enter how many coins you want to sell.
- Step 6. Click the “Buy” button.
- Step 7. Check your balance.
Avalanche Exchange
Where to exchange AVAX?
If you have a cryptocurrency in your portfolio and you want to exchange it for AVAX, you will be faced with the choice of a service for exchange. To choose the one that is right for you, we suggest considering the advantages and disadvantages of exchange platforms:
Exchange:
| Pros | Cons |
| A wide selection of cryptocurrencies for exchange | A small variety of fiat payment methods |
| The most profitable method of exchange | Difficult for beginners |
| High liquidity | |
| Reputable exchanges provide wallets for storing assets |
Broker:
| Pros | Cons |
| Extremely easy to use | Charges a fee for assistance |
| Provides a wide range of crypto assets for exchange | Fewer tools for trading |
| The verification process takes less time | |
| Supports fiat |
Exchanger:
| Pros | Cons |
| Ease of exchange | High fees |
| Speed | Limited choice of exchange options |
| Fast work of technical support |
After analyzing the AVAX exchange options, it will be easier for you to decide on the choice of a platform. AVAX is easy to exchange on exchanges, some brokers, but the asset is rarely found on crypto exchangers. The list of exchange platforms includes:
- AvanChange – the exchanger operates in automatic mode, from 9:00 to 00:00. When exchanging AVAX/ETH, a fee of 0.65% is charged with a deduction of 0.005 ETH.
- Gate.io – secure cryptocurrency exchange, exchange options AVAX/ETH, AVAX/USDT.
- Huobi – a reliable crypto exchange allows you to make the following exchange directions AVAX/ETH, AVAX/BTC, AVAX/USDT.
What to know before exchanging Avalanche?
To minimize the risk of possible losses before exchanging any cryptocurrency follow these tips:
- Compare the cryptocurrency exchange rate on different platforms.
- Check the reputation of the platform before the exchange.
- Double-check the sending address.
- Consider the benefit taking into account the fee.
How to buy Avalanche for fiat?
Today, there are many platforms that support fiat currency as a payment method. The main criteria for choosing such a service are the range of national currencies, the exchange rate of the selected cryptocurrency on a particular platform, as well as the fee charged. The fastest way to exchange fiat for cryptocurrency is to use the fiat gateway, for example CoinGate, just follow the below steps:
- Select a fiat currency.
- Enter the desired amount.
- Carefully enter the address of the AVAX wallet address.
- Confirm the transaction.
You can also exchange one cryptocurrency for another at the best price using the 7b crypto broker.
Avalanche token use cases
The AVAX token is a native token of the Avalanche project, which ensures the operation and security of the entire network. Performs the following functions:
- Fast and cheap P2P transfers.
- Transfers and payment for services within the network. The project provides an opportunity to build smart contracts and launch DApps, each operation is paid with AVAX coins.
- Governing and voting in the network. Token holders can propose improvements and vote for amendments.
FAQ
Is Avalanche a good investment?
Yes, the project is a strong competitor to Ethereum, since the latter can not cope with the load and its users can switch to AVAX. The growth prospects are very good (since the launch, the coins have risen in price by 300%), the cost of AVAX is steadily growing. In addition, the issue is limited, which has a beneficial effect on quotes.
How do I invest in Avalanche?
When investing in cryptocurrency, remember that after a sharp rise in the price, there is usually a sharp decline and vice versa. Choose assets for your investments based on your own analysis. To purchase on 7b, create a verified account, select crypto assets for exchange (for example ETH/AVAX), indicate the desired amount, and place the order.
How to trade AVAX for beginners?
Carefully observe the movement of the market. As soon as positive values are reached, set a stop at the market entry level. In order to trade freely, use the 7b crypto broker. Create an account, go through the 2-step verification process, select a pair to exchange, set the transaction amount, and click the “Buy” line.
What is Avalanche Blockchain?
AVAX is an innovative blockchain that is a direct competitor to Ethereum. It surpasses the latter in such parameters as speed, scalability, and low fees. It is used for p2p transfers, building smart contracts, as well as creating blockchains and subnets.
How safe if Avalanche
The Avalanche blockchain uses a Proof-of-Stake (PoS) consensus mechanism to provide Sybil protection to the blockchain. This PoS system gives tens of thousands of validators a say in the system, ensuring that the network remains resistance to attacks, robust, and reliable.
How do I exchange Bitcoin to Avalanche?
Step 1. Log in to your crypto exchange account
Step 2. Search AVAX/BTC exchange pair
Step 3. Enter the necessary amount of AVAX
Step 4. Confirm the exchange operation
Step 5. Receive AVAX
