• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Best cryptocurrency to buy – Will subnets take AVAX to the moon?

June 9, 2022
in Crypto News
Reading Time: 2 mins read
A A
0
Best cryptocurrency to buy – Will subnets take AVAX to the moon?
0
SHARES
6
VIEWS
ShareShareShareShareShare

Subnets have made Avalanche infinitely scalable, and adoption is gaining traction.

Key points:

  • Avalanche is deep in the bear market and is down by over 80% from its most recent all-time highs.

  • Avalanche has launched subnets, making it a highly scalable blockchain, perfect for any kind of Dapps.

  • Adoption of Avalanche subnets is already on the rise in DeFi and Gaming.

Avalanche (AVAX) like the rest of the market, is still deep in the bear market. However, when you look beyond the price, a lot is going on within the Avalanche ecosystem that could see it outperforming many cryptocurrencies once the bull market returns. One of the key factors likely to drive Avalanche adoption is its positioning for the fast-growing Web 3.0 market. Web 3 apps are coming up fast and growing at an unprecedented rate. However, scale is a challenge as most major platform blockchains can’t handle the increased load.

Avalanche is looking to solve this problem with subnets. Subnets are application-specific blockchains that run within the Avalanche ecosystem. Through subnets, developers choose validators, the virtual machine to use, and even the token that will pay fees. All this, while still relying on the Avalanche security and speed at the base level.

This opens up the door for infinite scalability, and adoption is already rising. For instance, there has been an upsurge of subnets adoption in everything from DeFi to gaming. Institutions are also adopting Avalanche subnets to develop highly customized applications that are secure and scalable.

Is Avalanche a good cryptocurrency to buy today?

With the launch of subnets, Avalanche is likely to see an upsurge in adoption going into the future. Thanks to its scalability, Avalanche is already known as one of the best blockchains for launching Dapps. In essence, now that it is taking both scalability and security a notch higher, adoption will only rise. By extension, this means good prospects for AVAX, the token that governs the Avalanche ecosystem.

Even with all these developments, AVAX is trading at a massive discount. From highs of $146.22, AVAX is currently trading at $24.66, a drop of 83%. Once the market rebounds and AVAX gains momentum, even retesting its all-time highs would give investors a massive return on investment.

Conclusion

Despite the price drop across the crypto market, Avalanche fundamentals are getting better. The launch of subnets has made Avalanche more scalable than ever before and highly attractive for launching all kinds of Dapps. Adoption is already on the rise, especially in gaming, further giving AVAX high prospects for value appreciation long-term.

Credit: Source link

ShareTweetSendPinShare
Previous Post

NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines

Next Post

Target’s latest pivot was a ‘rip the bandaid off type event’: Analyst

Related Posts

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
Crypto News

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty

June 29, 2022
4
ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview
Crypto News

ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview

June 29, 2022
7
Snoop Dogg on crypto winter and why its good for the industry
Crypto News

Snoop Dogg on crypto winter and why its good for the industry

June 29, 2022
5
White House set to make recommendations to reduce crypto energy consumption
Crypto News

Crypto miners putting more pressure on Bitcoin price

June 29, 2022
5
Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US
Crypto News

Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US

June 29, 2022
4
Next Post
Target’s latest pivot was a ‘rip the bandaid off type event’: Analyst

Target's latest pivot was a 'rip the bandaid off type event': Analyst

Recommended

Engineer Who Fled Charges of Stealing Chip Technology in US Now Thrives in China

Engineer Who Fled Charges of Stealing Chip Technology in US Now Thrives in China

June 6, 2022
7
Good Game Asia, World’s First Live Gaming Reality TV Show, Premieres 10 June on Warner TV

Good Game Asia, World’s First Live Gaming Reality TV Show, Premieres 10 June on Warner TV

June 4, 2022
11
Keystone Agency Partners Forms Partnership with Keyes Coverage

Keystone Agency Partners Forms Partnership with Keyes Coverage

June 8, 2022
6
How Data Is Helping Reduce the Supply Chain’s Carbon Footprint

RECOGNITION = RETENTION – Global Trade Magazine

June 27, 2022
5
A Smart Tag for an NFT Safety Haven

A Smart Tag for an NFT Safety Haven

June 28, 2022
7
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Economic Pressures Contribute to Finance Leaders Improving Last-Mile Readiness
  • BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
  • 80% of U.S. Small Businesses Are Confident They Could Withstand a U.S. Economic Recession

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?