Should AVAX [Avalanche] be a ‘must-have’ in your crypto portfolio - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Should AVAX [Avalanche] be a ‘must-have’ in your crypto portfolio

PublisherPublisher
AMB Crypto

Sat, Jun 04, 2022

Banner

Aliens TLDR

Thus, bringing Avalanche’s total post-ICO funding up to almost $700 million.

Dolefully, at the time of this press, AVAX was changing wallets at $22.91 with a 3.66% decline over the last day.

But, a permabull who is planning to go long would find contentment to know that Avalanche’s three blockchains, at press time, were secured by a set of 1,394 validators with each of them staking a minimum of 2000 AVAX to be locked up for 14 days in order to process transactions.

Also, Avalanche, at the time of writing, had 19,429 delegators.

These delegators are required to stake a minimum of 25 AVAX for two weeks.

Keeping validators and delegators aside, let’s take a look at Avalanche from the adoption perspective.

In this regard, Avalanche C-chain unique address count clearly shows that there has been a daily increase in ‘total distinct addresses.’ In fact, over three million unique wallets have been created on Avalanche’s C-chain alone.

Interestingly, at the time of this analysis, there were approximately two hundred DApps live on Avalanche.

Now, even though AVAX is in line with the broader crypto market, it wouldn’t be a bad idea to allocate a portion of your crypto portfolio to the token.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Litecoin falls beneath a bullish order block, could $40 be next target

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and […]
AMB Crypto
·

Jul 3

Altcoin

Recommended Stories

Article

AAVE traders have this in store for coming days after bearish pennant’s…

Article

Assessing the odds of The Sandbox [SAND] falling below $1 mark

Article

Axie Infinity: Risk would be to buy range lows with a stop-loss at…

Article

Stellar: Factors that didn’t play in favor of XLM’s rally despite…

Article

Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When

Article

BTC, SOL and AVAX Price Analysis for July 2

Article

3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise