This Crypto Bull Run DONT Ignore Avalanche AVAX

This Crypto Bull Run DONT Ignore Avalanche AVAX

we’ve had some negative Market volatility as of late but with the Bitcoin having a few days behind us now the chances of an overall acceleration of the 2024 crypto Bull Run are actually looking pretty promising and so positioning yourself now before the Bull Run truly kicks off ought to be your top priority in this video we’re looking at Avalanche which I think is the best positioned altcoin to take full advantage of this 2024 Bull Run [Music] welcome to the channel my name is Maddie and this is altcoin Buzz best of luck if you choose to invest whether that’s into avax or any other altcoin out there I wish you well but I’m not a financial or investment advisor of course and so this video by extension is not official Financial or investment advice okay before we jump into why Avalanche will truly shine along with avax in this bull run let’s first understand what Avalanche is by zooming out a little bit Avalanche is a layer one blockchain platform that’s been making way really since its Inception it’s often dubbed as one of the ethereum killers due to its ability to process thousands of transactions per second by the way with subsecond finality all while boasting low transaction fees and one of the key features that sets Avalanche apart is its innovative consensus mechanism known as Avalanche consensus without going into too much technical detail here Avalanche consensus basically enables the network to achieve high throughput and scalability but without compromising on secur let’s talk now a little bit about the price performance of avax and the nice thing is that we have a proceeding Bull Run on which to Anchor our opinion here because in 2020 and early 2021 Along by the way with other so-called ethereum killer chains Avalanche and the avax token outperformed both Bitcoin and ethereum in the bull run and yes despite a recent dip in its price kind of since mid-march 2024 despite that Avalanche has maintained a staggering 175% increase since April 2023 yes it’s true that Avalanche may be down by 66 almost 67% from its all-time high that was reached by the way in November of 2021 but there’s a lot to be optimistic about despite that in fact many analysts believe that Avalanche is gearing up for a truly massive rally especially after the Bitcoin having which at the time of this video’s publication just happened a few days ago really all that to say is we’re still early and there’s a lot of positive ground ahead of us because with Bitcoin potenti entering a Rally post having we could really see a market-wide surge with altcoins like Avalanche subsequently soaring to new heights Avalanche also recently hit a staggering $329 million in Daily large transactions and this signals increased activity among large avax holders the surge in transactions of course is a bullish sign because it hints at positive Market sentiment and in all likelihood positive price growth we have also seen some very promising and positive signs in terms terms of whale accumulation because truly an astounding amount of avax tokens have been gobbled up recently by crypto whales in just 3 days for example since the start of April whales have collectively added nearly 52 million avax to their portfolios totally over $2.1 billion and this whale accumulation sends a very clear signal that’s one of confidence and optimism in avalanche as a project because it’s obvious that these whales aren’t just dipping their toes into these proverbial Waters they’re diving head first into the avax ecosystem we should also talk about the Durango update because by now you probably are aware or hopefully you are that in February 2024 Avalanche brought out a major upgrade that is of course the Durango upgrade and this is a pretty big mstone for Avalanche that’s probably an understatement it’s an upgrade that aims to boost how blockchains work together and their efficiency within the network to get a little bit more specific about exactly what Durango does you can think of it as kind of a turbo boost for Avalanche it’s an upgrade that’s all about making things smoother and faster in the Avalanche World especially when it comes to how different parts of avalanche talk to each other one of the key highlights of the upgrade is the introduction of the teleporter tool this is like an ultra handy translator that helps different parts of avalanche understand each other better and this means of course less confusion and more teamwork across the whole of the Avalanche Network the Durango upgrade also comes with some pretty cool changes for example it makes life easier for developers by giving them more ways to do their thing and while some of the old features are saying goodbye uh it’s not a problem because really the important stuff is sticking around overall the Durango upgrade is kind of like giving Avalanche a scheduled tuneup it’s about making things run smoother and faster more efficiently and that way of course Avalanche can shine more in the crypto world and in the bull market that is unfolding listen up if you’re watching this as an American because I’m talking to you because we’ve actually found an exchange that offers you The Best of Both Worlds want to trade spot markets on over 400 trading Pairs and without kyc yeah you can want to trade perpetuals markets on over 150 trading pairs with kyc that accepts Americans by the way Canadians too yeah you can also do that the only exchange we’ve seen in the market that lets you do both simple spot trading without kyc and pers trading with kyc that Americans can use is buy Defi and along with the grade fees and almost no slippage on trade orders you also get up to $ 8,698 in bonuses Just For Trying by Defi and then in addition you also get our Flagship altcoin Buzz Alpha service totally free for one month and you can check out by defi today by clicking the link in either the description of this video or the pin comment below okay let’s talk gaming now for a moment because in this year’s bull cycle games will play a big part part an avalanche is ensuring that it doesn’t get left behind in this particular aspect maple story is a beloved mm o RPG with over 400,000 daily active users and it’s a game that’s made its debut on the Avalanche blockchain this move makes Avalanche really a top blockchain for web 3 gaming and The Gaming Community is buzzing with excitement this is a particular Department of avalanche that’s gaining more and more momentum and deservedly so the secret sauce here is that the Avalanche subnet structure provides the scalability and customizability that traditional game Publishers crave this of course means smoother gameplay better experiences and more opportunities for gamers and developers alike so with powerful infrastructure strong Partnerships and really a laser focus on developers the avax network is shaping up to be the go-to platform for web 3 gaming outside of games Avalanche really is trying to upgrade themselves and their chain so that they can scale infinitely and look we all know that Meme coins have been causing a stir as of late with some pretty wild price surges grabbing headlines left and right whether you like meme coins or not that is the reality they’ve been making an impact in the crypto space and avalanche’s latest additions to this craze are dog themed Kimbo that’s k i m b o chicken themed enu that’s COK gecko themed gecko that’s gec as the ticker a technology joke token Tech t c k and avax still has no chill that’s no chill n o c h i dou L Avalanche calls these meme tokens Community coins and they’re more than just a joke because they’re kind of like digital representations of fun and unique interests of different crypto communities not necessarily for everybody but that is kind of the vibe and with major foundations now getting in on the action and directly investing in meme coins they will attract more users and will further bolster avalanche’s ecosystem thus Paving the way for long-term growth so look in conclusion why do I believe that Avalanche is set to be a great altcoin for this particular ular Bull Run well it’s got groundbreaking technology to summarize quickly impressive performance and really growing transactions that are notable and very impressive Avalanche is set to make waves in crypto once Bitcoin kind of settles down and uh moves out of the spotlight Avalanche is really primed to steal the show as an altcoin performer

Avalanche is a general purpose blockchain platform founded by Cornell University professor, Emin Gün Sirer. Developers can deploy decentralized applications such as decentralized finance, gaming, and NFTs via smart contracts. Validators secure the network through a proof-of-stake consensus protocol which allows for fast and low cost transaction processing. Developers and users of the network uses the native currency, AVAX to pay for transactions.

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⏱️ TIMESTAMPS
0:00 Crypto Market Volatility
0:47 Avalanche Explained
1:30 AVAX Price Performance
2:57 Whale Accumulation
3:33 Durango Upgrade
4:52 BYDFi $8,698 Bonus Offer
5:55 Gaming
6:49 Meme Coins
7:54 Conclusion

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

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