The current 12-week moving average for the AVAX price has been trending downwards. And if you are interested in riding this trend, you might be wondering how to do that. Our first piece of advice would be to stay away from day trading. If you are new as this can be more profitable for those with experience and time. This type of trading is high-risk and very volatile.
If you are interested in this company, you should be looking at it as a longer-term investment.
The current price at the time of writing this article is $0.002856. With a market cap of $1,391,233 and a circulating supply of 234,188,633 AVX coins. While this company does not have enough history to work off of like other companies listed on our website. Do we can expect the coin to rise in value if the demand for it increases. And if the volume remains steady or increases over time.AVX is a coin that was created by the CEO of AVAX. Who was inspired by the promise of a company like Apple?
Avalanche Expectations:
As of the time of writing, AVAX has just released its new wallet. And is still working to get listed on additional exchanges. We believe it will be listed on other exchanges very soon as it already has a fully functioning API for trading. With this company already ahead of schedule and having the potential to increase in value over time, we would not be surprised if this becomes another big-name coin like Ethereum.
This is what I love about crypto… it’s great for people who are motivated and can do all their own research. If you see an opportunity to make money in crypto, there are lots of ways to do so. If you’re lucky enough to see it early… go for it! I see lots of people whining here on boards but they aren’t doing anything about their investment.
How does this fit into the world of crypto?
To answer this question, you first need to understand what blockchain technology is all about: Practically speaking, blockchains are distributed ledgers and computer networks that are based on cryptography, in which transactions (and subsequent verification) can be made directly between two parties without the need for a central governing body. If you’re more interested in the technical aspect of blockchain technology – check out our websites Blockchain and Ethereum.
What does this have to do with Avalanche?
The purpose of the AVAX cryptocurrency is to be used as a payment method for businesses that use the Avalanche e-billing platform. The important thing to mention here is that AVAX does NOT depend on this platform’s success in order to become valuable.
Why was this company created?
In order to get an idea of how much this coin will likely be worth in the future, let’s explain a little bit about the founder, his vision for this technology, and what makes AVAX unique.
Avalanche’s founder and CEO is Dr. Charu Sharma. He has been quoted as saying: “I have been an innovator and entrepreneur for over thirty years. I was a co-founder of PrinterOn (NASDAQ) in 2000, which had a successful IPO followed by up to four hundred million dollars in acquisitions by H&R Block, NDS and SunGard. I founded AppOnboard in 2011 to create mobile apps for enterprise customers.
What does this mean for people investing in AVAX?
We can all agree that blockchain technology is quickly becoming mainstream and as more businesses adopt it for their everyday business, we should expect that the demand for cryptocurrencies will likely increase as well. Demand drives up prices.
Bitcoin, for example, has gone through several dramatic price surges since its inception in 2009. It is now worth over $5,000 per coin (currently trading around $4,300 according to Coinmarketcap), up from only $1 per coin back in 2009.
AVAX – Looking Ahead:
AVAX was originally developed by AVX Mining which is operated by HashTank LLC with the token named “AVX”. It is based on the Ethereum network with a total supply of 6.3 Billion coins. The basic coin of AVX was released onto the public blockchain on February 16th, 2017 with the goal of becoming more than just a digital currency and becoming part of a real-world solution empowering businesses worldwide.
