economictimes.indiatimes.com Open in urlscan Pro
2a02:26f0:ab00:48c::216f Public Scan

Back to summary

URL:
https://economictimes.indiatimes.com/industry/banking/finance/should-you-buy-avalanche-avax-price-prediction-2022/articleshow/8944546...
Submission: On March 07 via manual (March 7th 2022, 12:07:42 am UTC) from CA — Scanned from ES

Form analysis
0 forms found in the DOM

Text Content

BenchmarksCLOSED
Sensex54,333.81-768.87
Created with Highcharts 9.3.3
View Full Chart
NSE Loser-Large Cap
Vodafone Idea10.35-0.75
Created with Highcharts 9.3.3
View Full Chart
FEATURED FUNDS
★★★★★
Mirae Asset Equity Savings Fund Direct - Growth
3Y Return
13.35 %
Invest Now
FEATURED FUNDS
★★★★★
Mirae Asset Hybrid Equity Fund Direct-Growth
5Y Return
14.05 %
Invest Now
CRYPTOCURRENCYLIVE
Presented By:
btcBUY NOW
₹30,72,530-2.36%
Created with Highcharts 9.3.3

ethBUY NOW
₹2,03,707-4.08%
Created with Highcharts 9.3.3

usdtBUY NOW
₹800.04%
Created with Highcharts 9.3.3

bnbBUY NOW
₹30,067-2.59%
Created with Highcharts 9.3.3

Market Watch

Industry
English Edition
| E-Paper
Sign In
Super Saver Sale
Search
+

Home

ETPrime
Markets

News

Industry

RISE

Politics
Wealth

Tech

Jobs

Opinion

NRI

Panache

ET NOW

Auto
Auto News
Cars & UVs
Two wheelers & three wheelers
LCV & HCV
Auto Components
Tyres
Banking/Finance
Banking
Finance
Insure
Cons. Products
Durables
Electronics
Fashion / Cosmetics / Jewellery
FMCG
Food
Garments / Textiles
Liquor
Paints
Tobacco
Energy
Power
Oil & Gas
Renewables
Solar Energy Wind EnergyPolicy and regulationsPeopleHybrid PowerElectric
vehicles
Ind'l Goods/Svs
Construction
Engineering
Cement
Chem / Fertilisers
Metals & Mining
Packaging
Paper / Wood / Glass/ Plastic/ Marbles
Petrochem
Steel
Healthcare/Biotech
Biotech
Healthcare
Pharmaceuticals
Services
Advertising
Consultancy / Audit
Education
Hotels / Restaurants
Property / C'struction
Retail
Travel
Media/Entertainment
Entertainment
Media
More
TransportationRailwaysAirlines / AviationShipping /
TransportRoadwaysTechITESTech & InternetStartupsFundingTech BytesTelecomTelecom
NewsTelecom PolicyMiscellaneousCSRInitiativesPolicyEnvironment
Business News›Industry›Banking/Finance›Finance›Should You Buy Avalanche? AVAX
Price Prediction 2022

Back to Mediawire

SHOULD YOU BUY AVALANCHE? AVAX PRICE PREDICTION 2022

SECTIONS
Should You Buy Avalanche? AVAX Price Prediction 2022
MediawireLast Updated: Feb 09, 2022, 02:22 PM IST

Avalanche (AVAX) is a smart contract-based blockchain network that prioritises
transaction speed, low pricing, and environmental friendliness.

The objective of Avalanche is to develop a flexible and scalable blockchain that
maintains decentralisation and security. These are some reasons why investors
are clamouring to purchase AVAX.

This article details how to buy Avalanche token for beginners on a secure crypto
exchange. We also speculate on Avalanche price predictions.

Where to Buy AVAX - Best Crypto Exchanges Reviewed

Video Player is loading.
Play Video
Play
Unmute

Current Time 0:00
/
Duration 51:28
Loaded: 0.98%

00:00
Stream Type LIVE
Seek to live, currently behind liveLIVE
Remaining Time -51:28
1x
Playback Rate

Chapters
* Chapters

Descriptions
* descriptions off, selected

Captions
* captions settings, opens captions settings dialog
* captions off, selected

Audio Track
* default, selected

Picture-in-PictureFullscreen

This is a modal window.

Beginning of dialog window. Escape will cancel and close the window.

TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque
Font Size50%75%100%125%150%175%200%300%400%Text Edge
StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional
Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall
Caps
Reset restore all settings to the default valuesDone
Close Modal Dialog

End of dialog window.

1. eToro - Overall Best Broker to Buy Crypto

eToro, established in January 2007, is a well-known online cryptocurrency
trader, regulated by the FCA, CySEC and ASIC.

eToro accepts various simple payment methods, including bank transfers,
credit/debit cards, and e-wallets like PayPal. About 50 crypto-to-crypto trading
pairs are available on eToro.

The CopyTrade tool on the platform allows you to copy successful trades of
highly experienced traders for free. Deposits on eToro are also free, but
there's a $5 withdrawal fee.

eToro also allows you to trade large-cap assets such as Bitcoin, Ethereum,
Cardano, and over 40 more. Currently, eToro doesn't provide support for AVAX,
but the broker is always expanding their coin offerings and AVAX should be
listed in 2022.

Pros:

* Easy to use
* Highly regulated broker
* Low fees

Cons:

* Relatively high account minimums

Buy Crypto on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

2. Binance - Crypto Exchange with High Liquidity

Binance is among one of the most liquid exchanges globally. For beginners, the
exchange includes many valuable features and is quite simple to use. The site
also offers Binance Academy, a terrific learning site that may help you improve
your crypto expertise.

Binance also offers high liquidity and charges a low 0.10% trading fee. You can
save an additional 0.025% if you possess the platform's utility token, BNB.

Binance is a good option for investors looking to profit from their crypto
assets through trading, staking, saving, and smart yield farming. The largest
Bitcoin exchange offers a variety of income-generating activities through its
'Earn' program.

Pros:

* One of a kind peer-to-peer trading option
* Highly immersive online community
* Wide crypto trading options

Cons:

* Not yet regulated

Buy Avalanche on Binance.

Your capital is at risk.

3. Coinbase - Best Beginner-Friendly Exchange to Buy Avalanche Coin

Coinbase offers customers a trading platform that is "all crypto, all the time,"
with one of the largest cryptocurrency options in one place. The exchange's
Coinbase Pro platform has clear pricing. However, the basic service tier has
expensive trades and a more complicated fee structure. Use Coinbase Pro for a
0.1% maker and taker fee.

Clients can maintain their cryptocurrency assets in Coinbase's storage and earn
staking rewards, rare among the few brokerages that even deal in
cryptocurrencies. Coinbase's customer support, on the other hand, is still
inadequate — a flaw that is common among cryptocurrency exchanges.

Pros:

* Easy to use for beginners
* Great for staking cryptocurrency
* Low fee structure on Coinbase pro

Cons:

* Limited access to altcoins

Buy Avalanche on Coinbase.

Your capital is at risk.

What is Avalanche Crypto?

Ava Labs released the Avalanche platform and AVAX cryptocurrency in 2020.
Avalanche is a proof-of-stake smart-contract platform. The Avalanche token is a
utility token that acts as the ecosystem's primary medium of exchange. AVAX
staking protects the network and pays stakers extra AVAX as rewards.

The AVAX coin’s deflationary nature adds to the value gained by staking. Also,
AVAX tokens used to pay transaction fees are destroyed, reducing the quantity of
AVAX in circulation forever.

Avalanche is a fierce rival for Ethereum, claiming to be the most secure
cryptocurrency accessible. It also boasts interoperability with both Ethereum's
and its blockchains.

The Avalanche platform allows anybody to create their currency. The platform is
designed to be a network of thousands of subnets to enable a very stable
currency. The idea is to construct a decentralized, linked network of
blockchains composed of individuals from all over the world.

Avalanche is known to have one of the quickest transaction rates on the Ethereum
network, as well as a fierce rivalry. It's a smart-contract platform, allowing
developers to write self-executing programs to execute buy-and-sell
transactions.

Is Avalanche Coin a Good Investment?

Here’s why you should invest in Avalanche:

1. AVAX employs a unique technology

Many blockchains are either not scalable or lose functionality as they grow. For
most blockchains, this has been a long-standing issue. The Avalanche network, on
the other hand, avoids most of the problems that other blockchains have by
employing three interoperable blockchains:

* The Exchange Chain (X-Chain) produces and exchanges AVAX coins and other
assets using the Avalanche consensus method.
* The Contract Chain (C-Chain) is a platform for decentralized apps and smart
contracts. Developers can fork EVM-compatible code using the Avalanche
Virtual Machine (AVM) (Ethereum Virtual Machine) DApps.
* The Platform Chain (P-Chain) is a network validator coordination system. It
keeps track of active subnets and makes it easier to create new ones.

The Avalanche blockchain technology is one-of-a-kind and cutting-edge,
potentially being infinitely scalable. As a result, Avalanche has achieved
phenomenal development in the crypto market.

2. AVAX doesn't sacrifice decentralization for scalability

Avalanche is one of the few blockchains that can scale without sacrificing
decentralization. Its potential for interoperability with many blockchains is
limitless.

Avalanche blockchains alter consensus algorithms based on the use case, and the
network has more validators than other networks.

Another advantage is that the basic hardware requirements make it inexpensive
and straightforward for validators to set up. Bitcoin rig setup requirements,
for example, are expensive and difficult for Bitcoin miners, and they consume a
lot of energy.

3. AVAX is interoperable with other blockchains

The scalability and future expansion of Avalanche are heavily influenced by its
interoperability. Interoperability across third-party tokens is rare in crypto
networks, and its absence limits scalability. The decentralised finance (DeFi)
ecosystem benefits from interoperability.

Thousands of subnets make up the Avalanche blockchain, forming a diversified
interoperable network of many blockchains. The rate of throughput is always
high.

Its protocols and fully-decentralised architecture are efficient, and they don't
jeopardize decentralization at any point.

Avalanche Crypto Price

At press time, AVAX is trading at $70.65, a 0.51% increase in price in the last
24 hours. The utility token is currently trading below the 20-day moving average
support price peg of $84.67. However, this bearish trade presents an excellent
opportunity for investors to buy AVAX Coin.

AVAX Price Prediction

According to the Avalanche price projection from algorithm-based forecasting
site Wallet Investor, AVAX might trade at $184.97 in a year. The site predicts
the average price might rise to $659.55in five years.

The AVAX estimate from DigitalCoin predicts that the price will average $95.1 in
2022 and grow to an average of $157.36 in 2025, based on historical data.
According to the website, the price might rise from $136.71 in 2026 to $184.19
in 2027, with an average of $291.53 in 2029.

PricePrediction is more positive in the long run, forecasting a $284.02 average
price in 2025, up from $102.04 in 2022. According to the report, the price might
rise to $2,136.62 by 2030.

According to the Economy Forecast's algorithm, the price of the AVAX coin might
climb to $132.6 in December 2022, then rise to $148 by the end of 2023, and
reach $157 by December 2025.

How to Buy Avalanche Crypto - Tutorial

Now that investors know where to buy AVAX, this section contains a detailed
tutorial on how to buy AVAX and other crypto assets on our top broker, eToro.

1. Create an account on eToro

On the eToro homepage, select 'Join Now,' and fill out the form with your full
name, email address, and cell phone number. Create a username and unique
password.

2. Verify Identity

You must upload a valid form of identification. A driver's license or other
government-issued ID, as well as a recent utility bill (not older than three
months), are required by eToro.

3. Deposit

To make deposits, go to the action tab and click 'Deposit Funds.' You can use a
bank wire transfer, Paypal, credit or debit card, and e-wallets.

4. Buy Crypto

Since Avalanche is not available yet on the eToro platform, you can instead buy
your favourite cryptocurrency and exchange for AVAX on a third party swap
service. To buy your favourite crypto on eToro, simply type the asset's name
into the search bar and click the 'Trade' button. To complete the transaction,
enter the amount you want to invest and then click 'Open Trade.'

Buy Cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection. Your capital is at risk. Additionally, 68% of retail
investor accounts lose money when trading CFDs with this provider. You should
consider whether you can afford to take the high risk of losing your money.

Disclaimer: Content Produced by CryptoPR

economictimes.indiatimes.com Open in urlscan Pro 2a02:26f0:ab00:48c::216f Public Scan

Form analysis 0 forms found in the DOM

Text Content

economictimes.indiatimes.com Open in urlscan Pro
2a02:26f0:ab00:48c::216f Public Scan

Form analysis
0 forms found in the DOM