Make a fortune by buying Avalanche

The year 2021 was a game-changer for cryptocurrency.

In 2021, Avalanche was a little know cryptocurrency. The total market capitalization of Avalanche was at $300 million. Launched towards the end of 2020, gaining $300 million market capitalization is an impressive figure. And today Avalanche has taken its position amongst the top 10 cryptocurrencies globally. There has been incredible growth in this cryptocurrency during 2021. Investors have received more than 90% profits on their investment.

Fast-forwarding to January 2022, the total market capitalization of Avalanche stands at $27 billion. This is higher than other cryptocurrencies in the market including Shiba Inu.

Is it right to invest in Avalanche?

If you are an early buyer then you sure have reaped increased profit. An initial investment of $1000 in September 2020 will now yield a return of $34000. Ok, so what if you have invested the same amount in the middle of 2021. Considering the growth volume, you will still receive returns of $11,000 today. Now consider that someone had invested in this crypto-only towards the end of 2021. The profits would still have skyrocketed yielding a return of more than 90%.

Now we have already seen this kind of market hypes for other cryptos as well. There is a break-even point for all currencies wherein the market price sustains. There may not be a hike or depression on these prices. This is the break-even point. However, you do not need to consider a similar situation for Avalanche.

The secret behind Avalanche success

The growth volume and interest in Avalanche are incomparable. It is important to understand the reason behind this craze. An important factor contributing to this crypto’s success is its architecture. The blockchain on which this crypto is built is incomparable. You can trade it at British Bitcoinprofit.

Like Ethereum, this crypto can execute smart contracts, decentralized finance, and non-fungible tokens. But, Avalanche gains its popularity for executing transactions faster and with lesser charges. There are three blockchains deployed by Avalanche for executing any transactions.

X-chain also known as Exchange Chain: This blockchain helps in creating and trading native AVAX coins

C-chain also known as Contract Chain: This blockchain is useful to create decentralized applications and smart contracts.

P-chain is also known as Platform Chain: This type of blockchain is particularly used for validation purposes. It helps in verifying transactions and creates many sets of validators. These dynamic sets are also termed subnets.

Backed by this triple chain model, Avalanche can execute 4500 transactions. This technology also makes it scalable as compared to other cryptos in the market. Compared to Avalanche, Ethereum processes only 14 transactions. The transactional finality to all these transactions lasts for more than six minutes.

Reason for the growing popularity of Avalanche

The growing popularity of Avalanche attributes to the above three technology and other benefits. The recent announcement by Deloitte is another reason for Avalanche’s increasing popularity. Last month, Deloitte came forward with its partnership with Avalanche. Deloitte and Ava labs is building a platform to support disaster recovery. This platform will be built on blockchain technology by Avalanche. This disaster recovery platform will enable government authorities at large. This platform will make it scalable for funding useful during emergencies.

As of today, Avalanche has projects to the tune of 150 live projects running on its blockchain technology. This includes projects running on decentralized finance, non-fungible tokens, etc.

Avalanche – the future fortune

Now coming back to our important question. Should you invest in Avalanche to build a fortune? Yes!! As compared to previous year Avalanche may not provide you with 34X gain in the next 12 months. Avalanche’s performance in the previous year was different. But do not invest in this crypto expecting the same return on investment. There are many users now coming forward with investments in Avalanche. Another reason for Avalanche’s growth is the wider acceptance of cryptocurrency. Deloitte’s collaboration with Ava Labs is another reason for its success and growth in 2022. With this growing adoption, it is also important to keep a close watch on market performance. The launch of Ethereum 2.0 along with its promised features is sure a treat to watch. Like other cryptos, Avalanche will also feel pressure post-launch of Ethereum in the market.

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