Avalanche was launched in 2020 and, in such a short period, managed to rapidly make its way into the top 10 cryptocurrencies by market capitalization. Therefore, we invite you to take a deep dive into the Avalanche project, find out its prospects, and discover how to buy AVAX most profitably.
- Avalanche is a faster, more cost-effective, and greener replacement for Ethereum.
- AVAX has been showing a positive trend since its launch.
- With the help of Fiatom, you can buy AVAX as profitably and quickly as possible.
What is Avalanche?
Avalanche platform, created by Ava Labs, is one of many projects seeking to displace Ethereum as the most widely used smart contract platform. According to the developers, Avalanche is the first smart contract platform that confirms transactions in less than two seconds. In addition, the platform supports a full set of Ethereum tools. At the same time, many Ethereum-based DeFi projects have integrated with the Avalanche platform, including Sushi Swap, Aave, ChainLink, and TrueUSD.
Key technological points:
- The innovative Avalanche consensus mechanism is more secure, productive, and decentralized, with the possibility of scaling up to a million participants.
- The project is focused on maximum openness for users. Lightweight architecture does not require expensive hardware.
- The network bandwidth is at the VISA level.
- Application segmentation support allows developers to deploy applications whose functionality will fully meet their needs.
- Full support for the Ethereum Virtual Machine and tools such as MyEtherWallet, MetaMask, Remix, and TruffleSuit.
As a result, Avalanche offers full programmability both at the application level and at the network level. Developers can monitor personal data and manage their applications as efficiently and safely as possible.
Avalanche’s mainnet was launched on September 22, 2020, after which users looked at the platform for some time, and the AVAX price remained fairly stable, around $3.5, until the beginning of 2021. Since the beginning of the year, the coin price has been steadily growing, updating one all-time high after another. The maximum price of AVAX at $146 was recorded on November 21, 2021, when the entire crypto market was experiencing growth. Then, following the entire market, the price of AVAX fell, and today (March 15, 2022), AVAX is trading at about $67. Although, in general, experts are positive about the growth of AVAX, the price is expected to increase as other DeFi projects are integrated into the Avalanche ecosystem. But already today, we can say that the project is making excellent progress. Avalanche is in the top 10 cryptocurrencies by market capitalization and is neck and neck with Solana and Cardano.
Best crypto exchanges
Since Avalanche is one of the most capitalized cryptocurrencies, users will have no difficulties trading it. Moreover, the coin can be traded on most crypto exchanges, among which stand out favorably:
Review: Binance is a kind of Bitcoin in the world of exchanges. This is the most popular exchange that provides users with all kinds of trading tools and compares favorably with its trading fees.
Best exchange for trading fees.
Review: Coingate is one of the most user-friendly exchanges where you can trade more than 70 crypto assets. In addition, with the help of the exchange, you can easily make fiat-to-crypto purchases.
Best exchange for for fiat-to-crypto purchases.
Review: CEX.io is the best choice for those who prioritize the safety of their funds. The platform has a number of licenses in multiple jurisdictions. Fiat-to-crypto purchases are also available.
Best exchange for security.
Review: the next most popular after Binance, Coinbase offers its users an intuitive interface, a simple order process, and insurance protection.
Best exchange for users funds protection.
Review: Liquid is a reliable trading platform that allows its users to trade cryptocurrencies, make fiat-to-crypto purchases, and make instant withdrawals.
Best exchange for fast withdrawals.
Google Play Rating:
How to buy AVAX?
In order to buy AVAX at the most favorable rate, we recommend that you use our Fiatom service. We compare the exchange rates of the main fiat providers to provide you with the best offer. Follow a few simple steps:
- Choose a fiat currency.
- Specify the amount.
- Choose a cryptocurrency.
- Choose the best offer from one of our fiat providers.
- Complete the payment on the website of the selected provider.
- Get your funds.
Avalanche looks like a great alternative for developers who want to create decentralized applications, but they are scared off by the slow operation of Ethereum. Recently, the Ethereum network has been in a fever: fees are crazy, transactions take too much time. The Ethereum blockchain is not coping with the loads. Against this background, the launch of the Avalanche came in handy.
Furthermore, if you want to swap AVAX with the best rates and minimum gas fees, we recommend you try DEX Aggregator Droidex.